The prospect of a reduction in tax litigation and a smaller compliance burden may become more realistic for taxpayers in India if the government goes ahead with the recommendation of a committee of officials and accounting professionals in the setting of its own accounting standards for the filing of tax returns from 2012-2013.
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Scott Bessent reportedly felt undermined by Musk naming Gary Shapley as acting IRS commissioner; in other news, Baker Tilly will combine with a top 15 US firm
Despite garnering significant revenues from multinationals, Italy’s digital services tax presents pressing double taxation issues, say Stefano Simontacchi and Francesco Saverio Scandone of BonelliErede