The Tax Foundation (TF) has issued a paper saying that "there is a strong case to be made for keeping the current system of taxing pass-through businesses" in the United States.

Legislation has been introduced in Congress to stop the unlimited US corporate tax deductions allowed for performance-based executive pay.

US Senator Bernie Sanders (I – Vermont) has stated his intention to introduce legislation into Congress that would impose an "outsourcing tax" on companies moving jobs out of the United States, as well as stripping them of their US tax breaks and benefits.

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."