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Supreme Court suggests support for 2017 tax on foreign earnings

Accounting Today

Key justices suggested the tax, which aimed to collect hundreds of billions of dollars on a one-time basis, wasn't fundamentally different from other levies imposed by Congress over the years.

Tax 180
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Supreme Court upholds US tax on foreign business income

Accounting Today

Supreme Court upheld a 2017 tax on American-owned businesses' foreign profits, rejecting an appeal that could have saved companies hundreds of billions of dollars.

Tax 222
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NYC seeks millions from Silicon Valley Bank for taxes

Accounting Today

The city cites corporation business tax "deficiencies" for 2017 through 2021 and is also seeking interest and penalties from the failed bank.

Tax 180
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Airbnb to pay €576M to settle Italian tax claim

Accounting Today

Italy's finance police had claimed that the company failed to pay taxes on about €3.7 billion of rental revenue and claimed that the company owed about €779 million after an audit of the tax years from 2017 to 2021.

Tax 174
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Navigating the Foreign Account Tax Compliance Act (FATCA) in Singapore

Counto

persons, the Common Reporting Standard (CRS) aims to fight global tax evasion more broadly. CRS requires financial institutions to report account information related to tax residents of countries participating in the CRS agreement. Common Reporting Standard (CRS) While FATCA specifically targets U.S.

Tax 52
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Everything you need to know about raising carbon tax in Alberta and BC

Acton Accounting & Bookkeeping

Bill 20 has introduced a $20 per tonne carbon levy commencing January 1st, 2017. Ø Tax Rebate: Amendments in the Corporate Tax Act will help small businesses, adjust to the carbon price. From 2017, single adults will receive cheques of up to $200 and couples $300 per year, depending on their income.

Tax 52
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Trump eyes keeping 21% corporate tax, extending individual cuts

Accounting Today

Donald Trump plans to make permanent the 2017 individual tax cuts that he enacted as president while keeping corporate tax levels unchanged in an appeal to working and middle class voters should he retake the White House.