Trump Could Dust Off Tax Rule for French Retaliation
Countries around the world are talking about taxing the revenue of giant digital-business companies. In July, France became the first European country to enact a digital services tax—immediately drawi...
1 Aug 201912min
Trust Tax Questions Remain After High Court Ruling
The Supreme Court in June threw out North Carolina’s taxation of a family trust’s income because the trust didn’t have enough of a connection to the state. The decision, in the case of the Kimberley R...
25 Jul 201914min
China Refuses US Audit Inspections. Why it matters
Effective auditing of companies' financial statements is important for investor confidence, but Chinese companies traded in the U.S. don't get U.S. oversight of their audits as other companies do. And...
18 Jul 201918min
SALT Cap Workarounds: States Try Pass-Through Taxes
When Congress put a $10,000 cap on the amount of state and local taxes individuals can deduct from their federal income taxes, high-tax states tried to fight for their residents in a couple of differe...
11 Jul 20199min
IRS Top Attorney Names Priorities Post-2017 Tax Law
Michael Desmond became the Internal Revenue Service’s chief counsel earlier this year as the agency was well into implementing the complex 2017 tax code overhaul. In a wide-ranging conversation with s...
27 Jun 201933min
Buying Online? ‘Wayfair’ Tax Is Straining E-Commerce
The U.S. Supreme Court’s 2018 South Dakota v. Wayfair decision upended a 26-year precedent that limited a state’s authority to tax goods being sold across state lines. A year later, states have amende...
20 Jun 201915min
C Corp Conversation: Companies Vet 2017 Tax Law Options
The 2017 tax law lowered the corporate tax rate to 21%. That has some companies taking a look at their corporate structure and asking: Is a C corp better? "We have the conversation a lot," said Eliza...
13 Jun 201914min
Global Tax Revamp Focuses on Getting Consensus by 2020
The OECD released a blueprint for how to rewrite global tax rules. The group hopes to get international consensus around proposals to set a global minimum tax and reallocate more of companies’ taxable...
6 Jun 201915min
