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Treasury Floats Timing Shift For Foreign Currency Accounting

by usoftax_admin | Aug 19, 2024 | Tax News

The U.S. Treasury Department proposed regulations Monday that would adjust the timing for when companies could opt to use the so-called mark-to-market accounting method for gains or losses that arise from foreign currency transactions.

Thai Revenue Department rules on companies’ relationship based on common shareholding

by usoftax_admin | Aug 17, 2024 | Tax News

Amit Bhalla and Andrew Jackomos of HLB Thailand explain the Thai Revenue Code’s guidance in determining the nature of the relationship between two entities and whether transfer pricing disclosure forms are required

Top transfer pricing cases of the year so far

by usoftax_admin | Aug 17, 2024 | Tax News

Legal battles involving the IRS, HMRC and ATO feature as companies have been ordered to pay vast sums

Indonesia increases number of administrative tax services accessed through ID numbers

by usoftax_admin | Aug 17, 2024 | Tax News

Charles Setia Oetomo and Erviyanti Adam of GNV Consulting report that 37 types of administrative tax services can now be accessed using various ID numbers, and Indonesia has also updated several tax treaties

‘Big four’ partner exodus: ITR’s half-year Talent Tracker data

by usoftax_admin | Aug 17, 2024 | Tax News

ITR’s data shows the ‘big four’ have lost partners at a greater rate than their law firm counterparts

Australian tax associations accuse government of misrepresenting ethics consultation

by usoftax_admin | Aug 17, 2024 | Tax News

Tax bodies have taken umbrage with Assistant Treasurer Stephen Jones’s assertion that extensive consultation took place over contentious ethical rules
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