by usoftax_admin | Feb 13, 2024 | Tax News
The U.S. should try to undermine the OECD’s global tax deal by pursuing reforms to corporate tax policy that would maximize the country’s attractiveness to international investors and by cutting funding to the organization, the libertarian Cato Institute... by usoftax_admin | Feb 13, 2024 | Tax News
The Internal Revenue Service should gradually phase in proposed regulations that would let taxpayers recognize foreign currency gains or losses from a business on an annual basis, the National Foreign Trade Council told the agency. by usoftax_admin | Feb 13, 2024 | Tax News
Settlement payments to a patent licensing entity after it sued 11 companies for patent infringement should be reported to the Internal Revenue Service as gross income, the U.S. Tax Court ruled Tuesday, upholding a $13 million tax deficiency against the company. by usoftax_admin | Feb 13, 2024 | Tax News
Former National Rifle Association CEO Wayne LaPierre told jurors in New York state court in the final week of trial Tuesday that he went on television and rubbed elbows with celebrities not out of a desire for the spotlight but to anchor the gun group in... by usoftax_admin | Feb 13, 2024 | Tax News
New York municipalities would have authority to reduce assessments of residential properties that are rendered uninhabitable by severe storms under a bill the state Senate approved Tuesday. by usoftax_admin | Feb 13, 2024 | Tax News
Some lawmakers foresee an increase in lobbying activity this year as Congress considers renewing parts of the GOP’s 2017 tax law that are approaching expiration, while efforts to address the influence of dark money in politics remain on hold.