by usoftax_admin | May 7, 2024 | Tax News
A multinational enterprise bearing the cost of an employee stock option plan granted to an Indian subsidiary creates several complexities, as explained by S Vasudevan, Harshit Khurana, and Sonali Bansal of Lakshmikumaran & Sridharan by usoftax_admin | May 6, 2024 | Tax News
To preserve the stability of federal tax law, the Tenth Circuit should reverse a lower court’s finding that it needn’t determine the economic substance doctrine is relevant before disallowing a transaction’s tax benefits, the National Foreign Trade... by usoftax_admin | May 6, 2024 | Tax News
A Pennsylvania federal judge has tossed a potential class action challenging the constitutionality of the state’s unclaimed property law, finding that the state treasurer doesn’t have to pay interest on property that was otherwise abandoned. by usoftax_admin | May 6, 2024 | Tax News
The IRS should change regulations on donor-advised funds so that personal investment advisers wouldn’t be considered donor-advisers, stakeholders told the agency at a hearing Monday, saying failure to do so could chill charitable giving and would exceed... by usoftax_admin | May 6, 2024 | Tax News
The Seventh Circuit upheld Monday the dismissal of a man’s challenge to the constitutionality of filing reports of foreign accounts because after filing the suit, the man reported his bank account, making the case moot. by usoftax_admin | May 6, 2024 | Tax News
A Texas company that coordinates healthcare for chronically ill patients should not be barred from claiming tax-exempt status, it told the Fifth Circuit on Monday, arguing that the U.S. Tax Court applied an incorrect legal standard when it revoked the group’s...