Richard Rubin

Business November 5, 2014

IRS chief claims progress in stopping tax refund identity theft

The crime of stealing tax refunds through identity theft is “no longer exploding,” U.S. Internal Revenue Service Commissioner John Koskinen said Tuesday.

Business October 29, 2014

Lawmakers said to discuss post-election deal to lock in tax cuts

Some U.S. lawmakers are exploring a post-election deal that would lock in permanent tax cuts for major corporations and low-income families.

Business September 24, 2014

Treasury issues rules in inversion crackdown

Treasury Secretary Jacob J. Lew’s announcement of new rules to crackdown on inversions will get an immediate test as eight U.S. companies with pending deals decide whether to proceed – and other companies contemplating a foreign address now have to think twice.

Business September 15, 2014

Cry for tax-code revamp stalls bid to curb inversions

Republicans and business allies such as House Ways and Means Chairman Dave Camp and the U.S. Chamber of Commerce say they know the way to stop companies from changing addresses to cut their tax bills: Reform the tax code.

Business August 7, 2014

Treasury Dept. examines how to curb inversions after last month’s dismissal

The U.S. Treasury Department is examining unilateral actions to curb corporate inversions, reversing its position that only Congress has the authority to stop or slow the deals.

Business July 31, 2014

Senate Republicans block U.S. tax plan to slow outsourcing

Senate Republicans halted a Democratic measure that would limit tax breaks for companies that outsource jobs and operations from the U.S.

Business July 23, 2014

Senator’s conditions on inversion law highlight partisan gap

Legislation to deter U.S. companies from moving their addresses overseas should avoid retroactive taxes, prevent a net tax increase and move toward a revamp of the tax code, Sen. Orrin Hatch of Utah said Tuesday.

Business June 19, 2014

IRS eases rules for taxpayers to disclose offshore accounts

The Internal Revenue Service is making it easier for some U.S. taxpayers to disclose offshore accounts.

Business June 18, 2014

Republicans demand answers from IRS on missing Lerner email

Congressional Republicans are demanding answers from the U.S. Internal Revenue Service after the agency lost more than two years of e-mails requested by lawmakers.

Business June 13, 2014

House votes to give small businesses quicker tax writeoffs

Small businesses would be able to write off capital purchases more quickly under a $73.1 billion tax reduction passed Thursday by the U.S. House of Representatives.

Business June 10, 2014

Repatriation tax break costs $96 Billion, estimate says

A temporary tax holiday for U.S. companies to repatriate offshore profits would cost the government $95.8 billion in revenue over the next decade, according to the Joint Committee on Taxation, a nonpartisan scorekeeper for Congress.

Business May 30, 2014

House panel backs $287 billion tax cut for industry

The U.S. House Ways and Means Committee voted to let companies write off more than half the cost of some investments immediately, providing a $287 billion tax cut to capital-intensive industries.