Business Tax Briefs: Duke Energy, EY Deal; Retailers Unhappy

Duke Energy Corp. and Ernst & Young LLP are partnering to help the utility handle tax issues; and the National Federation of Retailers wants the Internal Revenue Service to address the tax law’s qualified improvement property glitch.

Duke Energy, EY Team Up

EY is lending Duke Energy a hand in navigating “the highly-dynamic tax and regulatory environment,” according to an Aug. 6 news release from both companies.

The arrangement follows a similar deal between General Electric Co. and PricewaterhouseCoopers LLP, another member of the Big Four accounting firms, which announced in January 2017 that it would hire ...