Whenever a new business is founded, the entrepreneur must decide what type of company it will operate us.
Estate plans are essential to minimizing conflict, protecting families, and providing financial security during incapacity or after death.
The High Court, in the recent case of R (Biffa Waste Management Services Ltd) v the Commissioners for HMRC  EWHC 1444 (Admin), has provided much needed clarification on taxpayers’ entitlement to rely upon rulings by HMRC where the ruling is general in nature but framed to apply only to specific transactions.
Our Tax Strategy & Benefits team provide an overview of the potential tax issues that multinational companies may have to address in connection with the UK’s withdrawal from the EU and the potential implications of using the UK as a holding company jurisdiction in a post-Brexit world.
Alabama Regulation Requires Software Update: Tax Tribunal Holds Modified Software is Nontaxable Custom Software
The Alabama Tax Tribunal held that a taxpayer was entitled to a refund of sales taxes paid on purchases of software that was modified for its exclusive use because it constituted nontaxable custom software.
On June 28, 2016, the much-anticipated memorandum opinion of the US District Court for the District of Delaware in Temple-Inland, Inc. v. Cook et al., No. 14-654-GMS was released on the parties’ cross-motions for summary judgment, finding Delaware’s extrapolation methodology and audit techniques collectively violate substantive due process.
Late last year, the Internal Revenue Service’s (IRS’s) Large Business and International (LB&I) division announced that it would restructure its organization.
Many of our readers have asked me about the likely controversy that will ensue following the death of Prince. In fact, two readers feel, since I have been reporting about some of the controversy surrounding the Estate of Michael Jackson, that I must write about Prince’s estate and the expected controversy surrounding it. So, here we go!
Italy’s Supreme Court Denies Treaty Benefits to UK Holding Company Under Beneficial Ownership Clause of UK-Italy Treaty
The Italian Supreme Court with its ruling n. 10792 of May 25, 2016 held that the 5 percent reduced dividend withholding tax provided for under article 10 of UK-Italy Tax Treaty does not apply, when the company that receives the dividends does not prove that it is the “beneficial owner” of the dividend as required under the relevant provision of the applicable tax treaty.