Remove business tax Remove corporation tax Remove white paper
article thumbnail

Exploring key 2024 tax bill proposals

ThomsonReuters

Under this act, if a corporation’s CEO or highest-paid employee’s compensation exceeds 50 times the median worker’s pay, the corporate tax rate would be increased by a penalty determined by the legislation. Stay tuned for further updates on these developments!

Tax 110
article thumbnail

Transforming together: The importance of building a strategic partnership between IT and indirect tax

ThomsonReuters

Tax’s contribution to the planning conversation is important because tax is one of the heaviest users of data in a large organization. And, unlike more siloed areas of a business, tax must pull the data it needs from departments across the organization.

Tax 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

4 international tax planning strategies for global companies

ThomsonReuters

E-filing is becoming mandatory for the filing of taxes in many countries, as well as for many of the documentation filings that are required by BEPS. Consider updating your tax technology to gain control and transparency by taking advantage of automated data management and easy access to relevant tax content.

article thumbnail

What is Schedule K-1?

ThomsonReuters

K-1s are tax forms that are used for business partnerships to report to the IRS a partner ’s income, losses, capital gain, dividends, etc., from the partnership for the tax year. With the K-1, a partner’s earnings can be taxed at an individual tax rate versus the corporate tax rate.