Starbucks wins, Fiat loses, Apple kept guessing in EU tax rulings
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September 24, 2019
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Grant Thornton reports record revenue of $1.9B
By Michael Cohn      1 min read
Grant Thornton reported Monday that its U.S. firm achieved a record level of revenue in fiscal year 2019, surpassing $1.9 billion, a year-over-year increase of 5.4 percent.
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Starbucks wins, Fiat loses, Apple kept guessing in EU tax rulings
By Stephanie Bodoni      4 min read
Starbucks Corp. won a court fight and a Fiat Chrysler Automobiles NV unit lost one over European Union tax orders in decisions that left lawyers puzzling over the impact on Apple Inc.’s chances of toppling a record 13 billion-euro ($14.3 billion) bill.
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Apple may soon get clues about its chances of winning EU tax case
By Stephanie Bodoni      4 min read
The iPhone maker may only need to wait until Tuesday to learn about its chances of success in the biggest tax case in recent history.
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IRS faced challenges in developing TCJA international tax guidance
By Michael Cohn      3 min read
The Internal Revenue Service had a difficult time coming out with guidance, forms and instructions for provisions of the Tax Cuts and Jobs Act like GILTI.
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NRA gets financial boost from its nonpolitical foundation
By Neil Weinberg, with assistance from David Voreacos      4 min read
A review of the financial records of the National Rifle Association of America shows that the affiliate transferred nearly three times as much last year as in the past.
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Product news: Accelerator Websites for Accountants now offers websites in Spanish
By Ranica Arrowsmith
Plus new products from Chargify, Avii, and a new chief product officer at MineralTree.
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Tax Fraud Blotter: Tooth and justice
By Jeff Stimpson      6 min read
Guns galore; game of Chicken; an ID you can’t refuse; and other highlights of recent tax cases.
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IRS overlooked billions in unpaid employment taxes
By Michael Cohn      3 min read
Resource limitations and a drop in staff at the service allowed businesses to get away with billions of dollars in unpaid taxes.
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Corporate America is repatriating offshore cash at slower pace
By Katia Dmitrieva and Laura Davison      1 min read
Corporations brought $88.3 billion of overseas profits back to the U.S. in the second quarter, marking nearly $1 trillion that has returned since Congress overhauled the international tax system.
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Trump sues Manhattan D.A. as state seeks president’s tax returns
By Chris Dolmetsch and Greg Farrell      2 min read
The president sued District Attorney Cyrus Vance Jr. after Vance demanded eight years of tax returns in a probe of whether the Trump Organization falsified business records.
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