As any member of Congress knows, raising Americans' taxes is politically risky. That explains why so many avoid it. But Congress is desperate this time to find new revenue to pay for favorite projects - such as an extension of unemployment insurance, job credits, and $250 for seniors - without further bloating the deficit, says Martin Sullivan, an expert at Tax Analysts. So President Obama suggested one "Python-type" proposal in his budget for fiscal 2010: Tax the profits that American multinational corporations hold abroad.
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Effectively integrating the provision and return processes has long been one of the key pain points for corporate tax departments - until now. The Tax & Accounting business of Thomson Reuters is introducing Enhanced Provision and Return Integration to relieve these pain points and significantly streamline corporate tax workflow.
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A glass ceiling still looms over California companies, although it's less prevalent in San Francisco, according to a report to be released today.
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Minorities in Tax 2010 - Are we doing enough to balance ethnicity in the tax profession?