by usoftax_admin | Aug 1, 2024 | Tax News
Mohamed Kande is the only one of nine PwC leaders not to appear before the parliamentary committee by usoftax_admin | Jul 31, 2024 | Tax News
Recent U.S. Treasury Department regulations centered on contentious 2011 guidance aimed at so-called Killer B transactions have revived longstanding questions about how much authority rule writers have to target what they perceive as corporate tax avoidance in these... by usoftax_admin | Jul 31, 2024 | Tax News
A lobbying effort from multinational corporations to dissuade states from adopting mandatory worldwide combined reporting aims to keep billions of dollars in profits that were shifted into tax-friendly jurisdictions beyond the reach of tax administrators, a retired... by usoftax_admin | Jul 31, 2024 | Tax News
Humana challenged Florida’s bid to tax a portion of an $850 million merger termination fee it received from Aetna after a proposed merger ended after a court blocked it, arguing that the capital gain was nonbusiness income that wasn’t apportioned to... by usoftax_admin | Jul 31, 2024 | Tax News
A medical device company and a food services firm that are each challenging Internal Revenue Service denials of dividend deduction claims told the U.S. Tax Court that the recent U.S. Supreme Court decision overturning Chevron deference doesn’t change the... by usoftax_admin | Jul 31, 2024 | Tax News
Senate Democrats urged their Republican counterparts Wednesday to pass legislation that would extend the full tax break for research and development costs and expand the child tax credit for multiple years.