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Chippewa Lawyer Not Exempt From Taxes, 8th Circ. Says

by usoftax_admin | Jul 19, 2024 | Tax News

The Eighth Circuit said Friday that an attorney who belongs to the Minnesota Chippewa Tribe is not exempt from federal taxes on his self-employment income, saying no treaty or statute specifically allows Native Americans to skirt the tax.

Australian tax associations call for removal of new ethical obligations

by usoftax_admin | Jul 19, 2024 | Tax News

New requirements for advisers to inform clients of any relevant matters that might impact their relationship have raised concerns from a raft of professional bodies

This week in tax: PwC China to slash payouts and lose clients, reports say

by usoftax_admin | Jul 19, 2024 | Tax News

The fallout from PwC China’s Evergrande audit has reportedly hit the firm hard; in other news, the US and Turkey look to reform their corporate tax rates

Final and proposed regs. issued on retirement plan RMDs

by usoftax_admin | Jul 18, 2024 | Tax News

The final regulations reflect changes to the required minimum distribution rules made by the SECURE Act and SECURE 2.0 and generally follow proposed regulations issued in 2022.

Treasury Starting To Address Amount B, Official Says

by usoftax_admin | Jul 18, 2024 | Tax News

The U.S. Department of the Treasury is just starting to decide how to handle a transfer pricing regime under a prong of the OECD-led global tax overhaul, a Treasury official said Thursday.
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