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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 195
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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.

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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.

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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.

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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.

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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.

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Interview: The Fusion of Technology, Data, and Regulations in Commercial Real Estate with Jack Kern

AvidXchange

2017 research efforts found that CRE transaction activity might be tempered by modest economic improvements and higher interest rates, while new accounting standards on lease accounting and revenue recognition will likely increase compliance and administration costs for real estate investment trusts and engineering and construction companies.