The One Big Beautiful Bill Act (OBBBA) was passed by the U.S. House of Representatives on May 22, 2025 by a narrow vote of 215-214. OBBBA includes ...

"Companies doing everything by the book could still get hit, purely because of the tax policy in their home country," RKO tax ...

The IRS must go to trial to prove that a foundation is a foreign grantor trust, the US Tax Court said, leaving open the ...

On May 12, 2025, the House Ways and Means Committee reported out a significant tax reconciliation bill, known as the “One, Big, Beautiful Bill.” ...

The 'One Big Beautiful Bill' includes Section 899, a tax on foreign investors from nations seen as anti-U.S., risking trade ...

IRS tax laws affect traders on foreign exchange markets and U.S. companies conducting business in foreign currencies. When you convert cash from one currency to another and back again, there may ...

A charitable organization created in the U.S. applies to the Internal Revenue Service for recognition of its tax-exempt status in the U.S. Foreign charities -- which are those formed outside of ...

SAN SALVADOR, May 20 (Reuters) - El Salvador's Congress passed a law on Tuesday that levies a 30% tax on transactions from foreign donors to local organizations in a crackdown on "foreign agents ...

Tax Court said failure to disclose penalty can’t be assessed ... s property after assessing penalties for failure to file disclosures of interest in foreign corporations, the government said in an ...

For limited company contractors, umbrella workers ... The more significant shift lies ahead with MTD for Income Tax Self-Assessment (MTD ITSA), set to introduce quarterly reporting for a broad range ...

Lawmakers in the United States have introduced a bill seeking to impose a five percent excise tax on remittances sent to foreign countries, a move that could affect millions around the world. The ...