COSO releases updated enterprise risk management framework

The Committee of Sponsoring Organizations of the Treadway Commission released a long-awaited update Wednesday to its ERM Framework: Enterprise Risk Management–Integrating with Strategy and Performance, the first since 2004.


House passes bill to curb IRS asset seizures

The House unanimously approved a bill late Tuesday to discourage the Internal Revenue Service from using civil asset forfeitures to seize money and property from taxpayers.


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Football champs and CEOs alike sidestep taxes with private jets

When the Super Bowl champion New England Patriots take their first road trip later this month, players like quarterback Tom Brady will be setting the standard for comfort and legroom on the team’s new private wide-body jet.


Former House tax chief says overhaul unlikely to happen in 2017

Dave Camp, the former head of Congress’s tax-writing House Ways and Means Committee, said he doesn’t think a revamp of the U.S. tax code will happen this year.


Freedom Caucus demands tax details from Republican leaders

Leaders of the conservative House Freedom Caucus are frustrated that Republican leaders haven’t yet released details of their tax overhaul plans, saying they’re concerned that time is running out to deliver on their promise of a revamp.


Taking foreign income into account for taxes

Over the past decade, the U.S. government has become much more interested in the ownership of foreign financial accounts.


Summers says Trump tax plan won’t do much to boost U.S. economy

The Trump administration’s tax overhaul plan bears little resemblance to the reform efforts of the 1980s and wouldn’t do much to boost U.S. economic growth, former Treasury Secretary Lawrence Summers said.


Trump adds Democrat to tax roadshow with a seat on Air Force One

President Donald Trump will bring his pitch to overhaul the tax code to North Dakota on Wednesday with an unlikely guest in tow: the state’s Democratic senator, Heidi Heitkamp.


Liberty Tax ousts John Hewitt as chairman and CEO

Liberty Tax said Wednesday its board terminated founder John Hewitt as the tax preparation chain’s chairman and CEO on Tuesday.