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Trump Admin Defends Gov’t Restructuring As Lawful

by usoftax_admin | May 8, 2025 | Tax News

The Trump administration defended what it says is a lawful executive order looking to reorganize agencies and terminate workers, telling a California federal judge that unions, nonprofits and local governments “waited far too long” to seek a temporary...

Hyatt’s $300M From Reward Program Is Income, 7th Circ. Told

by usoftax_admin | May 8, 2025 | Tax News

Hyatt Hotels should have to report nearly $300 million in revenue from a rewards program fund because it benefited from spending the money, including through advertising for its properties, the U.S. government told the Seventh Circuit on Thursday, defending a U.S. Tax...

Poland Axes Tax Strategy Reporting In Rule-Cutting Push

by usoftax_admin | May 8, 2025 | Tax News

Poland will end a requirement for corporations to disclose tax strategies and implement a waiting period between the adoption of certain tax laws and when they take force as part of a wider deregulation effort, the country’s tax administration said.

NFTC Warns US Against Tariffs On Semiconductors, Pharma

by usoftax_admin | May 8, 2025 | Tax News

The Trump administration should work to avoid using tariffs to address the perceived threat to national security caused by importing semiconductors and pharmaceuticals, the National Foreign Trade Council said, calling for extreme caution.

Ind. Allows Credit For Taxes Paid On Behalf Of Pass-Throughs

by usoftax_admin | May 8, 2025 | Tax News

Indiana authorized electing pass-through entities to claim a credit for taxes paid on their behalf under a bill signed by the governor.
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