Few days ago Senate Finance Committee approved a Bill that would modify the FIRPTA – Foreign Investment in Real Property Tax Act. The affected foreign investors are primarily the shareholders of REIT – Real Estate Investment Trusts, however, the changes would also encompass other foreign investors in US real property. 118 more words
Tags » International Tax
The withholding tax rate has reduced from 5% to 2.5% which is applicable to all aspects of building, construction, and related activities. But for survey, design, and deliveries this withholding tax rate remains 5%. 33 more words
American Opportunity Tax Credit not available to students on F1 visas
The American Opportunity Tax Credit is available to help eligible students and their parents offset the cost of higher education by reducing the amount of the federal income tax they owe. 314 more words
Accountancy firm PricewaterhouseCoopers (PwC) has been accused of promoting tax avoidance “on an industrial scale”, in a report by MPs.
It is said to have helped hundreds of clients cut their corporation tax bills by setting up bases in Luxembourg. 518 more words
On 11 February 2015 the OECD published on its website comments received from interested parties in respect of the discussion draft on interest deductions and other financial payments, corresponding to action 4 of the OECD/G20 action plan on base erosion and profit shifting (BEPS). 972 more words