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Tuesday, February 19, 2019

Happy days are over for multinationals that avoid tax payments 


HQ scoops Brand's fruity tribute to 'Dirty Dancing' 
HQ will publish “a warm, witty, honest, and accessible” account of writer and comedian Katy Brand’s life-long obsession with "Dirty Dancing


Payback for Bezos Has No Limit Bloomberg. Good clean fun

Zelenak (2016)Larry Zelenak (Duke) presents The NCAA and the IRS: Life at the Intersection of College Sports and the Federal Income Tax, 92 S. Cal. L. Rev. ___ (2019) (with Richard Schmalbeck(Duke)) (reviewed by Mirit Eyal-Cohen (Alabama) here) at Indiana today as part of itsTax Policy Colloquium Series hosted by David Gamage:

Few organizational acronyms are more familiar to Americans than those of the National Collegiate Athletic Association (NCAA) and the Internal Revenue Service (IRS). Although neither organization is particularly popular, both loom large in American life and popular culture. Because there is a tax aspect to just about everything, it should come as no surprise that the domains of the NCAA and the IRS overlap in a number of ways. For many decades, the strong tendency in those areas has been for college athletics to enjoy unreasonably generous tax treatment—sometimes because of the failure of the IRS to enforce the tax laws enacted by Congress, sometimes because Congress itself has conferred dubious tax benefits on college sports. In just the past year, however, there have been signs of what may be a major attitudinal shift on the part of Congress—although so far there have been no signs of a corresponding change at the IRS. This article offers an in-depth look at the history and current status of four areas of intersection between the federal tax laws and college sports.

 This retiree is happy to see the end of cash refunds on franking credits - ABC News

*Why has the European Commission not investigated #LuxLeaks tax deals?






Today Simon Bowers of the International Consortium of Investigative Journalists asks a very pertinent question, which you can read in full here. Some of the deals signed behind closed doors, brokered by accountancy firm PwC, known as “tax rulings” — meant some companies were able to pay less than 1 … [Read more...]

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