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Businesses around the world often operate in more than one country, making them subject to multiple tax jurisdictions. To prevent businesses from minimizing their tax liability by taking advantage of cross-country differences, countries have implemented various anti-tax avoidance measures, such as the so-called Controlled Foreign Corporation (CFC) rules. Controlled Foreign Corporation rules apply to certain income
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One of Wall Street’s biggest bulls isn’t jumping on the growth stock bandwagon. Despite the tech-heavy Nasdaq‘s run to record highs, Credit Suisse’s Jonathan Golub prefers value trades right now. “The second quarter of this year will be the fastest GDP quarter that we had since 1952. So basically since the Marshall Plan and the
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An IRS office building in the East Harlem neighborhood of New York. Timothy Fadek/Bloomberg via Getty Images Last December, two Atlanta tax professionals pled guilty to a scheme that defrauded the IRS of more than $250 million in taxes. The scam claimed more than $1.2 billion in fraudulent charitable deductions through so-called syndicated conservation easements,
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