In the US, employed individuals must complete a W2 tax form and submit it to the IRS at the end of each tax year, which is usually January 31. Known as an Employee Wage and Tax Statement, the W2 tax form is essentially an income statement that lists an...

Generally, companies forfeit remaining loss carry forwards if more than 50 percent of their share capital changes hands over a five year period. If the change is between 50 percent and 25 percent, the loss is forfeit in proportion to the change. This rule...

It is likely that with the upcoming presidential elections in 2012, Mexico may see further substantial changes to its tax policy. The uncertainty of a solid economic recovery in Mexico until the US economy stabilises, coupled with the challenges faced by ...

Germany is one of Europe’s leading European economies, having invested more than €200bn in both cash and guarantees in the European and international markets. It is not surprising, therefore, that the European debt crisis has for some time been to...

In keeping pace with a growing Indian economy, the legal field has been undergoing massive change in recent months. Legislators have been responding to increasing international interest in doing business with India, and a number of notable developments ar...

Since the turn of the century, Argentine officials have increasingly modified foreign exchange controls to allow the nation greater management of how its currency is traded in the world market. In October of this year, a new round of restrictions were put...

With an election year looming in the United States, a number of candidates are seeking to secure the support of the country’s two main political parties. One of the contenders for the Republican nomination, Herman Cain, is placing a great deal of em...

Taxes are a reality in almost every nation around the world. At times, trying to work through the convoluted local, state and national taxes that are chargeable on everything from household items to income can be extremely intimidating. When it comes to i...

With the idea of a flat tax structure figuring in the campaigns of two presidential hopefuls for the Republican nomination, many people around the US are once again considering what an overhaul of the current federal tax system could bring, good and bad. ...

It’s been more than two years since the Russian government promised to align the country’s economy with global trends and introduce transfer pricing reform. In July 2011, Russia finally adopted new transfer pricing rules, bringing the country&...