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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...
Apr 4, 20242 min read
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,...
Apr 3, 20242 min read
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...
Mar 28, 20242 min read
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...
Mar 28, 20242 min read
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...
Mar 27, 20241 min read
EY Australia Faces Legal Battle Over Alleged Secret Commissions in Tax Scheme
EY Australia, a prominent accounting firm, is facing legal action from a former client who alleges that a former partner received secret...
Mar 22, 20242 min read
Shifting Paradigms: The Ethical Imperative of Corporate Taxation in a Global Economy
The imperative for companies to pay their fair share of taxes extends far beyond mere legal obligations; it embodies a fundamental...
Mar 21, 20242 min read
Israel Tax Authority Targets Israeli Assets in Cyprus Amidst Growing Concerns of Tax Evasion
The Israel Tax Authority (ITA) has launched a sweeping operation aimed at uncovering assets, income, and businesses owned by Israeli...
Mar 21, 20242 min read
Warning Issued by ForrestBrown: UK R&D Tax Relief Changes Pose Challenges for Accountants
ForrestBrown, a consultancy specializing in tax credits, has cautioned about the forthcoming alterations to the UK's research and...
Mar 20, 20242 min read
UAE Implements Corporate Tax: A New Era in Taxation
In a paradigm-shifting move, the United Arab Emirates (UAE) has transitioned from its long-standing status as a zero-tax jurisdiction to...
Mar 15, 20242 min read
Singtel Faces Legal Setback in Australian Transfer Pricing Case
Singapore-based telecommunications giant Singtel faced a significant legal setback in Australia's Federal Court, where it lost a transfer...
Mar 15, 20242 min read
Overhauling UK Tax Policy: Abolishing Non-Domicile Status and Implications for Wealthy Residents
The United Kingdom is poised for a significant overhaul in its tax policies aimed at wealthy foreigners, with Chancellor of the Exchequer...
Mar 15, 20244 min read
Top 5 Tax Havens for Wealthy Expats Amidst the Recent Changes to Tax Regimes
In the wake of recent changes to tax regimes in the United Kingdom and Portugal, expatriates are seeking new destinations to safeguard...
Mar 12, 20243 min read
UK Chancellor's VAT Threshold Increase Sparks Mixed Reactions Among Tax Experts
UK Chancellor Jeremy Hunt's decision to increase the VAT threshold from £85,000 to £90,000 has drawn mixed reactions from tax experts...
Mar 7, 20242 min read
Navigating Complexity: US Specialists Challenge OECD's Amount B Guidance
US transfer pricing (TP) specialists have articulated detailed concerns regarding the efficacy of the OECD's recent amount B guidance,...
Mar 5, 20242 min read
Navigating Transfer Pricing Scrutiny: Insights from Aibidia's Report
Aibidia, a technology provider specializing in transfer pricing (TP), has raised concerns about the ramifications of overlooking pillar...
Mar 4, 20242 min read
Unpacking Concerns: Tax Foundation Economist Analyzes Pillar Two's Viability in International Tax Reform
Alan Cole, an economist at the Tax Foundation, has offered a nuanced critique of pillar two, a critical component of the international...
Feb 29, 20242 min read
EU Council Updates Non-Cooperative Tax Jurisdiction Lists: Shifts Blacklist Countries to Grey, Acknowledges Reform Progress
On February 20, 2024, the European Union Council made significant updates to its list of non-cooperative jurisdictions for tax purposes,...
Feb 23, 20242 min read
Debate Ignited: Experts Divided Over IRS Memo on Transfer Pricing and Group Status
The recent memorandum issued by the US Internal Revenue Service (IRS) has ignited a robust debate among local tax experts regarding the...
Feb 21, 20242 min read
Unraveling the Complexity: Lessons from Ulf Johannemann's Tax Fraud Conviction
The recent criminal conviction of former Freshfields Bruckhaus Deringer partner Ulf Johannemann for aiding tax fraud has brought to light...
Feb 20, 20242 min read
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