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Wyoming Creates Partial Property Tax Break For Homeowners

by usoftax_admin | Mar 6, 2025 | Tax News

Wyoming established a tax exemption for a portion of homeowners’ properties under a bill signed by the governor.

Mining Co. Seeks Arbitration Of $7B Dispute With Venezuela

by usoftax_admin | Mar 6, 2025 | Tax News

The subsidiary of a Bermuda-based mining company asked an international arbitration institution to settle a dispute in excess of $7 billion against the Venezuelan government, saying its actions damaged the company’s investments in a mining project.

Minn. Panel OKs Sales Tax Break For Broadband Gear

by usoftax_admin | Mar 6, 2025 | Tax News

Minnesota would modify its sales tax exemption for pay television and telecommunications machinery and equipment so that internet equipment would also be eligible for the break under legislation advanced by a House of Representatives panel.

Feds Want Foreclosure On NJ Property In $16.2M Tax Fight

by usoftax_admin | Mar 6, 2025 | Tax News

A New Jersey property owned by a man who owes $16.2 million in taxes should be foreclosed on and sold to pay his debt, the U.S. government said Thursday, arguing that a property easement no longer restricts it from a sale.

Trump Gives Mexico A Break Until April From New Tariffs

by usoftax_admin | Mar 6, 2025 | Tax News

President Donald Trump announced Thursday an almost monthlong exemption for most Mexican imports to tariffs he had placed on the country over drug trafficking concerns, as Mexico President Claudia Sheinbaum pointed to data showing border seizures of fentanyl dropped...

Treasury Pick Pledges To Protect Privacy Of Taxpayer Data

by usoftax_admin | Mar 6, 2025 | Tax News

A former assistant secretary of the U.S. Department of the Treasury said Thursday that he would safeguard the privacy of taxpayers’ data if the Senate approves his return to Treasury as its deputy secretary.
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