03/10/2022
The draft convention would bring transparency to the estimated $10 trillion held offshore anonymously by wealthy individuals and the $1 trillion in profit shifted by multinational corporations across borders every year.
02/11/2022
In essence, this staking process lets validators use tokens they already have (and a relatively small amount of computing power) to obtain additional tokens.
02/04/2022
Companies must be prepared to respond to the increasing pressure for tax transparency. At a minimum, this preparation enables the company to control its tax narrative.
01/26/2022
The maximum gift and estate tax rate remains at 40% of the fair market value of the relevant assets.
01/26/2022
This is because, for US tax purposes, gain on the sale of property is generally treated as tax-free foreign source gain in the hands of a foreign seller.
01/21/2022
In particular, the Final Regulations adopt a new “attribution requirement” (Attribution Requirement) that restricts the availability of FTCs to foreign taxes that the Treasury and the IRS consider to be similar to US taxes.
01/14/2022
North America recorded 15% revenue growth, with consulting services growing by a blistering 50% in 2021. RSM’s Europe and Africa regions also had 15% revenue increases, while the Middle East grew 23%, Asia grew 20%, and Latin America grew 11%.
01/03/2022
The Democratic senator had accused him of “freeloading” over taxes after he was named Time’s Person of the Year, and Musk snapped back by calling Warren “Senator Karen.”
12/28/2021
Agency lost several big court battles in 2021
12/27/2021
The ever-shifting bill and the byzantine machinations that are being employed to potentially push it through with a slim Democratic majority has already experienced enough twists and turns to make it look like something out of a Hollywood movie.
12/21/2021
Though many of Democrats’ more radical tax proposals were scaled back or dropped in negotiations, the bill would be “a meaningful step for reducing inequality,” said Carl Davis
12/21/2021
An oligarch, a dictator’s aide and a beverage tycoon turned to America’s least populated state to shelter assets, the Pandora Papers show.
12/21/2021
Prime Minister Justin Trudeau last August 24 said a re-elected Liberal cabinet would legislate an outright ban on new foreign purchases of Canadian real estate for at least two years.
12/17/2021
Burton also agreed with Republicans that small businesses and farms use trusts for legitimate planning purposes.
12/15/2021
Santiago Acosta Ormaechea and Samuel Pienknagura Loor Western Hemisphere Department
12/08/2021
In its efforts to shed its decades-long reputation as a center for tax avoidance and money laundering, the country is embracing transparency.
12/05/2021
One other charitable provision from 2020 that has been extended for 2021 is the $300 above the line charitable deduction for taxpayers who do not itemize.
11/26/2021
The acquisition expands RSM Canada’s growing credits and incentives practice
11/23/2021
The summary below describes provisions in the House-passed bill that are most likely to affect individual taxpayers and also discusses portions of the original proposal that were cut from the legislation that passed the House.
11/14/2021
Investments in qualified opportunity funds (QOFs) offer a number of distinct tax benefits