by Lynam Knott | Mar 29, 2017 | Aggressive Tax Positions, Offshore Assets, Taxpayer Underpayment, Uncertain Tax Positions
A recent study by the Institute on Taxation and Economic Policy details how Fortune 500 Companies are holding a record $2.6 trillion offshore, thereby avoiding $767 billion in U.S. taxes. While we believe much of this amount is the result of lawful tax planning...
by Lynam Knott | Mar 30, 2016 | Uncertain Tax Positions
We began reordering the Fortune 500 based on uncertain tax positions reported in the most recent 10-K filed before June 15th of that year in 2010, the same year that the IRS announced that it was planning to require that certain business taxpayers to report uncertain...
by Lynam Knott | Oct 29, 2015 | Uncertain Tax Positions
From today’s Wall Street Journal:
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 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...
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