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UF Law expert available to address IRS’ new guidance on bitcoin transactions

GAINESVILLE, Fla. – With bitcoin rising to prominence in the past year as a new digital exchange method, the IRS and taxpayers have wrestled with the question of how to tax and report bitcoin dealings. The official word was handed down from the IRS today in Notice 2014-14, which “describes how existing general tax principles […]

UF Law expert available to discuss bitcoin conundrum

Contact: Omri Marian, Assistant Professor of Law, University of Florida Levin College of Law 734-239-5936 or marian@law.ufl.edu GAINESVILLE, Fla. – In her annual report to Congress released yesterday, National Taxpayer Advocate Nina E. Olson identified the lack of guidance on the taxation of bitcoin as one of the “Most Serious Problems” facing the IRS. Use […]

Will Bitcoin be the new tax haven? UF Law Professor available to discuss this likelihood

Contact: Omri Marian, Assistant Professor of Law, University of Florida Levin College of Law 734-239-5936 or marian@law.ufl.edu GAINESVILLE, Fla. – Will Bitcoin and other forms of digital currencies be the new tax havens? UF Law Professor Omri Marian argues in a forthcoming essay in the online companion of the Michigan Law Review that such an […]

News Alert – UF Law professor available to comment on Apple hearings

Contact: Omri Marian, Assistant Professor of Law, University of Florida Levin College of Law 734-239-5936 or marian@law.ufl.edu GAINESVILLE, Fla. – Apple CEO Tim Cook went before a Senate panel Tuesday, May 22, to deny that his company is avoiding paying billions of dollars in taxes. The Senate hearing was called to examine Apple’s practice of shifting […]

Why “foreign” subsidiaries of American companies should pay American income taxes; UF Law professor available for media comment

Why “foreign” subsidiaries of American companies should pay American income taxes; UF Law professor available for media comment

GAINESVILLE, Fla. – The $17 billion bond offering by Apple Inc. April 30 highlighted the ability of U.S. companies to defer paying taxes by keeping their money offshore in so-called “foreign” subsidiaries. Rather than repatriate the $102 billion it holds in its overseas subsidiaries, Apple has taken out loans to pay shareholders part of its […]