Our Not-So-Bold Prediction for Sales Taxes in 2011: They Will Go Up - Substantially

Perhaps you’ve seen the show on the Discovery Channel called Dirty Jobs. Host Mike Rowe introduces his audience to some of the most difficult and disgusting jobs on the planet by performing the job himself, if only for a few hours.

The Astra Zeneca ruling gives revenue authorities an opportunity to collect overdue VAT on employee benefit salary sacrifice plans - in the UK HMRC’s case this could be up to four years of back tax.

HIRE Act Offers Significant Tax Savings

Everyone Wins: Purchasing and Selling State Income and Franchise Tax Credits

In the last few weeks, potential new legislation that would tax income derived from a “carried interest” (otherwise known as profits interest in a partnership) at ordinary income tax rates became much closer to being a reality when the House of Representatives passed its first version of the American Jobs and Closing Tax Loopholes Act of 2010.

On March 23, 2010, President Obama signed into law H.R. 3590, the Patient Protection and Affordable Care Act, and one week later, on March 30, 2010, the President signed into law H.R. 4872, the Health Care and Education Affordability Reconciliation Act of 2010, which made numerous changes to H.R. 3590 (collectively called the “Acts”).

New Health Care Laws: Top 10 Things Employers Need to Consider Before 2012

Despite claims that it has a policy of restraint in light of FIN 48, the IRS continues to seek more disclosure of tax accrual workpapers. On May 10, 2007, the IRS’s Large and Mid-Size Business Division (known as LMSB) issued a memo reaffirming its policy of restraint in requesting a taxpayer’s tax accrual workpapers, even in light of the implementation of FIN 48 (the disclosure in GAAP financial statements of uncertain tax positions). First, the IRS decided that FIN 48 workpapers are included in the definition of tax accrual workpapers.

Economic Substance Doctrine: Clarification or Mere Codification?

Captive insurance companies have been a widely used enterprise risk management tool. Many corporations have used captive insurance companies to manage risks that commercial markets either don’t address cost effectively or may not address at all.

Trail Blazers in Oregon: From the Tax Court, Not the Hard Court

Multinational businesses have extensively applied the use of tax effective procurement companies to deliver efficiencies in the sourcing of goods and materials to achieve fiscal benefits. However, businesses are often resistant to significant operational change across the entire supply chain as it can prove to be costly and time consuming. Procurement, on the other hand, offers an opportunity to achieve supply chain savings through a single process.

Mandatory Combined Reporting: States Try to Find the Right (Forced) Combination to Unlock Additional Revenue