IMF Suggests US Consumption, Carbon, Other Taxes to Cut Debt
The US should use new and higher taxes as one tool to help put its debt on a downward path in the years to come, the International Monetary Fund said Friday.
India issued draft rules Friday to ease concerns over an “angel tax” on foreign investors introduced recently by India’s Finance Minister Nirmala Sitharaman as an amendment to the income tax law.
The US should use new and higher taxes as one tool to help put its debt on a downward path in the years to come, the International Monetary Fund said Friday.
UAE corporate tax rules are starting to tax shape after the government released additional guidance on the transitional framework on Friday.
The Australian government said Friday that it had replaced the head of the body that regulates tax practitioners, just days before the opening of a parliamentary probe into the government’s use of outside consultants.
An investment firm broke anti-avoidance rules by trying to circumvent restrictions on the transfer of losses and tax attributes between companies, Canada’s top court ruled Friday.
The US should use new and higher taxes as one tool to help put its debt on a downward path in the years to come, the International Monetary Fund said Friday.
Ernst & Young’s US Chair Julie Boland has tapped two of the firm’s top leaders to streamline the firm’s operations as part of a leadership revamp rolled out this week.
India issued draft rules Friday to ease concerns over an “angel tax” on foreign investors introduced recently by India’s Finance Minister Nirmala Sitharaman as an amendment to the income tax law.
An investment firm broke anti-avoidance rules by trying to circumvent restrictions on the transfer of losses and tax attributes between companies, Canada’s top court ruled Friday.
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UAE corporate tax rules are starting to tax shape after the government released additional guidance on the transitional framework on Friday.
The Australian government said Friday that it had replaced the head of the body that regulates tax practitioners, just days before the opening of a parliamentary probe into the government’s use of outside consultants.
Chile’s government plans to call together political party leaders soon to reach an agreement on a new tax reform bill, Finance Minister
Our Spotlight series highlights the careers and lives of tax professionals around the world. This week’s Spotlight is on Kathleen “Kat” Gregor, a tax controversy attorney and litigator at Skadden, Arps, Slate, Meagher & Flom in Boston.
South Korea’s
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.
A businessman who claimed to operate a high-end concierge service featuring custom credit cards crafted from solid gold was actually operating an illegal private bank that provided discreet financial services to high-net-worth customers, prosecutors said.
The typically hyper-volatile
Gulf Binance, a joint venture between Binance and Gulf Innova, has received digital asset operator licenses from Thailand’s Ministry of Finance for a digital asset platform, according to a statement from Binance.
Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter. The details agreed to are tentative and a final accord is still not in hand. Plus, the two sides have yet to agree on the amount of the cap.
European financial firms catering to crypto companies are competing for top compliance staff as they manage a wave of demand following the collapse of US heavyweights
The cryptocurrency sector could be the subject of new regulation in California, and industry lobbyists are pushing back to ensure their businesses can still operate under new proposed scrutiny.
The Greek Office Gazette May 18 published Decision No. A-1069, clarifying the declaration and determination procedure of the temporary solidarity contribution for companies operating in the oil, natural gas, coal, ...
The Brazilian Official Gazette May 24 published Normative Instruction No. 2141, amending individual income tax rules. The normative instruction includes measures: 1) exempting interest on delayed employment payments; 2) exempting ...
The United Kingdom HM Revenue and Customs May 25 updated its guidance on advisory fuel rates (AFRs) for employer-provided company cars, to include rates taking effect June 1. The updated ...
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