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More Specific Min. Tax Guidance Coming, OECD Official Says

by usoftax_admin | Oct 31, 2023 | Tax News

The Organization for Economic Cooperation and Development should issue new administrative guidance addressing a series of more narrow issues related to the global minimum corporate tax known as Pillar Two before the end of the year, an OECD official said...

Justices Urged To Uphold Tax On $3.5M Life Insurance Payout

by usoftax_admin | Oct 31, 2023 | Tax News

The estate of a man whose $3.5 million life insurance policy directed his brother to purchase his shares in their closely held company was correctly required to pay federal estate tax on the payout, the federal government told the U.S. Supreme Court.

PwC chooses advisory leader Mohamed Kande as next global chair

by usoftax_admin | Oct 31, 2023 | Tax News

His selection comes after US head Tim Ryan’s exit from the firm despite being a top contender for the role

Barclay Damon Adds Tax Pros In Syracuse, Houston

by usoftax_admin | Oct 31, 2023 | Tax News

Barclay Damon LLP announced Monday that the firm had hired two longtime property tax professionals in New York and Texas.

COVERAGE RECAP: Day 20 Of Trump’s NY Civil Fraud Trial

by usoftax_admin | Oct 31, 2023 | Tax News

Law360 is providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general’s civil fraud case. Here’s a recap from day 20.

NY Pot Market’s Future Not ‘Optimistic,’ Lawmakers Hear

by usoftax_admin | Oct 30, 2023 | Tax News

The implementation of legalized recreational cannabis in New York has been stymied by litigation, onerous and unclear regulations, a complex tax scheme, and a lack of enforcement against unlicensed operators, state senators heard at a marathon hearing Monday.
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