The Supreme Court is set to hear one of the most consequential tax cases brought before in recent years: whether the repatriation tax imposed on US multinationals by the 2017 Tax Cuts and Jobs Act (TCJA) is constitutional. The high court’s decision could have far-reaching implications for US tax policy beyond just the repatriation tax. Read More
While the UK's proposed additional tax relief for R&D intensive SMEs holds promise for driving innovation and economic growth, the delay in passing this legislation into law introduces a dose of uncertainty. Read More
The IRS’s new proposed regulations requiring brokers to report sales and exchanges of digital assets are likely to result in higher tax bills for investors. Read More
The House Ways and Means Tax Subcommittee heard from critics of the OECD global minimum tax plan at a July hearing, even as an Outcome Statement agreed to by 138 members of the OECD/G20 Framework announced significant progress made on the proposed two pillar solution. Read More
In a recent analysis of the SME Research and Development Tax Relief program (MREP), some eye-opening trends have emerged, shedding further light on the considerable level of non-compliance within the UK R&D tax relief system. Read More
Learn about multistate income and sales tax issues impacting CFOs, controllers, tax directors, private business owners, PE investors and other tax professionals! Read More
P.L. 86-272, a federal law that many companies rely on to protect them from having to pay a state's income tax, has been under attack by the Multistate Tax Commission since 2018. Despite these attacks, the law can still offer valuable protection for businesses engaged in interstate commerce. Read More
Section 174 and the changes that occurred for tax years after December 31, 2021 have caused taxpayers and tax practitioners headaches. In the past, section 174 expenses were deductible, but they now require amortization over 5 or 15 years. Read More
H.R. 3937, the Small Business Jobs Act, includes measures that have bipartisan support, such as raising the 1099 reporting threshold for nonemployee compensation from $600 to $5,000. Other provisions would increase small business expensing of equipment and would create rural... Read More
On July 18, 2023, Oregon Governor Tina Kotek signed into law a new refundable research and development (R&D) tax credit for semiconductor research. Oregon has not had an R&D credit since 2017 when the prior R&D credit expired and was... Read More
