07/26/2019
The new treaties/protocols address various topics, including withholding taxes on transactions between US and foreign companies, and taxation of both individual and corporate taxpayers to avoid double tax situations.
07/24/2019
Ireland was the third largest source of repatriated cash, but the value is suppressed because of confidentiality rules in the country, according to the report.
07/21/2019
We now have a new social group -trustafarians- that is created by the forethought of previous generations putting their money in trust.
07/19/2019
Banks have been among the biggest winners under President Trump’s tax law. Wells Fargo said its effective tax rate was just over 17 percent in the second quarter.
07/18/2019
Like US-Spain protocol, all three tax treaty protocols easily cleared the two-thirds vote threshold for ratification.
07/11/2019
“The President has directed that we investigate the effects of this legislation and determine whether it is discriminatory or unreasonable and burdens or restricts United States commerce,” Lighthizer said.
07/04/2019
Foreign banks and their tax lawyers have been fined by the American Internal Revenue Service and by European tax authorities for their involvement in aiding and abetting international tax evasion.
06/27/2019
Overall, there is no evidence that Trump’s tax law spurred U.S. firms to bring intellectual property back home, Setser said, which suggests that the associated profits will continue to flow to overseas affiliates.
06/26/2019
Canada signed the MLI in June 2017 and the Liberals promised in the 2018 federal budget to enact it into Canadian law.
06/20/2019
The report was made public at the same time that CRA revelead that Canadian corporations avoided paying between C$9.4bn and C$11.4bn in taxes in 2014.
06/19/2019
The gap is the biggest in a CRA series of studies
06/14/2019
Despite the search warrants on Wednesday, the CRA said no charges have been laid.
06/14/2019
The Brazil–Uruguay tax treaty represents a change and its negotiation was probably motivated by Brazil´s threat to blacklist Uruguay for tax purposes.
06/10/2019
New York millionaires who relocate to Florida can save more than $1 million in taxes each year.
06/10/2019
The BMA has called on the Government to immediately reform the pensions tax system to prevent more doctors from leaving the NHS.
06/07/2019
Need to catch up on what’s happening in the world of VAT and wider tax updates? Here’s a summary from our global tax team.
06/07/2019
Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue (tax, interest and penalties) for OECD and G20 countries over the
06/05/2019
The U.S. has a lower rating on tax evasion than even the Cayman Islands—and far too many politicians are benefitting.
06/03/2019
Taxpayers have several potential defenses to the accuracy-related penalty depending on the ground upon which the penalty is asserted, including “substantial authority,” “reasonable basis,” adequate disclosure,” “reasona
05/31/2019
Watchdog group accuses the Liberals of covering up the KPMG affair