Altera’s Tax Saga—Is It All Just Foofaraw?
Talking Tax12 Loka 2018

Altera’s Tax Saga—Is It All Just Foofaraw?

Intel subsidiary Altera Corp. and the Internal Revenue Service will meet again this month in the 9th Circuit in a case watched by Facebook, Google, and others. A loss for the computer chip-maker could be detrimental to Silicon Valley. A central question in the case turns on the complicated question of allocating costs. But is the case anything more than procedural foofaraw? And was it appropriate for the court to withdraw a previous opinion and replace a deceased judge five months after his death? In this week’s special edition of Talking Tax, Bloomberg Tax reporter Sony Kassam and legal editor Carolina Vargas get the answers to these questions and more. This episode features Susan Yorke, an attorney in the Ninth Circuit; Barbara Mantegani, a tax advisor and founder of Mantegani Tax; and Calvin Johnson, a professor at the University of Texas in Austin. This episode is part two of a three-part series examining the case. Hosts: Sony Kassam and Carolina Vargas. Producer: Nicholas Anzalotta-Kynoch.

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Cross-Border Tax Fraud an Old Story, Roman Scroll Shows (Rerun)

Cross-Border Tax Fraud an Old Story, Roman Scroll Shows (Rerun)

For the holidays, we serve up an encore presentation of a Talking Tax podcast that shows cross-border tax fraud has been around a long time. When researchers studied a previously mislabeled scroll,...

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What Comes Next for the IRS and Tax After the Long Shutdown

What Comes Next for the IRS and Tax After the Long Shutdown

Congress is back after ending the longest shutdown in US history. But the bipartisan accord left funding for the IRS and Treasury Department ending in less than three months and the fate of the enhanc...

19 Marras 202515min

Mamdani's NYC Tax Agenda Prompts Advisers to Caution Patience

Mamdani's NYC Tax Agenda Prompts Advisers to Caution Patience

New York City Mayor-elect Zohran Mamdani ran on an expansive affordability agenda that would be paid for by higher taxes on corporations and wealthy individuals. The democratic socialist's vision w...

13 Marras 202511min

Grant Thornton Leader Leveraged PE Deal to Raise Audit Bar

Grant Thornton Leader Leveraged PE Deal to Raise Audit Bar

Grant Thornton’s top audit leader is bullish on the practice’s future after a 2024 deal that sold a significant stake in the accounting and advisory firm to private equity investors led by New Mountai...

5 Marras 202520min

Plan to Drop 10-Qs Threatens to Trip Up Analysts' AI Models

Plan to Drop 10-Qs Threatens to Trip Up Analysts' AI Models

A Trump administration push to reduce the frequency of corporate earnings reports risks hurting the accuracy of artificial intelligence-fueled models used by analysts, an accounting adviser said. C...

29 Loka 202517min

 Treasury Is Working to Implement GOP Tax Law Amid Shutdown

Treasury Is Working to Implement GOP Tax Law Amid Shutdown

Despite the ongoing US government shutdown, many at the Treasury Department remain on the job working on guidance related to the July GOP tax law. Those at Treasury handling the international provi...

22 Loka 202516min

Ireland Mulls Tax Options to Stay Competitive in Global Economy

Ireland Mulls Tax Options to Stay Competitive in Global Economy

Ireland has presented a frugal budget for 2026 in the face of uncertainties caused by President Donald Trump's tariff and tax policies. The 15% global minimum tax on corporations and Trump's threa...

16 Loka 202511min

What an IRS CEO Means for Tax Administration, Agency Functions

What an IRS CEO Means for Tax Administration, Agency Functions

Taxpayer advocates are keeping close watch on this week's decision to name Social Security Administration Commissioner Frank Bisignano as CEO of the IRS, and have many questions about what it could me...

8 Loka 202515min

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