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Australia ‘carefully watching US developments’ on pillar two: minister

by usoftax_admin | Mar 12, 2025 | Tax News

The Labor government has done more than any previous administration to crack down on multinational tax avoidance, Andrew Leigh also tells ITR

5th Circ. Hopes For ‘Sanity’ In Backing Legal Malpractice Arb.

by usoftax_admin | Mar 11, 2025 | Tax News

Untangling a “ridiculous” arbitration proceeding that produced four contradictory awards in a legal malpractice dispute, the Fifth Circuit on Tuesday affirmed three awards and most of another, adding that the parties are “free to arbitrate another...

Canada’s Incoming PM Pledges To Kill Capital Gains Tax Hike

by usoftax_admin | Mar 11, 2025 | Tax News

Canada’s newly elected Prime Minister-designate Mark Carney said during his election victory speech that he would spike a controversial proposed increase to the country’s capital gains tax, according to local media.

Trump, Ontario Back Down After Two-Day Trade Flare-Up

by usoftax_admin | Mar 11, 2025 | Tax News

President Donald Trump called off additional tariffs on Canadian steel and aluminum Tuesday after the Ontario government dropped a briefly imposed surcharge on electricity exports, the White House told Law360 on Tuesday evening. 

NY Lawmakers Pitch Tax Hikes, Retaining Entity Tax Deadline

by usoftax_admin | Mar 11, 2025 | Tax News

New York would raise the state’s top personal and corporate income tax rates in budget plans that state lawmakers released that varied from certain elements of Gov. Kathy Hochul’s budget proposal, including by eschewing Hochul’s suggestion to push...

Retailer Fights US On Overriding Jury In $11.6M FBAR Case

by usoftax_admin | Mar 11, 2025 | Tax News

A federal jury in Hawaii was justified in finding that an international businessman hadn’t willfully failed to report his foreign bank accounts in an $11.6 million dispute, and the U.S. government is not entitled to an overruled verdict or new trial, he told the...
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