The US tax authorities said on December 10 that while they continue to study whether the Impuesto Empresarial A Tasa Única (IETU), Mexico's new flat business tax, is a creditable income tax, they would not object to a taxpayer's view that the IETU is eligible for a credit under Article 24(1) of the US-Mexico income tax treaty
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The cuts disproportionately affected staff in certain positions, the report also found; in other news, MHA announced the €24m 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