Taxpayers have been eagerly anticipating the release of new IRS guidance on FATCA since Congress enacted the new reporting regime in March. Erin Kelechava speaks with tax professionals and learns that for some taxpayers the guidance will raise more questions than answers.
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The cuts disproportionately affected staff in certain positions, the report also found; in other news, MHA announced the €24 million acquisition of Baker Tilly South East Europe
Meanwhile, South Africa’s finance minister has accepted a court decision on suspending a VAT increase and US President Donald Trump mulls a 100% tariff on foreign films
Jaime Carey speaks about the benefits of his tax background, DEI values, the use of AI for a smarter legal practice, and other priorities that will define his presidency