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The bill stems from the relocation and rise in value of PhonePe, which Walmart took majority ownership of after acquiring parent outfit Flipkart Online Services.
January 4 -
The Internal Revenue Service is responding to feedback on its draft form and instructions for Schedule UTP for reporting uncertain tax positions by making some changes for next tax season.
December 22 -
The long-term decline in the number of Fortune Global 500 companies headquartered in the U.S. occurred amid a trend of lower statutory corporate income tax rates outside the U.S.
December 20EY US -
The tax landscape for U.S. multinationals is about to get messier now that the European Union has adopted a 15% minimum tax for big companies, unless Congress takes action.
December 19 -
Democratic senators are set to propose a bill that would force U.S. oil companies to pay more tax at a time when they're raking in record profits.
December 8 -
A provision imposing a 1% excise tax on corporate stock buybacks in this year's Inflation Reduction Act is likely to have an impact on the use of special purpose acquisition companies.
November 21 -
According to data released by the OECD, the average combined statutory tax rate in its sample of over 160 countries was unchanged at 20% this year.
November 18 -
The clock is running out on the administration's efforts to tame fuel prices ahead of midterm elections.
November 2 -
U.S. gasoline prices are still high a week ahead of midterm elections.
November 1 -
One of the world's largest machinery producers, has struck a deal with U.S. tax authorities to end a dispute that stretches back to 2007.
October 28