Last November IRS has issued the 2009 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Paul L. Caron, who is the Associate Dean of Faculty at the University of Cincinnati College of Law, presents 15 Tax Professors, who offer their thoughts on tax cut policy in the new Obama-Biden Administration. How will your business and income tax possibly look like under Barack Obama's administration.

Study shows that higher tax rates discourage growth and expansion of small businesses.

In addition to providing stimulus payments to individuals, the Economic Stimulus Act of 2008 provides incentives to businesses. These incentives include a special 50-percent depreciation allowance for 2008 purchases and an increase in the small business expensing limitation for tax years beginning in 2008.

Although the Economic Stimulus Act of 2008 is best (and most expensively) known for providing tax rebates for lower and middle income persons, businesses also received some tax benefits in terms of accelerated write-offs for new equipment purchases. Here are the details.

A new study has compared Swedish taxes with the rest of the world, which shows high taxes in Sweden.

Former Treasury Secretary Lawrence Summers called for a "comprehensive'' overhaul of U.S. corporate taxes to counter slowing revenue from business levies, Bloomberg News reported Tuesday.

CBI Director-General Richard Lambert today (Monday) launched a new Tax Task Force to examine whether the UK's corporate tax regime is still fit for purpose and to make recommendations for future policy.