Transfer pricing may be one of the most talked-about and least understood tax topics right now. The underlying concept is simple: it’s the method for pricing transactions between related parties. But what qualifies as “related parties” and how those transactions are valued have become increasingly complicated in a more global and more digital world. Companies…
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. G is for GILTI. GILTI – which ranks up there as one of the best tax acronyms of all-time…
In case you’ve missed some key articles this week: Multinational corporations closer to tax holiday. Read more by clicking here. San Jose gets a revenue boost from taxing marijuana. Read more by clicking here. Refunds and post tax season planning. Read more by clicking here. Big Oil procedural vote goes nowhere. Read more by clicking…
Ron Cohen of Greenstein, Rogoff, Olsen & Co., sent me this video of their weekly tax update focusing on “Dutch Sandwich” or “Double Irish” offshore planning. Offshore planning is something I’m familiar with – and I’ve been blogging about quite a bit – so I thought it made sense to share it on taxgirl.com. Enjoy.
Earlier this week, I posted about a potential tax holiday for multinational companies; the holiday would allow them to repatriate funds currently being held offshore at a lower tax rate. The idea, which has been bandied about by Rep. Eric Cantor (R-VA) and Sen. Orrin Hatch (R-UT) – but not endorsed by Treasury Secretary Geithner…
I think we all saw this coming. We’re easing out of a recession. The deficit is climbing. Companies *might* be hiring again, depending on the sector. Wall Street is inching back up, salaries and bonuses included. Retail sales are rebounding. It’s all good, right? We’re getting there, the President keeps reminding us, as he reiterates…
Yahoo! has confirmed that it will move its European headquarters from London to Geneva – just a few skips away from Google, which is now located in Zurich. Yahoo! claims that the move is to “increase financial performance” which has been widely translated as related to taxes. The announcement from Yahoo! was made only a…