The Internal Revenue Service has proposed guidance on the new partnership audit regime that promises to make it easier for firms, if not all their partners, but with some extra complications added by the new tax reform law. The new guidance includes advice on how tax adjustments should be treated in
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Mallinckrodt Plc agreed to buy Sucampo Pharmaceuticals Inc. for about $1.2 billion in cash to add a treatment for constipation and experimental medicines targeting rare diseases. Mallinckrodt will begin a tender offer at $18 a share, the companies said in a statement Tuesday. Bloomberg News reported
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Members of the House of Representatives leave for the Christmas break at the U.S. Capitol in Washington, DC on Dec. 21, 2017. Photographer: Mark Wilson/Getty Images. Profound differences between House and Senate Republicans may play as big a role as GOP fights with Democrats on how the
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When the price of oil collapsed in 2014 and disrupted drilling operations all across Texas's massive Permian Basin shale formation, truckers were among those hardest hit. Rendered unnecessary by the slump in output, they were fired in scores. Now, three years later, with oil prices inching back higher
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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. To contact the author of this story: Tyler Cowen at tcowen2@bloomberg.net. To contact the editor responsible for this story: Philip Gray at philipgray@bloomberg.net. Before it's here, it's on the
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