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Calif. Regs Clarify ‘Gross Receipts’ For Cannabis Excise Tax

by usoftax_admin | Nov 22, 2023 | Tax News

California clarified the meaning of “gross receipts” from retail sales of cannabis to implement the state’s excise tax on cannabis products under emergency regulations adopted by the state Department of Tax and Fee Administration.

Canada To End Tax Deductions To Rein In Short-Term Rentals

by usoftax_admin | Nov 22, 2023 | Tax News

Canada intends to eliminate the ability of operators of some short-term rentals popularized by services such as Airbnb and Vrbo to claim some tax deductions, in an attempt to free up more housing stock, the country’s finance minister said in her fall economic...

Minn. Justices OK Tax On Goodwill Income From Stock Sale

by usoftax_admin | Nov 22, 2023 | Tax News

Minnesota’s revenue commissioner was right to treat income derived from the goodwill generated by the sale of company stock as apportionable business income, the state Supreme Court ruled Wednesday, despite conduct by the commissioner that the justices found...

US Scrambling To Save R&D Credit Under Global Min. Tax

by usoftax_admin | Nov 22, 2023 | Tax News

U.S. Treasury Department officials seem to be scrambling to salvage taxpayer-favorable treatment for the U.S. research and development tax credit under the global minimum tax system known as Pillar Two, but it’s unclear whether that effort will succeed.

The Case For Post-Bar Clerk Training Programs At Law Firms

by usoftax_admin | Nov 22, 2023 | Tax News

In today’s competitive legal hiring market, an intentionally designed training program for law school graduates awaiting bar admission can be an effective way of creating a pipeline of qualified candidates, says Brent Daub at Gilson Daub.

Trump’s Posts Linked To Threats Against NY Judge, Clerk

by usoftax_admin | Nov 22, 2023 | Tax News

Social media posts by Donald Trump have led to an ongoing deluge of death threats and antisemitic slurs against a law clerk and the New York judge overseeing the ex-president’s civil fraud trial, a court security official said Wednesday.
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