USA econovical news

Swiss Taxpayer Wins US Tax Treaty Refund Dispute

The United States District Court for the District of Columbia on January 31 ruled in favor of Starr International Company in a case concerning an erroneous refund paid to the taxpayer, which the IRS sought to reclaim.

US Tax Reforms To Boost Global Growth

Tax reform in the US could drive up the global economic growth rate to 3.9 percent, according to new estimates from the International Monetary Fund (IMF).

US Congress Approves Tax Reform Bill

The United States House of Representatives has approved the final version of the Tax Cuts and Jobs Act (TCJA), paving the way for President Trump to sign the changes into law, although this final act may be delayed until the New Year.

Senate, House Reach 'Agreement In Principle' On US Tax Bill

House and Senate Republicans have reportedly reached an "agreement in principle" on a final tax reform bill, with a final proposal expected to be placed before President Trump by Christmas.

Court Approves US Tax Agency's Request For Coinbase User Data

A US court has agreed that cryptocurrency trading platform Coinbase must share information about its customers with the Internal Revenue Service.

Varadkar Expects Progress On Apple Tax Case

Irish Prime Minister Leo Varadkar has said that he expects progress to be made on the collection of the EUR13bn (USD15.3bn) in alleged illegal state aid owed by Apple.

ATR Warns Against US Carried Interest Tax Increase

US lobby group Americans For Tax Reform (ATR) has raised the issue of capital gains tax, an area not covered by the Republicans' proposed Tax Plan, warning that a tax on carried interest could stifle economic growth.

Wealthiest To Benefit From Half Of Total US Tax Cuts: Study

The recently proposed US tax reform package would benefit the rich but see some middle-class households face higher tax rises, says a new state-by-state analysis from the Institute on Taxation and Economic Policy (ITEP).

David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge

David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off.

OECD Expands Consultation On Offshore Indirect Transfers Of Assets

The World Bank has released French and Spanish translations of its Toolkit on the taxation of offshore indirect transfers and extended the deadline for feedback to October 20.

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