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Research by the Canadian Federation of Independent Business and KPMG shows that in Canada and the US, the smallest companies carry the heaviest burden.
Corporate tax rates have decreased worldwide in the past six years to help countries attract investment, but indirect taxes are on the rise. So are tax audits and penalties as a source of revenue. Find out the six tax trends companies are likely to encounter worldwide.
The U.S. Internal Revenue Service (IRS) announced that it is postponing for at least one year the requirement that U.S. domestic entities report interests in specified foreign financial assets.
The US Internal Revenue Service (IRS) issued final regulations providing rules on information reporting by foreign financial institutions (FFIs) and withholding on certain payments to FFIs and other foreign entities.
In the past eight years, paying taxes has become easier and the tax burden lighter for many small and mid-size companies around the world, according to research by the World Bank and PwC. Find out which countries have the lowest tax rates and the least compliance hassles.
The American Taxpayer Relief Act permanently extends a large number of tax items from the 2001 and 2003 tax acts and extends many expired tax provisions. Here is a look at the many changes contained in the bill, as well as other new taxes that took effect January 1st.
The Internal Revenue Service, the US tax agency, issued final regulations designed to prevent corporations from avoiding the application of Sec. 304 to transactions in which they repatriate earnings from foreign subsidiaries.
When a Canadian tax credit programme came under scrutiny because of potential conflict of interest issues, the Canadian Institute of Chartered Accountants polled its members. Survey results suggest that the contingency-based fee arrangements, which attracted the attention of lawmakers, were an important tool to make the tax credit programme work.
To establish footholds in emerging markets, companies are sending more and more employees overseas, but many of their global mobility teams are ill-prepared for the financial and compliance risks that accompany such deployments.
US finance executives who are worried about the fiscal cliff and long-term federal government deficits are not optimistic that the upcoming election will improve business conditions.
As global companies increase their focus on tax efficiencies in mergers and acquisitions, tax authorities are stepping up their scrutiny. In this risky landscape, companies need a coordinated strategy with respect to tax audits and disputes.
While companies are waiting for the global economic climate to stabilise, they have time to look around for rapid-growth markets that might offer similar or better opportunities than China once their appetite for mergers and acquisitions returns. Ernst & Young’s M&A Maturity Index highlights some unexpected candidates.
More scrutiny during audits, transfer-pricing issues and rapid changes in international tax legislation top the list of global tax challenges in a survey of multinational companies. A global consortium of consultants takes a look at the tax issues and offers advice.
The US Treasury Department released a model intergovernmental agreement designed to implement the information-reporting and withholding-tax provisions in the Foreign Account Tax Compliance Act (FATCA).
The US Internal Revenue Service (IRS) issued rules to govern certain outbound asset reorganisations involving the transfer of intangibles under US tax Code Sec. 367(d) occurring on or after July 13th, 2012.
The US Supreme Court's decision to uphold a keystone of the Patient Protection and Affordable Care Act (PPACA), the centrepiece legislation of US health-care reform, is expected to reshape employer-sponsored health insurance. But small companies and companies that employ low-wage workers may feel the most acute effects.
The US Supreme Court on Thursday declared a mandate requiring US citizens and legal residents to maintain minimum essential health insurance coverage, to be a permissible exercise of Congress’s taxing powers under the Constitution.
The US Internal Revenue Service (IRS), the federal tax agency, said that it has collected more than $5 billion in its offshore voluntary disclosure programmes, the third of which was announced in January this year.
Some of the provisions of the Patient Protection and Affordable Care Act—ones that have already taken effect as part of the 2010 health reform legislation—could be here to stay. Depending on how the justices rule, employers could be in for bigger changes starting in 2014.
The acronym for the US Foreign Account Tax Compliance Act—FATCA—is easy to remember if one thinks of “fat cat.” Unfortunately, this may be the only thing about FATCA that is easy. This item highlights the provisions of FATCA that are most likely to affect US tax practitioners and their clients, the taxpayer reporting provisions of new Section 6038D of the Internal Revenue Code.
