The American Institute of CPAs has urged the IRS to change its rules governing how foreign corporations with US income tax filing responsibilities can comply voluntarily with US tax accounting principles.
International Flavors & Fragrances (IFF) has announced that it has reached a settlement with the Spanish tax authorities regarding income tax deductions.
India’s new finance minister, Palaniappan Chidambaram, has moved to increase taxpayer confidence by ordering a review of the recently proposed retroactive tax law amendments.
AIG, the international insurance and financial services company, reported an increase in second-quarter profit yesterday, boosted by the use of a much-criticised tax benefit.
