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OECD unveils amount B report to simplify TP rules

by usoftax_admin | Feb 21, 2024 | Tax News

The report is aimed at helping ‘low-capacity countries’, the OECD has claimed

HMRC opens fewer investigations for offshore, corporate and wealthy taxpayers

by usoftax_admin | Feb 21, 2024 | Tax News

The UK tax agency appears to be going after easier, lower value targets, one lawyer has claimed

Swedish targeted interest deduction limitation rules deemed to breach EU law

by usoftax_admin | Feb 21, 2024 | Tax News

The Swedish Supreme Administrative Court has ruled that denied deductions for interest expenses for intra-group loans on intra-group share acquisitions breach the freedom of establishment, report Tina Zetterlund, Thomas Andersson, and Sara Andersson of KPMG...

Media Broker Gets 15 Months For Hiding $19.5M From IRS

by usoftax_admin | Feb 20, 2024 | Tax News

A media broker was sentenced to 15 months in prison Tuesday after admitting she concealed $19.5 million in income from the Internal Revenue Service.

Wealthy Nations Want Consensus Voting At UN Tax Group

by usoftax_admin | Feb 20, 2024 | Tax News

The United Nations General Assembly’s committee for drafting the rules and goals of an international tax convention should make decisions by consensus rather than following the assembly’s simple majority voting rules, governments from wealthy countries...

Ex-BigLaw Atty Avoids Prison For Ch. 11 Lies

by usoftax_admin | Feb 20, 2024 | Tax News

A former BigLaw partner on Tuesday was spared any prison time for lying to a New York bankruptcy court in his 2022 personal Chapter 11 case, in an attempt to shield his assets from creditors.
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