IRS News
SCOTUS Rejects AIG Bid to Recoup Foreign Tax Credits
The U.S. Supreme Court on Monday rejected bids by three companies to recoup hundreds of millions of dollars in foreign tax credits denied by the Internal Revenue Service as the tax agency tries to ...
IRS Taxpayer-Data Theft Much Worse Than Previously Thought
The U.S. Internal Revenue Service (IRS) said Monday a hacking attack into one of its computer databases revealed in May was much more extensive than previously thought, with nearly three times as ...
Tax-Dodge Scrutiny in U.S. Repels Bidders From Bermuda Takeovers
The IRS's scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies' value. Montpelier Re Holdings Ltd. and Platinum ...
Proposed IRS Rules Could Threaten Paulson, Highbridge Bermuda Ventures
Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules ...