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Wyden Calls On 2025 Tax Bill To Include Partnership Reform

by usoftax_admin | Sep 25, 2024 | Tax News

Lawmakers should consider next year how to revise partnership tax laws to better collect on large businesses’ income without harming smaller entities as Congress debates over how to address expiring tax provisions, Senate Finance Committee Chairman Ron Wyden...

House Bill Proposes Housing Incentive For Disabled Veterans

by usoftax_admin | Sep 25, 2024 | Tax News

A bill introduced in the U.S. House of Representatives would exclude veteran disability benefits from the income calculation for the low-income housing tax credit.

Chicago School Contractor Loses Energy Efficiency Tax Break

by usoftax_admin | Sep 25, 2024 | Tax News

The owner of a Chicago-based electrical contracting company isn’t entitled to an over $459,000 tax refund for upgrading Chicago Public Schools buildings with energy-efficient lighting because his company didn’t design the systems, only installed them, an...

Brand value: drawing the link between value creation and economic benefit

by usoftax_admin | Sep 25, 2024 | Tax News

The complex distinction between legal ownership and economic ownership of intangible assets means multinationals must take proactive measures to avoid transfer pricing controversy, say Christine Ramsay, Jordi Morera, and Marguerite Mei of Deloitte

Intangibles transfer pricing, transaction delineation, and corporate dynamism

by usoftax_admin | Sep 25, 2024 | Tax News

With the pricing of intangibles laced with difficulty, Ishan Maini, Eric Linge, and Richard Schmidtke of Deloitte draw on two cases in Germany and Israel revolving around differing interpretations concerning the delineation of transactions
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