HSBC Swiss unit to pay $329M in Belgian tax settlement
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August 6, 2019
Upcoming Events August 6, 2019
Sales tax changes accelerated this year
By Michael Cohn      3 min read
Hundreds of localities and one state made 335 changes in their standard sales tax rate in the first half of 2019, a 5 percent increase from the same period last year, according to a new report.
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HSBC Swiss unit to pay $329M in Belgian tax settlement
By Gaspard Sebag      2 min read
HSBC Holdings Plc’s Swiss private banking unit agreed to pay about 294 million euros ($329 million) to settle a Belgian criminal probe into allegations it helped wealthy clients dodge hundreds of millions of euros in taxes.
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Amended tax returns still prone to fraudulent refunds
By Michael Cohn      4 min read
The Internal Revenue Service hasn’t done enough to improve its procedures for reviewing amended tax returns to reduce erroneous and fraudulent tax refunds, according to a new report.
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Kamala Harris’ 2020 health care plan would undo part of tax law
By Laura Davison      6 min read
The presidential candidate says she would fund her health-care plan by rolling back one of the few changes in Trump’s tax law that Democrats actually wanted.
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Trump NY tax case judge opens door for president’s day in court
By Andrew Harris      3 min read
The U.S. judge hearing a lawsuit to block New York from turning over Trump's tax returns to House Democrats told the state to wait until after he rules.
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The 2019 tax prep software comparison guide
By Ted Needleman      7 min read
Accounting Today's annual review lays out the top return preparation packages side by side.
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Special Report: The Audit of the Future
If even half the current predictions are true, in five years no one will recognize the audit. This report will look at some of the most likely changes.
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Tax Fraud Blotter: Taxes done wrong
By Jeff Stimpson      7 min read
D.A. IOU; broken LINX; fraudster to the stars; and other highlights of recent tax cases.
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A deep dive into Kaestner
By Mark A. Luscombe      6 min read
A look at the taxation of trusts and the Supreme Court’s recent ruling.
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Five hidden gems in the federal opportunity zone program
By Blake Christian      10 min read
There are some powerful ways to help your clients defer gains and help communities.
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Crypto tax avoiders face IRS roulette: Fess up or try to hide
By Lynnley Browning and Laura Davison      6 min read
More than 10,000 cryptocurrency investors face a decision as they open letters from the Internal Revenue Service informing them that they may owe taxes on their digital holdings.
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The importance and need of data analytics is ever increasing for today’s CPA firm auditors.
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