European Union lawmakers finally approved a trade deal with the US, clearing a key obstacle for the long-delayed agreement despite lingering uncertainty about Washington’s tariffs.

Life Insurance Corp. of India said it received a notice from the income tax authorities seeking 61.47 billion rupees ($654 million) in past dues and 9.53 billion rupees in interest, according to a filing late Wednesday.

Tax shelter promoters, unlike tax preparers, aren’t named on their customers’ tax returns. And whether the tax-cutting strategy they recommend is allowable can be an open question until the IRS weighs in, which can take years, even when the agency is at full strength. Today, headcount at the IRS is down roughly 25% since President Donald Trump returned to the White House.

The Big Four accounting and consulting firms are looking to stay competitive as artificial intelligence shakes up their industry by pivoting to focus on multi-year contracts meant to reinvent and run corporate back-office suites.

Companies looking to transfer existing IP from offshore affiliates to US entities, or to place all newly created IP in US affiliates, should know that each choice poses tax and legal challenges.

If the US Supreme Court rules for the plaintiffs in Chamber of Commerce v. DHS, fees may return to the status quo, but foreign-born workers may not. Businesses that need foreign-born talent must think outside the box to develop a stable policy that can endure and attract these workers.

The Louisiana Attorney General (AG) issued an opinion determining that a disabled veteran who co-owns and occupies their primary residence with a spouse under a community property regime is entitled ...

Average Wall Street bonuses jumped to a record last year, with the total pool for payouts rising to $49.2 billion as profits and revenues soared.

Tax shelter promoters, unlike tax preparers, aren’t named on their customers’ tax returns. And whether the tax-cutting strategy they recommend is allowable can be an open question until the IRS weighs in, which can take years, even when the agency is at full strength. Today, headcount at the IRS is down roughly 25% since President Donald Trump returned to the White House.

The Big Four accounting and consulting firms are looking to stay competitive as artificial intelligence shakes up their industry by pivoting to focus on multi-year contracts meant to reinvent and run corporate back-office suites.

If the US Supreme Court rules for the plaintiffs in Chamber of Commerce v. DHS, fees may return to the status quo, but foreign-born workers may not. Businesses that need foreign-born talent must think outside the box to develop a stable policy that can endure and attract these workers.

The Washington Governor signed a law which would allow businesses and state agencies to round in-person cash transactions to the nearest five-cent increment, eliminating the need for pennies while maintaining ...

The Australian Taxation Office issued new guidelines on thin capitalization and debt deductions for branches of foreign banks, detailing which arrangements the tax office will consider risky and worthy of an audit.

Australia is providing tax practitioners with guidelines for understanding their statutory obligations to behave ethically when using artificial intelligence tools in their work.

CJEU rulings have clarified transfer pricing’s impact on VAT and customs, prompting corporate reassessment.

The Finnish Ministry of Finance March 20 opened a consultation on the draft proposal to enact a law to suspend the 1996 DTA and protocol with Russia due to the ...

A United Nations group of tax experts agreed Tuesday to help developing countries tackle improper transfer pricing in the tech sector by drafting new guidance.

Indian pharmaceutical company Divi’s Laboratories Ltd. plans to fight new tax adjustments related to the company’s transfer pricing and corporate tax positions.

Follow any March Madness game, the popular NCAA basketball tournament, on your phone this week and it might feel like you’re experiencing the same pattern: score update, betting prompt, score update, betting prompt. Even Coinbase, the crypto app, is pushing March Madness “markets” to home screens.

For the first time, aging law firm owners have a succession option that doesn’t require internal buyers, competitor sales, or wind-downs: Management Services Organizations, or MSOs.

Companies looking to transfer existing IP from offshore affiliates to US entities, or to place all newly created IP in US affiliates, should know that each choice poses tax and legal challenges.

If the US Supreme Court rules for the plaintiffs in Chamber of Commerce v. DHS, fees may return to the status quo, but foreign-born workers may not. Businesses that need foreign-born talent must think outside the box to develop a stable policy that can endure and attract these workers.

The shift to usage-based billing moves value-added tax risk into places tax teams don’t traditionally control. They need to focus attention on operational questions.

The US Supreme Court’s recent tariff ruling created a potential opportunity for importers of record to recover unlawfully imposed tariffs, but it didn’t create a right of recovery for downstream purchasers.