Ireland’s Finance Minister Paschal Donohoe predicted that world leaders will agree on a global tax accord that includes a minimum corporate rate, signaling that his country, a holdout for now, may accept an eventual compromise.
Companies paid about $1.8 billion in additional U.S. taxes in the first year after the 2017 tax overhaul because of a provision intended to deter them from shifting profits overseas, according to IRS data released this week.
Big Law sorely needs more associates to handle an avalanche of work, but just can’t seem to hold on to them. An analysis of Vault rankings and recent hiring data indicates the most “prestigious” Big Law brands seem to be drawing more associates than the firms rated highest for quality of life.
Tax incentives for research and development reduce companies’ effective tax rates by an average of 8.8 percentage points among countries where they’re used, according to an OECD working paper released Thursday.