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No COVID Property Tax Break For Hotels, Wash. Court Told

by usoftax_admin | Oct 28, 2024 | Tax News

Hotels in Washington state should not get property tax breaks for COVID-19 because the pandemic was not a natural disaster that allows relief, the assessor of the state’s most populous county told a state court.

Latin America, Caribbean Must Up Tobacco Taxes, OECD Says

by usoftax_admin | Oct 28, 2024 | Tax News

Latin American and Caribbean countries must increase their tobacco excise tax levels, among other changes, to reduce the overall affordability of tobacco products to drive people to quit using them, the Organization for Economic Cooperation and Development said...

La. Special Session To Address Gov.’s Tax Overhaul Proposals

by usoftax_admin | Oct 28, 2024 | Tax News

Louisiana’s governor called for the state Legislature to meet for a special session to overhaul the state’s tax code, asking legislators on Monday to consider a series of proposals that include ending the corporate franchise tax and adopting a flat...

UK Construction Co. Due £3.2M In R&D Credits, Refunds

by usoftax_admin | Oct 28, 2024 | Tax News

A construction contractor is entitled to tax credits and refunds totaling over £3.2 million ($4.2 million) after the U.K.’s First-tier Tribunal ruled that its expenditures for research and development were not subsidized or contracted out by another...

European Commission Backs Simplified Minimum Tax Filing

by usoftax_admin | Oct 28, 2024 | Tax News

Multinational corporations could file returns for the 15% global minimum tax with a single country in the European Union that they would share with the others only where necessary under a proposal approved Monday by the bloc’s executive branch, according to...
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