Virgin Islands Importers Waited Too Long to Challenge Excise Tax
The Virgin Islands convinced a federal trial court to dismiss consolidated excise tax refund claims by seven businesses who regularly import goods into the US territory.
The European Court of Justice upheld Monday EU-wide tax reporting rules that require details from intermediaries involved in the design, marketing or operation of potentially aggressive cross-border tax arrangements.
Chile is dialing back ambitions for its income tax reform plans that it aims to approve during September, the country’s finance minister said in an interview published on Sunday.
The G20 finance ministers have called on countries to wrap up negotiations on the global tax deal and implement agreements.
India is awaiting a final agreement among negotiators of the overall global tax deal before implementing the minimum tax, according to Ravi Agrawal, chairman of India’s Central Board of Direct Taxes.
Tax lawyers in Canada are pushing the government to expand the jurisdiction of the country’s Tax Court after a pair of high court rulings confirmed that tax disputes, including transfer pricing challenges, must be adjudicated in two different tribunals.
The Virgin Islands convinced a federal trial court to dismiss consolidated excise tax refund claims by seven businesses who regularly import goods into the US territory.
A United Nations committee crafting the foundations of a new global tax treaty began its final round of negotiations Monday with stark disagreements remaining between wealthy and developing economies.
KPMG auditors worldwide now rely on generative artificial intelligence to monitor risks that could reshape their clients’ accounting and to verify corporate revenues and assets values, the Big Four firm said on Monday.
UK authorities confirmed their plan to reform the tax treatment of carried interest and are seeking input on the subject.
The UK government is seeking comment on a new law that would adopt an anti-avoidance rule corporate taxpayers need to follow to qualify for a global minimum tax safe harbor calculation.
Several Michigan business associations urged a district court to rule that a law requiring entities to disclose their beneficial owners to the federal government is unconstitutional because they say it impermissibly affects noncommercial entities and gathers evidence without a warrant.
The UK’s new Labour government said Monday it will slash spending on external consultants to help plug a £22 billion ($28 billion) hole in the national budget, threatening a sizeable revenue stream for the four biggest accounting and advisory firms.
Groups have added to calls for the EU to revise or even scrap its reporting rules on cross-border tax arrangements, known as DAC6, arguing that they impose a lot more work for tax advisors and companies alike.
Costa Cruises has been granted an appeal in a transfer pricing dispute involving an agency contract with a Brazilian subsidiary that Italian tax authorities requalified as an intercompany loan.
In 2021, 137 countries agreed on a global minimum corporate tax rate of 15% for big global companies. This video explains why countries felt such a tax was needed and how it will work.
KPMG auditors worldwide now rely on generative artificial intelligence to monitor risks that could reshape their clients’ accounting and to verify corporate revenues and assets values, the Big Four firm said on Monday.
Iren said its board has begun examining the final reports of the extraordinary audits activated after the legal proceedings involving its former CEO,
His cowboy-and-superhero nonfungible tokens led Donald Trump down the digital-asset rabbit hole. He emerged as a crypto advocate, and now industry heavyweights are lining up to return him to the White House.
Donald Trump said he would fire the Securities and Exchange Commission chair and pick crypto-friendly regulators if he returns to the White House in a bid to court virtual currency enthusiasts and harness the industry’s growing influence in the political arena.
The Dutch Official Gazette July 25 published a law ratifying the DTA and protocol with Malta, for the benefit of Curacao, signed Nov. 18, 2015. The agreement incorporates the minimum ...
The Hong Kong Inland Revenue Department July 25 issued a circular extending the filing deadline under the block extension regime, to Aug. 29 from Aug. 15, for 2023-2024 profits tax ...
The Gibraltar Parliament July 25 accepted for consideration Bill No. B. 23/24, the Income Tax (Amendment No. 2) Bill 2024, to amend the Income Tax Act 2010. The bill includes ...
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