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Five minutes with…Robert Christoffel, Saul Ewing

by usoftax_admin | Mar 21, 2025 | Tax News

The US law firm’s tax counsel tells ITR about inspirations from a ‘legendary’ German tax scholar, perfecting riesling wine and what makes tax cool

Fed. Circ. Backs Actavis’ $12M Patent Suit Cost Deduction

by usoftax_admin | Mar 21, 2025 | Tax News

Drugmaker Actavis can take a $12 million tax deduction for money it spent fending off lawsuits while securing approval to sell generic birth control and other drugs, the Federal Circuit ruled Friday, affirming the U.S. Court of Federal Claims’ decision that the...

Foreign business reorganisations: unravelling the tax implications in India

by usoftax_admin | Mar 21, 2025 | Tax News

S Sriram and Dinesh Kukreja of Lakshmikumaran and Sridharan examine the tax consequences of foreign business reorganisations in India, including indirect transfer rules, statutory exemptions, and treaty benefits for multinational companies

This week in tax: EU tax chief ‘regrets’ Trump’s pillar two condemnation

by usoftax_admin | Mar 21, 2025 | Tax News

Wopke Hoekstra also swore the EU would ‘hit back harder’ if faced with a trade war; in other news, a UK watchdog has launched an investigation into an audit completed by MHA

NJ Lawmakers Advance Gains Tax Break For Small Biz Stock

by usoftax_admin | Mar 20, 2025 | Tax News

New Jersey would offer a capital gains tax deduction for sales of certain qualified small business stock under a bill advanced by a state Assembly committee Thursday that supporters say aims to align the state with the federal tax treatment of the transactions.

IRS SALT Cap Workaround Rule Unlawful, 2nd Circ. Told

by usoftax_admin | Mar 20, 2025 | Tax News

The Internal Revenue Service unlawfully created a rule prohibiting workarounds to the federal cap on state and local tax deductions, a New Jersey deputy attorney general told a Second Circuit panel Thursday, asking the appellate judges to overturn a lower court ruling...
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