Hong Kong Special Administrative Region “Patent Box” Overview of Tax Preferential Measures
The draft legislation on preferential tax measures for the “Patent Box” of the Hong Kong...
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...
Rethinking international penalty administration
Maintaining integrity in tax administration often requires the use of penalties to encourage voluntary compliance....
Defining software development costs
The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, eliminated the...
Aggregation rules affecting foreign-owned companies
Multinational businesses headquartered overseas customarily conduct operations in the United States via local subsidiaries. These...
Filing Your Startup’s Tax Return for the First Time
Filing a return for a startup for the first time can be overwhelming considering everything...
State Sales Tax Compliance for Startups
Startups face a number of challenges from hiring qualified employees, to research and development, to...
Do Startups Need Audited Financial Statements?
By law private companies are not required to undergo an annual audit of financial statements...
Redetermining foreign taxes in a post-TCJA world
The foreign tax redetermination (FTR) rules under Sec. 905(c) apply to taxpayers who accrue foreign...
Managing tax audits using sampling techniques
Sampling is a tool that is generally used whenever there is a list of records,...
Taxation of employees’ use of corporate apartments
Taxable compensation from use of an employer-provided corporate apartment Absent an applicable exclusion, the fair...
Tax fraud and bankruptcy dischargeability
The federal laws governing bankruptcy and taxation often intersect, although their makeup, effectiveness, and interpretation...Archive
June 22, 2018
The IRS examined Coca Cola’s consolidated tax returns and it determined that royalty payments made by Coca Cola’s licensee corporations... Read more