President Trump and the Republican-controlled Congress have indicated that comprehensive tax reform is currently one of the federal government's top
Whether default interest following verification or inspection procedures is deductible depends on the fiscal year under inspection and the date when
In its decision dated January 28, 2016, the Administrative Court of Appeal of Versailles provided some interesting details about the consequences of
This is an important update for any company that is a party to an inter-group services transaction and is applying a cost-plus transfer pricing
In this regulation, the SAT clarifies several issues related to CIT calculation. The following main points shall be noted: CIT treatment for assets
Budget 2014 has Bill English's Speights-style "Southern Man" brand written all over it. It is prudent, pragmatic, steady, unexcitable. English can
Are you able to accrue and deduct annual bonuses for a 2013 calendar year performance period in 2013, so long as you pay the bonuses to your
The First-tier Tribunal ('FTT') has held in Fidex Ltd v HMRC,1 that a loan relationship debit should not be disallowed under paragraph 13, Schedule 9
On July 30, 2012, the IRS Large Business & International (LB&I) Division issued guidelines intended to reduce the controversy associated with partial worthlessness deductions claimed by insurance companies.
On February 22, 2012, the Obama administration issued The President’s Framework for Business Tax Reform, an outline for what would be the first major overhaul of the U.S. Tax Code since 1986.