MetLife CEO Says Businesses Must Give Up Tax Breaks for Lower Tax Rate
MetLife Inc. Chief Executive Officer Steve Kandarian said industries must be willing to forfeit some of their advantages in the tax code in order for the U.S. to seize a “once-in-a-generation”...
View ArticleTax Act Could Pose Challenge for Municipal Bond Market
The U.S. municipal bond market emerged bruised but not decimated by the federal tax bill that won final approval in the U.S. Congress on Wednesday , analysts said. The worst-case scenario of Congress...
View ArticleChubb Records Solid Q4 and Year Despite Catastrophe Losses
Chubb had a solid last quarter of 2017 and year even though challenged by wildfire and other catastrophe costs. Fourth quarter results were enhanced by a one-time gain from the Trump tax cuts. The...
View ArticlePotential Trump Tax Loophole for Pass-Through Businesses
If exploiting a tax loophole is as much an art as a science, then the tax planning profession is poised for a creative renaissance. The inspiration is the tax law signed by President Donald Trump in...
View ArticleIRS Asked to Clarify Trump Tax Deduction for Pass-Through Businesses
The Republican tax law’s new deduction for pass-through businesses, intended to help small businesses, was “ill thought through” and will end up benefiting the wealthy, experts told the U.S. Senate...
View ArticleRepublicans Eye Tax Law Fix for Sexual Harassment Settlements
Republicans are considering a fix to a provision in their new tax law that they acknowledge could inadvertently penalize victims of sexual harassment in the workplace. But congressional gridlock before...
View ArticleEmployers Providing Paid Family Leave Qualify for Tax Credit
The Treasury Department announced that as part of the 2017 Tax Cuts and Jobs Act, eligible employers who provide paid family and medical leave to their employees during tax years 2018 and 2019 may...
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