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Lumen Says $2B Colo. Tax Valuation Ignores Losses

by usoftax_admin | Sep 3, 2024 | Tax News

Taxable property of telecommunications company Lumen Technologies was overvalued in Colorado at more than $2 billion, the company told a state court, arguing for an income approach to the valuation that reflects the company’s significant financial losses.

KPMG and PwC seek clarity on draft EU CbCR regulation

by usoftax_admin | Sep 3, 2024 | Tax News

The ‘big four’ firms want guidance on reporting forms, the use of the XBRL filing mechanism, and permanent establishment reporting

5 Tips To Succeed In A Master Of Laws Program And Beyond

by usoftax_admin | Sep 3, 2024 | Tax News

As lawyers and recent law school graduates begin their Master of Laws coursework across the country, they should keep a few pointers in mind to get the most out of their programs and kick-start successful careers in their practice areas, says Kelley Miller at Reed...

IRS Issues More Edits For Foreign Currency Accounting Regs

by usoftax_admin | Sep 3, 2024 | Tax News

The Internal Revenue Service issued further corrections Tuesday to proposed rules that would adjust the timing for when companies can use certain accounting methods for gains or losses that arise from foreign currency transactions.

Government seeks to cool row over ‘modest’ Aussie ethics reforms

by usoftax_admin | Sep 2, 2024 | Tax News

Ahead of a major summit with concerned professional bodies this week, Australia Assistant Treasurer Stephen Jones tells ITR he wants to allay industry worries

ITR World Tax rankings released: Brazilian firms fly high

by usoftax_admin | Sep 2, 2024 | Tax News

As ITR’s accreditation title releases its global rankings, we focus on the top performers across the Americas in the first of three regional analyses
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