Grant Thornton

The Tax Cuts and Jobs Act has companies facing the unusual problem of what to do with their extra money.

The name that Republican tax writers gave to a new, multibillion-dollar business levy implies that it targets foreign earnings from “intangible” intellectual property—hitting tech firms and drugmakers like Apple Inc. and Pfizer Inc.

As 2017 draws to a close, the uncertain tax and legislative environment means that year-end tax planning is more important than usual. To help individuals and businesses prepare for filing season, Grant Thornton LLP has some tips.

Senate Republicans tucked some multibillion-dollar tax increases for corporations into the 515-page tax bill they released this week—spring-loaded hikes that would begin after 2024 if the economy doesn’t grow as fast as GOP lawmakers have promised.

Bloomberg BNA and Grant Thornton LLP are combining their expertise to help organizations understand the tax and regulatory changes on the horizon.

Taking a cue from the failed Repeal and Replace healthcare process, the Trump administration Wednesday released a broad outline of its tax reform plan, with many details to be spelled out in legislative form during negotiations with Congress.

As lawmakers in Congress mull the real possibility of a tax overhaul, various proposals are being debated before legislation is introduced.

GT has issued a set of predictions for 2017, including how states will be taxing online purchases and dealing with budget shortfalls.