Premier League Shakes Up as Over 300 Footballers Probed for Tax Avoidance
Global tax and accounting My Football Facts ⇒ Articles By Martin Graham | 11th Jul 2022 According to recent reports, […]
The Cost of Non-Compliance With IRS Form 926
IRS Form 926 is the form U.S. citizens and entities including estates and trusts must file to report certain exchanges or transfers of property to a foreign corporation. This would include transfers of cash over $100,000 to a foreign corporation, or situations in which the transfer of cash resulted in owning more than 10% of the foreign corporation’s stock. This reporting requirement applies to outbound transfers of both tangible and intangible property
Crypto trading volume drops in India as additional taxes hit investors
Us gaap revenue recognition India’s government on July 1 implemented a 1% tax deducted at the source (TDS) on every
Conservatives, NDP call on CRA Commissioner to explain allegations of wrongdoing at global tax division
Us totalization agreements The Conservative Party and the NDP are calling on Canada Revenue Agency Commissioner Bob Hamilton to testify
2022
Yellen Looks to Get Global Tax Deal Back on Track…
Foreign asset reporting WARSAW — Treasury Secretary Janet L. Yellen arrived in Europe this week to join U.S. allies in
Frozen: How the Revocation of the U.S. – Russia Tax Treaty Puts Global Trade on Thin Ice
This blog post is an update to IWTA founder Jack Brister’s article published in JD Supra on March 18, 2022, entitled, “Frozen: How the Revocation of the U.S. – Russia Tax Treaty Puts Global Trade on Thin Ice.” The Biden administration is poised to fully block Russia’s ability to pay U.S. bondholders. The Treasury Department told multiple news outlets that it had suspended its tax information exchanges with Russia. Read more…
International Tax in 2022: The Year of Disclosure and Investment
For taxing authorities around the world, monitoring taxpayer disclosures and transparency will be a top line item in 2022, meaning taxpayers — especially high-net-worth individuals and corporate entities — should expect more scrutiny into their affairs. Governments are in a unique position as they navigate multiple demands and pressures.
Three Key Tax Implications of the Biden Administration’s New Infrastructure Bill
The long-awaited infrastructure proposal was approved by Congress late last week and has been signed into law by President Joe Biden. As part of the President’s mission to “build back better,” the proposal is a considerable investment in the country’s infrastructure.
And while not as large as once envisioned — originally, it was $3.5 trillion — it is still a substantial amount at $1.2 trillion. Funding for the Infrastructure Bill will come from a few sources.
International tax expert Jack Brister comments on some of the tax changes that will impact businesses and investors.
It Happened in South Dakota
The Pandora Papers, a recent reveal of pervasive cross-border financial crime and elaborately-crafted tax dodging structures, as reported by a global network of investigative journalists, has
already shaken up governments and elections, upended tax authorities and initiated criminal investigations… Perhaps the most intriguing revelation of all from a stateside perspective was the emergence of South Dakota as a preferred tax haven of the rich and famous.
