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SEC Targets Fatburger’s Parent Co. In $27M Loan Scheme

by usoftax_admin | May 10, 2024 | Tax News

The restaurant company that owns Fatburger and Fazoli’s made illegal loans to its director and former chief executive, who spent $27 million in company money on himself while skirting taxes and leaving the company struggling, the Securities and Exchange...

Swiss forfait taxation: enduring appeal of a regime to Charlie Chaplin’s taste

by usoftax_admin | May 10, 2024 | Tax News

Marcel R Jung of MME Legal Tax Compliance explains the Swiss forfait tax regime, and cites the actor’s choice of his tax home as an indication of its long-standing attractiveness – and perhaps his fondness for fine chocolate

Use Of AI For Tax Comment Letters Poses Ethical Quandaries

by usoftax_admin | May 10, 2024 | Tax News

While artificial intelligence can streamline the process of conducting a comprehensive review of complex, IRS-proposed federal tax regulations, tax attorneys must be aware of professional and ethical considerations when using it to help draft comment letters to submit...

Italian Supreme Court decision confirms stance on intercompany services

by usoftax_admin | May 10, 2024 | Tax News

Federico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente suggest what documentation can demonstrate the reasonableness of the costs of an intra-group transaction, and the benefits for a subsidiary

Indonesian roundup: revocation of several import restrictions among latest revisions

by usoftax_admin | May 10, 2024 | Tax News

Benjamin P Simatupang, Dwipa Abimanyu Dewantara, and Fajar Ramadhani of GNV Consulting highlight updated regulations and mandatory implementation of the Customs-Excise Information System and Automation 4.0 as Indonesia rings the changes
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