Income Determination Inventory valuation Inventories generally are stated at either cost or the lower of cost or market. Items may be deemed to be sold on a first in first out (FIFO) orRead More
Under US domestic tax laws, a foreign person generally is subject to 30% US tax on the gross amount of certain US-source income. All persons (‘withholding agents’) making US-source fixed, determinable, annual, orRead More
United States (US) tax reform enacted in July 2025 The One Big Beautiful Bill Act (OBBBA) was signed into law by President Trump on July 4, 2025. OBBBA permanently extends, with modifications, certainRead More