International taxes

Multinationals are in line for a windfall from President Donald Trump’s call to cut the tax rate on U.S. companies’ stockpiled overseas earnings, but a select few would do better than others.

U.S. exporters have been claiming the DISC or IC-DISC tax break for more than 45 years. Despite these facts, some enterprises fail to take advantage of the federal government’s tax giveaways for Interest Charge Domestic International Sales Corporations. Here are 10 winning IC-DISC strategies an exporter can use.

More than 70 ministers and high-level representatives from countries around the world signed a tax treaty to prevent base erosion and profit shifting, but not the U.S.

Apple Inc. Chief Executive Officer Tim Cook said any new, lower federal tax rate on U.S. companies’ overseas earnings should be mandatory for all companies, and proceeds should be spent on upgrading U.S. infrastructure.

The Internal Revenue Service has updated its online registration system for the Foreign Account Tax Compliance Act to allow foreign financial institutions to renew their agreement with the IRS.

A federal court in Minneapolis has found Wells Fargo liable for a 20 percent negligence penalty for participating in a tax shelter sold by Barclays Bank that generated $350 million in foreign tax credits.

The House Ways and Means Committee held a hearing Thursday to examine how tax reform will grow the economy and create jobs, even as the turmoil surrounding the Trump administration threatened the prospects for the first comprehensive tax overhaul in more than three decades.

The tool helps companies calculate and comply with country-specific taxation rules that change often.

A hedge fund manager says the British tax collection agency can’t investigate his 2009 finances because of a mistake in the letter warning him about the probe.

High-net-worth individuals coming to the U.S. need good planning advice.

Four of the most significant transnational organizations are working together to eliminate transfer pricing schemes and abuses.

Avalara CEO Scott McFarlane warns that governments around the world are going to get digital.

Indirect tax compliance software vendors weigh in on the changes that are coming in the field, here and abroad.

Two U.K. soccer teams found themselves in the middle of the sport’s latest scandal after authorities conducted sweeping raids and made arrests over suspected tax fraud.

The U.S. has opted out of certain international bank reporting rules, and that may be of interest to high-net-worth individuals overseas. Venable’s Friedemann Thomma explains what this might mean for U.S. tax professionals and accountants.

Central and South America and the Caribbean offer the best opportunities for Americans looking for lower tax burdens.

The U.K.'s exit from the European Union will bring major tax uncertainties for U.S. businesses trading in the U.K., or using it as a platform to trade into the rest of the EU.

The second-largest Swiss wealth manager faces a sweeping tax evasion and money laundering investigation spanning five countries and potentially involving thousands of account holders.

Approximately two-thirds of residents of Group of 20 countries distrust politicians about the tax system, according to a new survey by a trio of accounting organizations.

The Tax Court decided in favor of Amazon.com in an expensive transfer pricing dispute with the Internal Revenue Service involving intellectual property that the e-commerce giant assigned to a European subsidiary in Luxembourg.