Sixth Circuit judges Wednesday questioned the dismissal of a whistleblower’s bid for $240 million from the IRS, which capped the award at $10 million despite his role to help recover around $1.6 ...

Switzerland will delay by one year the application of OECD guidance restricting the use of certain deferred tax assets in effective tax rate calculations under global minimum tax rules, the federal ...

Vivek Ratnam joined Sullivan & Cromwell as a partner in its tax group in New York, the firm announced Tuesday. Ratnam advises clients on the federal income tax consequences of complex business ...

The IRS issued a notice on updated interest rates used to determine pension plan funding obligations and benefit values. The guidance provides the corporate bond monthly yield curve and minimum ...

The IRS issued final regulations clarifying the treatment of certain liabilities assumed in I.R.C. §351 exchanges between members of a consolidated group for purposes of determining stock basis under ...

The U.S. Court of Federal Claims held that a taxpayer could not pursue its refund claim because it failed to file an administrative refund claim after paying the disputed tax ...

The U.S. Court of Federal Claims held that a taxpayer failed to establish jurisdiction over his federal tax refund claim or plausibly allege entitlement to a refund because his self-created ...

Chicago Mayor Brandon Johnson’s budget for next year includes a renewed push for a per-employee head tax on businesses and a request to sell millions in bonds to pay down settlements and judgments for ...

ScottishPower Energy Retail Ltd. can’t benefit from tax deductions linked to a multimillion-pound regulatory settlement, the UK Supreme Court ruled Wednesday. Penalties aren’t incurred “wholly and ...

Nidec Corp. ’s share plunge has wiped at least $978 million from founder Shigenobu Nagamori ’s personal fortune as the Japanese motor maker grapples with a deepening accounting scandal. Nagamori’s ...

The IRS and Treasury Department are partially withdrawing proposed anti-abuse rules for a controlled corporation’s distribution of stock or securities.

The UK’s accounting watchdog is looking into the work of Manchester City’s long-time auditor BDO, after the Premier League club was found guilty of filing misleading accounts for nine years. The ...