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EU Decision Keeps Tax Relief For UK Investment Schemes

by usoftax_admin | Aug 22, 2024 | Tax News

The European Commission will allow U.K. government-backed programs that encourage private investment in small companies to continue offering favorable tax terms for investors, according to a decision published Thursday.

Ryanair Threatens Service Cuts Over German Tax Increase

by usoftax_admin | Aug 22, 2024 | Tax News

Irish discount airline Ryanair said it will cut 10% of its German capacity next summer if the country doesn’t reverse a recent 24% increase in its aviation tax, calling on Germany to ultimately abolish the tax altogether.

Over 3M UK Pensioners To Be Dragged Into Higher Tax Rates

by usoftax_admin | Aug 22, 2024 | Tax News

Government data shows 3.1 million U.K. pensioners will be dragged into paying higher taxes in the next four years due to the freeze on income thresholds, financial firm Quilter PLC said Thursday.

Hunter Biden Can’t Link Trauma, Drug Abuse To Tax Charges

by usoftax_admin | Aug 21, 2024 | Tax News

Hunter Biden can’t tell jurors in his criminal tax trial that traumatic events like his brother’s death caused his addiction, which led to a diminished mental capacity and his failure to pay taxes, a California federal judge said Wednesday, noting the...

NJ Caught Nearly 1 Million Fake Property Tax Relief Bids

by usoftax_admin | Aug 21, 2024 | Tax News

New Jersey has increased its security measures for a property tax relief program after the state tax agency identified nearly one million fraudulent applications last year, a state Division of Taxation representative said Wednesday.
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