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Judge Tosses Tax Fraud Claim In Mariana Bribery Case

by usoftax_admin | Mar 12, 2025 | Tax News

A federal court dismissed Wednesday a claim connected to allegations of tax fraud in a $310,000 civil asset forfeiture case brought by the U.S. government against a Northern Mariana Islands business after concluding the court lacked jurisdiction.

4th Circ. Voids IRS Win In Collections Suit Against NC Couple

by usoftax_admin | Mar 12, 2025 | Tax News

The IRS should not have been granted a district court win over a North Carolina couple’s 2007 tax bill because there was conflicting evidence about when the taxpayers had reached out to the agency for an installment payment agreement, the Fourth Circuit said...

Canada Announces Steel, Aluminum Retaliatory Tariffs On US

by usoftax_admin | Mar 12, 2025 | Tax News

Canada will impose CA$29.8 billion ($20.7 billion) in retaliatory tariffs in response to the 25% rates that President Donald Trump has levied on all steel and aluminum imports, a senior Canadian government official announced on Wednesday.

IRS Scrutiny May Underlie Move Away From NIL Collectives

by usoftax_admin | Mar 12, 2025 | Tax News

The University of Colorado’s January announcement that it was severing its partnership with a name, image and likeness collective is part of universities’ recent push to move NIL activities in-house, seemingly motivated by tax implications and increased...

Starbucks’ Sourcing Aided $1.3B Low-Tax Profits, Report Says

by usoftax_admin | Mar 12, 2025 | Tax News

Starbucks leveraged its private certification program for coffee growers to boost profits transferred almost tax-free from Switzerland to the Netherlands to the U.K., amounting to an estimated $1.3 billion between 2011 and 2021, according to a report from a...
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