Burger King grabbed headlines a while back when it announced it will be joining with the iconic Canadian chain Tim Hortons and moving its headquarters to the north. Burger King has long been a staple in the American tradition of … Continue reading
Corporate income taxes continue to be a hot topic in the news, especially with the recent controversy surrounding inversions. At the center of many of these debates are the foreign earnings that multinational companies claim to be indefinitely reinvested. Such … Continue reading
Taxes, as always, are on the minds of executives and lawmakers alike. Several months ago much of the discussion surrounded Indefinitely Reinvested Foreign Earnings, which was covered by Audit Analytics here. Lately the conversation has switched, and corporate inversions are all over … Continue reading
A Spotlight on Permanently Reinvested Foreign Earnings Early this morning, the Permanent Subcommittee on Investigations of the Department of Homeland Security will hold a hearing on “Caterpillar’s Offshore Tax Strategy”. The purpose of the hearing is to examine the “structures and methods employed … Continue reading
In his State of the Union address early last week, President Obama indicated that he wants to bring indefinitely reinvested foreign earnings back, to be invested in American operations. So let’s make that decision easier for more companies. Both Democrats and … Continue reading
Last Friday, the Wall Street Journal published an interesting piece from Emily Chasan about the SEC, taxes and comment letters. In that article, Ms. Chasan reported that the SEC grilled a number of companies on their disclosures regarding the possible … Continue reading
Emily Chasan of the CFO Journal recently reported that investors are being warned about the impending expiration of the longstanding research and development (R&D) tax credit. We put together a brief analysis of average effective tax rates, comparing companies with R&D … Continue reading