Wolters Kluwer: Tax Law

The European Commission’s proposed directive ‘Faster and Safer Relief of Excess Withholding Taxes’ (#FASTER) aims to standardize, modernize, and digitalize the #EU-wide withholding #tax procedure to enhance efficiency and fraud resistance. The authors Melina Konstantinou and Katherina Konstantinou deal with these advanced developments of the FASTER initiative inorder to examine the suitability of the proposal for a #Europe-wide introduction. The article from the EC Tax Review is published on kluwerlawonline.com

Wondering how recent changes to the rules around retirement accounts might impact you or your clients? Tune in to our webinar on November 20, "The IRS's New Rules on Required Minimum Distributions from IRAs & Using AI to Streamline Research"! #retirementplans #IRS #taxlaw

Regulations Amended to Modernize Sales of Seized Property and Maximize Proceeds. The IRS has modernized the rules regarding the sale of a taxpayer’s property that the IRS seizes by levy. The amendments allow the IRS to maximize sale proceeds for both the benefit of the taxpayer whose property the IRS has seized and the public fisc. These new rules affect all sales of property the IRS seizes by levy. #taxlaw #irs #seizedproperty

The world of international #taxation is constantly changing, with new tax treaties, #regulatory updates, and international agreements. Kluwer ensures that users stay informed with the most recent changes, enabling #tax professionals to advise clients effectively. Kluwer International Tax Law provides a comprehensive, authoritative, and up-to-date resource for navigating the complexities of international tax law covering a wide range of #international tax topics, like issues related to double #taxation, #transferpricing, withholding taxes, and more. The platform allows for advanced searches across articles, commentary, case law, and legislation, helping users quickly find relevant information. Kluwer International Tax Law provides tax professionals with the tools and insights necessary to navigate the complex landscape of international tax, ensuring they can offer informed, precise advice to clients on a global scale. Get more information on how to get access: https://lnkd.in/g-gzMUrh

GenAI is revolutionizing the daily routines of many legal professionals. Our latest research found 76% of corporate legal departments and 68% of law firms use GenAI in their work at least weekly. Find out how the legal industry is embracing technology in the 2024 Future Ready Lawyer Survey report from Wolters Kluwer: https://lnkd.in/eKRFEH6q #legaltech #lawyer #AI

During our recent Author Loyalty & Content Conference, Dr. Matthias Artzt and Dr. Malte Köllner, patent attorney Köllner shared their valuable insights on the evolving landscape of authorship. While they won't be using GenAI for creating their commentaries, they definitely see the merit in enhancing English language quality! They highlighted their reasons for choosing Wolters Kluwer as their publisher, including our leading market position and robust editorial tools like PublishOne—“it’s okay!” They also emphasized that promoting their work on social media and at events is not just a nice-to-have, but an integral part of being an author. A heartfelt thank you to Matthias and Malte for sharing their insights and experiences with us! Your contributions are what make our business thrive. 🌟 Our colleagues from Wolters Kluwer Deutschland hosted the event in Cologne to discuss content and authors, who are crucial to the future of publishing. Gwen De Vries, Niki de Bruin and Suzanne Leppen were there to represent the Wolters Kluwer Legal & Regulatory International Group and found the insights provided during the event enlightening and can’t wait to implement some suggestions in day-to-day work! #AuthorInsights #WoltersKluwer #Publishing #ContentCreation #AuthorLoyalty

The ruling of the Court of Justice of the European Union (#CJ) concerns the question of whether members of a value added #tax group (#VAT group) are still to be regarded as independent taxable persons and, in particular, whether internal supplies made between the members of the same VAT group are subject to #VAT. The CJ has now denied this in the German initial proceedings on the basis of the following legal provisions. The #judgment of the CJ is relatively brief, but puts an end to the discussion as to whether the handling of VAT groups under German law is compatible with the requirements of the Directive. Read the full article by Thomas Stapperfend of Humboldt-Universität zu Berlin on Kluwer International Tax Law 👀 Read the article on Kluwer International Tax Law: https://lnkd.in/e3vjzY3F 🔔 Not a subscriber yet, get more information: https://lnkd.in/g-gzMUrh

On September 10, 2024, the European Court of Justice sided with the European Commission and ruled that two Irish subsidiaries of Apple Inc. received unlawful state aid from Ireland in the form of a tax advantage! The ECJ’s Apple Decision and Its Implications for International Tax are discussed by authors James Anderson, Niels Baeten, Nate Carden, Elizabeth Malik, Giorgio Motta, Vanessa Johnson, and Keti Zukakishvili of Skadden Law Firm. Read the key points, the facts, the decision and a conclusion on the Kluwer Competition Law Blog! #competition #tax #ECJ #apple #EU

The Tax Court held that the IRS Office of Appeals properly upheld a notice of intent to levy with respect to unpaid federal income tax liabilities. In determining whether IRS Appeals abused its discretion, the Tax Court considered whether the appeals officer (1) properly verified that the requirements of applicable law or administrative procedure have been met, (2) considered any relevant issues the taxpayer raised, and (3) weighed whether any proposed collection action balances the need for the efficient collection of taxes with the legitimate concern of the taxpayer that any collection action be no more intrusive than necessary. The taxpayer did not challenge verification requirement. Further, the taxpayer failed to provide financial documentation and delinquent tax returns requested by the appeals officers, despite being given ample opportunity to do so. The appeals officer did not abuse his discretion in rejecting collection alternatives because the taxpayer did not provide requested financial information. Finally, the taxpayer did not challenge the balancing requirement. https://lnkd.in/gQTAgWN7 #tax

Two individuals were not able to use foreign currency option transactions for tax avoidance purposes and were liable for an income tax deficiency, as determined by the Tax Court. An entity jointly owned by the taxpayers and involved in the case was formed only to hold stock. The entity advised companies and authorized over-the-counter foreign currency option transactions. The taxpayers were denied a short-term capital loss. The taxpayers alleged this was required by the mark-to-market rules in IRC §1256. The taxpayers had not adequately explained posting margin collateral or otherwise secured the performance of the obligations owed. Because the entity was taxed as a partnership for the tax year at issue, the loss flowed through to the taxpayers. The taxpayers failed to establish that they or the entity had a sufficient profit motive to support the deductibility of the claimed loss. https://lnkd.in/gKiJ7GzZ #tax