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Former Sens. Bob Packwood and Bill Bradley, both of whom played key roles in the 1986 tax code overhaul, testified before the Senate Finance Committee about the lessons they learned and how lawmakers should now proceed. “The only way it […]

Some familiar risks are top-of-mind for executives and board members, and new concerns are emerging as well, according to survey results released Monday.

The U.S. trade deficit shot up 17.1% to $46.6 billion in December, the biggest shortfall since November 2012, the Commerce Department said. The U.S. dollar’s rising value depressed exports by making them more expensive and stimulated imports by making them […]

The House Ways and Means Committee moved forward with reviving six tax breaks that lapsed at the end of 2014. “We’ve all been down this road so many times — retroactive extensions, uncertainty,” said Rep. Paul Ryan, R-Wis., chairman of […]

Cybercriminals have launched attacks on at least 88% of U.S. brokerages and 74% of advisers, the Securities and Exchange Commission said in a report. Most of the attacks came as fraudulent email messages requesting the transfer of clients’ funds, the […]

President Barack Obama’s $4 trillion budget proposal includes tax increases that have little hope of passage by a Republican Congress, but it also contains initiatives that have long been priorities for GOP leaders. Many agree with Obama on a need […]

President Barack Obama plans to ask Congress to tax U.S. corporate profit accumulated overseas to pay for a $478 billion public works program. Under the proposal, an estimated $2.1 trillion that multinationals have amassed in profit abroad would be taxed […]

The International Monetary Fund reduced its forecast for global economic growth in 2015 to 3.5%, from 3.8%, blaming “investment weakness” for a slowdown in advanced emerging markets, such as Brazil.

President Barack Obama is proposing tax increases for the richest Americans to pay for proposed tax breaks for couples who both earn and increased tax credits for child care and higher education. The proposals would increase the top capital gains […]