On August 5, 2019, the US Department of Justice announced that Swiss bank LLB Verwaltung (Switzerland) AG has agreed to pay a penalty of USD10.6m to resolve a case in which it was accused of helping US clients to conceal income.
Bulgaria’s Council of Ministers earlier this month approved two agreements with the United States
allowing for the automatic exchange of country-by-country transfer pricing reports.
On July 31, 2019, the United States Internal Revenue Service issued a memorandum for all Large Business and International Division employees informing them of the withdrawal of a directive regarding cost sharing arrangements in the light of the recent …
A group of 21 Republican members of the US Senate have signed a
letter to the Treasury Secretary urging him to amend how capital gains tax liability is calculated.