From alvarezandmarsal.com: This comprehensive guide navigates through the critical income tax accounting insights under ASC 740 for Q1 2025.
It covers key areas including the legislative and regulatory environment, tax law changes, accounting standards updates, state legislation changes, and international tax developments.… read more
From alvarezandmarsal.com: Rising tariffs and shifting trade agreements are transforming global trade dynamics, particularly impacting ASEAN exports and necessitating a strategic rethink of operational strategies.… read more
From www.abc.net.au: PepsiCo faces a High Court case initiated by the ATO, which claims the company is liable for royalty withholding tax on sales of its soft drink concentrate to Schweppes Australia.… read more
From alvarezandmarsal.com: (US context) Double taxation in corporate structures and the interplay between Section 245 and Section 956 pose intricate tax challenges for corporations.
A&M Tax professionals Alon Kritzman, Kenneth Brewer, and Logan M.… read more
From alvarezandmarsal.com: (US context) The implications of the DOJ Bulk Sensitive Data Rule, highlighting its focus on preventing access to U.S. sensitive personal data by certain nations and the increased security expectations for companies.… read more
From Tax Office: With limited exceptions, from 1 April 2025 to 31 March 2027, foreign persons are banned from purchasing established dwellings in Australia.
This includes temporary residents purchasing an established dwelling for use as a principal place of residence.… read more
From www.icaew.com: (UK context) HMRC updated its international manual with guidance on the tax treatment of lump sum pension payments under the UK’s double tax agreements, clarifying that most payments are taxed only in the recipient’s state of residence.… read more
From www.accountingweb.co.uk: (UK context) Chancellor Rachel Reeves did not announce any major tax changes during the Spring Statement, while the UK’s growth forecast was downgraded from 2% to 1%.… read more
From www.accountingtoday.com: The French government is increasingly utilising artificial intelligence to detect tax fraud, leading to a significant rise in inquiries and penalties.
In 2024, the government reported a total of €16.7 billion in detected tax fraud, which is a 10% increase from the previous year.… read more
From www.journalofaccountancy.com: The U.S. Treasury Department has narrowed the beneficial ownership information (BOI) filing requirements to only foreign entities, exempting U.S. companies and persons from reporting.… read more
From alvarezandmarsal.com: U.S. trade policy changes under the Trump administration have brought a focus on reciprocal tariffs, scrutiny of VAT systems, and the need for businesses to adjust their strategies due to increasing enforcement.… read more
From alvarezandmarsal.com: Swiss administrative criminal law emphasises personal responsibility in tax evasion cases, extending beyond the taxpayer to individuals involved in tax dealings.
A recent court decision highlights this, stressing the importance of compliance with Swiss tax laws, especially withholding tax, and the potential implications for other taxes like VAT.… read more
From allens.com.au: Recent changes in foreign investment policy have been introduced, including a ban on foreign persons buying established dwellings, lower application fees for build-to-rent investments, and enhanced scrutiny of tax arrangements.… read more
From www.claytonutz.com: The Australian Treasury’s quarterly report for Q1 2024/25 highlights that the United States remains the largest source of foreign direct investment in Australia, with total approved investments of $22.9 billion.… read more