Taxes November 10, 2025
Having already failed to deliver other key tenets of his ambitious tax-the-rich wish list, the head tax is a watershed moment for Johnson and his allies.
Taxes November 5, 2025
Illinois lawmakers are sending a bill to Gov. JB Pritzker that makes a pair of changes to Illinois’ tax code in response to new federal tax provisions that could reduce state revenue.
Taxes November 4, 2025
What began as a modest incentive meant to foster economic development in a nascent field became a billion-dollar windfall of questionable effectiveness. The tax breaks are now expired, but participating companies continue to benefit to this day.
Taxes November 3, 2025
The 28 aldermen said they were “gravely concerned” about what Mayor Brandon Johnson’s pitch for a monthly $21-per-employee tax on larger companies would do for job growth and businesses leaving Chicago.
Taxes October 21, 2025
Pritzker has come out in opposition to the reinstated $21-per-employee “head tax” on larger businesses that Chicago Mayor Brandon Johnson has proposed to raise an estimated $100 million to help balance the city's budget.
Taxes October 17, 2025
After a bold corporate payroll tax hit legal snags, Brandon Johnson pitched his $21-per-employee tax on corporations as the next frontier in his largely-stalled economic agenda.
Taxes September 3, 2025
The Treasury Department and the IRS issued a notice on Aug. 19 proposing to tweak rules that currently "may serve as an impediment to publicly traded foreign corporations redomiciling into the United States."
Taxes August 27, 2025
The Treasury Department and the IRS said Aug. 20 that they intend to issue proposed regulations withdrawing the DPL rules and related modifications to the dual consolidated loss rules that were finalized toward the end of the Biden administration.
Taxes August 11, 2025
A new BDO USA survey reveals how tax executives have evolved into business strategists on policy changes, tech innovation, and rising business complexity.
Taxes July 29, 2025
Mayor Brandon Johnson on Tuesday pointed to a handful of tax-the-rich options he might consider to balance Chicago’s next budget, among them a corporate head tax.