A&M recently sat down with HMRC’s new Head of Transfer Pricing to discuss current trends and pass on client concerns.

Given the weak U.S. economic recovery, the results of the mid-term elections and the lame duck tax issues still to be addressed before year-end, the next month will likely further transform the tax system.

Do your foreign affiliates earn income from sources within the United States but otherwise do not have a presence in the U.S.? Do you think you are not subject to state income tax? Then this article is a must read for you.

Provision – as reporting deadlines draw near, the very word can be enough to cast doubt in the minds of the most seasoned tax professionals. There is a certain sense of uneasiness that can start to grow over the holiday period as tax departments around the world look forward to some late nights crunching the numbers into the New Year. If the year end process at your company is hanging over yourtax department like the fabled sword of Damocles then read on.

On July 21, 2010, President Obama signed the financial regulatory reform bill (Dodd-Frank Act) into law, which created a permanent exemption of Section 404(b) of the Sarbanes-Oxley Act of 2002 (SOX(b)) for issuers with market capitalization of less than $75 million.

As banks and other lenders begin to come to grips with working out some of their underperforming loan books, we are seeing an increasing number of transactions that involve the acquisition of target companies that cannot repay their borrowings. In this issue of Tax Adviser Update (TAU), Ian Fleming and Jonathan Hornby provide an update on taxation developments in this area and share some experiences from recent transactions.

The internet and other forms of multimedia have made connecting with distant parts of the globe as easy as clicking a button, and as a result of this access, the ability of individuals to interact with numerous global markets has greatly increased.

Washington State Changes B&O Tax Law for Service Businesses

Business confidence is cautiously returning, and with it a change in organizations’ business focus towards increasing employee engagement and retention of key employees.

On January 26, 2010, IRS Commissioner Douglas Shulman addressed the New York State Bar Association Tax Section, delivering a 3,000-word speech. The first 60 percent of this speech was devoted to IRS initiatives to manage its responsibilities given the complexity of the present era.

HMRC can seem an intimidating body, particularly when notification of an audit is received. Regardless of which fiscal authority and jurisdiction, advice on how to manage any review will be remarkably similar. The employer will need to consider preparation for the audit, the audit itself and, perhaps most importantly, managing the relationship with HMRC or the relevant authority.

As Congress continues to drag its feet on the latest round of federal extenders, taxpayers are scratching their heads as to how the expiration of a number of popular tax provisions may affect their business. Among these provisions is the R&D tax credit. Prior to its latest expiration on December 31, 2009, the credit had been renewed by Congress a dozen times since its inception in 1981.

Over the last two years, the scrutiny and examination of corporate executive compensation has increased exponentially. The increased scrutiny began during the banking crisis and the economic downturn in late 2008 to early 2009.

Executive Compensation Trends: What's Next?

International Tax Reform Has Unexpected Consequences