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Prospects for U.S. Corporate Tax Reform: Deferral Clouds the Picture


The last major overhaul of the U.S. corporate tax system was the Tax Reform Act of 1986, which reduced the top corporate tax rate from 46% to 34%. Since then, the tax rate has remained relatively unchanged. In sharp contrast, the corporate tax rates of other developed nations have declined substantially.

Full Story



Essentials
Publisher's Column
Perspectives

Sale of Private Company Stock to Employees and Other Parties

Accountants often assist closely held corporations (and their owners) with the planning, negotiation, and execution of the sale of company stock. CPAs often assist a closely held company with the taxation, structuring, financial planning, valuation, and other aspects of the stock sale transaction. Full Story

A Fresh Look at
Our Business Climate

As we head into what promises to be a lively election season, “business friendly” has become a popular phrase—meaning that New York State government fosters an
environment that helps business owners, and, by extension, their employees, which, in turn, benefits the entire state. The phrase, however, is used so much we often don’t stop to consider the details of what it means to be business
friendly. Full Story

Taming the Too-Big-to-Fails: Will Dodd-Frank Be the Ticket?

The following is an edited transcript of Richard W. Fisher’s remarks before Columbia University’s Politics and Business Club on November 15, 2011. The views expressed are his own. Today, I will speak to the issue of depository institutions considered “too big to fail” and “systemically important.” Full Story



The CPA Journal is broadly recognized as an outstanding, technical-refereed publication aimed at practitioners, educators, regulators, and other financial professionals. Our goal is to provide the Journal’s readers with insight and analysis on developments in the areas of accounting, auditing, taxation, finance, management, technology, and professional ethics.

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