Accounting giant PwC is calling for clearer rules for the tax treatment of foreign government-sourced investments and guidance on when a foreign government’s investment creates effective control issues.
A growing number of foreign multinationals are exploring whether to relocate their parent companies to the US, with interest spurred in recent weeks by a deal struck at the OECD exempting American businesses from key parts of the 15% global minimum tax.
The Australian government’s response to recommendations from a wide-ranging parliamentary inquiry into ethics in the auditing, assurance, and consulting sector is inadequate, lawmakers said.
Cape Town plans to more than double municipal rates on homes that are rented out for short durations, including those listed on
The European Commission will recommend that EU countries lower taxes on electricity bills in a bid to improve the bloc’s business competitiveness and relieve households.
The Japanese Ministry of Foreign Affairs Feb. 4 announced the initialing of a new DTA with the Philippines, to replace the 1980 DTA and the 1980 and 2006 protocols currently ...
The French Senate Jan. 28 accepted for consideration Bill No. 314, to ratify the new DTA and protocol with Cyprus, signed Dec. 11, 2023, which will replace the 1981 DTA ...
The United Kingdom HM Revenue and Customs Feb. 4 posted a synthesized text of the 2015 DTA with Bulgaria, and the Multilateral Convention to Implement Tax Treaty Related Measures to ...
African nations face a continued risk of losing revenue to developed countries that apply the global minimum tax despite redesigned rules that feature a carve-out for US multinational companies, a group of the continent’s countries argued.
The Treasury Department and the IRS should modify and simplify a documentation requirement that is part of guidance on how companies will move to a new approach to counting their share of subsidiaries’ foreign income, an accounting group said.
A large swath of countries pushed back Friday against a proposal that the United Nations play a role in encouraging the exchange of tax information between nations over concerns the move would impose obligations on governments.
The Romanian Ministry of Finance is seeking feedback on proposed tax credits and larger research and development deductions to aid investment in six priority sectors.
Amazon.com Inc. cut its US tax payments significantly last year because of business-friendly provisions included in the giant tax-and-spending law enacted in July, the company said Friday.
The
Congressional appropriators gave the IRS a lifeline to shift money around to stave off funding cliffs, but some are saying it might not be enough.
Elite engineers’ soaring compensation packages are complicating R&D tax credit claims under IRC §41, requiring companies to enhance their audit readiness with more rigorous documentation of qualified research activities.
UK house prices bounced back in January, according to one of the country’s largest mortgage lenders, in a sign of returning demand after the Labour government’s budget.
The Reserve Bank of India kept its benchmark interest rate unchanged on Friday, signaling an end to its easing cycle as the economy gets a boost from higher government spending and a surprise US trade deal to lower tariffs.
China tightened curbs on
The government didn’t pay for it — and it’s not planning to sell.
During his more than 15 years as a professional sports gambler, Rufus Peabody has built up an elaborate system of software tools and surrogate bettors that allow him to spot favorable odds offered by bookmakers of every variety and quickly put down millions of dollars on golf, football, basketball and other sports.
The
Crypto-hoarding treasury companies, which helped turbocharge a digital-asset rally in last year’s first nine months, are now at risk of sparking market contagion as selling pressure mounts.
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