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Swedish VAT pro rata rule found to be in violation of EU law

by usoftax_admin | Nov 16, 2023 | Tax News

The Swedish VAT Act faces change after the Supreme Administrative Court ruled it fails to fulfil the EU’s requirements of clarity, precision, and transparency, reports Ellie Kvistrum of KPMG Sweden

E-invoicing: Mexico’s pioneering path creates complex terrain for taxpayers

by usoftax_admin | Nov 16, 2023 | Tax News

Santiago Llano Zapatero and Diego Guerrero Segura of Ritch Mueller note Mexico’s ‘remarkable’ digital transformation in invoicing, but issues in cross-border M&A transactions and a Supreme Court of Justice ruling suggest a tricky landscape

Proposed crypto regs. define ‘broker’ too broadly, industry says

by usoftax_admin | Nov 15, 2023 | Tax News

The proposed regulations on digital asset reporting stretch the meaning of broker ‘beyond the breaking point,’ IRS and Treasury officials are told at public hearing.

Trump Seeks Mistrial In NY Fraud Case, Claiming Judicial Bias

by usoftax_admin | Nov 15, 2023 | Tax News

Former President Donald Trump asked the New York judge presiding over the attorney general’s civil fraud case against him to declare a mistrial, arguing that there was “tangible and overwhelming” evidence the judge and his clerk were biased against...

Repatriation Tax Violates 16th Amendment, Justices Told

by usoftax_admin | Nov 15, 2023 | Tax News

The U.S. Supreme Court should conclude that a one-time mandatory repatriation tax enacted under the 2017 Tax Cuts and Jobs Act is unconstitutional, a couple said Wednesday, urging the justices to reject the federal government’s claims that the 16th Amendment...

Senate Dems Pitch Taxing Carried Interest As Regular Income

by usoftax_admin | Nov 15, 2023 | Tax News

A bill introduced in the U.S. Senate on Wednesday would tax hedge fund managers’ and others’ income at ordinary income tax rates instead of capital gains rates.
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