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Treasury Seeks Input On Rules For Energy Credit Transfers

by usoftax_admin | Oct 20, 2023 | Tax News

The U.S. Treasury Department wants more feedback on how to tailor the so-called at-risk rules for pass-through entities seeking to sell clean energy tax credits earned from their qualified development projects under the Inflation Reduction Act, an official said...

Justices Urged To Reject Del.’s Bid For IRS Summons Review

by usoftax_admin | Oct 20, 2023 | Tax News

The U.S. Supreme Court shouldn’t review Delaware’s insurance department’s challenge to the enforcement of an Internal Revenue Service summons seeking microcaptive insurance records, the federal government argued, saying the department has exaggerated...

Trump Fined $5K For ‘Blatant’ Violation Of NY Gag Order

by usoftax_admin | Oct 20, 2023 | Tax News

A New York state judge fined Donald Trump $5,000 on Friday in the attorney general’s fraud suit for failing to remove a disparaging post about the judge’s law clerk from Trump’s campaign website in violation of a previous order, though the court did...

US, Chile Working To Finalize Tax Treaty, Official Says

by usoftax_admin | Oct 20, 2023 | Tax News

The U.S. and Chile are in talks to determine the next steps to take for a recently approved bilateral tax treaty between the countries to enter into force, a U.S. Treasury Department official said Friday.

3 Lingering Issues Under New Int’l Transfer Pricing Plan

by usoftax_admin | Oct 20, 2023 | Tax News

Countries are negotiating the final details under an international agreement to streamline pricing for multinational companies’ low-risk activities, and in the meantime, businesses are grappling with an evolving framework that may be straying from its stated...

Taxation With Representation: Skadden, Cravath, Latham

by usoftax_admin | Oct 20, 2023 | Tax News

In this week’s Taxation With Representation, I Squared Capital buys Deutsche Bahn’s international transport business, West Star Aviation acquires Gama Aviation’s maintenance business, Thermo Fisher purchases Olink Holding AB, and Searchlight Capital...
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