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Minn. Bill Seeks Corporate Surtax For High Executive Pay

by usoftax_admin | Feb 27, 2025 | Tax News

Minnesota would impose additional corporate franchise tax on businesses whose pay for top executives greatly exceeds the median pay of their workers and deny state grants for those companies under legislation introduced Thursday in the state Senate.

Mich. Bill Would Bar Local Tax Caps That Require Rate Cuts

by usoftax_admin | Feb 27, 2025 | Tax News

Michigan would bar local governments from enacting property tax caps on annual revenue that require an automatic tax rate cut under a bill introduced in the state House of Representatives.

Biz Owner Not Owed For Tax Refund Wait, 8th Circ. Told

by usoftax_admin | Feb 27, 2025 | Tax News

A business owner who claimed the federal government owes him about $100,000 to make up for his lost business opportunities while he continued to wait for a claimed $100,000 tax refund is not entitled to the damages or the refund, the U.S. government told the Eighth...

Sweden: Unforeseen challenges in transfer pricing reassessments

by usoftax_admin | Feb 27, 2025 | Tax News

Åsa Edesten, Fredrika Wendleby, and André Alcén of KPMG Sweden highlight that the Swedish Tax Agency is refusing reassessments for downward transfer pricing adjustments, thereby causing legal uncertainty for multinational enterprises

Potential impact of Trump’s proposed tax reform on Mexican investors

by usoftax_admin | Feb 27, 2025 | Tax News

Santiago Llano and Ana Gabriela Ríos of Ritch Mueller explain the opportunities and challenges that a lowering of the US federal corporate tax rate would present for Mexican investors, and suggest several preparatory actions
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