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Tax-News.com: US Transition Tax Guidance Available

On October 10, 2018, the United States Treasury Department and the Internal Revenue Service published a Notice of Proposed Rulemaking in the Federal Register notifying taxpayers of the availability...

Tax-News.com: US Urged To Trim Tax Form W-4

The American Institute of CPAs has urged the Internal Revenue Service and the US Treasury Department to simplify the draft 2019 Form W-4, Employee's Withholding Allowance Certificate, and the acco...

Tax-News.com: IMF Urges US To Hike Indirect Taxes

The International Monetary Fund has recommended that the United States raise indirect taxes to boost revenues, to offset the cost of recent tax cuts and spending increases....

Tax-News.com: IRS Announces Plans To Simplify Personal Income Tax Return

The US Internal Revenue Service has announced plans to streamline the personal income tax return for the 2019 tax filing season, to reflect changes brought about by the Tax Cuts and Jobs Act....

Tax-News.com: Wolters Kluwer Tax Expert Weighs In On Landmark Wayfair Ruling

The decision by the US Supreme Court to drop the physical presence requirement for states to impose sales tax will have an "incredible impact" on states' tax regimes and revenues, according to Mark...

Tax-News.com: US Supreme Court Permits States To Tax Remote Sales

In a landmark decision on June 21, the Supreme Court of the United States overturned existing case law by ruling that a state can collect sales tax on remote sales even when the vendor does not hav...

Tax-News.com: Mauritius's FATCA Filing Deadline July 31

The Mauritius Revenue Authority on June 11, 2018, warned those financial institutions required to report information on the accounts of US persons under the US Financial Account Tax Compliance Act ...

Tax-News.com: DeFazio Tables US Anti-Profit Shifting Bill

US congressman Peter DeFazio (D-OR) has introduced legislation designed to amend the Tax Cuts and Jobs Act so that incentives for US corporations to shift income and production overseas are reduced...

Tax-News.com: TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

Aspects of the tax reform legislation in the United States continue to provide an incentive for companies to shift profits offshore by providing more favorable tax treatment to foreign income than ...

Tax-News.com: Canada Told To Sharpen Corporate Tax Competitiveness

The IMF has said that the recent changes to the US tax system could make Canada a less attractive destination for investment. ...