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Biden and Trump Pledge to Extend Expiring Tax Breaks Amid Concerns Over Funding
Presumptive nominees President Joe Biden and former President Donald Trump have both committed to extending expiring tax breaks for most...
Flexi Group
Jun 14, 20242 min read
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Senate Committee Criticizes PwC Australia for Lack of Cooperation in Tax Leaks Inquiry
PwC Australia has been uncooperative with a government inquiry into its tax leaks scandal, aiming to “protect the organisation from...
Flexi Group
Jun 13, 20242 min read
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Labour's Tax Plans Signal Tougher HMRC Approach
Labour's plans for closing the tax gap suggest that taxpayers may face an increasingly aggressive HMRC. With the UK general election now...
Flexi Group
Jun 11, 20244 min read
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Law Firms Key in FTX’s $24 Billion Settlement with IRS
US law firms Sullivan & Cromwell and Landis Rath & Cobb were instrumental as the defunct crypto exchange FTX settled a $24 billion claim...
Flexi Group
Jun 6, 20242 min read
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Former PwC Partner Richard Gregg Files Defamation and Breach of Contract Suit Against PwC and Kristin Stubbins
Former PwC partner Richard Gregg has initiated a defamation and breach of contract lawsuit against PwC and ex-PwC Australia acting chief...
Flexi Group
Jun 3, 20242 min read
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Experts Divided on US Adoption of OECD's Pillar Two Legislation
Tax experts remain divided on whether the US will implement legislation for the OECD's pillar two framework. The OECD’s BEPS 2.0 reform...
Flexi Group
May 31, 20243 min read
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UK Tax Advisory Market: Experts Debate HMRC's Regulatory Proposals
Proposals by HM Revenue and Customs (HMRC) to bolster standards within the advisory market have garnered support and scrutiny from...
Flexi Group
May 27, 20242 min read
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AI Revolutionizes Laborious TP Processes, Maintaining Critical Human Role, Argues Hank Moonen, CEO of TaxModel
Transfer pricing (TP) specialists globally have long grappled with one of their most labor-intensive tasks: manual benchmarking....
Flexi Group
May 22, 20242 min read
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Billabong Founder Loses Case Over Tax Schemes ‘Suggested’ by EY
In a significant legal development, the Federal Court of Australia has ruled against Gordon Merchant, the founder of global surfwear...
Flexi Group
May 20, 20242 min read
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Netherlands Set to Increase Gambling Tax to 37.8% Amid Industry Concerns and Slot Ban Controversy
The gambling tax in the Netherlands could see an increase to 37.8% following a coalition agreement between four political parties....
Flexi Group
May 20, 20242 min read
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OECD Tax Talks: Urgency Mounts as Deadline Looms for Pillar One Progress
The OECD has been relatively tight-lipped about the progress of discussions regarding pillar one since February. Member states are eager...
Flexi Group
May 13, 20242 min read
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IRS and Treasury's Proposed Regulations: Impact on Inbound Companies and Taxpayer Response
The IRS and Treasury's proposed regulations, unveiled on April 9, introduce significant changes that could have far-reaching...
Flexi Group
Apr 29, 20242 min read
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Unveiling the Tax Responsibility and Transparency Index: A Paradigm Shift in Corporate Tax Accountability
A groundbreaking initiative has emerged onto the corporate landscape: the Tax Responsibility and Transparency Index. This innovative...
Flexi Group
Apr 23, 20242 min read
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New Global Ethical Standards for Tax Advisers Launched by International Ethics Board
The International Ethics Standards Board for Accountants (IESBA) has introduced a comprehensive set of global ethical standards for tax...
Flexi Group
Apr 16, 20242 min read
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IRS Proposes Detailed Regulations for 1% Stock Repurchase Excise Tax
The US Treasury Department and the Internal Revenue Service (IRS) have unveiled a set of proposed regulations aimed at providing...
Flexi Group
Apr 11, 20242 min read
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Retail pharmacy giant Walgreens Boots Alliance owes $2.7 billion in unpaid taxes
The US Internal Revenue Service (IRS) is pressing retail pharmacy giant Walgreens Boots Alliance for $2.7 billion in unpaid taxes, citing...
Flexi Group
Apr 4, 20242 min read
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Exploring Tax Strategies of Australian Equity Partners: Insights from the 'Big Four' Accounting Firms
Australian equity partners at the prominent 'big four' accounting firms have been found to extensively employ income splitting tactics,...
Flexi Group
Apr 3, 20242 min read
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New Jersey Senator Proposes Doubling Tax Rates for Online Gambling Operators
A New Jersey lawmaker has put forward a significant proposal to increase taxes on online gambling operators, unveiling a bill that would...
Flexi Group
Mar 28, 20242 min read
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PwC Faces Scrutiny Over Alleged Cover-Up of Tax Leaks Scandal: Australian Senate Committee Report Reveals
PwC has come under fire from an Australian Senate committee for allegedly attempting to conceal a tax leaks scandal that has embroiled...
Flexi Group
Mar 28, 20242 min read
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Binance Faces Tax Evasion Charges in Nigeria: Executives Detained, Government Demands Billions
Nigeria's Federal Inland Revenue Service (FIRS) has initiated legal action against cryptocurrency giant Binance, unveiling four charges...
Flexi Group
Mar 27, 20241 min read
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