A group of Canadian companies challenged in court this week rulings implicating them in a tax avoidance scheme that sought to earn the scheme’s mastermind C$109.7 million ($80.6 million) in tax-free dividends.

The Colorado Supreme Court sided with local tax assessors Tuesday, holding that they weren’t obligated to reassess hundreds of commercial properties mid-cycle to take pandemic restrictions into account.

Texas lawmakers sent the governor a compromise plan Tuesday to restore, with revisions, an expired tax break that gave steep property tax breaks to businesses planning new construction in the state.

KPMG LLP allegedly helped Credit Suisse Group AG‘s directors and officers “recklessly” mismanage and “plunder” the bank for more than a decade before its collapse in March, according to a new complaint.

Hedge fund manager Ken Griffin has called on a Florida district court to allow his lawsuit to proceed against the IRS for allegedly failing to protect his confidential financial information, arguing that he made a plausible claim that tax records were leaked to the press.

Investors in a shopping center near St. Louis accused property owner Arciterra Cos. and its founder, Jonathan Larmore, of misusing cash to fund a lavish lifestyle that included about a dozen personal residences and two private jets.

The Canadian Official Gazette May 25 published Act No. R.S.C., 1985, c. 1, on the consolidated text of the Income Tax Act, as of May 17. [Canada, Government Legal Database, ...

The Canadian Official Gazette May 25 published Act No. R.S.C., 1985, c. 2, on the consolidated text of the Income Tax Application Rules, as of May 17. [Canada, Government Legal ...

The Peruvian Official Gazette May 17 published the July 2 entry into force date of the Convention to Approve the Tax Treatment Provided in the Agreements to Avoid Double Taxation ...

The Taiwanese Ministry of Finance May 25 opened a consultation on draft regulations governing securities transaction tax rate applicable to stock transactions of warrant hedging accounts. The draft regulations include ...

The Portuguese Tax and Customs Authority May 22 issued Order No. 148/2023-XXIII, extending the deadline to June 6 for taxpayers to file 2022 corporate income tax returns and make payments. ...

The South Korean National Assembly May 26 accepted for consideration Bill No. 2122304, to extend the VAT exemption application deadline for heating services supplied to permanent rental housing, to Dec. ...

The Colorado Supreme Court sided with local tax assessors Tuesday, holding that they weren’t obligated to reassess hundreds of commercial properties mid-cycle to take pandemic restrictions into account.

Texas lawmakers sent the governor a compromise plan Tuesday to restore, with revisions, an expired tax break that gave steep property tax breaks to businesses planning new construction in the state.

Cannabis businesses operating in Minnesota and Illinois will be able to write off ordinary business expenses under legislation removing both states from federal tax rules prohibiting such tax benefits.

A foundation that runs science education programs on a Maine island isn’t entitled to a “literary and scientific” institution tax exemption, the state high court ruled Friday.

A New Hampshire federal court dismissed a cryptocurrency user’s constitutional challenge to the IRS’s seizure of his records without prior notice.

Employee stock ownership plans can provide many unique tax benefits for closely held companies, says CSG Partners’ Lawrence Kaplan.

Wells Fargo & Co.’s former head of retail banking, Carrie Tolstedt, agreed to pay $3 million to settle a Securities and Exchange Commission case over misleading investors about a key measure of the lender’s success.

KPMG LLP allegedly helped Credit Suisse Group AG‘s directors and officers “recklessly” mismanage and “plunder” the bank for more than a decade before its collapse in March, according to a new complaint.

A majority of the IRS Large Business and International Division’s audits in recent fiscal years have consisted of cases involving individual taxpayers, according to a new report from the Treasury Inspector General For Tax Administration.

The International Accounting Standards Board asked for feedback Tuesday on how well new bad debt accounting rules are working in practice, in a review of the biggest change made to corporate reporting after the 2008 financial crisis.

Institutional Shareholder Services Inc. is backing Elliott Investment Management’s call for a special audit of real estate firm Deutsche Wohnen SE’s loan to its controlling shareholder, its second recent move to support activist proposals in Germany.

Nestlé SA and Unilever Plc are replacing their veteran chief financial officers, part of a changing of the guard at consumer-goods companies as inflation pressures the industry.