Homeowners have seen their houses appreciate in value dramatically in most parts of the country over the past several decades, and in most cases, the assessed value for real property taxes has kept pace with the rise in the real value of the property itself. But not in California. The… – Continue reading
A peak into the treatment of estate tax and inheritance tax in the different states of the USA. ... - Continue reading
A peak into the treatment of a tax evasion investigation conducted by the CRA. ... - Continue reading
Barbados to fight for being unjustly blacklisted by the European Union. ... - Continue reading
The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) has stated that Latin American SANTIAGO, July 6 (Xinhua) — Latin American countries must turn to effective fiscal policy to cushion the social and economic impact of the COVID-19 pandemic and reactivate local economies, the United Nations Economic… – Continue reading
OECD informs that the United States are still open to a discussion on digital tax despite asking for a pause due to more pressing matters. ... - Continue reading
More on the Canada-US tax treaty. ... - Continue reading
The U.S. Supreme Court refused to question a ruling that technology companies including Facebook Inc. and Google say will cost them billions of dollars in taxes by limiting deductions for stock payments to employees. The justices without comment Monday turned away an appeal by Intel Corp.’s Altera unit, which challenged… – Continue reading
The USA backs down from talk regarding digital tax, hence engendering disagreements from European countries. ... - Continue reading
A further discussion on the possible treatment of digital taxes in today's world where it has its hugest economic presence. ... - Continue reading
The USA seems to be relentless at discouraging the trending 'Digital Tax which seems inevitable now. France has also already shown a keenness towards its imposition, and now it's the turn of Indonesia. ... - Continue reading
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, U.S. corporations can now elect to carryback losses incurred in 2020 for a five-year period (2015 to 2019). While losses incurred in 2018 and 2019 can also be carried back five years, this article addresses 2020 current year opportunities. The… – Continue reading
The United States and Curacao have joined hands to better counteract tax avoidance on the behalf of multinationals. ... - Continue reading
This article throws light upon the recommendations of the Government Accountability Office(GAO) about its banking system. ... - Continue reading
Since March 2020, the BVI International Tax Authority (the "ITA") has been accepting electronic filings for Country-by-Country Reporting ("CbCR") following the lockdown situation. ... - Continue reading
A look at the tax relief that Canada is providing during this unforeseen crisis. ... - Continue reading
The Internal Revenue Service (IRS) and U.S. Treasury Department have released anti-hybrid laws for offshore transactions. ... - Continue reading
A simple way to invest in US Treasury bonds is to invest in a low-cost ETF listed in the US ... - Continue reading
Canada helps small and medium as well big businesses in the midst of the COVID-19 pandemic. ... - Continue reading
Clarifications regarding Aliyah for Canadian residents. ... - Continue reading
The ordeal of expats in the midst of this COVID-19 crisis. ... - Continue reading
All about residency, education and tax filing in Canada. ... - Continue reading
On the 8th of April 2020, the Internal Revenue Service (IRS) presented its laws on hybrid arrangements, which would strengthen its efforts against tax avoidance by multinationals. ... - Continue reading
The United States Council for International Business (USCIB) suggests temporary halt to negotiations around digital tax handling for multinationals. ... - Continue reading
The Federal Court of Appeal of Canada concluded tax investigations case in favour of Alta Energy. ... - Continue reading
Economists warn about one of the worst recessions in history following the COVID-19 pandemic crisis. This could have an especially bitter outcome in countries with weaker employee rights like the United States. ... - Continue reading
The USA is doing its part at alleviating the burden upon its businesses in during this pandemic crisis. ... - Continue reading
Panama has been unsuccessful in being removed from FATF's grey list as the global organisation says the country still has deficiencies in its anti-money laundering rules. ... - Continue reading
The United Kingdom unwilling to forsake revenue generated from the digital industry. ... - Continue reading
Lebanon’s Justice Minister Marie-Claude Najm said on Thursday that the Lebanese cabinet has approved a draft law to lift banking secrecy, MTV local TV channel reported. Also, Lebanon’s financial prosecutor Ali Ibrahim froze the assets and properties of 20 Lebanese banks. Lebanon has lately witnessed a shortage in U.S. currency… – Continue reading
With the conclusion of a grace period on Jan. 1, Canadian banking institutions are required to attain US identification numbers for Canadian clients under FATCA or face fines. ... - Continue reading
On February 18, 2020, EU finance ministers updated the EU Blacklist, adding four jurisdictions—the Cayman Islands, Palau, Panama and Seychelles. ... - Continue reading
A few changes have been made to the Mexican tax laws for 2020. Here are the highlights. ... - Continue reading
More jurisdictions worried about their economy following OECD's new corporate tax laws ... - Continue reading
On February 12, the Federal Court of Appeal (FCA) released its decision in The Queen v. Alta Energy Luxembourg S.a.r.l.1 (Alta Energy), a case that represents an attempt by the Canadian tax authority to relitigate the issue of whether Canada’s domestic general anti-avoidance rule (GAAR) can apply to curtail so-called “treaty shopping”.2 ... - Continue reading
Puerto Rico has amended its income tax rules to allow taxpayers to fully deduct intercompany expenses if taxpayers file a transfer pricing study with their income tax return, due April 15, 2020, if not extended. ... - Continue reading
What's new about Dominican Republic's tax laws? Here's more. ... - Continue reading
