International taxes

Consider acting swiftly to correct international tax form mistakes.

Eighty percent of the business leaders surveyed by BDO in the Americas said the focus of tax legislation changes constantly as the result of the elected party and/or it is difficult to predict.

Intercompany pricing corrections now can help generate cash by utilizing tax net operating losses.

But leaving the country — for whatever reason — brings serious tax and reporting implications.

The outcome of Tuesday’s election could be profound tax changes, but that’s only if one party wins control of both houses of Congress and the White House.

The heirs of Samsung Electronics Co. Chairman Lee Kun-hee, who died Sunday, could face billions of dollars in inheritance taxes. But that doesn’t necessarily mean they’ll have to cede control over the group by selling shares.

Grant Thornton has prevailed in an appeal by a former tax client who had sued after the firm failed to advise him of a tax strategy that potentially could have saved him over a million dollars and then allegedly tried to cover up the error.

American International Group Inc. settled a case involving cross-border transactions the government claimed amounted to improper tax shelters.

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.

Apple Inc. has been lobbying the U.S. government on tax breaks to support domestic chip production, suggesting the iPhone maker is keen to move more of its supply chain to the U.S.