House of Representatives Ways and Means Committee Chairman Kevin Brady has indicated that the US tax reform that he expects to propose early in 2017 will "break even," on a dynamic scoring basis, which accounts for additional revenue from increased economic growth.

On November 7, United States Trade Representative Michael Froman announced that his office is to initiate a public review process to determine whether Argentina is eligible for the US Generalized System of Preferences (GSP).

Taxpayers in the United States could be in line for substantial income tax cuts following Donald Trump's surprisingly comfortable victory in the presidential elections on November 8.

In Notice 2016-66, the US Internal Revenue Service (IRS) has warned that the use of so-called "micro-captive transactions" have "a potential for tax avoidance or evasion," as it believes they may be established more to avoid federal income tax rather than for their stated aim of providing additional insurance for clients.

Owing back taxes isn't enough to stop companies from being awarded millions of dollars in contracts from Uncle Sam.

Owing back taxes isn't enough to stop companies from being awarded millions of dollars in contracts from Uncle Sam.

Boston Federal Reserve President Eric Rosengren told CNBC on Friday the economy was close to hitting full employment and close to the Fed's 2 percent inflation target, so interest rates should rise "slowly and gradually."

If he can use the tax code like this, it's high time for reform.

Her plan to tax the wealthy is smart policy, despite the apoplectic cries from the business press. Democratic presidential nominee Hillary Clinton recently proposed to dramatically increase the inheritance tax on billionaires from 40 percent to 65 percent. Her announcement set off a series of enraged retorts from conservative and mainstream opinion writers, none more indignant than the Wall Street Journal's, which marked the occasion with a scorn-filled editorial titled, "Clinton's 65% Killer Death Tax".

In an encore to her Republican convention speech, Ivanka Trump will help unveil her father’s plan. Ivanka Trump is returning to the campaign trail on behalf of her father Tuesday, joining the Republican presidential nominee in the Philadelphia suburbs to roll out his proposed childcare tax break.