by usoftax_admin | Mar 26, 2025 | Tax News
Duke Energy can have about $20 million in tax credits that were disallowed by South Carolina’s tax agency because the law governing the credits grants a $5 million annual limit, not a $5 million lifetime limit, an appeals court ruled Wednesday, overturning an... by usoftax_admin | Mar 26, 2025 | Tax News
Arizona would review its flat individual income tax rate yearly and lower it to cut projected state surpluses in half under plans in a pair of bills approved by a state House panel Wednesday. by usoftax_admin | Mar 26, 2025 | Tax News
A Floridian who made millions of dollars on medical devices and pled guilty to evading $2.4 million in taxes should be sentenced to between 24 and 30 months in prison for tax evasion based on the severity of his offense, the U.S. told a federal court Wednesday. by usoftax_admin | Mar 26, 2025 | Tax News
The European Union’s simplified import customs procedures do not do enough to identify and prevent value-added tax fraud because of loopholes and inconsistencies, an EU watchdog said, also pointing out that various bloc members’ oversight of such... by usoftax_admin | Mar 26, 2025 | Tax News
Nebraska would create a withholding tax credit for defense industry contractors in a bid to attract new companies and their workers under a proposed bill amendment floated during the unicameral Legislature’s Revenue Committee public hearing Wednesday. by usoftax_admin | Mar 26, 2025 | Tax News
The Senate approved President Donald Trump’s nomination of Michael Faulkender to the post of deputy secretary of the U.S. Treasury Department on Wednesday, sending the economist back to the agency for a second tenure. 