Michael Rapoport
@rapoportmike
Senior reporter @tax. Ex-@WSJ. #TaxTwitter. #Mets, @springsteen, movies, comics fan. Tweets are my opinions, not endorsements. [email protected]
ID: 626788014
http://news.bloombergtax.com 04-07-2012 19:14:09
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Coca-Cola has reserved for only a small amount of its potential $16 billion IRS bill - and it's not alone. My Bloomberg Tax deep dive into how some companies don't have enough reserves for what they may owe, and what it may mean for investors. Bloomberg Tax news.bloombergtax.com/daily-tax-repo…
New by me, from Bloomberg Tax: Business groups are pushing back against Donald Trump's plan to use other countries' value-added taxes as a reason to slam them with US tariffs. Bloomberg Tax news.bloombergtax.com/daily-tax-repo…
A long-awaited court ruling in Facebook's battle against the IRS favored the government, but there's a win in it for the company too: It may pay much less than it would have otherwise. My latest for Bloomberg Tax, with my colleague Caleb Harshberger. Bloomberg Tax news.bloombergtax.com/daily-tax-repo…
A small bit of the big House tax bill you probably didn't know about: It gets tougher on "disguised sales," which the IRS says partnerships use to avoid taxes. My story for Bloomberg Tax with my colleague Chris Cioffi. Bloomberg Tax news.bloombergtax.com/daily-tax-repo…
In time, the House's retaliatory-tax plan is projected to start LOSING money. Some tax experts say that means the plan will prompt foreign companies to slash US operations - costing US jobs and hurting economic growth. My latest for Bloomberg Tax. Bloomberg Tax news.bloombergtax.com/daily-tax-repo…

NEW: Trump ‘Revenge’ Tax Would Cut Foreign Investment in US, Congress's Official Scorekeeper Says Michael Rapoport Liz Capo McCormick & Emily Birnbaum via Bloomberg Gift Link: bloomberg.com/news/articles/…
In case you want to know more about the "revenge" tax provision in the big congressional tax bill that has a lot of people concerned, I talk about it here on Bloomberg Tax's Talking Tax podcast. Bloomberg Tax news.bloombergtax.com/daily-tax-repo…
Yum! Brands, the giant restaurant company, is suing the IRS over a $4 billion tax bill on corporate-reorganization transations that the company contends should be tax-free. My story for Bloomberg Tax. Bloomberg Tax news.bloombergtax.com/daily-tax-repo…
Companies like Honda Motor and BP seem likely candidates to be hit by the "revenge tax" that's in Congress's tax bill: They've invested heavily in US operations and they hail from nations vulnerable to the revenge tax. My latest for Bloomberg Tax. Bloomberg Tax news.bloombergtax.com/daily-tax-repo…
Big companies just got a long-sought tax break on their interest payments. Because of the recent tax bill, less of their interest will be taxable - saving millions a year for manufacturers, telecoms, and drug makers. My latest for Bloomberg Tax. Bloomberg Tax news.bloombergtax.com/daily-tax-repo…
Some giant companies like Alphabet, Microsoft and Pfizer stand to reap billions of dollars in tax savings from a change in how R&D costs are handled - a change that corporate America lobbied hard for. My latest for Bloomberg Tax. Bloomberg Tax news.bloombergtax.com/daily-tax-repo…