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US Has World’s Third-Highest Corporate Tax Rate

Not only does the United States retain the dubious distinction of having the highest corporate tax rate in the Organisation for Economic Cooperation and Development country grouping, it now has the third-highest rate of corporate tax in the world, according to the Tax Foundation. The non-partisan tax policy think tank said in an article published

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IRS Testing New Program to Fight Tax Fraud

The Internal Revenue Service is testing a new Return Review Program to help identify instances of tax return fraud, but the security of the system needs improvement, according to a new government report. The report, publicly released Tuesday by the Treasury Inspector General for Tax Administration, said the IRS chartered the initiation of the Return

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