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Jury Clears Biz Owner’s Wife Of $2M Payroll Tax Debt

by usoftax_admin | May 12, 2025 | Tax News

The wife of a man found liable for construction company employment taxes is off the hook for $2 million in liabilities, a New York federal jury found, saying she was not responsible for collecting the taxes and paying them over to the federal government.

Exxon Wants Chemicals Added To Taxable Substances List

by usoftax_admin | May 12, 2025 | Tax News

The Internal Revenue Service is seeking comments on proposals to add nine chemicals to its list of taxable substances, eight of which were put forward by Exxon Mobil, the agency said Monday.

Finnish government accused of unsubstantiated corporate tax claim

by usoftax_admin | May 12, 2025 | Tax News

A German economics professor was reportedly ‘irritated’ by how the Finnish ministry of finance used his data

Treasury Aims To Tax IP’s Role In Cloud Services, Official Says

by usoftax_admin | May 11, 2025 | Tax News

The Department of the Treasury and the Internal Revenue Service are aiming to capture the role of intangible property in cloud computing services within tax regulations to account for the growing importance of automation in the field, a Treasury attorney said.

Ex-Meinl Bank CEO Extradited To US On $170M Odebrecht Rap

by usoftax_admin | May 11, 2025 | Tax News

The former CEO of Austrian lender Meinl Bank AG was extradited from the U.K. and pled not guilty Friday to money laundering charges, stemming from allegations that he helped Odebrecht SA hide $170 million in funds used to bribe officials around the world and defraud...

India sets APA resolution targets in 2025/26 action plan

by usoftax_admin | May 10, 2025 | Tax News

The plan aims to improve the efficiency, transparency, and effectiveness of direct tax administration in India
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