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Supreme Court suggests support for 2017 tax on foreign earnings

Accounting Today

Key justices suggested the tax, which aimed to collect hundreds of billions of dollars on a one-time basis, wasn't fundamentally different from other levies imposed by Congress over the years.

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Billionaire tax rests on a disputed $14,729 refund at the Supreme Court

Accounting Today

The case coming before the court stems from a 2017 tax law provision that aimed to collect hundreds of billions of dollars on earnings accumulated and held overseas by big multinational companies.

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Navigating the Foreign Account Tax Compliance Act (FATCA) in Singapore

Counto

Navigating the Foreign Account Tax Compliance Act (FATCA) in Singapore As a small business owner or entrepreneur, understanding global financial regulations like the Foreign Account Tax Compliance Act (FATCA) is crucial. government to combat tax evasion by U.S. persons to the Inland Revenue Authority of Singapore (IRAS).

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Stay Tax-Savvy: Regional Invoicing Rules Explained

Invoicera

Knowing these rules matters if you want to ensure tax compliance, accurate financial reporting, and legal validity. Tax systems vary worldwide. Some of those contextual policies include Value Added Tax (VAT), Goods and Services Tax (GST), and sales tax.

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Enhancing Cash Flow: Effective Digital Payment Options for Businesses in Singapore

Counto

For SMEs and entrepreneurs , effectively collecting payments from customers is paramount for maintaining cash flow and sustaining growth. 2) PayNow Launched in 2017, PayNow facilitates peer-to-peer fund transfers instantly. Let’s look at the various digital payment methods that help you do that.

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E-invoicing? We already do this don’t we?

AP Association

It is structured, tax compliant, authenticated invoice data issued from a supplier to a buyer and is the only version of the invoice relevant to the tax authorities and auditors. According to a Billentis report in 2017, 90% of invoices worldwide are still processed manually. Global Tax Losses. What is an e-invoice?

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The Golden Rules to Score Big During Tax Time

AvidXchange

Tax season is upon us. A Little Planning Makes A Big Difference The number one challenge businesses face during tax season is time. It often takes more than a month for companies to complete all tax forms correctly. The IRS supports companies with a tax calendar that easily integrates into your work calendar.

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