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6 Nations Must Improve Transparency Measures, OECD Says

by usoftax_admin | Jul 19, 2024 | Tax News

Six countries were found largely compliant with the Organization for Economic Cooperation and Development’s tax transparency and exchange of information measures due to needed improvements to their beneficial ownership information mechanisms, the organization...

Mexican state taxes worth investors’ consideration in addition to federal taxes

by usoftax_admin | Jul 19, 2024 | Tax News

Santiago Llano Zapatero and Fernando Caballero Gout of Ritch Mueller examine the state-imposed taxes applicable to specific transactions in certain states in Mexico

Attorney Denied Separate Trial In $2.1B Danish Tax Fraud

by usoftax_admin | Jul 19, 2024 | Tax News

An attorney facing trial alongside his clients for alleged ties to a $2.1 billion Danish tax fraud has been denied a separate hearing by a New York federal court, which remained unconvinced that his co-workers’ advice to the clients could rebound on him...

Taxation With Representation: A&O Shearman, Gibson Dunn

by usoftax_admin | Jul 19, 2024 | Tax News

In this week’s Taxation With Representation, Cleveland-Cliffs Inc. buys Stelco Holdings Inc., KBR acquires LinQuest Corp., Blue Owl Capital Inc. purchases Atalaya Capital Management LP, and Amphenol Corp. buys two mobile networks units from CommScope.

Chippewa Lawyer Not Exempt From Taxes, 8th Circ. Says

by usoftax_admin | Jul 19, 2024 | Tax News

The Eighth Circuit said Friday that an attorney who belongs to the Minnesota Chippewa Tribe is not exempt from federal taxes on his self-employment income, saying no treaty or statute specifically allows Native Americans to skirt the tax.

Australian tax associations call for removal of new ethical obligations

by usoftax_admin | Jul 19, 2024 | Tax News

New requirements for advisers to inform clients of any relevant matters that might impact their relationship have raised concerns from a raft of professional bodies
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