by usoftax_admin | Dec 6, 2023 | Tax News
House Republicans on Wednesday continued to call for an extension of the 2017 tax law’s expired and expiring business provisions, including the research and development tax break, saying during a Ways and Means subcommittee hearing that the provisions would... by usoftax_admin | Dec 6, 2023 | Tax News
The New York City mayor’s office kicked off its plan to clear red tape for affordable housing projects that began before the sunset of the 421-a tax abatement program, also announcing Wednesday the administration’s new executive director of... by usoftax_admin | Dec 6, 2023 | Tax News
Excise tax cuts made in 2022 to ease high energy prices caused by the war in Ukraine lowered that year’s tax revenues in most countries surveyed by the Organization for Economic Cooperation and Development, the organization said Wednesday. by usoftax_admin | Dec 6, 2023 | Tax News
A Louisiana state representative who has advocated for eliminating the state’s personal income tax was appointed Wednesday by the state’s incoming governor to serve as the next secretary of the Department of Revenue. by usoftax_admin | Dec 6, 2023 | Tax News
The threshold to participate in a safe harbor for a treaty to rewrite global tax rules on large companies should be lowered or scrapped because it risks upward transfer pricing adjustments and double taxation, a business lobby said in a letter shared Wednesday with... by usoftax_admin | Dec 6, 2023 | Tax News
The owners of a Brooklyn plumbing company pled not guilty Wednesday in New York federal court to charges they evaded taxes on more than $10 million by disguising personal expenses, including a family vacation to Disney World, as business costs.