Meanwhile, the framework — to be unveiled today — makes major changes to taxes on foreign earnings. President Donald Trump and his Republican allies in Congress will propose an overhaul to the U.S. tax code today that would lower the rate corporations pay and make...
Economists at the Royal Bank of Canada gave an optimistic take on tax reform plans unveiled in the U.S., suggesting in its current form it will boost growth and urge investors to rethink the stock markets. “Acknowledging that some key details are still missing,...
The Sustaining Infrastructure Program manages the replacement of aged information technology hardware infrastructure that provides the foundation for technology services and supports the IRS’s most critical business needs. The management, maintenance, and ongoing...
As globalization continues to reduce barriers to cross-border commerce, tax authorities around the world have increased information exchanges with other countries to administer and enforce the tax laws of their respective countries. It is important for the IRS to...
IRS officials today reminded foreign financial institutions to renew their Foreign Financial Institution (FFI) agreement if required. These FFIs have until Oct. 24, 2017 to complete their renewal. Those that don’t renew their agreements could be removed from the...
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