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Amount B and the provision of additional certainty: an unattained goal?

by usoftax_admin | May 17, 2024 | Tax News

Paolo Ludovici and Marlinda Gianfrate of Gatti Pavesi Bianchi Ludovici focus on how the simplified and streamlined approach set out in the OECD’s Pillar One – Amount B report enhances tax certainty

This week in tax: PwC US head Paul Griggs assumes role early

by usoftax_admin | May 17, 2024 | Tax News

Griggs has been drafted in ahead of schedule as the incumbent Tim Ryan departs for Citigroup; while the Netherlands plans to scrap a 15% share buyback tax

Pillar 1 Faces Hard June Deadline, Ex-Treasury Official Says

by usoftax_admin | May 16, 2024 | Tax News

An international agreement to reallocate certain corporate profits, known as Pillar One, will likely stall if countries miss their deadline to sign a multilateral treaty by the end of June, a former U.S. Treasury official said Thursday.

Hubby Liable For Ex-Co. President’s $40M Bill, Tax Court Says

by usoftax_admin | May 16, 2024 | Tax News

The husband of a former president of InfoSpace can be held jointly liable for a nearly $40 million tax debt the IRS asserted against a return they filed for the 2000 tax year, the U.S. Tax Court ruled Thursday, saying he didn’t qualify for so-called innocent...

Pact’s Biz Group Drops W.Va. Streaming Tax Compliance Fight

by usoftax_admin | May 16, 2024 | Tax News

The Streamlined Sales Tax Governing Board’s business group on Thursday dropped its allegations that West Virginia’s tax on streaming services threw it out of compliance with the interstate tax simplification compact that the board oversees.

P&G Exec Says FDII Uncertainty May Sway Cos.’ IP Decisions

by usoftax_admin | May 16, 2024 | Tax News

The 2017 tax overhaul’s measure for foreign-derived intangible income, a regime that gives tax breaks for domestically held intellectual property, faces uncertainty that could be one factor in keeping some companies from repatriating IP, a tax executive...
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