by usoftax_admin | Dec 1, 2023 | Tax News
The metal multinational’s victory, in a case worth $12 million, continues the trend of companies coming out on top against India’s revenue department by usoftax_admin | Dec 1, 2023 | Tax News
Guy Bud and Matthew Greene from litigation firm Stewarts review a dispute on tiered partnerships, which raises questions on corporation tax and partnership law by usoftax_admin | Nov 30, 2023 | Tax News
Three senators pressed KPMG’s CEO on allegations the company helped Microsoft skirt nearly $29 billion in taxes by illegally allocating profits to a Puerto Rico subsidiary and demanded additional information on KPMG’s role in the arrangement. by usoftax_admin | Nov 30, 2023 | Tax News
High-income and high-net-worth taxpayers would be required to pay a mark-to-market tax on the unrealized gains of their tradeable assets on an annual basis under a bill introduced Thursday by Senate Finance Committee Chairman Ron Wyden and co-sponsored by 15... by usoftax_admin | Nov 30, 2023 | Tax News
The New Jersey Economic Development Authority erred when it rescinded a $26 million tax break from nuclear energy giant Holtec International and said the company had misrepresented itself on a program application, a state appeals court affirmed Thursday. by usoftax_admin | Nov 30, 2023 | Tax News
Certain Virginia residents may not subtract any portion of their retirement distributions or capital gains for state income tax purposes, the tax commissioner said, finding no evidence that the residents qualified for a subtraction.