Taxpayers May Apply Brazil’s New Transfer Pricing Rules in 2023
A regulation recently enacted by the Brazilian Revenue Services provides some detail on the option for taxpayers to apply the new transfer pricing rules this year rather than in 2024. Phelippe Toledo Pires de Oliveira of the Office of the Attorney General for the National Treasury explains the rules and why taxpayers may decide not to adopt them this year.
Businesses Need HR Tech as Tax Compliance Grows More Complex
Keeping up with every factor that influences taxes puts pressure on human resources departments and tax professionals. They need to be agile, primed for audits, and knowledgeable of the latest legislation, says Paycom’s Craig Boelte.
California Wealth and Exit Tax Shows a Window Into the Future
California’s wealth tax proposal is unlikely to pass, thanks in part to Gov. Gavin Newsom’s opposition, but ultrawealthy taxpayers should be wary of what it portends, says Colony Group’s Michael Nathanson.
Outsourcing Unclaimed Property Reporting—Four Things to Consider
Hiring an outside vendor to handle unclaimed property compliance can reduce costs and reporting errors. Baker Tilly’s Cathleen Bucholtz and Michelle Moloian break down four factors—availability of resources, expertise, cost, and buyer stress—that can help companies decide whether to outsource the task or assign it to their tax department.
UK Spring Budget 2023—A Case of Too Little, Too Late?
Jane Mackay of Crowe reviews the most important measures outlined by the chancellor in the UK budget and considers whether they are enough to address the needs of the economy.
Tax Law Stifles Innovation of Biopharma Research and Development
US multinational companies that perform research and development both at home and abroad are being penalized through the forced capitalization of their R&D expenses—and by a loss of foreign tax credits from jurisdictions where refundable tax credits are available, says Bridget Goutopoulos of Charles River Laboratories.
Corporate Tax Reforms Can Help the US Beat a Global Recession
With a Democratic president and a Republican speaker of the House, the path for bipartisan reform is narrow. But Washington would be smart to learn lessons from other countries’ tax mistakes and find common ground, says Daniel Bunn of the Tax Foundation.
Week in Insights: A Time to Reconnect and Recharge With Friends
This week, our experts covered topics ranging from “wet signatures” on corporate tax forms to action on Kentucky’s bourbon and distilled spirits tax. For a look at the latest commentary and analysis, check out our weekly roundup.
Trump’s ‘Baby Bonus’ Idea Is Just Good Ol’ Hungarian Tax Policy
Ensuring a stable population isn’t about throwing “baby bonuses” at the problem and attempting to coerce a population into having more children. If there is truly bipartisan support for providing for families that are providing for children, we have an existing, proven system that works.
Feminist Economists From Africa Challenge Tax System Gender Bias
A recent study of 16 African nations’ tax systems concluded there was little concern for reducing gender inequality. Those who drive a broad gender justice agenda and those who advance the gender tax agenda may find common ground in analogous struggles—for US civil rights and for African anti-colonial independence.
Spotlight on Strategic Risk Company Founder and CEO Van Carlson
Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Van Carlson, the founder and CEO of SRA 831(b) Admin, a strategic risk alternatives company in Idaho that administers 831(b) plans, which allows businesses to set aside tax-deferred funds for risks that are uninsured or underinsured.
Spotlight on New York Tax Attorney and Partner Sahar Zomorodi
Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Sahar Zomorodi, an Iranian-American attorney who is a partner in Baker McKenzie’s North America Tax Practice Group in New York.
Spotlight on Florida Local Government Tax Attorney Jacob Schumer
Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Jacob Schumer, an Orlando attorney who advises Florida’s local governments on taxes, special assessments, and user fees, among other issues.
Lewis Roca Recruits Partner to Denver Business Transactions Team
Katie Gerber has joined Lewis Roca as a partner and member of the business transactions practice group in Denver, the firm said Tuesday.
MGO Appoints Cesar Reynoso Leader of Public Company Practice
Cesar Reynoso, CPA, has been named leader of MGO’s public company practice, the firm said Tuesday.
Berger Singerman Makes Two Business, Finance and Tax Additions
Berger Singerman has added Michel Debolt as partner in Fort Lauderdale, Fla., and Carlos Julca as of counsel in Miami to the business, finance, and tax team, the firm said Thursday.