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Trump's Tax Plan 'Would Facilitate Tax Avoidance'

by Mike Godfrey, Tax-News.com, Washington

Thursday, August 11, 2016

It has been widely pointed out that Republican presidential nominee Donald Trump's tax reform plans include a major incentive for higher-income US taxpayers to place their earnings into pass-through businesses to obtain a lower tax rate. Read Full Story

 


US Accountants Want Delay To Partnership Audit Comments

by Mike Godfrey, Tax-News.com, Washington

Wednesday, March 16, 2016

The American Institute of Certified Public Accountants has asked the US Internal Revenue Service to extend the deadline for submitting comments on the new regime for auditing partnerships, which was enacted as part of the Bipartisan Budget Act of 2015. Read Full Story

 


IRS Consults On New US Partnership Audit Regime

by Mike Godfrey, Tax-News.com, Washigton

Tuesday, March 8, 2016

The US Internal Revenue Service has issued Notice 2016-23 requesting comments by April 15, 2016, on the new regime for auditing partnerships, including private equity and hedge funds, which was enacted as part of the Bipartisan Budget Act of 2015. Read Full Story

 


Obama Signs Two-Year Budget Bill

by Mike Godfrey, Tax-News.com, Washington

Tuesday, November 3, 2015

On November 2, President Barack Obama signed the Bipartisan Budget Bill of 2015, which includes increased appropriated spending for the 2016 and 2017 fiscal years, a suspension of the US debt limit until March 2017, and revenue provisions related to tax compliance. Read Full Story

 


US Budget Deal Would Alter IRS Partnership Auditing

by Mike Godfrey, Tax-News.com, Washington

Thursday, October 29, 2015

Current difficulties experienced by the Internal Revenue Service in auditing large partnerships, including private equity and hedge funds, could be reduced by the bipartisan US Budget proposals revealed on October 27, providing they are approved. Read Full Story

 


Further Comments Sought On South Africa's 2015 Budget Laws

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, September 2, 2015

Following a Ministry of Finance consultation that closed on August 24, and the subsequent presentation of the draft 2015 Budget Bills in the South African Parliament, the Standing Committee on Finance has now made its own request for comments on the legislation. Read Full Story

 


South Africa Consults On 2015 Budget Change Legislation

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, July 24, 2015

South Africa's Ministry of Finance has published for public comment the 2015 Draft Taxation Laws Amendment Bill and the 2015 Draft Tax Administration Laws Amendment Bill, which would give effect to the tax changes announced in the Budget in February this year. Read Full Story

 


Iceland To Impose Exit Tax

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, June 9, 2015

The Government of Iceland has agreed to present legislation for the lifting of capital controls and the introduction of an "exit tax." Read Full Story

 


IRS Proposed Regulation Addresses Hedge Fund Reinsurance

by Mike Godfrey, Tax-News.com, Washington

Monday, April 27, 2015

The US Treasury and the Internal Revenue Service have released proposed regulations that seek to tackle the use of reinsurance arrangements by hedge funds to defer and reduce tax on their investment income. Read Full Story

 


Iceland May Tax Payments To Bank Sector Creditors

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, April 15, 2015

Iceland's Prime Minister, Sigmundur Davíð Gunnlaugsson, anticipates that Iceland will be in a position to settle claims against Icelandic banks that went bust in 2008 by the middle of this year, alongside the imposition of a "stability tax." Read Full Story

 

 

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