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Ind. Tax Board Cuts Target Store’s Assessment By $500K

by usoftax_admin | Oct 28, 2024 | Tax News

An Indiana Target’s property tax assessment should be lowered by roughly $500,000 for three tax years, the state Board of Tax Review said, finding the retailer’s income capitalization approach to the valuation persuasive.

Labour Budget Expected To Target Taxes At Biz, Investors

by usoftax_admin | Oct 28, 2024 | Tax News

The U.K. government is set to unveil its budget statement Wednesday after months of hinting at higher taxes, and experts say businesses and investors are bracing to bear the brunt of the possible tax changes, such as through increases to capital gains and payroll...

European Commission seeks to simplify pillar two filing

by usoftax_admin | Oct 28, 2024 | Tax News

Under the proposed directive, multinationals with numerous EU presences would have to make only one filing to comply with pillar two

5th Circ. Affirms Texas Health Coordinator Is Not Tax-Exempt

by usoftax_admin | Oct 28, 2024 | Tax News

A Texas nonprofit corporation that coordinates healthcare mostly for privately insured patients does not qualify for tax-exempt status because its business fails to help the larger community, the Fifth Circuit ruled Monday in affirming a U.S. Tax Court...

Chile Provides Guidance For Voluntary Disclosure Program

by usoftax_admin | Oct 28, 2024 | Tax News

Chile’s tax agency provided guidance Monday for taxpayers interested in voluntarily disclosing their previously undeclared foreign assets in order to take advantage of a temporarily available tax rate.
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