German multinationals are holding out hope that tax officials and China’s government can break an impasse over cross-border transfer pricing arrangements as the countries restart negotiations over a path to more tax certainty.

The OECD has handed tax authorities a robust, treaty-sanctioned framework to attack excessive debt financing, meaning corporate tax directors must ensure every intercompany financial transaction is backed by rigorous analyses, says STI Taxand’s Christos Theophilou.

Bloomberg Tax Insights & Commentary is featuring a recurring questionnaire of prominent tax professionals who are willing to share their thoughts about their work and the practice of tax these days. Today we feature Saul E. Rudo, chair of Katten’s transactional tax planning practice in Chicago.

The Australian Official Gazette April 28 published Act No. 1, Compilation No. 222, on the updated consolidated text of the Taxation Administration Act 1953, current as of April 1. [Australia, ...

The Brazilian Official Gazette April 28 published Decree No. 12,949, promulgating the air transport agreement with El Salvador, signed Sept. 21, 2022. The decree entered into force the same date. ...

The Chilean Internal Revenue Service April 23 issued Letter No. 896, clarifying VAT credit eligibility for vehicles imported under the disability tax benefit. The taxpayer, a service provider engaged in ...

Smithfield Packaged Meats Corp.'s win in a recently finalized California court ruling that shrinks its franchise tax liability is giving tax practitioners hope they can push for more exceptions to state rules for apportioning corporate income.

Bloomberg Tax Insights & Commentary is featuring a recurring questionnaire of prominent tax professionals who are willing to share their thoughts about their work and the practice of tax these days. Today we feature Saul E. Rudo, chair of Katten’s transactional tax planning practice in Chicago.

When Kevin Warsh hosts his first meeting as the new chair of the Federal Reserve, he’ll face an immediate dilemma: Stare down White House demands for immediate interest-rate cuts, or stare down fellow policymakers who remain skeptical of the need to ease.

A state university is immune from a borough’s stormwater charge because it’s a tax, not a fee for service, a divided Pennsylvania Supreme Court ruled Thursday.

Texas must increase hemp licensing fees in addition to banning smokable hemp in the state, a state official testified Thursday, to cover the cost of more state investigators to oversee the 14,000 businesses that currently sell hemp products.

The Maine Governor signed a law increasing the basic standard deduction for single individuals and married persons filing separate returns. The basic standard deduction is increased to $15,000 from $12,000 ...

Hello and welcome to the Transfer Pricing Report. I’m Caleb Harshberger, and this week we take a look at where Germany and China are in talks to bring APAs back between them. An action-packed IFA event featured practitioners and in-house tax pros talking about the latest in TP and related international tax topics. And the OECD’s ICAP nabs its 25th nation.

German multinationals are holding out hope that tax officials and China’s government can break an impasse over cross-border transfer pricing arrangements as the countries restart negotiations over a path to more tax certainty.

The OECD has handed tax authorities a robust, treaty-sanctioned framework to attack excessive debt financing, meaning corporate tax directors must ensure every intercompany financial transaction is backed by rigorous analyses, says STI Taxand’s Christos Theophilou.

Bloomberg Tax Insights & Commentary is featuring a recurring questionnaire of prominent tax professionals who are willing to share their thoughts about their work and the practice of tax these days. Today we feature Saul E. Rudo, chair of Katten’s transactional tax planning practice in Chicago.

The United Kingdom HM Revenue and Customs April 28 posted a synthesized text of the 2013 DTA and protocol with Spain, and the Multilateral Convention to Implement Tax Treaty Related ...

The United States Department of the Treasury April 28 announced the same date signing of a second protocol to the DTA with Croatia, signed Dec. 7, 2022. [United States, Department ...

A federal appeals court sent a case involving Hyatt Hotels’ customer rewards program back to the US Tax Court, and the final ruling could transform how these programs are structured, say Miller Canfield’s Loren Opper and Christie Galinski.

The OECD has handed tax authorities a robust, treaty-sanctioned framework to attack excessive debt financing, meaning corporate tax directors must ensure every intercompany financial transaction is backed by rigorous analyses, says STI Taxand’s Christos Theophilou.

Bloomberg Tax Insights & Commentary is featuring a recurring questionnaire of prominent tax professionals who are willing to share their thoughts about their work and the practice of tax these days. Today we feature Saul E. Rudo, chair of Katten’s transactional tax planning practice in Chicago.

International tax scrutiny is intensifying, with disputes increasingly focused on intangibles, cross-border structures, and the correct characterization of royalties, says Baker McKenzie’s Antonio Weffer.

Tax predictability is win-win, as it helps multinationals stay compliant and decide how to structure new business operations, and reduces time-consuming audits and tax litigation for country governments, writes Jefferson VanderWolk of Squire Patton Boggs.

Tax professionals must move from passive reliance to active verification. “Human-in-the-loop” verification will preserve the integrity of the tax system, says a visiting adjunct faculty member at Texas A&M University.