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Co. Urges Ending IRS Cost-Sharing Rule After Justices’ Ruling

by usoftax_admin | May 5, 2025 | Tax News

A controversial rule requiring U.S. companies to include employee stock-based compensation in cost-sharing agreements with offshore affiliates should be scrapped following the U.S. Supreme Court’s revocation of required judicial deference to agencies, a drug...

Novelist Owes $715K In FBAR Penalties, US Says

by usoftax_admin | May 5, 2025 | Tax News

A Japanese author with U.S. citizenship faces penalties exceeding $715,000 for failing to report accounts she held at a Swiss bank, the U.S. government told a California federal court.

WTS aims to capture PwC’s former francophone African footprint

by usoftax_admin | May 5, 2025 | Tax News

WTS Global is also vetting new potential member firms in Algeria, Cote D’Ivoire and Benin, Kelly Mgbor tells ITR in an exclusive interview

Business restructuring: unveiling a hidden tax and the valuation implications

by usoftax_admin | May 4, 2025 | Tax News

Uday Ved, Hetav Vasani, and Snehal Pawar of KNAV India explore how cross-border business restructuring can trigger hidden tax exposures such as exit charges, and examine valuations under evolving global transfer pricing rules

This week in tax: EU mulls pillar two revisions to placate US

by usoftax_admin | May 4, 2025 | Tax News

The scope of qualifying pillar two tax credits could reportedly be broadened; in other news, hundreds of IRS appeals staff are to resign

UK Customs Co. Liable For £1.1M VAT Bill, Tribunal Says

by usoftax_admin | May 2, 2025 | Tax News

A U.K. company responsible for getting goods through customs must split a £1.1 million ($1.3 million) value-added tax bill that an importer deferred before going out of business, the First-tier Tribunal ruled.
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