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Colgate-Palmolive India faces $20.4m TP order

by usoftax_admin | Nov 2, 2023 | Tax News

The oral hygiene company intends to address the order through alternative dispute resolution

COVERAGE RECAP: Day 22 Of Trump’s NY Civil Fraud Trial

by usoftax_admin | Nov 2, 2023 | Tax News

Law360 is providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general’s civil fraud case. Here’s a recap from day 22.

Trump Jr. Downplays His Valuation Role At NY Fraud Trial

by usoftax_admin | Nov 1, 2023 | Tax News

Donald Trump Jr. took the stand Wednesday to defend his father and their family business against the state attorney general’s civil fraud claims, denying that he did any work on the financial statements at the center of the case.

UK Advisers Can Escape $948K Tax Bill, Tribunal Says

by usoftax_admin | Nov 1, 2023 | Tax News

Two U.K. financial advisers will be able to avoid taxes totaling £780,000 ($948,000) after the country’s First-tier Tribunal held that a goodwill credit from their advisory company was not taxable.

Feds Urge 4th Circ. To Toss Credit Suisse Whistleblower Case

by usoftax_admin | Nov 1, 2023 | Tax News

A whistleblower case by a former Credit Suisse employee alleging the bank helped U.S. citizens evade taxes after it paid a $2.6 billion criminal penalty was correctly dismissed, the federal government told the Fourth Circuit, saying the whistleblower wasn’t...

Repatriation Tax Ruling May Cost Up To $1T, Think Tank Says

by usoftax_admin | Nov 1, 2023 | Tax News

If the U.S. Supreme Court finds the repatriation tax passed in the 2017 Tax Cuts and Jobs Act unconstitutional, certain rulings could cost the federal government anywhere from $3 billion to $1 trillion in lost revenue over the next decade, according to an analysis by...
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