News

The Treasury Department has released new rules to make it harder for companies to move their tax addresses overseas by merging with foreign businesses. The rules take aim at a tactic called “stuffing,” in which a foreign company is made […]

Treasury Secretary Jack Lew said in a letter to lawmakers that the agency will release guidance this week meant to “reduce further the economic benefits of corporate inversions.” A source said the guidance would address so-called earnings stripping, a process […]

Securities and Exchange Commission Chief Accountant James Schnurr is recommending that US companies be allowed to use International Financial Reporting Standards as an add-on to their main financial statements. Schnurr said the idea will have to go through an economic […]

The Department of Labor has proposed a rule that would permit the automatic enrollment of employees in state-sponsored IRA programs with payroll deductions. Workers must be able to opt out, however. The Obama administration hopes to encourage other states to […]

Ninety-two percent of the private economists surveyed by The Wall Street Journal believe the Federal Reserve will start raising interest rates at the policy meeting to be held on Dec. 15-16. In recent comments, Federal Reserve officials have suggested they […]

A final Labor Department rule expanding overtime eligibility probably won’t come about until late next year, Solicitor of Labor Patricia Smith revealed at a panel discussion. The department has proposed raising the salary limit for overtime eligibility to $50,400, up […]

Workers who have switched jobs are being rewarded with higher pay, according to the ADP Research Institute’s Workforce Vitality Report. Employees in the same positions they were in last year are earning an average of 3.5% more. People who changed […]

Over half of clients underestimate their retirement expenses and the amount of money they’ll need to retire, a recent survey of CPA financial planners found. Over three-quarters of respondents said overspending was a key reason clients need to change their […]

Another data point in US Federal Reserve interest-rate thinking emerged with remarks by San Francisco Fed President John Williams, who said the decision to hold rates steady was a “close call” even at the Fed’s October meeting. However, Williams tempered […]