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Judicial Independence Is Imperative This Election Year

by usoftax_admin | Mar 21, 2024 | Tax News

As the next election nears, the judges involved in the upcoming trials against former President Donald Trump increasingly face political pressures and threats of violence — revealing the urgent need to safeguard judicial independence and uphold the rule of law, says...

IRS Tweaks Proposed Partnership Treatment Rules

by usoftax_admin | Mar 21, 2024 | Tax News

The Internal Revenue Service issued a correction notice Thursday fixing a reference in proposed regulations about the treatment of related people within partnerships.

IRS Issues Fixes In Safe Harbor Regulations

by usoftax_admin | Mar 21, 2024 | Tax News

The Internal Revenue Service issued two correction notices Thursday to amend final regulations focused on certain safe harbor exceptions.

China introduces income tax incentives for Hetao–Hong Kong zone

by usoftax_admin | Mar 20, 2024 | Tax News

Lewis Lu of KPMG China explains the recent Hetao–Hong Kong zone income tax incentives, which aim to boost science and technology innovation, and stimulate investment and collaboration between Shenzhen and Hong Kong

Endo Plan To Trim $5B In Debt Confirmed By NY Judge

by usoftax_admin | Mar 20, 2024 | Tax News

Drugmaker Endo International got a New York bankruptcy judge’s approval for its Chapter 11 plan that aims to cut more than $5 billion in debt and hand over ownership to its lenders, roughly a month after it finalized a $465 million deal to resolve criminal and...

NY AG Scoffs At Trump’s Claim Of ‘Impossible’ $465M Bond

by usoftax_admin | Mar 20, 2024 | Tax News

The New York Attorney General’s office on Wednesday disputed Donald Trump’s claim that posting bond while he appeals a $465 million civil fraud judgment is a “practical impossibility,” arguing the former president and his business empire...
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