by usoftax_admin | Oct 25, 2023 | Tax News
Only 11 states with a corporate income tax have not yet moved to market-based sourcing, which sources receipts to where a business’ customer is, but even basic concepts such as definition of the market remain a struggle, panelists said Wednesday. by usoftax_admin | Oct 25, 2023 | Tax News
Hong Kong’s government will introduce a bill to reduce the tax rate on qualifying profits from patents to 5% from 16.5% next year, its chief executive told lawmakers Wednesday, according to a transcript published by the country’s Inland Revenue... by usoftax_admin | Oct 25, 2023 | Tax News
Florida would expand its sales tax exemption to include sales and rentals of aircraft that weigh less than 12,500 pounds under a bill introduced Wednesday in the state Senate. by usoftax_admin | Oct 25, 2023 | Tax News
Eversheds Sutherland has hired a new senior counsel to its tax practice who will work out of the firm’s Washington, D.C., office. by usoftax_admin | Oct 25, 2023 | Tax News
A father-son duo who admitted running an $8 million scheme to avoid taxes while they owned the iconic Tony Luke’s cheesesteak restaurant in Philadelphia face possible prison sentences and $1.3 million in restitution payments after a Pennsylvania federal judge... by usoftax_admin | Oct 25, 2023 | Tax News
The U.S. government’s review of a multilateral treaty designed by the Organization for Economic Cooperation and Development to reallocate taxing rights casts further doubt on countries’ ability to finalize the document and sign it before the end of the...