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Transfer Pricing Deal Needed For Pillar 1, OECD Official Says

by usoftax_admin | May 17, 2024 | Tax News

It’s crucial for countries to agree on transfer pricing policies under an international profit reallocation agreement known as Pillar One as they work toward their end-of-June deadline to sign a related multilateral treaty, an OECD official said Friday.

IRS warns about more tax scams

by usoftax_admin | May 17, 2024 | Tax News

The IRS said scams involving the fuel tax credit, the sick and family leave credit, and household employment taxes led thousands of taxpayers to file inflated refund claims.

Judge Sets Hearing For Delay In Hunter Biden’s Tax Trial

by usoftax_admin | May 17, 2024 | Tax News

A California federal judge agreed Friday to consider Hunter Biden’s request to push back his $1.4 million criminal tax trial, setting a hearing to address his claim that the dates interfere with his Delaware gun trial and threaten to prevent him from getting a...

Billabong founder loses case over tax schemes ‘suggested’ by EY

by usoftax_admin | May 17, 2024 | Tax News

Australian businessman Gordon Merchant used EY’s advice to offset an A$85 million capital gain, according to the Federal Court

Taxation With Representation: Wachtell Lipton, Freshfields

by usoftax_admin | May 17, 2024 | Tax News

In this week’s Taxation with Representation, Nippon Life acquires Corebridge Financial, Crescent Energy buys SilverBow Resources and Uber purchases Foodpanda.

Virgin Islands Silent 2 Years On $1.1M Tax Refund, Court Told

by usoftax_admin | May 17, 2024 | Tax News

A man living on the island of St. Thomas claims he requested a tax refund of more than $1.1 million from the U.S. Virgin Islands Bureau of Internal Revenue more than two years ago and still hasn’t heard back, according to a complaint in federal court.
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