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The organization recently issued important new guidance that has significant implications for U.S. companies doing business abroad.
August 2Wolters Kluwer Tax & Accounting North America -
The service is offering a program to speed up processing of requests for letter rulings from its associate chief counsel, mostly on behalf of corporations.
July 26 -
GOP members of the Ways and Means Committee want to prevent an international tax agreement backed by the Biden administration from taking hold.
July 20 -
Ottawa has pledged to implement a new digital services tax in early 2024, unless a global tax agreement is ratified by OECD countries.
July 18 -
The Biden administration secured an extension of a worldwide freeze on new digital taxes, putting it on a collision course with Canada after Ottawa refused to endorse the deal.
July 12 -
Global corporations are hoping to fend off requirements for reporting on the amount of taxes they pay in each jurisdiction, while regulators are moving forward cautiously with imposing such rules.
June 29 -
A recent study of companies with enterprise resource planning systems found they are correlated with lower tax burdens and more aggressive tax positions.
June 29 -
The Internal Revenue Service provided transitional guidance on the 1% excise tax on corporate share repurchases that was part of last year's Inflation Reduction Act.
June 29 -
Pressure on companies to disclose their tax approach, including how much and where they pay their taxes, isn't going away.
June 28Global Reporting Initiative -
The Top 10 Firm is becoming a professional service corporation instead of a partnership in July, a move that could have a major impact on the finances of its partners and employees.
June 27