Tax Reform

Apple & Pfizer to face ‘atomic bomb’ in tax bill, here’s how

Multinational companies such as Apple Inc. (NASDAQ:AAPL), Pfizer Inc. (NYSE:PFE) and Ford (NYSE:F), could face a new 20% tax on payments they make to offshore affiliates, a development that Ernst & Young’s Ray Beeman is calling an “atomic bomb in the draft.”

Apple & Pfizer to face ‘atomic bomb’ in tax bill, here’s how

Multinational companies such as Apple Inc. (NASDAQ:AAPL), Pfizer Inc. (NYSE:PFE) and Ford (NYSE:F), could face a new 20% tax on payments they make to offshore affiliates, a development that Ernst & Young’s Ray Beeman is calling an “atomic bomb in the draft.”

Republican tax plans gain speed; Fitch warns on deficit

Republicans in the U.S. House of Representatives forged ahead on Tuesday with legislation to reshape the federal tax code, while a top credit-ratings agency said the bill would balloon the budget deficit and give only a temporary boost to the economy.

Republican tax plans gain speed; Fitch warns on deficit

Republicans in the U.S. House of Representatives forged ahead on Tuesday with legislation to reshape the federal tax code, while a top credit-ratings agency said the bill would balloon the budget deficit and give only a temporary boost to the economy.