Michael Rapoport
Senior Reporter at Bloomberg Tax
Senior reporter @tax. Ex-@WSJ. #TaxTwitter. #Mets, @springsteen, movies, comics fan. Tweets are my opinions, not endorsements. [email protected]
Articles
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3 weeks ago |
news.bloomberglaw.com | Caleb Harshberger |Michael Rapoport
Industry groups are calling on the IRS and Treasury Department to revoke or revise a wide swath of agency guidance that they say would hurt businesses. Regulations in the cross-hairs include the proposed rules on the corporate alternative minimum tax, or CAMT; stock buyback excise tax proposed rules; cryptocurrency broker reporting final rules; and cloud transaction proposed rules.
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3 weeks ago |
news.bloombergtax.com | Caleb Harshberger |Michael Rapoport
Industry groups are calling on the IRS and Treasury Department to revoke or revise a wide swath of agency guidance that they say would hurt businesses. Regulations in the cross-hairs include the proposed rules on the corporate alternative minimum tax, or CAMT; stock buyback excise tax proposed rules; cryptocurrency broker reporting final rules; and cloud transaction proposed rules.
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3 weeks ago |
news.bloombergtax.com | Michael Rapoport
Restaurant giant Yum! Brands Inc. sued the IRS late Wednesday in an attempt to block a $4 billion tax bill over corporate reorganization transactions that the company contends should be tax-free. The company’s complaint, filed in US Tax Court, alleges that the IRS made erroneous adjustments to the company’s 2013-15 taxes in attempting to levy taxes and penalties on transactions related to a 2014 series of reorganizations by Yum, which owns restaurant chains KFC, Pizza Hut, and Taco Bell.
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3 weeks ago |
news.bloombergtax.com | Michael Rapoport
The “revenge” tax provision that’s in the giant tax bill working its way through Congress has a lot of people worried. Known as Section 899, the provision would impose stiff, retaliatory tax rates on companies and people from countries that the US deems to be imposing “unfair” and “discriminatory” taxes against US companies. It was included in the version of the bill House Republicans narrowly passed last month, and now gets Senate attention.
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3 weeks ago |
news.bloombergtax.com | Michael Rapoport
The US should take “decisive action” to get Canada and the UK to withdraw their digital taxes on technology companies, six business groups said Tuesday.
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Yum! Brands, the giant restaurant company, is suing the IRS over a $4 billion tax bill on corporate-reorganization transations that the company contends should be tax-free. My story for Bloomberg Tax. @tax https://t.co/pNATkr4Lql
In case you want to know more about the "revenge" tax provision in the big congressional tax bill that has a lot of people concerned, I talk about it here on Bloomberg Tax's Talking Tax podcast. @tax https://t.co/MTCDWCkL68
RT @MikeDorning: NEW: Trump ‘Revenge’ Tax Would Cut Foreign Investment in US, Congress's Official Scorekeeper Says @rapoportmike @mccormick…
