Photograph of skyscrapers with glass windows from the ground facing up to a blue sky
Stock Exchange on Wall St. Close up Signs

New Excise Tax Targets Stock Buybacks

Stock Exchange on Wall St. Close up Signs

As would be expected for legislation with the sweeping scope of the recently passed Inflation Reduction Act, getting enough politicians to vote “yes” required an array of compromises and sweeteners. One of the most important revenue generat...

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Wide shot of a cargo ship at sea, friend shoring

Yellen Sees Friend-Shoring as Supply-Chain Fortifier

Wide shot of a cargo ship at sea, friend shoring

“Friend-shoring.” No, it’s not a spinoff of the classic sitcom that entertained television audiences for 10 seasons – and still exists on digital platforms – with scenes from six twentysomethings’ comedic mishaps and romantic entanglements....

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People celebrating with hands raised

Sarbanes-Oxley Turns 20

People celebrating with hands raised

Audiences were packing multiplexes across the country to see “Spider-Man” – the Tobey Maguire one, not Tom Holland’s subsequent version. Temperatures were rising outside and in the dance clubs, courtesy of rapper Nelly and his chart-topping...

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FASB: A New Hope for Raising Corporate Taxes

FASB: A New Hope for Raising Corporate Taxes

FASB: A New Hope for Raising Corporate Taxes

It makes for a splashy headline every year after watchdog groups get a chance to comb through corporate financial statements: “[INSERT NAMES OF BIG CORPORATIONS] Paid No Taxes in [INSERT LAST YEAR].” For example, the Institute on Taxation a...

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Outdated firepower meets excessive executive salaries

As Executive Compensation Booms, Closer Scrutiny Looms

Outdated firepower meets excessive executive salaries

Stop us if you’ve heard this one before, but corporate CEOs made a lot of money last year. According to a new report from the AFL-CIO, the chief executives of companies in the S&P 500 earned an average of $18.3 million in total compensa...

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