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Dirty Dozen list ends with easements, digital assets, and more

by usoftax_admin | Apr 12, 2024 | Tax News

The IRS winds up its annual list of 12 scams and schemes by covering two broad categories: bogus tax-avoidance strategies and schemes with an international element.

Australia releases draft legislation implementing build-to-rent tax concessions

by usoftax_admin | Apr 12, 2024 | Tax News

Jock McCormack of DLA Piper Australia reports on a new initiative that aims to stimulate Australia’s build-to-rent sector and address housing supply challenges through the offering of tax concessions for construction and investment

This week in tax: KPMG hit with record $25m fine over exam cheating

by usoftax_admin | Apr 12, 2024 | Tax News

KPMG Netherlands’ former head of assurance also received a permanent bar and $150,000 fine; in other news, asset management firm BlackRock lost a $13.5bn UK tax appeal

US treasury and IRS propose corporate stock repurchase tax regulations

by usoftax_admin | Apr 12, 2024 | Tax News

The new guidance concerns a recent 1% excise tax on the repurchases of corporate stock for both US and certain foreign companies

Navigating the tax implications in acquisitions by Mexican Fibra-E trusts

by usoftax_admin | Apr 12, 2024 | Tax News

An uptick in nearshoring activities in Mexico has led to heightened interest in trusts that specialise in energy and infrastructure investments. Federico Scheffler, Eduardo Espinosa, and Ileana García of Galicia Abogados explain the nuances

Biz Owners Tell House Panel Extending Tax Cuts Is Crucial

by usoftax_admin | Apr 11, 2024 | Tax News

It is essential that Congress extends provisions of the 2017 tax law that are set to expire in 2025, especially the law’s pass-through deduction, business leaders told the House Ways and Means Committee on Thursday.
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