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Lithuania Seeks CJEU Ruling On Gaming Co.’s $1.1M Tax Bill

by usoftax_admin | May 28, 2024 | Tax News

Lithuanian tax authorities have asked the Court of Justice of the European Union whether the past economic justification for a video game company’s structure allows it to avoid €1 million ($1.1 million) in tax payments, according to court documents.

Mich. Doctor Denied Release From Contempt In FBAR Fight

by usoftax_admin | May 28, 2024 | Tax News

A Michigan doctor will stay jailed for civil contempt after a federal judge found Tuesday that he failed to back up claims that he cannot pay his more than $1 million in foreign bank account reporting penalties due to a bank’s bankruptcy and his criminal...

Biz Groups Back BofA In Merger Interest Tax Fight At 4th Circ.

by usoftax_admin | May 28, 2024 | Tax News

Business groups told the Fourth Circuit on Tuesday that they supported Bank of America in its fight against a North Carolina federal court ruling that found the bank wasn’t entitled to net the interest on the tax liabilities of Merrill Lynch after the two...

Minn. To Raise Coming Payroll Tax For Family Leave Program

by usoftax_admin | May 28, 2024 | Tax News

Minnesota will raise the payroll premium for its upcoming family and medical leave program under legislation signed by the governor over the objections of Republican lawmakers who said the package was rushed through during the Legislature’s final hours.

Ex-NRA CFO Settles NY AG Suit Before Phase-Two Trial

by usoftax_admin | May 28, 2024 | Tax News

The National Rifle Association’s former chief financial officer has reached a settlement with the New York attorney general’s office ahead of the second phase of a trial over claims the group and its executives misused donor money, among other alleged...
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