Last Sunday, Feb. 3 marked the 100th anniversary of the ratification of the 16th Amendment, which enabled the establishment of the U.S. federal income tax. The century-long history of the income tax has been marked by more and more taxpayers paying higher and higher amounts of tax. As Americans get ready for yet another tax filing season, take a look at how the income tax has morphed from a tax only a handful of people actually paid in 1913 to behavior-changing deal it is today.
With more and more small to medium sized companies operating across borders, many are falling victim to increasingly complex international tax rules. Here’s how to get it under control.
When deciding where to establish or relocate a business, tax rates, credits, and incentives are an important consideration. And as corporate and income tax rates vary by state, it's crucial to know the landscape before entering a market. Here's an in-depth guide and what you should focus on.
Half of the nearly 3,000 US federal, state and local tax credits and incentives go unclaimed, and it pays to learn how well your company is capturing these opportunities.
All politics is the art of deception, none more so than the oft-repeated claim about "tax cuts for the rich." First, the extension of the rate cuts of 2003 that President Obama grudgingly agreed to in exchange for an extension of unemployment benefits is not in any way a reduction of income tax. The only question was whether everyone’s tax liability was going to increase in January.
Are we relying on the rule of law or the judgment of men to protect our liberty?
Meet Steve Harman, Shell Oil's go-to man when a division needs to fuel growth. Harman grew up in Durham, a small mining village in...