Taxes October 21, 2026
Mayor Brandon Johnson will again propose Chicago hit big corporations with an employee head tax—with an exemption in less wealthy parts of the city—when he unveils his budget proposal Wednesday.
Taxes September 28, 2026
A majority of City Council members came out Monday in opposition to Mayor Brandon Johnson potentially taking another go at a corporate employee head tax in the upcoming 2027 budget.
Taxes June 18, 2026
If accepted by Gov. Gavin Newsom, the state Department of Finance will be required to draft plans for lawmakers to tax corporations whose employees depend on Medi-Cal for health insurance coverage.
Taxes June 11, 2026
The tax increase with the most momentum is one that is likely to fall largely on everyday Californians in the form of increased costs for private health insurance monthly premiums.
Taxes May 22, 2026
Senior corporate tax leaders recently surveyed by the top 10 accounting firm identify the inability to keep up with changing regulatory requirements as the greatest source of tax risk in the next 12 months, cited by 30% of respondents.
Taxes March 10, 2026
A budget battle is unfolding in Albany as state lawmakers in their budget proposals unveiled a push for tax hikes on both wealthy individuals and corporations to supply New York City with more money.
Taxes January 28, 2026
New York City Mayor Zohran Mamdani lambasted former Mayor Eric Adams for a “fiscal crisis” on Wednesday, laying the blame on Adams for a budget gap that could exceed $12 billion.
Taxes January 21, 2026
Facing a potential $12 billion budget gap, New York City Mayor Zohran Mamdani indicated Jan. 21 he may push Gov. Kathy Hochul in budget negotiations to include tax hikes on millionaires and corporations.
Technology January 14, 2026
Armanino said Wednesday it has launched TaxAdvantage, which the top 20 accounting firm said is a one-stop technology platform designed to solve the pain points of corporate tax management.
Taxes December 17, 2025
The Chicago City Council opposes the so-called head tax, which the city's former mayor, Rahm Emanuel, once called a “job killer.”
Taxes December 9, 2025
Mayor Brandon Johnson proposed a new version of his head tax Tuesday, now pushing a $33-per-employee monthly tax on companies with over 500 Chicago employees.
Taxes December 4, 2025
Sen. Elizabeth Warren and Rep. Donald S. Beyer Jr. are leading opposition to a potential regulatory carve-out from a new minimum tax on corporate profits that critics say could generate an unjustified windfall for big companies.