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How Changes In State Gift Card Laws May Affect Cos. In 2025

by usoftax_admin | Jan 2, 2025 | Tax News

2024 state legislative movements around the escheatment of unused gift card balances and consumer fraud protections should prompt issuers to consider whether changes in company domicile or blanket cash-back policies are needed in the new year, say attorneys at Alston...

NJ Residents Freed Of $2.1M Tax Bill On Repatriated Income

by usoftax_admin | Jan 2, 2025 | Tax News

Two New Jersey residents don’t owe state tax on income repatriated under the 2017 federal tax overhaul, the state’s tax court ruled, saying New Jersey’s personal income tax laws don’t include deemed dividends as a category of taxable...

Winter testing of vehicles and permanent establishment qualification in Sweden

by usoftax_admin | Jan 2, 2025 | Tax News

Tobias Ljunggren and Jessica Silver of KPMG Sweden, who acted as counsels, analyse the implications of a court ruling clarifying that Audi’s winter testing in Sweden does not constitute a permanent establishment

Feds Ask High Court To Unpause Corporate Transparency Law

by usoftax_admin | Jan 2, 2025 | Tax News

The federal government is asking the Supreme Court to lift a Texas judge’s injunction against the Corporate Transparency Act, telling the justices in a new application that the 2021 anti-money-laundering law’s compliance deadlines should take effect while...

Mich. Justices Say Detroit Fire Fee Is Legal, Not A Tax

by usoftax_admin | Jan 2, 2025 | Tax News

The Michigan Supreme Court has ruled a Detroit fee for a fire service program was not an unlawful tax but clarified that a regulatory program’s main benefit cannot be the mere permission for a property owner to operate its business in the city.
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