The classification of premises as either RP or CRP for GST purposes has long been an area of unnecessary complexity.
The new Budget expects some businesses to pay tax before receiving payment from customers, creating cashflow problems.
The draft reforms may allay investor concerns about tax losses, when the ownership of an infrastructure project changes.
The Government has released exposure draft legislation that could result in the FBT tax rate increasing to 47 percent.
A briefing note, which outlines the post April 2009 situation concerning discovery, information notices and discovery assessments in the light of a number of tax cases.
In the latest budget, Chancellor George Osborne announced that the corporation tax rate in Britain will be cut by an additional one per cent to 20 per cent by April 2015.
On January 17, 2013, the United States Treasury Department released final regulations under the Foreign Account Tax Compliance Act.
EMI options are intended to help smaller companies with growth potential, and the major tax advantages of EMI have always been no UK income tax at grant and no UK income tax at exercise if the exercise price is set at market value.
The Kansas Governor Sam Brownback approved legislation that implements click-through nexus and affiliate nexus provisions for purposes of the state's sales and use tax.
The Texas Court of Appeals has held that a hospitality company's purchases of consumable items, including soap and shampoo that it provided to its hotel guests, was exempt from Texas sales tax under the sale-for-resale exemption.
The South Carolina Supreme Court issued its long-awaited decision in Bodman v. South Carolina, holding that the state’s sales and use tax exemption and cap scheme, as a whole, does not violate the state constitution’s equal protection guarantee and prohibition against special legislation.
Recently published Technical Advice Memorandum 201317010 limits the circumstances in which a complex, non-grantor trust can materially participate in the activities of an S corporation.
On May 6, 2013, the United States Senate passed the Marketplace Fairness Act of 2013 (the "Act") by a vote of 69 to 27.
The IRS has concluded in a recent legal memorandum that a taxpayer's activities related to producing an electronic version of a book did not result in qualified production property under Section 199(c)(5)(A).
The IRS Large Business and International Division has instructed its examiners that under some circumstances, they should not challenge a taxpayer’s treatment of milestone payments made to investment bankers.
The IRS Integrity and Verification Operations group is delaying a number of taxpayer refunds to screen for identity theft and refund fraud.
The Treasury Department and the IRS have recently issued proposed regulations under section 162(m)(6) of the Internal Revenue Code, which generally imposes an annual $500,000 limitation on the amount that certain health insurers and their affiliates may deduct for compensation paid to an employee.