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Sweden requests preliminary CJEU ruling on re-valuation for VAT purposes

by usoftax_admin | Jan 16, 2024 | Tax News

Marie Hedin and Jennifer van der Gronden of KPMG Sweden hope for clarification from the CJEU after a referral by the Supreme Administrative Court regarding whether the tax agency’s approach aligns with the VAT Directive

Iowa Bills Would Shift Burden Of Proof In Taxpayer Disputes

by usoftax_admin | Jan 16, 2024 | Tax News

Iowa would shift the burden of proof in tax-related disputes between taxpayers and the state Department of Revenue and would change which litigation costs may be recovered in such disputes under bills introduced in the state House of Representatives and Senate.

Three years in: impact of Dutch conditional interest withholding tax on financing

by usoftax_admin | Jan 16, 2024 | Tax News

Jian Cheng Ku and Roland Kleimann of DLA Piper Netherlands analyse how financing structures involving Dutch borrowers have changed since the introduction of a ‘blacklist’ of low-tax jurisdictions

W.Va. Bill Seeks To Cap Property Tax Values At 2019 Levels

by usoftax_admin | Jan 16, 2024 | Tax News

West Virginia would cap the appraisal and market value of property at 2019 levels under a bill introduced in the state House of Delegates.

W.Va. Bill Would Exempt Diapers, Feminine Hygiene Products

by usoftax_admin | Jan 16, 2024 | Tax News

Diapers, other infant products and feminine hygiene products would be exempt from West Virginia sales and use tax under a bill introduced Tuesday in the state House of Delegates.

Couple Can’t Take Full Real Estate Losses, Tax Court Says

by usoftax_admin | Jan 16, 2024 | Tax News

A California couple cannot deduct a portion of their real estate losses for 2018 and 2019 and must instead carry them forward because they could not establish that they were real estate professionals for the years in question, the U.S. Tax Court ruled Tuesday.
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