On February 8, the U.S. Supreme Court stated it will not resolve this hotly-contested issue until at least the fall

In many countries the tax leaders notice changes in tax authority scrutiny of the business affairs especially as governments begin to address budgetary pressures arising from responding to the COVID-19 pandemic.

The Reserve Bank of India (RBI) has recently issued a directive aimed at fortifying the internal compliance monitoring systems of various financial institutions.

This is the year of landmark reforms: GST and the Bankruptcy Code (Code). While the Code is hailed as one of the best, the devil lies in the detail.

The year 2023 has witnessed several regulatory reforms by the government, many of which were aimed at promoting the ease of doing business.

The European Commission's move to simplify the General Data Protection Regulation (GDPR) represents a necessary, though carefully calibrated, shift in the EU's Data Privacy regulatory approach.

Identical to most reforms across the globe, GST too is expected to be a mixed bag of pluses and minuses for a business.

Demand No 22 – Defense pensions Total Defense expenditure (excluding Defense pensions) (INR crore) 4.65% increase in capital outlay US$78.57 billion (INR6.81L crore) US$20.76 billion

Budget 2016 is the first Budget to be announced during the implementation period of Malaysia's 11th Malaysia Plan (2016-2020).

Spring is upon us and our thoughts turn toward spring flowers, warm evening walks, barbecues and doing taxes.

Ernst & Young's ("E&Y") employment agreements contained "separate proceedings" and arbitration provisions, which together required that disputes be resolved individually through arbitration...

In a case with important implications for companies that utilize legal analysis in establishing reserves for their financial statements, the United States Court of Appeals for the First Circuit recently decided that tax accrual work papers incorporating counsel’s views of the possibility – and likely outcome – of disputes with the IRS are subject to work-product protection.

The Southern District of New York, in Schaeffler v. United States, recently denied a petition to quash an IRS summons for a tax memorandum.