by usoftax_admin | Feb 24, 2025 | Tax News
The U.S. Tax Court rejected foreign tax credits that Eaton Corp. had claimed on its lower-tier overseas entities’ income taxes for 2007 and 2008, saying in a Monday opinion that its overseas ownership structure had disqualified the multinational power management... by usoftax_admin | Feb 24, 2025 | Tax News
A U.S. investor who was among those accused by Denmark’s tax agency of participating in a $2.1 billion tax fraud scheme related to fraudulently claiming refunds on tax withheld from stock dividends has reached a settlement, according to New York federal court... by usoftax_admin | Feb 24, 2025 | Tax News
The U.S. Supreme Court on Monday let stand a ruling by the Tenth Circuit that a Colorado law requiring that financial impacts be included in the titles of some tax-related ballot initiatives does not cause “improperly compelled” speech. by usoftax_admin | Feb 24, 2025 | Tax News
Corporate-focused tax preparation software company Avalara, accused by Vertex Inc. of poaching workers to steal trade secrets, has asked to file counterclaims, arguing Vertex has actually done the illegal poaching. by usoftax_admin | Feb 24, 2025 | Tax News
A Missouri federal court on Monday tossed some of Express Scripts’ claims for a $42.9 million tax refund formerly available for domestic production, saying the pharmacy benefit manager improperly reversed course on whether certain costs should be included in its...