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Share New Delhi: Tax Inspectors Without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched its programme in Bhutan today. India was chosen as the Partner Jurisdiction and has provided the Tax Expert for this programme. This programme is expected to be of about 24 months’ duration through which India in collaboration with the UNDP and the TIWB Secretariat aims to aid Bhutan in strengthening its tax administration by transferring technical know-how and skills to its tax auditors, ...

Swiss Federal Court has approved a request by India to share bank account details of the Reliance Group chief, his wife and two sons.

U.S. Cross-border Tax Reform and the Cautionary Tale of GILTI Daniel Bunn Key Findings The U.S. joined many other developed nations in adopting territorial provisions and anti-base erosion rules as part of the 2017 tax reform. One major piece of that reform, that is not typical in other territorial systems, is a new definition of currently taxable foreign earnings, Global Intangible Low Tax Income (GILTI), which is taxed at an effective rate of 13.125 percent, with the rate set to increase after 2025 to 16.4 percent. Recent research has shown that foreign earnings of U.S. companies remain tax...

Press release content from PR Newswire. The AP news staff was not involved in its creation. Goodyear Reports Fourth Quarter, Full-Year 2020 Results February 9, 2021 GMT The Goodyear Tire & Rubber Company, Akron, Ohio, USA. (PRNewsFoto/Goodyear Tire & Rubber Company) AKRON, Ohio, Feb. 9, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the fourth quarter and full year of 2020. “We delivered strong performance to end a challenging year,” said Richard J. Kramer, chairman, chief executive officer and president. “With a determination to win with...

Allyson Lindsey, Managing CPA and Partner at Bright!Tax, a leading provider of US expat tax services, provides us with some US tax tips for Americans living in Costa Rica in 2021. Costa Rica is among the top destinations for Americans seeking to live abroad for a bounty of good reasons – the sublime natural environment, the temperate climate, the hospitable people, and the quality of life, to name but a few. All American citizens still have to file U.S. taxes after moving to Costa Rica though, reporting their global income. This is because U.S. has a citizenship-based as opposed to a resid...