IRS Says Microsoft Owes $29 Billion in Back Taxes
Microsoft said it disagrees with the tax adjustments and "will pursue an appeal within the IRS, a process expected to take several years."
Source: investopedia.com
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OECD Releases Digital Tax Reform Framework That Could Impact U.S. Tech Companies
The Organization for Economic Co-Operation and Development proposed an international tax framework that, if ratified, would reallocate taxing rights to market jurisdictions.
Source: investopedia.com
New Multilateral Tax Treaty Implements the Subject to Tax Rule | Holland & Knight LLP
More than 135 jurisdictions since October 2021 have joined a groundbreaking plan to address certain tax challenges of the new digital and global economy. The plan consists of a...
Source: jdsupra.com
Sponsored thought leadership: tax complexities abound for taxpayers and states alike in navigating a fast-evolving international tax landscape
Allen Tan, Dawn Quek and Jeremiah Soh of Baker & McKenzie Wong & Leow provide a glimpse into the challenges arising from the implementation of inte
Source: legalbusiness.co.uk
Trade reforms, new economic corridor to global taxation and Crypto assets: Key outcomes, takeaways from G20 Summit as it concludes under PM Modis leadership
Prime Minister Narendra Modi, who led the two-day G20 Leaders' Summit 2023, has announced the conclusion of the mega event. He congratulated Brazilian President Luiz Inácio Lula da Silva as he handed over the presidency. As the G20 Summit concludes, watch the key takeaways and outcomes of the Summit.
Source: businesstoday.in