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KPMG leader: new US firm will bolster global managed services

by usoftax_admin | Mar 24, 2025 | Tax News

KPMG Law US revolves around contract managed services and the US is the largest market for that, Stuart Bedford tells ITR in an exclusive interview

Chile introduces ‘tax sustainability’ concept as ESG reporting trend gains importance

by usoftax_admin | Mar 24, 2025 | Tax News

Sandra Benedetto and Jonatan Israel of PwC Chile provide an overview of a law establishing a new legal concept that aligns taxation with ESG principles, and consider its implications for Chilean companies

Up Next At High Court: Non-Delegation & Clean Air Fights

by usoftax_admin | Mar 22, 2025 | Tax News

The U.S. Supreme Court will return to the bench Monday to hear arguments in a dispute that could revive a long-dormant separation of powers principle and trigger a regulatory power shift. 

Fla. Tax Preparer Sentenced To Prison For $20M Fraud

by usoftax_admin | Mar 21, 2025 | Tax News

A Miami-area tax preparer was sentenced to nearly five years in prison Friday after admitting to filing thousands of individual tax returns wrongly claiming energy credits, resulting in a $20 million loss for the Internal Revenue Service, according to the U.S....

Court Sours On Tribunal’s Sweets Ruling For Marshmallows

by usoftax_admin | Mar 21, 2025 | Tax News

The First-tier Tribunal applied a faulty interpretation of value-added tax law to rule that jumbo-size marshmallows are exempt from VAT, a U.K. Court of Appeal panel said Friday, remanding the £473,000 ($611,000) dispute back to the tribunal.

‘Not Mistake-Proof’: College Can Try To Recoup Tax Penalties

by usoftax_admin | Mar 21, 2025 | Tax News

A community college can proceed with its suit seeking a refund of tax penalties for failing to file wage statements for nearly all its employees, a Michigan federal judge ruled Friday, saying the school didn’t have to meet a “mistake-proof” standard...
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