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United States News - Business, Taxation & Offshore


IRS Opens US Compliance Assurance Program To Applicants

by Mike Godfrey, Tax-News.com, Washington

Friday, June 21, 2019

On June 14, 2019, the US Internal Revenue Service announced that it is looking for new applicants for the Compliance Assurance Process (CAP), a cooperative compliance program aimed at publicly traded corporate taxpayers.Read Full Story


US Congress Passes IRS Reform Bill

by Mike Godfrey, Tax-News.com, Washington

Friday, June 21, 2019

On June 13, 2019, the US Senate approved the Taxpayer First Act, which is intended to overhaul the Internal Revenue Service and strengthen taxpayer rights. Read Full Story


US House Passes IRS Reform Bill

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 13, 2019

On June 10, 2019, the United States House of Representatives approved legislation which would reform the rules governing the Internal Revenue Service.Read Full Story


IRS To Probe Deeper Into Cost-Sharing Arrangements

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 13, 2019

The US Internal Revenue Service has directed its transfer pricing examiners to resume reviewing taxpayers' transfer pricing positions with respect to cost-sharing agreements in certain circumstances.Read Full Story


US IRS Commits To Resolve Transition Tax Issues

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 5, 2019

A review of the deemed repatriation tax under the United States Tax Cuts and Jobs Act 2017 by the Treasury Inspector General for Tax Administration has found that the Internal Revenue Service encountered significant problems administering the retroactive components of the tax.Read Full Story


Democrats Introduce US Anti-Offshoring Bills

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 5, 2019

Three Democratic members of the United States Senate have introduced two tax bills designed to discourage US companies from shifting their operations overseas and establishing arrangements in low-tax jurisdictions.Read Full Story














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