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Jersey adopts pillar two legislation

by usoftax_admin | Oct 23, 2024 | Tax News

The self-governing UK dependency said that over 95% of Jersey companies will be unaffected by pillar two and that Revenue Jersey is ‘well-equipped’ to implement the rules

Five Minutes With…Richard Clough, EY

by usoftax_admin | Oct 23, 2024 | Tax News

Clough, EY’s global tax chief data officer, tells ITR about chasing great ideas, tax’s potential to be an AI hotspot, and what makes tax cool

FTC On Cusp Of H&R Block False Ad Settlement

by usoftax_admin | Oct 22, 2024 | Tax News

The Federal Trade Commission has come to an agreement with H&R Block to settle claims of deceptive advertising and has withdrawn its complaint in order for the full commission to vote on the deal.

8th Circ. Judge Presses IRS On 3M Transfer Pricing Tax Ruling

by usoftax_admin | Oct 22, 2024 | Tax News

An Eighth Circuit judge cast doubt during oral arguments Tuesday on the government’s interpretation of regulations the IRS relied on to reallocate almost $24 million of income to 3M from its Brazilian affiliate that was subject to legal restrictions on royalty...

Netflix, DirecTV Win Mo. Video Fee Dispute After Law Change

by usoftax_admin | Oct 22, 2024 | Tax News

A Missouri law enacted this year that exempted streaming and satellite television companies from local video service provider fees blocked a class of cities from pursuing the fees from Netflix, DirecTV and similar companies for prior years, a Missouri circuit judge...

New IRS Unit Starts Work On Pass-Through Compliance

by usoftax_admin | Oct 22, 2024 | Tax News

A new Internal Revenue Service unit focused on the compliance of pass-through entities of all sizes and forms, such as partnerships, S corporations and trusts, has officially started work, the agency said Tuesday.
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