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This week in tax: Gary Shapley tipped to become acting IRS commissioner

by usoftax_admin | Apr 17, 2025 | Tax News

Shapley would be the fourth person to hold the job this year; in other news, UK tax advisory firm MHA raised fewer funds than expected from its London IPO

‘General pause’ on pillar one in many countries: BDO tax chief

by usoftax_admin | Apr 17, 2025 | Tax News

The US needs to be involved in pillar one for there to be more international acceptance of the project, Michael Masciangelo says

Italy: Renewed focus on tariffs and transfer pricing interplay after Trump measures

by usoftax_admin | Apr 17, 2025 | Tax News

Multinational groups may need to reassess their strategies in the wake of the US president’s sweeping tariff changes. Federico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente outline ways to mitigate the impact

Indonesian tax roundup: waiver window created for individual penalties

by usoftax_admin | Apr 17, 2025 | Tax News

Hartiadi Budi Santoso and Arip Prastyo Wibowo of GNV Consulting Services summarise the application of the waiver, along with new regulations regarding customs audit and excise audit procedures, and free trade zone customs declarations

Tax Court Says Hedge Fund Basket Options Abused Tax Perks

by usoftax_admin | Apr 16, 2025 | Tax News

A Connecticut-based hedge fund has engaged in a complex stock-selling strategy using option contracts that the Internal Revenue Service had determined to be an abusive scheme to avoid paying high taxes on the capital gains, the U.S. Tax Court said Wednesday.

NJ Tax Dept. Launches Mediation Program For Disputes

by usoftax_admin | Apr 16, 2025 | Tax News

Businesses that have disputes with the New Jersey Division of Taxation will be able to consider resolving them with a new mediation program instead of going through a traditional controversy process, the division said in a bulletin.
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