by usoftax_admin | Nov 29, 2023 | Tax News
The Council of the European Union officially recommended in a resolution published Wednesday a number of sweeping changes, including to tax codes, to promote the development of so-called social economies. by usoftax_admin | Nov 29, 2023 | Tax News
The OECD is working on guidance that includes a peer review mechanism for determining whether a country’s corporate taxes are qualifying measures under a global minimum tax agreement known as Pillar Two, a U.S. Treasury Department official said Wednesday. by usoftax_admin | Nov 29, 2023 | Tax News
The chairs and ranking members of the Senate Finance and Foreign Relations committees said Wednesday they’ve reached an agreement with House lawmakers to advance legislation that would provide double-taxation relief for Taiwanese businesses investing in the... by usoftax_admin | Nov 29, 2023 | Tax News
A former tax preparer was convicted in California federal court for his part in a multiyear tax fraud conspiracy that cost authorities over $10 million in tax revenue, and he could serve 22 years in prison, the U.S. Department of Justice announced. by usoftax_admin | Nov 29, 2023 | Tax News
The U.S. Tax Court said Wednesday it does not have the jurisdiction to trigger an adjustment after a notice of administrative proceeding is issued. by usoftax_admin | Nov 29, 2023 | Tax News
The Internal Revenue Service awarded a whistleblower $15.1 million for information that led to enforcement against 109 wealthy participants in a sophisticated tax evasion plan, according to a statement Wednesday from the whistleblower’s counsel.