US CPAs Recommend Easing Tax Rules On Partners Of Audited Firms

by Mike Godfrey, Tax-News.com, Washington

Tuesday, May 22, 2018

The American Institute of Certified Public Accountants has recommended that proposed regulations regarding the Centralized Partnership Audit Regime should provide "maximum flexibility" in adjusting the tax attributes of an audited partnership and its partners. Read Full Story

Ambitious Tax System Changes Still Necessary In Greece: OECD

by Jason Gorringe, Tax-News.com, London

Thursday, May 3, 2018

In the OECD's latest report for the country, Greece has been urged to broaden its tax base and further clamp down on tax evasion. Read Full Story

Nigeria Extends Amnesty To June 30

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, April 17, 2018

Nigeria's President, Muhammadu Buhari, has confirmed a final extension to the country's Voluntary Assets and Income Declaration Scheme (VAIDS) until June 30. Read Full Story

Pakistan Tax Authority Issues Audit Hit List

by Mary Swire, Tax-News.com, Hong Kong

Thursday, April 12, 2018

Pakistan's Federal Board of Revenue has released the financial and compliance parameters it intends to use to select taxpayers for audit for the 2016 tax year. Read Full Story

Canada 'Will Not Hit Climate Change Targets'

by Mike Godfrey, Tax-News.com, Washington

Thursday, April 12, 2018

Canada's auditors general have published a collaborative report on the country's response to climate change, which raises concerns about the success of the action taken by governments. Read Full Story

Significant Changes To UK Tax Regime As Of April 6

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

A number of changes to the UK tax regime became effective from the beginning of the new fiscal year, on April 6, 2018, including the introduction of the new Soft Drinks Industry Levy. Read Full Story

IRS Warns Taxpayers On Virtual Currency Tax Compliance

by Mike Godfrey, Tax-News.com, Washington

Monday, March 26, 2018

The US Internal Revenue Service on March 23 warned taxpayers that they must report income from virtual currency transactions in their income tax returns. Read Full Story

Bermuda To Regulate Initial Coin Offerings

by Mike Godfrey, Tax-News.com, Washington

Friday, March 23, 2018

Bermuda's Premier and Minister of Finance, David Burt, told the island's parliament last week that his government will shortly release a draft Bill to regulate initial coin offerings in Bermuda. Read Full Story

Sweden To Review Transactions With States On EU's Tax Black List

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 20, 2018

The Swedish Government has directed the tax agency to review transactions with jurisdictions placed on the European Union's black list of non-cooperative territories in the area of taxation. Read Full Story

IRS Struggling To Authenticate Tax Credit Claims: TIGTA

by Mike Godfrey, Tax-News.com, Washington

Wednesday, March 7, 2018

Internal Revenue Service processes do not properly prevent the issuance of refundable tax credit claims to taxpayers whose income is not supported, according to a March 1 audit report from the Treasury Inspector General for Tax Administration. Read Full Story

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