Half of Foreign Assets Held in Tax Havens, New Research Estimates
With the goal of shedding light on what foreign financial reports can tell about offshore holdings and the effect of …
Trendspotting: State-Run Retirement Programs
Debbie Tam In 2023, three states (Nevada, Minnesota, and Vermont) passed legislation to implement a state-run retirement program. The tally currently stands …
IRS Provides Transition Relief and Guidance for Required Minimum Distributions Under SECURE and SECURE 2.0 Acts
The IRS has issued limited transition relief for plan administrators, payors, plan participants and beneficiaries to address changes in required …
Should PCAOB be Consolidated into SEC?
From time to time, a particular proposal or another has been floated to transfer the Public Company Accounting Oversight Board’s …
New OECD Guidance Includes Transitional Safe Harbor for Pillar Two Top-Up Tax
Updated administrative guidance on the Organization for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting’s …
OECD Reports ‘Significant Progress’ on Pillar One as Members Extend Digital Services Tax Delay
Countries that have or plan to enact a digital services tax agreed to continue to hold off another year while …
Werfel Announces Upcoming Expansions to In-person, Online Services
Three months following the conclusion of this year’s tax filing season, the IRS provided an update on how it has …
IRS Launches Criminal Investigation into Abusive Malta Pension Plans
The IRS’ crackdown on a tax scheme involving Maltese pension plans has taken a turn as the agency’s Criminal Investigation …
PCAOB Criticizes PwC for Not Fixing Quality Control Deficiency
The PCAOB publicly criticized PricewaterhouseCoopers LLP for failing to address a quality control problem found during 2019 audit inspection. The …
Securities Industry Asks FASB for Three Extra Months to Study Proposal on Purchased Financial Assets
The Securities Industry and Financial Markets Association (SIFMA) asked the FASB to extend the comment period on proposed accounting rules …