Carillion loses bid to get KPMG documents ahead of U.K. lawsuit

Defunct U.K. contractor Carillion Plc won’t be able to get key KPMG documents to prepare for a 250 million-pound ($314 million) negligence lawsuit against the accounting firm. Original Article Posted at : https://www.accountingtoday.com/articles/carillion-loses-bid-to-get-kpmg-documents-ahead-of-u-k-lawsuit

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In the blogs: A way forward

Stimulus vs. trash; donating and deducting services; the schedule of automated notices; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-a-way-forward

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NOL provisions in CARES Act could spur M&A activity

The CARES Act included several provisions allowing companies to claim net operating losses for past tax years, temporarily reversing some of the limitations in the Tax Cuts and Jobs Act. Original Article Posted at : https://www.accountingtoday.com/news/nol-provisions-in-cares-act-could-spur-m-a-activity

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NATP announces 2020 TaxCon virtual event

The National Association of Tax Professionals will hold an online education event, featuring live interaction with accounting instructors, attendees and exhibitors, July 27-31, 2020. Original Article Posted at : https://www.accountingtoday.com/news/natp-announces-2020-taxcon-virtual-event

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U.S. starts probe into digital tax plans from EU to India

The Trump administration is starting investigations into digital services taxes considered by several trading partners from the European Union to India that could lead to tariffs being imposed on the countries’ exports to the U.S. Original Article Posted at : https://www.accountingtoday.com/articles/u-s-starts-probe-into-digital-tax-plans-from-eu-to-india

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The U.S. Trade Representative Expands Its Digital Services Tax Investigations

Today, the United States Trade Representative (USTR) announced Section 301 Investigations into Digital Services Tax (DST) policies in nine countries and the European Union. The announcement follows an investigation of the French DST that was completed in 2019, after which the USTR threatened significant tariffs in retaliation against France. These new investigations could lead to…

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