Essential reading: Looming capital gains tax hike motivates owners to sell, and more

A looming increase in the capital-gains tax rate next year is fueling sales of some privately-held businesses. Many business owners—mostly founders who could gain a lot from a sale—are looking to close deals before next year, when the maximum tax on investment income is scheduled to rise from 15 percent currently to at least 23.8 percent on most capital gains, at least for higher-income households. Many sellers intend to convert their equity into retirement funds or just start anew. Continue reading

Essential reading: Google and Starbucks face tax questions in the UK, and more

Welcome to the top tax and accounting headlines from Reuters and other sources.   * Google and Starbucks face tax questions. Jim Pickard and Vanessa Houlder – The Financial Times Continue reading