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Ex-CFO Of Russian Gas Co. Gets 7 Years For Tax Crimes

by usoftax_admin | Sep 21, 2023 | Tax News

The ex-chief financial officer of Russian gas company Novatek who was convicted of lying to the IRS and failing to report foreign bank accounts that held $93 million was sentenced Thursday in Florida federal court to just over seven years in prison and ordered to pay...

Amount B remains prominent sticking point in BEPS talks

by usoftax_admin | Sep 21, 2023 | Tax News

Discussion on amount B under the first part of the OECD’s two-pronged approach to international tax reform is far from over, if the latest consultation is anything go by.

IRS to set up new work unit to focus on complex passthrough entities

by usoftax_admin | Sep 20, 2023 | Tax News

IRS Commissioner Danny Werfel says new unit is “another part of [the IRS’s] effort to ensure the IRS holds the nation’s wealthiest filers accountable to pay the full amount of what they owe.”

11th Circ. Asked To Force IRS Probe Of Whistleblowers’ Claims

by usoftax_admin | Sep 20, 2023 | Tax News

Whistleblowers who lodged complaints with the IRS that certain companies issuing mortgage-backed investments have been dodging taxes told an Eleventh Circuit panel on Wednesday that their concerns should be investigated, saying the agency is ignoring a congressional...

IRS Wants Release Of Int’l Pricing Program Info, Official Says

by usoftax_admin | Sep 20, 2023 | Tax News

The Internal Revenue Service has been advocating for the OECD to publicly release results from a voluntary international compliance program in which tax administrations look for transfer pricing red flags with participating multinational corporations, an agency...

Colo. Justices Mull How Tax Money For Urban Renewal Works

by usoftax_admin | Sep 20, 2023 | Tax News

Colorado property tax officials told the state high court Tuesday that the state’s method for calculating what portion of tax revenue increases are properly attributed to the benefits of urban redevelopment areas, and will go to fund redevelopment efforts, is a...
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