Recent guidance from the OECD/G20 Inclusive Framework fills gaps in the Amount B architecture and provides valuable insight into which jurisdictions may implement Amount B, say KPMG practitioners.

Artificial Intelligence in taxation is a double-edged sword which cannot eliminate human involvement, say Lakshmikumaran & Sridharan practitioners.

Senate Majority Leader Chuck Schumer says that a $78 billion bipartisan tax bill is “not dead” and that he and Senate Finance Committee Chairman Ron Wyden are working to move the deal through the Senate.

Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest US companies that he already slashed while president, according to people familiar with the remarks.

Companies should prepare robust defense files and documentation to show business purpose in their transactions in light of a recent Mexican court ruling on GAAR, say KPMG practitioners.

Country-by-Country Reporting has transitioned from a routine transparency tool to a critical component of global tax strategy due to the OECD’s BEPS 2.0 framework, say practitioners from Grant Thornton Advisors LLC.

Senate Majority Leader Chuck Schumer says that a $78 billion bipartisan tax bill is “not dead” and that he and Senate Finance Committee Chairman Ron Wyden are working to move the deal through the Senate.

Recent Treasury regulatory proposals for clean energy vehicle and production tax credits should allow continuation of the investment boom in the related industries while implementing provisions toward conservation goals. The guidance is intended to further President Biden’s Investing in America agenda, support U.S. jobs, and bolster energy production and security while reducing energy costs for American consumers.

If a tax-exempt client needs a professional valuation of an asset, your understanding of how the IRS is going to regard the valuation — and the professional providing it — will be critical in ensuring the benefit of this action.

Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest US companies that he already slashed while president, according to people familiar with the remarks.

While the risk of recapture of tax credits in the renewable energy market is a major concern to many investors, it is highly manageable.

A new IRS final rule affecting domestically controlled real estate investment trusts may significantly limit their use and thereby make U.S. real property less attractive for foreign investors.