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By Dan Packel | December 19, 2018
Deloitte, KPMG, EY and PwC all made moves in 2018 aimed at building their law practices.
1 minute read
By David E. Kahen and Elliot Pisem | December 19, 2018
In their Taxation column, David E. Kahen and Elliot Pisem discuss a recent decision that offers guidance as to when a taxpayer will be considered to have adopted, or changed, an accounting method, which can be an issue in many contexts other than that of accounting for advance payments
1 minute read
By Charles Toutant | December 19, 2018
To convince the Kentucky Supreme Court to reinstate a robust punitive damages verdict against international accounting firm Grant Thornton over its fraudulent promotion of tax shelters, attorney George Vinci Jr. had to convince the court to look beyond the circumstances of his wealthy clients.
1 minute read
By Charles Toutant | December 14, 2018
And when Kentucky's court of last resort reinstated a $100 million verdict against Chicago-based Grant Thornton, the nation's sixth-largest accounting firm, it was more as a deterrent against future misconduct than out of sympathy for the plaintiffs.
1 minute read
By Charles Toutant | December 14, 2018
And when Kentucky's court of last resort reinstated a $100 million verdict against Chicago-based Grant Thornton, the nation's sixth-largest accounting firm, it was more as a deterrent against future misconduct than out of sympathy for the plaintiffs.
1 minute read
By J. Scot Kirkpatrick and J. Thompson Turner | November 30, 2018
A short-and-sweet explanation of the not-so-short-and-sweet new law: Any taxpayer that owns an interest in a pass-through entity may qualify for up to a 20 percent income tax deduction on the income of that business.
1 minute read
By Dan Packel | November 29, 2018
Law firms partner with the Big Four to serve their clients, but the accountants pose an existential threat. What will happen if—or when—they turn competitive?
1 minute read
By John Kang | November 29, 2018
Big Four rivals PwC and EY expanded their legal offerings in the city earlier this year, while KPMG is preparing to launch its own Hong Kong law practice next month.
1 minute read
By John Kang | November 19, 2018
Tax specialist Lian Chuan Yeoh's Sabara Law has joined Deloitte's global legal network as the accounting giants continue their global expansion of law offerings.
1 minute read
By Steven Hadjilogiou and Michael J. Bruno | November 7, 2018
The 2017 U.S. Tax Reform introduced the Opportunity Zone provisions as an incentive for taxpayer investment in low-income neighborhoods and combined the benefits of both tax deferral and tax elimination.
1 minute read
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