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Nev. Estate Owes Over $3.8M In FBAR Penalties, Court Rules

by usoftax_admin | Mar 28, 2024 | Tax News

The estate of a Nevada entrepreneur must pay over $3.8 million in penalties and interest for willfully failing to report his foreign bank accounts in Belize, the Bahamas and Panama, a federal district court ruled.

Ore. To Give Tax Break For Wildfire Settlement Payouts

by usoftax_admin | Mar 28, 2024 | Tax News

Oregon victims of wildfires who receive funds in civil actions will not owe income tax on those payments under legislation signed into law by the governor.

Mazars appoints ex-Deloitte TP partner in London

by usoftax_admin | Mar 28, 2024 | Tax News

Jeremy Brown arrives at the firm after a near 16-year career with Deloitte

This week in tax: PwC confirms candidates for UK and Middle East senior role

by usoftax_admin | Mar 28, 2024 | Tax News

PwC could elect a woman into the senior leadership position for the first time; in other news, KPMG Australia has extended its CEO’s term

HLB International adds 23% to global turnover to hit $5.46bn

by usoftax_admin | Mar 28, 2024 | Tax News

The firm’s tax business generated a quarter of HLB’s overall revenues in 2023

Opinion: How pillar two could reshape the tax function

by usoftax_admin | Mar 28, 2024 | Tax News

While successful pillar two implementation will require collaboration across all units, a combination of internal and external tax advice is at the centre of the effort
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