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How The 2025 Tax Policy Debate Will Affect The Energy Sector

by usoftax_admin | Oct 9, 2024 | Tax News

Regardless of the outcome of the upcoming U.S. election, 2025 will bring a major tax policy debate that could affect the energy sector more than any other part of the economy — so stakeholders who could be affected should be engaging now to make sure they understand...

Swiss Council Rejects Funding Pensions With Transaction Tax

by usoftax_admin | Oct 9, 2024 | Tax News

Switzerland should not use the revenue generated by its two taxes on financial market transactions to fund the country’s pension fund, nor should it create new ones for that purpose, the Swiss Federal Council said Wednesday.

OECD Should Clarify Pillar 2 Safe Harbor Timing, CPAs Say

by usoftax_admin | Oct 9, 2024 | Tax News

The OECD should clarify when exactly multinational corporations need to determine whether they qualify for a transitional safe harbor under an international minimum tax agreement, the American Institute of Certified Public Accountants recommended in a letter.

Calif. OTA Upholds RV Seller’s Penalty For Unreported Sales

by usoftax_admin | Oct 9, 2024 | Tax News

A California recreational vehicle dealer was correctly penalized for not reporting $4.2 million worth of sales, the state Office of Tax Appeals said, finding unpersuasive the business’ claim that it was difficult to find competent people to handle its tax...

3M Tax Ruling Must Fall Post-Chevron, Chamber Tells 8th Circ.

by usoftax_admin | Oct 9, 2024 | Tax News

The U.S. Supreme Court’s ending of the Chevron doctrine calls for overturning a U.S. Tax Court ruling that let the IRS allocate $24 million of income to multinational conglomerate 3M from a Brazilian affiliate, the U.S. Chamber of Commerce told the Eighth...
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