CORPORATE TAX: Blogger John Cummings supplies the Business Finance community with reporting and commentary on corporate tax related issues. Cummings is the managing editor of Business Finance magazine.
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Many companies are adopting a new low-cost finance model, which means financial professionals' jobs may be at risk. Here are three ways to show your CFO that you're a valuable resource.
Department of Energy CFO Steve Isakowitz isn't constrained by a tight budget like many CFOs. Instead he's been given a unique challenge: he must spend billions of dollars quickly to create jobs.
It has been almost a year since we last caught up with UPS CFO Kurt Kuehn and asked him to reflect on the remarkable challenges and opportunities that the recession has brought forth. Twelve months later, Kuehn has plenty to say concerning his organization’s new “ultimate flexible budget” and its “zero-based” tolerance for extra cost.
Around the country, states are considering taxes on sugar-sweetened drinks and junk food. Would a tax actually improve people's health? Here are two conflicting reports.
BNY Mellon Asset Management CFO Steve Lipiner provides a look at how the firm's finance organization operates and lessons he's learned over the past 18 months in this interview with Business Finance editor in chief Jack Sweeney.
Florida lawmaker Stephen Precourt has introduced a bill that offers a $75 million tax incentive package for companies that put out productions that are "family-friendly." Movies that portray "nontraditional family values" will not be eligible for the tax break.
Here's some worrying tax news: the average sales tax rate hit a 28-year high in 2009, according to corporate tax solutions provider Vertex, and it shows no sign of dropping. To top it off, Vertex found that tax authorities are levying more and more new sales and use taxes -- an average of 263 per year.
The finance function has finally become a participant in strategic discussions as companies work toward recovery, but it may not last, says UPS CFO Kurt Kuehn. The challenge, according to Kuehn, is for finance to remain relevant.
BNY Mellon Asset Management is going through a transformation, says the firm's CFO Steve Lipiner. Recent changes include establishing accounting utilities in lower cost locations and deleveraging its balance sheet so the asset management finance team can again concentrate on growing the firm's investment boutiques.
In tight times, people often open their eyes to new money-making opportunities. The IRS has long offered cash for turning in tax cheaters, and now more people are taking advantage of the whistle-blower rewards program.