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Indonesia: New TP implementation rules and a revised WHT framework

by usoftax_admin | Feb 13, 2024 | Tax News

Fabian Abi Cakra and Danang Syailendra of GNV Consulting explain how several Indonesian transfer pricing regulations have been combined into new legislation, and summarise changes to employee income tax under a withholding tax regulation

Aramark Tells Ohio Justices It Qualifies For Agent Tax Break

by usoftax_admin | Feb 12, 2024 | Tax News

Aramark Corp. qualifies for an agency exclusion for reimbursements it received from clients on purchases made on their behalf, the hospitality services giant argued Monday in asking the Ohio Supreme Court to reverse a board’s denial of its gross receipts tax...

Wis. Tax Board Disallows Co.’s Use Of Carryforward Losses

by usoftax_admin | Feb 12, 2024 | Tax News

A medical equipment company operating in Wisconsin can’t use net business losses from members of its combined reporting group that were accumulated before those entities were acquired, the Wisconsin Tax Appeals Commission ruled in an order released Monday.

Colo. House Panel Rejects Income Tax Cut

by usoftax_admin | Feb 12, 2024 | Tax News

A measure to cut Colorado’s flat individual and corporate income tax rate failed to win approval from a House panel Monday, stopping its progress in the General Assembly.

Ga. Net Tax Revenue Up 1.7% From Last Fiscal Year, Gov. Says

by usoftax_admin | Feb 12, 2024 | Tax News

Georgia’s net tax revenue for July through January totaled $19.12 billion, up 1.7% compared with the same period last fiscal year, Gov. Brian Kemp’s office said Monday.

Mich. Tax Cut Should Be Permanent, State Appellate Court Told

by usoftax_admin | Feb 12, 2024 | Tax News

A Michigan law enacted in 2015 that lowers the income tax rate when revenue collections exceed a certain threshold provides a permanent reduction, a group of taxpayers told the state appeals court.
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