The draft legislation on preferential tax measures for the “Patent Box” of the Hong Kong Special Administrative Region (Hong Kong) was gazette on
Reflections on the Fujian High Court on the case of Hong Kong companies transferring equity of mainland companies to enjoy agreed treatment
This case is currently one of the few public judicial judgments in China on the enjoyment of agreed treatment for the transfer of equity of
Rethinking international penalty administration
Maintaining integrity in tax administration often requires the use of penalties to encourage voluntary compliance. However, it is crucial that the tax
Defining software development costs
The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, eliminated the option to currently deduct research and experimental (R&E)
Aggregation rules affecting foreign-owned companies
Multinational businesses headquartered overseas customarily conduct operations in the United States via local subsidiaries. These U.S. companies,
State Sales Tax Compliance for Startups
Startups face a number of challenges from hiring qualified employees, to research and development, to marketing and market research, to securing
Do Startups Need Audited Financial Statements?
By law private companies are not required to undergo an annual audit of financial statements required of public companies, however, startups can
Redetermining foreign taxes in a post-TCJA world
The foreign tax redetermination (FTR) rules under Sec. 905(c) apply to taxpayers who accrue foreign taxes and either (1) pay a different amount, (2)
Managing tax audits using sampling techniques
Sampling is a tool that is generally used whenever there is a list of records, also known as the population, that requires an assessment in order for