by usoftax_admin | Nov 19, 2024 | Tax News
Leaders of the world’s largest economies intend to cooperate on taxing “ultra-high-net-worth individuals” through soft law approaches such as exchanging best practices and creating model policies that address tax avoidance, according to a Group of 20... by usoftax_admin | Nov 19, 2024 | Tax News
A Georgia man claiming payments he must make to his ex-wife as part of a marital settlement are alimony and therefore tax-deductible reaffirmed his argument to the Eleventh Circuit, saying the court can clearly answer two questions in his favor. by usoftax_admin | Nov 19, 2024 | Tax News
The Oregon Tax Court was wrong in its analysis of Microsoft Corp.’s taxable income in the state when it rejected the company’s proposals for alternative treatment of its repatriated foreign earnings, the company said. by usoftax_admin | Nov 19, 2024 | Tax News
The economic substance doctrine is broad and can invalidate telecommunications company Liberty Global’s transaction that led to a $2.4 billion deduction because steps taken to maximize the tax break lacked business purpose, a government attorney told the Tenth... by usoftax_admin | Nov 19, 2024 | Tax News
New York’s total tax collection from April through October grew $14.13 billion compared with the same period last fiscal year, according to the state Department of Taxation and Finance.