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TAX LAW NEWS - TAX LITIGATION
From the category archives:
Google has saved $3.1bn in taxes since 2007 by shuttling its foreign profits through Ireland and the Netherlands, then on to a haven in Bermuda, according to the company’s regulatory filings.
As reported by Bloomberg Businessweek, Google uses techniques known as “Double Irish” and “Dutch Sandwich” to lower its foreign tax rate to a scant 2.3 [...]
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Kampala- Uganda said on Friday it had changed its income tax law, prompted by a dispute with Heritage Oil, to compel firms discovering oil in the east African nation to pay taxes on the sale of exploration rights.
For months Uganda has been locked in a row with Heritage over the payment of capital gains tax [...]
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The Ugandan government is planning to amend its Income Tax law to enable it to tax profits from oil production slated to start in the next couple of years, government officials said Wednesday.
Uganda’s minister of state for finance, Fred Omach, tabled the 2010 Income Tax Amendment Bill in parliament Tuesday, and the new bill requires [...]
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Martin D. Ginsburg, 78, a Georgetown University tax law professor whose blind date more than a half-century ago with a quiet undergraduate named Ruth Bader blossomed into an enduring marriage, died June 27 of complications from metastatic cancer at his home in Washington.
Mr. Ginsburg joined the Georgetown faculty in 1980 and was considered one of [...]
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From The IRS:
WASHINGTON — The Internal Revenue Service is providing administrative relief for sponsors of defined contribution plans, such as section 401(k) plans, that were affected by the storms and other severe weather in those counties in Alabama, Connecticut, Massachusetts, Mississippi, New Jersey, Rhode Island, Tennessee and West Virginia declared [...]
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SYDNEY—Australian mining companies fell sharply Monday as investors factored in lower earnings for the companies after the government said Sunday that it plans to introduce a 40% tax on the industry’s profits.
Analysts cut target prices and earnings estimates for many of the companies and said the proposed Resource Super Profits Tax could cause potential mergers-and-acquisition [...]
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In a move likely to help 100,000 struggling homeowners, the California Legislature recently passed a law that allows Californians to exclude mortgage forgiveness from their income or tax purposes.
“California has been particularly hard hit by the housing crisis,” said state controller and Franchise Tax Board chairman John Chiang, in a prepared release. “This is a [...]
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Vice President Joe Biden said deductions and credits enacted with stimulus legislation have helped push average refunds from the 2009 tax year up almost 10 percent, or $266 per household.
Biden, Treasury Secretary Timothy F. Geithner and Internal Revenue Service Commissioner Douglas Shulman today highlighted the stimulus measure provisions to remind taxpayers they still have time [...]
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Student volunteers are offering free tax preparation.
More than 60 collegians at Rutgers University in Camden are participating in the Volunteer Income Tax Assistance (VITA) program. Sponsored by the Rutgers School of Law in Camden, the program offers help from students trained in preparing federal and New Jersey State tax returns.
According to a Rutgers-Camden spokesman, the [...]
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Joseph Stack’s methods were unthinkable — he is accused of ramming a plane into an Internal Revenue Service building in Texas — but his views on taxation follow a long line of protesters who believe tax laws don’t apply to them.
While their numbers aren’t large, according to experts, their arguments are so enticing that the [...]
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