by Lynam Knott | Feb 4, 2014 | Aggressive Tax Positions, Offshore Assets, Uncertain Tax Positions
Bloomberg reporters Alex Barinka and Jesse Drucker just wrote an interesting article about how one large multinational is using its tax haven structures, which are typically put in place to supercharge foreign earnings by moving them to low tax jurisdictions through...
by Lynam Knott | Jan 23, 2014 | Administration of Whistleblower Claims, Guidance, IRS Whistleblower Office
Director Whitlock spoke along with Christopher Ehrman, the Director of the Commodity Futures Trading Commission’s whistleblower program, and Sean McKessy, the Director of the Security and Exchange Commission’s whistleblower program, at a webinar put...
by Lynam Knott | Jan 22, 2014 | Administration of Whistleblower Claims, Offshore Assets, Uncertain Tax Positions
Last week the Canada Revenue Agency (“CRA”) formally announced a whistleblower program for reporting Canadian tax fraud. Our contacts in Canada have told us that this measure has been in the works for a long time. For now the details remain a...
by Lynam Knott | Jan 14, 2014 | Aggressive Tax Positions, Taxpayer Underpayment, Uncertain Tax Positions, Whistleblower Awards
Today’s CFO Journal reported that a warning from the Public Company Accounting Oversight Board (“PCAOB”) late last year has resulted in much more stringent external audits being conducted by auditors of public companies. PCAOB has been...
by Lynam Knott | Jan 13, 2014 | Department of Justice, Offshore Assets, Taxpayer Underpayment
Last week a Swiss Federal Administrative Court rejected a U.S. government request for banking data on U.S. clients of Swiss bank Julius Baer. This ruling related to a group request for U.S. taxpayers with undisclosed accounts filed on a no-name basis. ...
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