Initial data from a global survey on tax complexity shows that the overall level of tax complexity for multinational businesses has substantially increased between 2018 and 2020—much like it did between 2016 and 2018.
To gather the data for the Tax Complexity Index , surveys are sent to local tax experts at international tax consulting companies and tax consulting networks in more than 100 countries. The Index captures tax complexity by measuring "tax code complexity" and "tax framework complexity.
Tax complexity rising for global companies, survey finds | CFO Dive
Transfer pricing — or the rules for taxing enterprises under common ownership — will probably grow especially complicated in coming years because of documentation requirements and the ambiguity of regulations, according to the survey of experts conducted by researchers at Paderborn University
What Can The IRS Do To Enforce Tax Laws? | NPR Illinois
* If indeed there's a bipartisan agreement on new infrastructure spending, one thing that won't help pay for all of it is collecting money the taxpayers already owe. Negotiators have agreed not to include a provision that would've boosted the ability of the IRS to enforce tax laws.
SIMON: Why was a provision that would've meant more money that's owed to the federal government in the federal budget dropped?
F5 Reports Third Quarter Fiscal Year 2021 Results Delivering Double-Digit Annual Revenue Growth
"Our very strong third quarter results demonstrate the powerful alignment of F5's expanded solution portfolio and our customers' most important application needs," said François Locoh-Donou, F5's President and CEO.
Locoh-Donou continued, "Customers' traditional applications are generating more revenue and more engagement than ever before. At the same time, customers also are accelerating adoption of modern application architectures, like Kubernetes, for new applications.
IRS proposes new rules for e-filing information returns | Accounting Today
The Internal Revenue Service proposed regulations lowering the threshold so more employers will need to electronically file information returns such as W-2 and 1099 forms instead of filing them on paper.
The proposed regulations would gradually lower the threshold from 250 to 100 for information returns required to be filed during calendar year 2022, and then from 100 to 10 for information returns required to be filed after 2022.
South Korea Proposes New Tax Codes to Target Crypto Tax Evaders
South Korea has proposed to introduce new tax regulations to debunk tax evaders using cryptocurrency. The regulators seek to get permission for tax authorities to impound crypto assets that are stored away by tax evaders in individual wallets.
Current regulations restrict authorities from seizing virtual assets held in individual digital wallets . However, the ones that are accessible through exchanges can be impounded to pay the overdue taxes.
MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds | Business Wire
MFS Charter Income Trust
Distribution period: July 2021
Distribution amount per share: $ 0.05771
The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or
CRA Introduces New Trust Reporting Rules - Tax - Canada
The CRA has significantly expanded its reporting and disclosure requirements for trusts, continuing a previous trend of greater disclosure of beneficial ownership of trusts.
Subsection 150(1.2) of the Income Tax Act, RSC 1985, c 1 (5th Supp) (ITA), requires an "express trust" that is resident in Canada to file a T3 trust income tax return. This rule will apply to trusts that are factually resident in Canada and trusts deemed to be resident in Canada.
Carbon tax to align to UN treaties - The Mail & Guardian
South Africa's carbon tax laws are set to change with the international frameworks it aligns to, as reflected in the latest amendment to the carbon offset regulations.
The treasury said the outcome of the negotiations at COP26 [Conference of Parties] in Glasgow starting on 31 October on these issues would inform amendments to the carbon tax regulations in the 2022-23 budget statement.
Form N-CSRS EATON VANCE MUTUAL FUNDS For: May 31
Fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.
This report must be preceded or accompanied by a current summary prospectus or prospectus. Before investing, investors should consider carefully the investment objective, risks, and charges and expenses of a mutual fund.
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