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TAX NEWS

Citigroup may benefit less from tax cuts than other US banks

Citigroup may benefit less from tax cuts than other US banks
NEW YORK: Citigroup Inc stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the new government in Washington. A number of bank stock analysts have worked through broad tax proposals by Republicans and ...

Tax Shelter Guru Gets $60 Million IRS Penalty And No Day In Court

Tax Shelter Guru Gets $60 Million IRS Penalty And No Day In Court
By Peter J Reilly ,   CONTRIBUTORThe IRS wants over $60 million in tax shelter promoter penalties from John Larson.  They are not penalties that can be contested in Tax Court.  The requirement is that the penalties be paid and a claim for ...

Italy introduces non dom tax

Italy introduces non dom tax
By Pat SweetReporter, CCH Daily and AccountancyItaly has introduced a new territorial system of taxation for ‘newly resident’ individuals, with the aim of attracting high net worth individuals (HNWIs), including sportspeople and celebrities, who could be ...

Apple CEO Tim Cook accused of being 'disrespectful' to Ireland for not attending...

Apple CEO Tim Cook accused of being 'disrespectful' to Ireland for not attending tax committee
By Rob Price Apple CEO Tim Cook has declined an invitation to attend a tax committee in Ireland looking into the company's affairs — a decision that has seen him branded as "disrespectful to the Irish people." Dear Ms Dunne, I refer to your ...

Commission welcomes entry into force of new transparency rules for tax rulings

Commission welcomes entry into force of new transparency rules for tax rulings
European Commission - Press releaseThe Commission has welcomed the entry into force of new rules to ensure that Member States have all the information they need on tax rulings given to multinational companies in other EU countries.As of 1 January 2017, Member ...

Who's behind the blog

Who's behind the blog

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