Contact Paul +

Time limit is exhausted. Please reload CAPTCHA.

India

Washington Alert – DHS investigates inverted corporations; IRS Whistleblower Office receives lots of attention; U.S. & Vietnam sign accord; U.S. & India sign IGA; JCT Report on Excise Taxes

Washington Alert – DHS investigates inverted corporations; IRS Whistleblower Office receives lots of attention; U.S. & Vietnam sign accord; U.S. & India sign IGA; JCT Report on Excise Taxes

A bicameral group of seven Democrats on July 9 called on the chief watchdog of the Department of Homeland Security (DHS) to investigate the possible violation of “multiple federal prohibitions on contracting with inverted corporations.” (Letter to John Roth, Office of Inspector General, Department of Homeland Security) The letter referred to a recent article which […]

Read the full article →

India Approves Plan to Converge With IFRS

India Approves Plan to Converge With IFRS

After several years of delays, India plans to allow certain large, listed companies to voluntarily report their financial results under the country’s version of IFRS. The road map doesn’t call for wholesale adoption of IFRS, instead Indian companies will be able to follow accounting standards that are converged with the international rules. Large Indian companies […]

Read the full article →

Indian court rejects Nokia appeal over asset transfer to Microsoft

Indian court rejects Nokia appeal over asset transfer to Microsoft

NEW DELHI (Reuters) – India’s Supreme Court ordered Nokia to give a 35 billion rupee guarantee before it transfers one of its biggest handset plants to Microsoft Corp. The ruling upheld a lower court verdict over the plant in Chennai, which is the subject of a tax dispute, and had been challenged by the Finnish […]

Read the full article →

India court settles Nokia tax dispute

India court settles Nokia tax dispute

India court lifts Nokia factory freeze in tax dispute. (Reuters) – An Indian court on Thursday accepted Nokia’s appeal to release its local factory after its seizure by authorities in a tax dispute, removing a hurdle for the sale of the company’s mobile phone business to Microsoft. The Chennai plant is one of Nokia’s biggest […]

Read the full article →

India’s rich are no-shows at tax time

India’s rich are no-shows at tax time

As reported in the news of the OC Register, and in Foxnews, “India’s Rich are No-Shows at Tax Time.”  Here’s the article. In a country long defined by its poverty, it’s easy now to find India’s rich: at upscale malls, driving Lamborghinis, showing off jewel-encrusted watches. They’re just about everywhere, unless it’s income tax time. […]

Read the full article →

Analysis – As more U.S. audit work moves to India, concerns arise

Analysis – As more U.S. audit work moves to India, concerns arise

As reported in the news in Reuters, auditing of U.S. corporations’ financial books, a vital underpinning of investor confidence, increasingly relies on work carried out in India, where there is no clear system of oversight.  U.S. audit regulators do not conduct regular physical inspections of offshore centers in India where U.S. audit work is performed, […]

Read the full article →

Wisconsin Neurosurgeon Convicted of Filing False Tax Return and Failing to File Report of Foreign Bank Accounts

Wisconsin Neurosurgeon Convicted of Filing False Tax Return and Failing to File Report of Foreign Bank Accounts

As reported by the DOJ news, “Wisconsin Neurosurgeon Convicted of Filing False Tax Return and Failing to File Report of Foreign Bank Accounts” where a Doctor Hid $8 Million in Secret Offshore Accounts in India. A jury convicted Arvind Ahuja yesterday on federal tax charges stemming from his failure to disclose offshore bank accounts maintained […]

Read the full article →
Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

Read More

Connect With Paul on Social Media

Practice Areas & Information

Certifications &
Associations
Member CA Bar Member Orange County Bar US Tax Court Attorney