Tax Reform

The Republican Party passed sweeping tax reform last week, which is largely expected to boost the U.S. economy through several business-friendly initiatives, but one prominent senator thinks the bill may go a little too far in helping America’s biggest corporations.

After Republicans scored their first major legislative victory with a tax reform bill passed just before the end of 2017, the Trump administration has started looking ahead to next year’s legislative docket.

Goldman Sachs said on Friday it expects fourth-quarter earnings to decrease by about $5 billion due to the new U.S. tax law signed by President Donald Trump last week.

China is responding to Washington's tax overhaul by offering foreign companies a break on Chinese taxes in a bid to retain investment.

From improved holiday retail numbers to dropping unemployment rates, the year-end economic data looks pretty arousing.

Americans scrambling to prepay 2018 state and local taxes before year end may not get the federal deductions they hoped for, but that did not slow the rush on Thursday in some of the nation's highest-taxed municipalities.

Republicans have touted their tax reform bill as a clear win for U.S. businesses, and while that might ring true for those that stand to pay a much lower corporate tax rate, the benefits for America’s small businesses are a little more complicated to decipher.

White House officials told FOX Business on Thursday that the president will likely roll out his infrastructure principles next month, leading up to the State of the Union address.

Aflac is the latest company to increase employee’s wallet size by increasing employee retirement accounts, and lowering health care costs thanks to tax reform passage.

The U.S. Internal Revenue Service on Wednesday advised homeowners who are rushing to prepay their 2018 property taxes before a law signed by President Donald Trump takes effect next year that the payment may not be tax-deductible.

President Donald Trump has been calling for Congress to “drain the swamp” of corporate lobbyists since the start of his administration but lawmakers who crafted the tax reform bill seem to have ignored his calls for change.

Homeowners are lining up in droves at local tax collection offices, hoping for one last chance to take advantage of a major tax deduction before it is wiped out in the new year.

The jumbo-mortgage market has been a bright spot for the banking industry in recent years. The tax law could take some of the shine off it.

Craft breweries are raising a glass to the Republicans’ new tax overhaul: It cuts the excise tax on beer.

Now that the GOP has passed its sweeping tax reform legislation, which is expected to alter tax rates for millions of Americans, it may not be too long before some employees see those changes reflected in their paychecks.

The survival of a controversial tax loophole that helps the private equity business save billions began with an intense lobbying effort by the industry and ended–at least according to some Washington insiders–with an attempted compromise brokered by an unlikely source, the FOX Business Network has learned.

Tax expert offers tips for getting the most out of President Trump’s new tax reform plan.

Bank of America is giving $1,000 bonuses tied to the tax-overhaul bill to more than half of its employees, making the bank the latest company to announce such a perk since the legislation passed this week.

U.S. President Donald Trump signed Republicans' massive $1.5 trillion tax overhaul into law on Friday, cementing the biggest legislative victory of his first year in office, and also approved a short-term spending bill that averts a possible government shutdown.

Both candidates in the 2012 presidential election ran on a corporate tax cut. Five years later, a unified Republican government made that a reality, and a bipartisan idea has turned into a deeply partisan brawl.