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United States

Archive: United States

This content is from: United States

US taxpayers reject limiting corporate interest deductions to fund rate cut

Robert Pozen, senior lecturer at Harvard Business School, has said limiting tax deductions for the interest corporations pay on their bonds and debt issuances could help fund US tax reform. However, taxpayers have ide...
By Matthew Gilleard
January 29 2013
This content is from: United States

IRS refreshes membership of advisory and information reporting councils

David Penney, head of tax for General Motors in Canada, is one of six new members of the Internal Revenue Service Advisory Council (IRSAC) in the US.
By ITR Correspondent
January 29 2013
This content is from: United States

Jenne hires Sidorak for tax reporting role
By ITR Correspondent
January 29 2013
This content is from: United States

Miller & Chevalier elects new tax litigation partner

Tax litigation and controversy specialist Steven Dixon has been elected as a new member in Miller & Chevalier’s Washington, D.C. office.
January 29 2013
This content is from: United States

Netherlands wants international action against tax avoidance

The Dutch parliament has been debating the country’s role in international taxation and its position within the global network that facilitates tax avoidance, concluding that the issue of tax avoidance must be dealt w...
By Matthew Gilleard
January 29 2013
This content is from: United States

What you have missed on ITR Premium

FATCA; equity tax relief; EITI standard; tax policy; EU import duty exemption; EU FTT; Amazon US; Prudential UK.
By ITR Correspondent
January 28 2013
This content is from: United States

UK taxpayers say US IRS is way behind HMRC in handling debt-equity cases

The Internal Revenue Service (IRS) is investing heavily in challenging multinationals over cross-border debt-equity arrangements but taxpayers have said the US tax authority is not handling these cases well.
By Joe Dalton
January 24 2013
This content is from: United States

Amazon’s US transfer pricing challenge could end IRS’s aggressive intangibles approach

A case between Amazon and the US Internal Revenue Service (IRS) cautions taxpayers against performing valuations that assign unrealistically short life-spans to transferred intangibles, though could also leave the IRS...
By Joe Dalton
January 24 2013
This content is from: United States

Mark Leeds joins Mayer Brown
By ITR Correspondent
January 23 2013
This content is from: United States

IRS transfer pricing official rejoins Mayer Brown

A senior technical reviewer in the Internal Revenue Service’s (IRS) transfer pricing branch has joined Mayer Brown’s tax controversy practice in Washington, DC.
January 23 2013
This content is from: United States

Final regulations confirm intergovernmental agreements as route to FATCA compliance

Intergovernmental agreements (IGAs) the US has signed and is negotiating with overseas jurisdictions are taking over as the focus for compliance with Foreign Account Tax Compliance Act (FATCA).
By Ralph Cunningham
January 23 2013
This content is from: United States

Carlos Gabarró returns to Altalex from Ernst & Young
January 21 2013
This content is from: United States

Final FATCA regulations are out

The US Treasury and IRS have published 544 pages of final regulations about how the controversial information reporting legislation should work.
By Ralph Cunningham
January 18 2013
This content is from: United States

National Taxpayer Advocate report improves US prospects for tax reform

The prospects for comprehensive reform of the US tax code have been improved by the release of the National Taxpayer Advocate report, which describes the tax code as “the number one most serious problem facing taxpaye...
By Matthew Gilleard
January 16 2013
This content is from: United States

Wegelin pleads guilty but FATCA's passthru payment rule will catch all foreign banks

Switzerland's oldest private bank, Wegelin, has become the first foreign financial institution (FFI) to plead guilty in a US court for helping Americans to evade tax. Advisers say once the US introduces the passthru p...
By Joe Dalton
January 16 2013
This content is from: United States

Akin Gump promotes partner in New York
January 10 2013
This content is from: United States

WTP Advisors promotes two

Jeff Malo and Ron Hodgeman have been made partners at WTP Advisors in White Plains, New York.
January 10 2013
This content is from: United States

Obama chief of staff to replace Geithner in top US Treasury job

President Obama is set to nominate White House chief of staff Jacob "Jack" Lew as the man to take over from outgoing Treasury Secretary Timothy Geithner.
January 10 2013
This content is from: United States

Ireland and US sign FATCA agreement in Dublin

While financial institutions await the imminent publication of the final regulations for the implementation of the Foreign Account Tax Compliance Act (FATCA), the US has signed another intergovernmental agreement (IGA...
By Ralph Cunningham
January 09 2013
This content is from: United States

Where the fiscal cliff agreement leaves US tax reform

The US has temporarily averted the fiscal cliff that would have meant the automatic triggering of tax rises and spending cuts, after what can hardly be described as a seamless and straightforward journey.
By Matthew Gilleard
January 07 2013
This content is from: United States

Delhi High Court ruling helps tax authorities reopen assessments against multinationals

The Delhi High Court has held that tax authorities can reopen an assessment of a foreign company based on a tentative finding regarding the existence of a business connection or permanent establishment (PE) in India.
January 02 2013