The outcome of the Apple EU state aid case turned on a procedural issue and might have been different if the company had filed a cross-appeal, according to Court of Justice Advocate General Juliane Kokott. In an interview with Tax Notes, Kokott explained that the win for the European Commission in European Commission v. Ireland (C-465/20 P), decided by the Court September 10, was “a bit surprising and only based on procedural grounds.” State aid cases rely on a reference system, national law, which allows a comparison to be made to determine if one company is treated better than others. “The issue here was whether the Court correctly defined this comparison basis. The Court of Justice left that open. Since Apple did not file a cross-appeal — only the Commission did — the reference system stood, and Apple lost the case. The key question is whether Apple should have known that it should file a cross-appeal,” Kokott said. “Now the decision is final and cannot be touched anymore. I doubt that it's a strong precedent,” Kokott added. Read more ⬇️
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Good government needs good governance. We need laws that ensure transparency and accountability from government at all levels. This is not good enough and we were promised better by this government. Why are some election promises sacrosanct (Tax cuts) and others even more vital to good government not. This needs to change. As a country we cannot afford for it not to.
Cone of Silence. Government hides gas Cartel's dirty secrets in Clayton Utz fee-fest - Michael West
https://michaelwest.com.au
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🚨 The IRS recently held a public hearing to discuss potential updates to foreign trust reporting regulations. Key changes under consideration include: ✅ Exemptions for foreign pension trusts ✅ Raising the threshold for reporting foreign gifts ✅ Penalty relief for first-time filing violations These updates could significantly ease #taxcompliance burdens for U.S. taxpayers with international ties. Stay informed on these proposed changes and what they mean for your clients by reading our full #GlobalBusiness blog by Catherine Yuan, CPA, at the link below. #InternationalTax #ForeignTrusts #GlobalTax
IRS Considers Relief in Proposed Foreign Trust Reporting Regulations - McGuire Sponsel
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The IRS is rethinking foreign trust reporting regulations, and the proposed changes could make compliance more manageable for U.S. taxpayers. Learn about the potential impact of new exemptions, raised thresholds for reporting foreign gifts, and first-time penalty relief. Stay ahead of these updates with insights from Catherine Yuan, CPA, on our Global Business team. Explore the full blog at the link below.
🚨 The IRS recently held a public hearing to discuss potential updates to foreign trust reporting regulations. Key changes under consideration include: ✅ Exemptions for foreign pension trusts ✅ Raising the threshold for reporting foreign gifts ✅ Penalty relief for first-time filing violations These updates could significantly ease #taxcompliance burdens for U.S. taxpayers with international ties. Stay informed on these proposed changes and what they mean for your clients by reading our full #GlobalBusiness blog by Catherine Yuan, CPA, at the link below. #InternationalTax #ForeignTrusts #GlobalTax
IRS Considers Relief in Proposed Foreign Trust Reporting Regulations - McGuire Sponsel
https://mcguiresponsel.com
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Could foreign trust reporting finally become less burdensome? Recent IRS proposals include promising updates like higher thresholds for reporting and penalty relief for taxpayers. These changes could mean significant compliance relief for clients with international ties. Dive into the details in our latest blog by Catherine Yuan, CPA. Read more at the link below. #InternationalTax #ForeignTrusts #GlobalTax
🚨 The IRS recently held a public hearing to discuss potential updates to foreign trust reporting regulations. Key changes under consideration include: ✅ Exemptions for foreign pension trusts ✅ Raising the threshold for reporting foreign gifts ✅ Penalty relief for first-time filing violations These updates could significantly ease #taxcompliance burdens for U.S. taxpayers with international ties. Stay informed on these proposed changes and what they mean for your clients by reading our full #GlobalBusiness blog by Catherine Yuan, CPA, at the link below. #InternationalTax #ForeignTrusts #GlobalTax
IRS Considers Relief in Proposed Foreign Trust Reporting Regulations - McGuire Sponsel
https://mcguiresponsel.com
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The IRS is rethinking foreign trust reporting regulations, and the proposed changes could make compliance more manageable for U.S. taxpayers. 💼 Learn about the potential impact of new exemptions, raised thresholds for reporting foreign gifts, and first-time penalty relief. Stay ahead of these updates with insights from Catherine Yuan, CPA, on our Global Business team. Explore the full blog at the link below. #GlobalTax #TaxCompliance #InternationalTax
🚨 The IRS recently held a public hearing to discuss potential updates to foreign trust reporting regulations. Key changes under consideration include: ✅ Exemptions for foreign pension trusts ✅ Raising the threshold for reporting foreign gifts ✅ Penalty relief for first-time filing violations These updates could significantly ease #taxcompliance burdens for U.S. taxpayers with international ties. Stay informed on these proposed changes and what they mean for your clients by reading our full #GlobalBusiness blog by Catherine Yuan, CPA, at the link below. #InternationalTax #ForeignTrusts #GlobalTax
IRS Considers Relief in Proposed Foreign Trust Reporting Regulations - McGuire Sponsel
https://mcguiresponsel.com
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Understand the differences between civil and criminal IRS penalties. 🧾⚖️ Discover what actions could lead to jail time and hefty fines, and learn about the more common civil penalties, including potential fines up to 25%. Stay informed and avoid costly mistakes with your taxes! 📊💰 International taxes can feel overwhelming, but we're here to help. Stay tuned for more expert advice on expat tax preparation, and don't hesitate to drop your questions in the comments section below! Follow our channel or reach out for a consult, visit 🌐 mcgowintax.com #IRSPenalties #TaxAwareness #FinancialPlanning #McGowinTax
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📰 EU State Aid and Tax Measures: CJEU Judgment in the Amazon Case On 14 December 2023, the Court of Justice of the European Union delivered its judgment in the Amazon case in which the CJEU provided an excellent summary of the EU State aid principles governing taxation measures taken by Member States. More details 👉https://lnkd.in/etDjfm7m ✍ Marco Hickey #legalnews #insights #stateaid #CJEU #competitionlaw
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📣 Exciting News! The Senate Economic Affairs Committee (CAE) has approved the Program for Regularization of Non-Tax Debts, offering discounts for individuals and legal entities, as well as extended deadlines. Find out more about this development and its potential impact in our latest blog post: https://ift.tt/vebIZqp
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Happy U.S. Independence Day! 🎉 The American Revolution was precipitated in part by tax laws! Regulations of trade and taxes imposed by the British and an unwillingness to respond to American demand for change eventually served as a basis for the Declaration of Independence! Who could have guessed increasing taxes on tea, and news that the Stamp Act had reached the colonies would trigger a full-blown Revolution? 💂♂️ Goes to show the true impact of tax. Avalara Partners can help ensure you help your customers stay compliant, leading to seamless business practices. Get in touch with industry experts and avoid pesky fees. 🧡
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Navigating the complexities of tax obligations can be challenging for businesses and individuals alike. One aspect that often requires attention is the holdover of provisional tax in Hong Kong. This provision allows taxpayers to defer or reduce their provisional tax payments under certain conditions, providing much-needed flexibility in financial planning.
Understanding and utilizing the holdover of provisional tax can be a strategic move for taxpayers in Hong Kong. It not only aids in financial management but also ensures compliance with tax regulations without undue financial strain.
