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Japan

31 countries sign international agreement on country-by-country reporting, but not U.S.

31 countries sign international agreement on country-by-country reporting, but not U.S.

OECD press release (Jan. 27, 2015). On January 27, finance ministers and top officials from 31 countries — which didn’t include the U.S. — signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (the Agreement), according to an OECD press release. This is the first signing ceremony for the Agreement to facilitate […]

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U.S. Senate panel approves eight international tax treaties

U.S. Senate panel approves eight international tax treaties

WASHINGTON (Reuters) – The U.S. Senate Foreign Relations Committee on Tuesday approved eight long-delayed international tax treaties, which had been held up for years because of one Republican senator’s objections, despite support from companies that want consistency in rules for how to do international business. The treaties are with Switzerland, Luxembourg, Hungary, Chile, Spain, Poland […]

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Toshiba CEO quits over accounting scandal

Toshiba CEO quits over accounting scandal

TOKYO (Reuters) – Toshiba Corp’s chief executive Hisao Tanaka and a string of other senior officials resigned on Tuesday for their roles in the country’s biggest accounting scandal in years. Tanaka will be temporarily replaced by Chairman Masashi Muromachi after an independent inquiry found the CEO had been aware the company had inflated its profits […]

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Toshiba CEO to quit in accounting scandal

Toshiba CEO to quit in accounting scandal

TOKYO (Reuters) – Toshiba Corp expects 300-400 billion yen ($2.4-3.2 billion) in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down, sources familiar with the matter said on Wednesday. The Japanese conglomerate has hired a third-party committee to investigate past book-keeping practices which […]

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Toshiba inflated profits by $1.2 billion with top executives’ knowledge

Toshiba inflated profits by $1.2 billion with top executives’ knowledge

TOKYO (Reuters) – Japan’s Toshiba Corp overstated its operating profit by 151.8 billion yen ($1.22 billion) over several years in accounting irregularities involving top management, an independent investigation said in a report on Monday. In the country’s biggest corporate scandal in years, the findings could lead to the restatement of earnings, a board overhaul and […]

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Multiple Tax Rate Proposal Reveals Japan Coalition Rift

Multiple Tax Rate Proposal Reveals Japan Coalition Rift

Multiple Tax Rate Proposal Reveals Japan Coalition Rift – Lower Rates on Essential Items Would Reduce Sorely Needed Extra Revenue, as reported in the news of the WS Journal. A planned sales tax increase agreed just two months ago is again causing a headache for Prime Minister Shinzo Abe, as his coalition partner insists on […]

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Bankers’ lawsuit jeopardizes U.S. tax dodger crackdown

Bankers’ lawsuit jeopardizes U.S. tax dodger crackdown

WASHINGTON/NEW YORK (Reuters) – A court challenge by Texas and Florida bankers threatens to undermine a broad U.S. government crackdown on offshore tax avoidance and jeopardize a web of carefully crafted international agreements, tax lawyers said recently. The Texas Bankers Association and the Florida Bankers Association, both industry groups, have filed a lawsuit attempting to […]

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In Japan, Change-Up Sent Balls Flying, but Now Fans Cry Foul

In Japan, Change-Up Sent Balls Flying, but Now Fans Cry Foul

There’s no crying in baseball; but apparently, “juicing” is still a problem – you know, Performance Enhancing Drugs (PEDS) – only this time it’s not the players using steriods, it’s the baseballs – and nobody knew, . . . here’s the article in the WS Journal. Tony Blanco’s home run against the Tokyo Yakult Swallows […]

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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.

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Member CA Bar Member Orange County Bar US Tax Court Attorney