The Ahmedabad ITAT set aside a ₹1 lakh penalty under Section 271BA, ruling that failure to electronically file the Form 3CEB transfer pricing report was a mere technical and procedural default.

Amazon.com Inc's main UK subsidiary, Amazon UK Services Ltd., paid just 6.3 million pounds ($8 million) in corporation tax in 2019 despite the group reporting over $17.5 billion in sales in Britain, ...

Tax officials queried hundreds of thousands transferred to the now-inactive Italian business which, despite running for years, reported production valued at just €1.

Depict Broward County government as a hotbed of wasteful, abusive and excessive spending. Reality isn’t as clear-cut.

Some taxpayers who filed "bare trust" forms to the Canada Revenue Agency last year may have done so needlessly as the federal government examines further changes to the reporting requirements — ...

The IRS says there will be no changes to its operations for the first five days of a government shutdown, thanks to a reallocation of money from the Inflation Reduction Act (IRA). Here’s what we know.

From doing donuts in a Mustang Mach-E to interviewing kids on electric school buses, I've seen the promise of a cleaner future. Without the $7,500 credit, the road ahead looks a lot bumpier. Here's ...

The Supreme Court, reversing the Third Circuit, held that the Tax Court lacks jurisdiction over appeals from Collection Due Process (CDP) hearings when there is no longer an ongoing levy under Sec.

John has served as an integral part of Drake Software since 1995 in roles including CFO and CRO. A CPA since 1989, he holds degrees from Oral Roberts University and the University of Tennessee, with ...

The Federal Board of Revenue (FBR) on Friday announced the removal of the "Estimated Fair Market Value" column from income tax return forms for 2025, following the approval of Prime Minister Shehbaz ...

The federal government has decided to remove the “Estimated Fair Market Value” column from this year’s income tax return forms, following recommendations from a high-level committee and formal ...

Acting Assessor Pullen: “[T]ax appeal losses are something which are part of the cost of doing business and are budgeted for each year.” Credit: Thomas Breen photo After a three-year legal battle, ...