United States

The Tax Exchange - July 2017

Avoiding IRS penalties: Substantial compliance with foreign returns

TAX BLOG

Avoiding IRS penalties: Substantial compliance with foreign returns

Years ago it was not unheard of for taxpayers to file their international information returns with the entity’s name, maybe a foreign tax ID number, and “financials available upon request.” To be clear, this approach does not work today.

  • July 06, 2017
EU value added tax refund potential for pharmaceutical companies

TAX BLOG

EU value added tax refund potential for pharmaceutical companies

A recent opinion by the Advocate General (AG) for the European Court of Justice (ECJ) opens the door for pharmaceutical companies to potentially claw back previously charged value added tax (VAT).

  • July 20, 2017