WASHINGTON (Reuters) - As the Obama Administration seeks backing for a tax on banks' lucrative pay packages, the Internal Revenue Service has been stepping up its oversight of executive pay through its auditing and other powers. President Barack Obama needs the U.S. Congress to help him pass the 10-year $90 billion tax on bank executive compensation, but the tax agency ...

Two ex-partners of the accounting firm Ernst & Young each have been sentenced in New York to more than 1 1/2 years in prison, the second set of former partners of the firm to be sentenced in as many days. Richard ...

Ohio Republican gubernatorial candidate John Kasich chose some unlikely ammunition last week to attack the lagging state economy under Gov. Ted Strickland: a tax code overhaul written by fellow Republicans. "I think they did their best and it just wasn't enough," Kasich said during his first formal ...

WASHINGTON (Reuters) - Half of U.S. states will lose about $500 million in revenue next year because of a federal tax break for corporations on profits from a variety of activities, including food processing and software development, according to a new study. The "domestic production deduction" was added to the federal tax code in 2004, according to the liberal-leaning Center ...