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Ireland Tax Revenue Rises Amid Growth In Corp. Receipts

by usoftax_admin | Dec 5, 2023 | Tax News

A rebound in corporate tax revenue last month fueled a 5.8% rise in Ireland’s overall tax receipts for the year through November compared to the same period in 2022, the country’s Department of Finance said Tuesday.

Chile To Propose Banking Transparency Law To Fight Evasion

by usoftax_admin | Dec 5, 2023 | Tax News

Chile would lift banking secrecy measures to help fight tax evasion as part of a package the country’s president announced of more than 200 proposed measures intended to combat corruption.

Feds Want 2 Years For Media Broker Who Hid $19.5M From IRS

by usoftax_admin | Dec 5, 2023 | Tax News

The owner of a media brokerage firm who admitted to hiding $19.5 million in personal income and receipts from the IRS should spend two years in jail, federal prosecutors told a Maryland federal court Tuesday, saying her crimes were not motivated by financial...

UK Needs Fairer Taxes, Not Lower Ones, Think Tank Says

by usoftax_admin | Dec 5, 2023 | Tax News

While taxes in the U.K. are at a seven-decade high, officials need to discuss how to make the system fairer, especially regarding the wealthy, instead of making cuts if it wants to maintain and improve public services, a British think tank said.

Justices Wary Of Repatriation Tax Review Consequences

by usoftax_admin | Dec 5, 2023 | Tax News

U.S. Supreme Court justices questioned a Washington couple’s counsel about their challenge to the one-time repatriation tax during oral arguments Tuesday, with some suggesting that a ruling in the couple’s favor would upend other parts of the federal tax...

Pillar 2 Should Allow Deferred Tax Allocations, Treasury Told

by usoftax_admin | Dec 5, 2023 | Tax News

The U.S. Treasury Department should work with other OECD negotiators to develop guidance that allows companies to allocate deferred taxes to foreign affiliates under an international minimum tax agreement known as Pillar Two, the American Petroleum Institute told the...
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