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Pillar Two of the Global Tax Deal Moving Forward, Despite Lack of U.S. Implementation

April 17, 2024

Under Pillar Two of the global tax deal, participating countries around the world have agreed to..

Alabama Court Declares Corporate Transparency Act Unconstitutional – What Next?

March 19, 2024

Since going into effect on Jan. 1, 2024, the Corporate Transparency Act’s (CTA) new beneficial..

BOI Registry to Have Surprisingly Broad Scope of Access

February 29, 2024

Enacted in 2021, the Corporate Transparency Act (CTA) established uniform beneficial ownership..

Foreign Tax Credit Relief – 2023 Notices

February 5, 2024

In 2023, the IRS provided taxpayers with requested relief from the 2022 final regulations via two..

Opposition to 15% Minimum Tax in Pillar Two Voiced By U.S. Republicans

October 24, 2023

In September 2023, Republican members of the House Ways and Means Committee met with officials from..

IRS Provides Temporary Relief from Restrictive FTC Rules for 2022 & 2023

July 31, 2023

On July 23, 2023, taxpayers, both domestic and abroad, anxious about claiming foreign tax credits..

IASB Proposes Easing Complexity of Global Tax Deal for Smaller Entities

July 10, 2023

Remember the global tax deal? It seeks to establish some broad and fundamental ground rules for..

Impact of Hungary-U.S. Income Tax Treaty Termination on U.S. Inbound Corporations

April 27, 2023

On July 8, 2022, the Biden Administration announced the termination of the U.S.-Hungary Income Tax..

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