Corporate Taxes, Capital Expenditures, Income Taxes

Singapore Income Tax Board of Review Issues First Capital Allowance Decision in Over a Decade

Morgan Lewis on 9/1/2022

The judgment of ZF v. Comptroller of Income Tax was a seminal decision by the Singapore Court of Appeal in 2010, which influenced how capital allowances were claimed and granted in the years since. There hasn’t been a...more

VPN Appeal: When arm's length value needs to look at the market in which participants deal

White & Case LLP on 10/22/2020

On 21 October 2020, the Full Federal Court of Australia (Logan, Colvin and Thawley JJ) handed down its appeal decision in the case of Victoria Power Networks Pty Ltd v Commissioner of Taxation [2020] FCAFC 169. This case was...more

Advisers’ fees non-deductible where management decisions made by parent company

Proskauer - Tax Talks on 6/1/2020

The UK’s First-tier tax tribunal (FTT) has just released an interesting decision considering whether or not expenses incurred by a parent company on advisers’ fees that related to a proposed disposal by a group subsidiary and...more

Automotive Suppliers in 2019: New Hope for R&D Credits - Economic Development News

Bradley Arant Boult Cummings LLP on 2/20/2019

As automotive suppliers begin work on their 2018 tax returns and implement plans for their capital expenditures in 2019, suppliers should look at a potential tax credit to help offset the costs of tooling: the Research and...more

Taxpayer Victory in Utah Income Tax Single Sales Factor Case

Holland & Hart LLP on 10/15/2018

The Utah Tax Commission recently ruled in favor of a taxpayer in Case No. 16-155 by authorizing the taxpayer to use a single sales factor for Utah corporate franchise tax... Under Utah law, taxpayers in certain NAICS Codes...more

Real Estate Aspects of Tax Reform

Sheppard Mullin Richter & Hampton LLP on 1/30/2018

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA), the most extensive overhaul of the United States tax regime in over thirty years. The new tax laws will have a significant impact upon...more

Congress Passes Final Tax Reform Bill: U.S. Tax Reform: The Current State of Play

Sheppard Mullin Richter & Hampton LLP on 12/21/2017

With the affirmative vote in the House today, both Houses of Congress have now passed a final version of the Tax Cuts and Jobs Act, clearing the legislation for President Trump’s signature. President Trump is widely expected...more

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