On October 25 2010, Governor Luis Fortuño of Puerto Rico approved a tax hike that experts say will not only adversely affect the sluggish job market in the US commonwealth, but will also cause foreign investors to reevaluate the value of investing in Puerto Rico.
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The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two
ITR’s most prolific stories of the year charted public pillar two spats, the continued fallout from the PwC Australia tax leaks scandal, and a headline tax fraud trial
The climbdowns pave the way for a side-by-side deal to be concluded this week, as per the US Treasury secretary’s expectation; in other news, Taft added a 10-partner tax team