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Ariz. Delays Certification Of 3rd-Party Sales Tax Sourcing

by usoftax_admin | Jun 20, 2024 | Tax News

Arizona delayed by two years the implementation of a recently enacted requirement that the state Department of Revenue create a certification process for third-party providers of sales tax sourcing services under a bill signed by Democratic Gov. Katie Hobbs.

Mich. Insurer Owes Tax On Mailed Ads, Appeals Court Says

by usoftax_admin | Jun 20, 2024 | Tax News

A Michigan life insurance company owes use tax on advertisements mailed by an out-of-state contractor, the Michigan Court of Appeals ruled Thursday, upholding a lower court’s decision.

What DOL Fiduciary Rule Means For Private Fund Managers

by usoftax_admin | Jun 20, 2024 | Tax News

Attorneys at Ropes & Gray discuss how the U.S. Department of Labor’s recently released final fiduciary rule, which revises the agency’s 1975 regulation, could potentially cause private fund managers’ current marketing practices and communications...

China Denies Tax Crackdown As 2 Cos. Report $80M In Bills

by usoftax_admin | Jun 20, 2024 | Tax News

China’s tax authority denied a nationwide crackdown on companies’ old tax returns Thursday, less than a week after a chemical firm facing 500 million yuan ($69 million) in additional liabilities halted production and a beverage maker reported owing 85...

UK Tax Pros Largely Support 2027 Carbon Border Tax Plan

by usoftax_admin | Jun 20, 2024 | Tax News

Two groups representing tax professionals welcomed the U.K. government’s plan to introduce a carbon border tax on certain carbon-intensive imports by 2027, but specifics regarding both default embedded emissions values and carveouts for smaller businesses must...
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