Dylan Moroses News Today

The Big Four accounting firms expressed broad support for Ireland's plans to introduce corporate tax exemptions for foreign-sourced dividends and foreign branch profits, saying the changes are long overdue and would reduce complexities for taxpayers, according to comments published Wednesday.

A D.C. federal court correctly dismissed a lawsuit from an Israeli lawyer and his firm challenging the global intangible low-taxed income regulations because the suit would prohibit tax collection, the IRS told the D.C. Circuit Friday.

A Florida federal court on Thursday dismissed a suit and denied an evidentiary hearing request by three Peruvian siblings trying to keep the Internal Revenue Service from accessing their bank records on behalf of the Peruvian government.

The U.S. government hit multinational telecommunications company Liberty Global with a $283 million suit Friday in Colorado federal court, alleging the company attempted to exploit legal loopholes to avoid paying U.S. tax on income.

A lower court correctly interpreted the law in allowing the Internal Revenue Service to impose nonwillful $10,000 penalties for each foreign bank account that a Texas man didn't properly disclose, the U.S. government told the U.S. Supreme Court.

A Houston-based oil company told a New York federal court it shouldn't have to reimburse Colombia's state-owned oil company, Ecopetrol, for tax claims beyond arbitral awards approved by a tribunal, seeking denial of Ecopetrol's bid to negate the awards.

A Houston-based oil company told a New York federal court it shouldn't have to reimburse Colombia's state-owned oil company, Ecopetrol, for tax claims beyond arbitral awards approved by a tribunal, seeking denial of Ecopetrol's bid to negate the awards.

European lawmakers warned a U.S. delegation Wednesday that digital services taxes will continue to apply unless a global reallocation of multinational corporations' profits, the so-called first pillar of the OECD's proposed tax overhaul, is enacted. 

The Portuguese government cannot impose withholding tax on dividend income generated in the country and paid to a German investment vehicle differently from how it would tax dividends paid to domestic companies, the European Court of Justice said Thursday.

The England and Wales Court of Appeal on Friday denied a bid by two nursing employment businesses to retroactively exempt supplies from value-added tax under a revenue concession after the companies faced £2.1 million ($2.8 million) in assessments.