Small business owners have given evidence before the Ways and Means Tax Policy Subcommittee that lower tax rates, a simpler tax code, and certainty are critical elements of any tax reform package.

The US corporate income tax should be replaced with a rent tax (either a cashflow tax or an allowance for corporate capital tax) with a somewhat lower marginal rate, the International Monetary Fund has said.

The US Internal Revenue Service, while issuing warnings to taxpayers to be wary of identity theft and refund fraud scams, has disclosed that it saw a fourfold surge in phishing and malware incidents during the 2016 tax season.

Boston Federal Reserve President Eric Rosengren said on Friday that he believed interest rates should be raised gradually now and warned that a fall in the unemployment rate below its sustainable level could derail economic recovery in the United States.

Bank of England cuts key rate by 25 bp Bank of England cuts key rate by 25 bp The Bank of England delivered a shocker to the market Thursday morning, and potentially a little bit of good news to banks.

Simulated ‘market tantrum’ likely to be the first of an annual event under Bank of England’s new regulatory regime

What a relief. The deep economic contraction earlier this year was temporary after all. New data released Wednesday show the U.S. economy bounced back in the spring, growing at a 4% annual pace in the second quarter. That was even better than the forecast of 3% growth, according to a consensus of economists surveyed by CNNMoney.

As if tax season isn't stressful enough, cybercriminals are also out in full force, looking to unleash attacks against unsuspecting small businesses.While The IRS never sends emails with tax documents.

In searching for things that could poke holes in the bullish stock market story, Wall Street has come up with a catchy phrase that suggests complacency is running high: "There is nothing to fear but nothing to fear."

U.S. stock futures were moving in and out of positive territory on Wednesday as jitters set in at the prospect of an easing monetary policy. "Markets have started to factor in the prospect of Fed tapering at the December meeting," said Daniel Martin of Capital Economics. Ahead of the bell, Dow Jones industrial average index futures were up 0.1%, but Standard & Poor's 500 index and Nasdaq index futures slipped 0.1%.