AIG settles foreign tax-credit suit for more than $400M

American International Group Inc. settled a case involving cross-border transactions the government claimed amounted to improper tax shelters. Original Article Posted at : https://www.accountingtoday.com/articles/aig-settles-foreign-tax-credit-suit-for-more-than-400m

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U.K. regulator investigates 14 firms in tax scandal across four countries

The U.K. financial regulator is investigating 14 firms and six individuals over their roles in the tax scandal known as Cum-Ex, according to a person with direct knowledge of the cases. Original Article Posted at : https://www.accountingtoday.com/articles/u-k-regulator-investigates-14-firms-in-tax-scandal-across-four-countries

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IRS tightens settlement terms for micro-captive insurance schemes

The Internal Revenue Service is offering less generous settlement terms to participants in micro-captive insurance schemes as part of its clampdown on the transactions. Original Article Posted at : https://www.accountingtoday.com/news/irs-tightens-settlement-terms-for-micro-captive-insurance-schemes

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