by usoftax_admin | Jun 7, 2024 | Tax News
The Internal Revenue Service is arbitrarily and wrongfully refusing to refund Halliburton over $11.3 million in tax deductions taken for a payment to a foreign government to secure the safety of the company’s employees, Halliburton told a federal court. by usoftax_admin | Jun 7, 2024 | Tax News
A Federal Circuit panel seemed skeptical of the government’s bid to overturn a decision allowing drugmaker Actavis to deduct $12 million it spent fending off lawsuits as it secured approval to sell generics, raising the question during oral arguments Friday... by usoftax_admin | Jun 7, 2024 | Tax News
In this Week’s Taxation with Representation, Waste Management buys Stericycle, Becton Dickinson pays $4.2 billion for Edwards Lifesciences’ critical care products unit, Aquiline Capital Partners raises over $3.4 billion in fund capital, and Bain Capital... by usoftax_admin | Jun 7, 2024 | Tax News
The Internal Revenue Service on Friday issued updated lists of areas, including closed coal mines and factories, where developers can qualify for additional tax credits for building their clean energy projects. by usoftax_admin | Jun 7, 2024 | Tax News
The EU nation currently has a headline rate of 25%; in other news, DLA Piper and RSM UK have strengthened their tax teams by usoftax_admin | Jun 6, 2024 | Tax News
Medical device maker Medtronic reiterated Thursday its bid for the Eighth Circuit to revive its method for pricing intangible property that was licensed to a Puerto Rican affiliate, arguing the government’s concessions show why the company’s approach is...