The IRS concluded that a target corporation did not join the purchasing corporation’s consolidated group until the target’s stock was released from escrow.

Congressional tax writers are nearing the end of a two-year process of setting the stage for tax reform through hearings and discussion drafts, but have yet to announce any plan to actually begin marking up a bill.

Recently released proposed regulations provide rules for expatriate health plans, expatriate health plan issuers and qualified expatriates under the Expatriate Health Coverage Clarification Act of 2014.

If finalized, the proposed regulations ( RIN 1506-AB26) would amend the FBAR regulations by eliminating the current signature authority filing requirement exemptions and adding a simplified and expanded exemption.

Many of the bills are direct responses to the IRS's heavily criticized handling of investigations into the tax-exempt status of many organizations in 2012 and 2013.

The files seized from an accountant can be used in tax prosecution against the accountant's client.

The expectation of 96% of dispute resolution partners in the UK's major law firms that their fees will increase (78%) or stay the same (18%) over the next three years, may be ill founded as two thirds of in-house counsel from leading UK listed companies expect the fees they spend on dispute resolution matters to stay the same (42%) or decrease (24%), according to a new survey* conducted by Grant Thornton's Forensic and Investigation Services Practice.

The IRS recently issued its annual revenue procedure updating the procedures for requesting private letter rulings (PLRs) and extensions of time for missed elections from the IRS Office of Chief Counsel.

It's no secret that falling oil prices have resulted in millions of dollars of lost revenue, the cancellation of major projects and significant job loss—both among oil and gas producers and service and supply companies.

On Feb. 21, 2017, the Council of the European Union (EU Council) reached agreement on the terms of a draft that expanded Anti-Tax Avoidance Directive (ATAD 2).

The Supreme Court has confirmed other lower-tier tribunals position (as well as former ECJ jurisprudence on that) stating that the burden of the proof is on the Revenue to ascertain...

IAS 36 ‘Impairment of Assets' assesses when and how to conduct an impairment review. It contains complex areas of guidance and therefore is challenging to apply in practice.

On 31 January 2022, the UAE's Ministry of Finance ("MoF") announced the much anticipated introduction of a federal Corporate Tax ("CT") on business profits under a prospective CT regime in the UAE.

The increased need to diversify the economy, changing operating models and promoting smart initiatives led by technology and employment continue to be key trends.

Top Republicans continue to stake out public positions on key elements of tax reform in an effort to shape the bills that tax writers are crafting over the August recess.

The Senate Finance Committee released five reports from its tax reform working groups this week that offer recommendations for international and business tax reform.

In its March 26, 2020 decision of Province of New Brunswick v. Grant Thornton, 2020 NBCA 18, the New Brunswick Court of Appeal expanded the "discoverability principle"...

With the 2017 federal budget likely due to be released in late February or March, there is speculation that the government may curtail the preferential tax treatment afforded to gains on the disposition of capital property

A linked note is a debt obligation in which the return is linked to the performance of one or more reference assets or indexes.

Canadian residents who are neither citizens, nor residents, of the United States can be subject to US estate tax?