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Don’t Touch TABOR, Top Colo. Republican Warns Colleagues

by usoftax_admin | Nov 17, 2023 | Tax News

A top Colorado Republican reminded colleagues Friday that voters overwhelmingly rejected a referendum that would have changed the state’s Taxpayer’s Bill of Rights, or TABOR, and urged them to refrain from changing it as they convene to lower property...

Md. To Waive Tax Penalties, Interest Amid Israel-Hamas War

by usoftax_admin | Nov 17, 2023 | Tax News

Maryland will waive tax penalties and interest and extend deadlines for people and businesses affected by the Israel-Hamas war, aligning with extensions and penalty abatement granted at the federal level, the state comptroller said Friday.

Arrests Made In €30.7M VAT Fraud Probe In Greece

by usoftax_admin | Nov 17, 2023 | Tax News

Authorities arrested two suspects in an investigation of a value-added tax fraud scheme that dodged €30.7 million ($33.5 million) in taxes by selling small electronics into Greece via shell companies, the European Public Prosecutor’s Office said Friday.

Stopgap Spending Bill Dims Hopes For Year-End Tax Package

by usoftax_admin | Nov 17, 2023 | Tax News

Hopes for an end-of-the-year federal government funding bill that could serve as the legislative vehicle for tax extenders and other long-awaited business and family tax code changes dimmed this week when Congress passed legislation punting budget negotiations into...

African Nations Try To Show Flexibility On UN Tax Treaty

by usoftax_admin | Nov 17, 2023 | Tax News

African governments watered down their proposal for a United Nations convention on global tax in order to show flexibility to wealthier countries that still blocked its adoption and will likely force a vote next week, according to diplomats involved in...

Hong Kong Proposes Tax Changes To Lure Aircraft Cos.

by usoftax_admin | Nov 17, 2023 | Tax News

Hong Kong is looking to increase its competitiveness in the global aircraft leasing industry with several proposed tax amendments, including deductions for the cost of purchasing aircraft and overall broadening the activities covered by the tax regime, according to...
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