Treasury further weakens corporate alternative minimum tax
The Treasury Department released interim guidance on the corporate AMT, further restricting the reach of the 15% tax on billion-dollar corporations.

US companies pay more taxes abroad than here
The Financial Accounting Standards Board's recent income tax disclosure standard is revealing that many prominent U.S. multinationals are paying far more corporate taxes in other countries than at home, according to a new analysis.

Fewer taxpayers trust AI for tax prep
While most taxpayers tend to procrastinate on doing their taxes, they're even more hesitant to trust artificial intelligence to do their taxes for them.

Foreign funding of higher education exposes new risks
Federal attention to foreign influence in higher education has intensified.

AI connected to slightly more hiring, but growth favors older workers with less exposure
Payroll data from Gusto finds that small businesses that use AI more tend to hire slightly more people, but this does not necessarily favor younger people in their early career, or those in heavily AI-exposed occupations.

Japan accounting group seeks to ease insurer bond loss rule
A Japanese accounting group is seeking to ease rules on how life insurers book paper losses on government bonds, a move that would provide a relief for the major holders of the nation's debt.

NYC mayor threatens property tax hike as last resort option
New York City Mayor Zohran Mamdani has thrown down an ultimatum, threatening to raise property taxes by nearly 10%.

34% of internal auditors unsure if they were targets of AI-enabled fraud
AI-enabled fraud has become so sophisticated more than one-third of senior internal audit leaders aren't even sure whether or not their organizations have been the targets of any attempts.

Sage announces new insights, automation for Intacct
Sage announced the latest version of its Sage Intacct solution, which now features AI agents for finance intelligence and data imports.

Mamdani plans to hike NYC property tax
New York City Mayor Zohran Mamdani is proposing raising New York City's property taxes for the first time in more than two decades.