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Finding the tax basis in intercompany transfers of Chinese equity

by usoftax_admin | Nov 13, 2024 | Tax News

Anticipating potential changes in tax basis interpretations can help reduce audit risks in tax planning for intercompany equity transfers, says Abe Zhao of FenXun partners

Trump, GOP Victories May Imperil OECD Global Tax Plan

by usoftax_admin | Nov 13, 2024 | Tax News

President-elect Donald Trump’s and Republicans’ victories in the U.S. elections this month call into question whether the OECD’s two-pillar global tax plan can be effectively implemented and whether the plan’s minimum tax backstop rule can be...

Brazilian Supreme Court limits tax penalties to 100% for evasion, fraud, or collusion

by usoftax_admin | Nov 13, 2024 | Tax News

Paulo Victor Vieira da Rocha and Murilo Jakuk of VRMA Advogados discuss a recent decision by the Brazilian Supreme Court that ensures proportionality in tax penalties and strengthens legal protections for businesses

IRS Issues Corp. Bond Monthly Yield Curve For Nov.

by usoftax_admin | Nov 13, 2024 | Tax News

The Internal Revenue Service on Wednesday published the corporate bond monthly yield curve for November for use in calculations for defined benefit plans, as well as corresponding segment rates and other related provisions.

Feds Want 2 Years’ Jail For Biz Owner In $2.8M Tax Scheme

by usoftax_admin | Nov 13, 2024 | Tax News

A construction company owner who paid workers off the books by pretending they were subcontractors, even after one of them died, should serve two years in prison and pay $2.8 million in restitution to the Internal Revenue Service for the tax loss, prosecutors told a...

New UAE corporate tax guidance ‘a practical resource’, expert indicates

by usoftax_admin | Nov 13, 2024 | Tax News

The new guide also covers transfer pricing and states that all transactions between related parties must be at arm’s-length
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