The Organization for Economic Cooperation and Development unveiled technical guidance for its far-reaching reform of the global tax system in which multinational companies would be subject to a minimum tax of 15% on their profits. The OECD and the G20 agreed on a so-called Pillar Two framework in 2021 for
The next generation of tax is focused on digitization of operations. The modern-day tax department is faced with tackling numerous operational, legislative and technical challenges. We are seeing significant shifts in the approach to handling international taxation owing to initiatives such as the OECD’s Base Erosion and Profit Sharing 2.0
New York Governor Kathy Hochul’s $227 billion budget includes proposals that would make it easier to convert older office buildings into residential use. Property-tax exemptions would be offered to landlords who agree to include affordable housing in their office conversion projects, according to the state budget. The proposal expands on
Childcare shuffle; engineering a scam; one cent for tribute; and other highlights of recent tax cases. Fresno, California: Former IRS employee Deena Vang Lee, 41, has been found guilty of three counts of wire fraud, two counts of aggravated ID theft, five counts of preparing and presenting false and fraudulent
CliftonLarsonAllen, a Top 10 Firm, has added SobelCo, a Regional Leader based in Livingston, New Jersey, effective Feb.1. SobelCo, also known as Sobel &. Co., has been providing accounting, tax and advisory services since 1956. “We chose CLA because of our shared client promise and core values,” said SobelCo managing
