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European Parliament Backs Brazil’s G20 Wealth Tax Plan

by usoftax_admin | Oct 9, 2024 | Tax News

A majority of the European Parliament supports a 2% minimum tax on billionaires presented by Brazil at the Group of 20 nations meeting, asking the European Union to pursue the topic at the group’s November summit, according to joint statements by members of...

Tenn. Extends Tax Deadlines Due To Hurricane Helene

by usoftax_admin | Oct 9, 2024 | Tax News

Tennessee will extend its franchise and excise tax filing deadlines to May 1 for taxpayers affected by Hurricane Helene, the state Department of Reveue announced.

Calif. OTA Affirms Lab’s Microchip Editing Services Taxable

by usoftax_admin | Oct 9, 2024 | Tax News

A California-based laboratory owes $310,000 in sales tax on services it offers to engineering and technology companies for the editing of microchips, the state Office of Tax Appeals affirmed.

Unclear Road For $275M Biz Tax Plan, DC Panel Chair Says

by usoftax_admin | Oct 9, 2024 | Tax News

The District of Columbia Tax Revision Commission may scrap a proposal for a business activity tax that could raise $275 million annually to reduce other business taxes, the panel chair said Wednesday.

Mo. Clinics Fail To Meet Charity Requirement For Exemption

by usoftax_admin | Oct 9, 2024 | Tax News

Health clinics in four Missouri counties are not eligible for charitable exemptions from property tax despite being part of a nonprofit organization, the state’s tax commission ruled.
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