Edition:
India

Patrick Temple-West

U.S. tax chief won't apologize to Republicans in 'Tea Party' probe

21 Jun 2014

WASHINGTON The head of the U.S. Internal Revenue Service refused to apologize on Friday for the loss of emails that Republican investigators want as part of a year-old inquiry into the tax agency's scrutiny of politically conservative groups.

Supreme Court rules taxpayer can challenge IRS summons

20 Jun 2014

WASHINGTON The U.S. Supreme Court on Thursday ruled unanimously that taxpayers have a right to challenge an Internal Revenue Service summons enforcement action in court when they can show the tax agency might have issued the summons in bad faith.

U.S. Senate's tax writer sees 15-month 'window' for tax reform

18 Jun 2014

WASHINGTON The U.S. Senate's chief tax law writer on Tuesday vowed to work on overhauling the federal tax code by August 2015, citing a move by Medtronic Inc to shift its tax home base to Ireland as a spur to congressional action.

Medtronic deal draws Washington scrutiny of tax relocations

17 Jun 2014

WASHINGTON The threat of U.S. tax revenue losses from Medtronic Inc's plan to buy rival Covidien Plc and move its base to Ireland is stoking concerns from lawmakers and the Obama administration about corporate tax "inversion" deals.

Medtronic deal draws Washington scrutiny of tax relocations

17 Jun 2014

WASHINGTON The threat of U.S. tax revenue losses from Medtronic Inc's plan to buy rival Covidien Plc and move its base to Ireland is stoking concerns from lawmakers and the Obama administration about corporate tax "inversion" deals.

Medtronic deal draws Washington scrutiny of corporate tax relocations

17 Jun 2014

WASHINGTON, June 16 The threat of U.S. tax revenue losses from Medtronic Inc's plan to buy rival Covidien Plc and move its base to Ireland is stoking concerns from lawmakers and the Obama administration about corporate tax "inversion" deals.

Owner of Triple Crown-contending racehorse loses tax case versus IRS

14 Jun 2014

WASHINGTON A California businessman and prominent figure in horse racing on Friday lost a multimillion-dollar tax-shelter dispute in an appeals court decision favoring the U.S. Internal Revenue Service.

Owner of Triple Crown-contending racehorse loses tax case versus IRS

14 Jun 2014

WASHINGTON A California businessman and prominent figure in horse racing on Friday lost a multimillion-dollar tax-shelter dispute in an appeals court decision favoring the U.S. Internal Revenue Service.

Owner of Triple Crown-contending racehorse loses tax case vs IRS

14 Jun 2014

WASHINGTON, June 13 A California businessman and prominent figure in horse racing on Friday lost a multimillion-dollar tax-shelter dispute in an appeals court decision favoring the U.S. Internal Revenue Service.

Cantor shock stalls offshore corporate tax break in Congress

13 Jun 2014

WASHINGTON The defeat of House of Representatives Majority Leader Eric Cantor shifted the political ground under U.S. multinational corporations this week, just as they seemed to be gaining traction in their push for a $95 billion tax break on bringing foreign profits home.

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