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IRS Reveals Final Regs For Medicare Drug Negotiation Tax

by usoftax_admin | Jul 3, 2024 | Tax News

The Internal Revenue Service finalized regulations Wednesday that govern the quarterly reporting of a new excise tax that pharmaceutical companies, suppliers and importers must pay when they do not negotiate with Medicare over drug prices.

‘Difficult road ahead’ for pillar one: EY tax policy leader

by usoftax_admin | Jul 3, 2024 | Tax News

Pillar one presents a bigger challenge technically and politically than pillar two, Barbara Angus argues

Proposed regs. address interest recapture on excess COVID-19 credits

by usoftax_admin | Jul 3, 2024 | Tax News

The proposed regulations apply to overpayments of interest on erroneous refunds of COVID-19 credits paid on or after July 2.

Federal Tax Policy To Watch In The 2nd Half Of 2024

by usoftax_admin | Jul 3, 2024 | Tax News

Congressional lawmakers are grappling with the looming 2025 expiration of the 2017 GOP tax overhaul, a situation made more difficult by the coming elections in November that could define what, if any, tax legislation is eventually signed into law this year. Here,...

Expanding across the pond: US sales and use tax guide

by usoftax_admin | Jul 3, 2024 | Tax News

With 45 states imposing a sales tax, Michael Bernard of Vertex explains the key points to note for European businesses aiming to broaden their market and capitalise on the e-commerce boom in the US
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