by usoftax_admin | Oct 17, 2023 | Tax News
Even if Washington state’s tax on capital gains is truly an excise tax, as the state Supreme Court has ruled, the tax gives the state uncharted powers and threatens principles of federalism, an array of business and anti-tax groups told the U.S. Supreme... by usoftax_admin | Oct 17, 2023 | Tax News
Canada’s digital services tax could raise CA$7.2 billion ($5.3 billion) over five years beginning in January, although the estimates come with a high degree of uncertainty, the Parliamentary Budget Office said Tuesday. by usoftax_admin | Oct 17, 2023 | Tax News
The European Commission’s 2024 agenda includes only a few new tax policies but will use them as part of an overall plan to boost competitiveness and reduce tax compliance costs by 65%, the commission announced Tuesday. by usoftax_admin | Oct 17, 2023 | Tax News
The U.S. Treasury Department is aiming to propose rules for the corporate alternative minimum tax by the end of the year, including guidance that addresses the statute’s possibility of counting offshore income twice, department officials said Tuesday. by usoftax_admin | Oct 17, 2023 | Tax News
The U.S. Treasury Department is considering whether to extend the comment period for the first-ever proposed regulations for digital asset sales following mounting requests for more time from industry groups and other stakeholders, an official said Tuesday. by usoftax_admin | Oct 17, 2023 | Tax News
A biotechnology company that claimed tax credits for increasing its scientific research improperly excluded $26.6 million in clinical testing expenses from its baseline calculation, juicing its claim by $1.2 million, the Internal Revenue Service told the Fourth...