A New Jersey cigarette company, Lorillard Tobacco Co. , tried to get the Supreme Court to reverse a lower court ruling that denied it about $5 million in business tax refunds. The company’s argument centered on a 2020 change to New Jersey’s add‑back rules. Those rules say that companies must add
New Jersey is in a tough spot. The upcoming governor election is heating up the debate on business taxes. Some folks think big companies should pay more. Others argue that high taxes are driving businesses away. Right now, New Jersey has a corporate tax rate of 9% for businesses making over $100, 0
The US Senate Finance Committee is set to discuss crypto taxes. This comes right after the Treasury and IRS released some new rules to make things easier for companies dealing with crypto under the Corporate Alternative Minimum Tax (CAMT). The CAMT is a 15% tax on big companies' profits, signed int
Chicago's downtown area was once a hotspot for big companies. United Airlines, Kraft Heinz, and McDonald’s all moved their headquarters there. The city was seen as a great place to be. But that was less than a decade ago. Now, things have changed. The pandemic hit hard, and downtown Chicago hasn't
Ireland has become a magnet for U. S. companies looking to cut their tax bills. Over 970 American firms have set up shop there. Why? Because Ireland rolls out the red carpet for multinationals. This strategy started in the 1980s. Ireland was in an economic slump. Unemployment was high. People were l
The United States tax system is always changing, with Congress regularly reviewing it. The goal is to reward success in the marketplace, which comes from innovation, productivity, and job creation. This is the American way of doing business. It is not a chaotic system; it is a deliberate engine that
The United Nations has a clear stance on human rights. Everyone should have access to basic needs like clean water, healthcare, and education. These rights are essential for a good life. But many people around the world still don't have these basics. One big reason is that governments don't have eno
As lawmakers debate the impending expiration of tax breaks after 2025, the stakes are high for millions of families and small businesses. Enacted by former President Donald Trump in 2017, the Tax Cuts and Jobs Act (TCJA) brought sweeping tax changes, including temporary provisions that will automati
The presidential election is heating up, and with it, the debate over the best economic strategy for America's businesses. Kamala Harris and Donald Trump have both released their plans, promising to slash taxes and boost the economy. But what do these plans really mean for small and big businesses?
It seems we can't agree on anything these days. But one thing that unites a divided nation? The outrage over CEO pay gaps so wide they make the Grand Canyon look like a pothole. A recent survey found that Democrats, independents and Republicans all think businesses should shrink their CEO-to-worker
