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Ex-Ill. Speaker Madigan Guilty Of Bribery In Mixed Verdict

by usoftax_admin | Feb 12, 2025 | Tax News

A federal jury on Wednesday partially convicted the man who was once the most powerful politician in Illinois on federal corruption charges, finding former Illinois House Speaker Michael Madigan guilty of bribery conspiracy and wire fraud but deadlocking on the...

Indonesian tax update: transitional guidelines issued on new VAT rules

by usoftax_admin | Feb 12, 2025 | Tax News

Aditya Wicaksono and Yoan Putra Muda of GNV Consulting summarise a regulation aimed at smoothing the transition to the new VAT rate, and a revision of the rules concerning customs and excise audits

IRS Updates Depreciation Deductions For Certain Vehicles

by usoftax_admin | Feb 12, 2025 | Tax News

Certain vehicles placed in service in 2025 will be eligible for an additional depreciation deduction of up to $20,200 for the first tax year, the Internal Revenue Service said Wednesday.

Digital platforms and tax authorities: a great VAT partnership

by usoftax_admin | Feb 12, 2025 | Tax News

Fernando Matesanz of Spanish VAT Services explores the growing VAT responsibilities of digital platforms, driven by EU reforms such as ViDA, and warns of enhanced compliance burdens

Romania: Roche’s €12m VAT refund sets precedent for pharmaceutical clawbacks

by usoftax_admin | Feb 12, 2025 | Tax News

The decision’s implications for pharmaceutical firms seeking to recover overpaid taxes on clawback payments are considered by Emanuel Bancila and Andrei Boian of Bancila, Diaconu and Associates, which is part of the EY Law network
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