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10th Circ. Affirms Couple Can’t Ax $833K Income Tax Payment

by usoftax_admin | Jun 10, 2024 | Tax News

A couple’s wide-ranging arguments that the Internal Revenue Service should not have been allowed to assess that they owe over $833,000 in unpaid income taxes and penalties failed to sway the Tenth Circuit on Monday, as the court affirmed a ruling against...

Treasury Dept. Beats IRS Agent’s Religious Bias Suit

by usoftax_admin | Jun 10, 2024 | Tax News

The U.S. Department of the Treasury defeated an Internal Revenue Service agent’s suit claiming he was disciplined for a three-day celebration of Easter mandated by his Christian faith, with a Florida federal judge finding the reprimand was based on performance...

Singapore opens consultation on landmark pillar two legislation

by usoftax_admin | Jun 10, 2024 | Tax News

Interested parties may submit their comments on proposed bills and the subsidiary legislation by July 5

Unchecked post-PwC scandal legislation presents minefield for tax profession

by usoftax_admin | Jun 10, 2024 | Tax News

The Australian government has run roughshod over professional tax bodies with untested reporting obligations to please a mob baying for PwC’s blood, writes Tom Ravlic

Price it right: the importance of cost accounting for intragroup services

by usoftax_admin | Jun 8, 2024 | Tax News

Multinational enterprises must include transfer pricing and cost accounting experts in taking an integrated approach to supporting the arm’s-length nature of intragroup service charges, say Enrique Marchesi-Herce, Gilles Andreini, and Serena Picariello of Deloitte...

Two-pillar framework: how is Thailand gearing up?

by usoftax_admin | Jun 8, 2024 | Tax News

Paul Ashburn, Amit Bhalla, and Urika Solano of HLB Thailand provide an update on Thailand’s progress towards implementation of BEPS 2.0 and explain why governmental agencies and multinational enterprises should undertake comprehensive reassessments
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