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Philly Commission Says City Must End Business Tax

by usoftax_admin | Feb 27, 2025 | Tax News

Philadelphia, after losing more than 50,000 residents between 2020 and 2023, should eliminate its business income and receipts tax and reduce its wage tax, the city Tax Reform Commission said in a report.

9th Circ. Won’t Revisit Tomato Paste Cos.’ Deduction Claims

by usoftax_admin | Feb 27, 2025 | Tax News

The Ninth Circuit won’t reconsider its ruling rejecting tax deductions claimed by a pair of tomato paste producers for facility upgrades, a split panel decided Thursday.

Ind. Retailer Shows Additional Assessment Was Overstated

by usoftax_admin | Feb 27, 2025 | Tax News

An Indiana retailer showed it was assessed sales tax on tax-exempt coins and out-of-state online transactions, the Department of State Revenue said after considering additional information presented by the seller.

EU Prepared To Retaliate Against US Over Tariffs, Officials Say

by usoftax_admin | Feb 27, 2025 | Tax News

European Union officials said Thursday that the bloc is prepared to retaliate against the U.S. if President Donald Trump follows through with tariffs on over $600 billion of goods, a situation that two law professors said risks becoming a trade war more than past...

Estate’s $3M To Stepkids Deducted As Biz Deal, 11th Circ. Told

by usoftax_admin | Feb 27, 2025 | Tax News

The estate of a deceased corporate attorney told the Eleventh Circuit on Thursday that the U.S. government wrongly taxed $3 million claimed by his stepchildren, arguing that the amount was properly deducted as a contracted business transaction under the Internal...

Goldstein Urges Judge To Lift Device Monitoring Requirement

by usoftax_admin | Feb 27, 2025 | Tax News

U.S. Supreme Court advocate and SCOTUSblog publisher Tom Goldstein asked a Maryland federal judge Thursday to nix a condition of his pretrial release that requires him to have monitoring equipment installed on his electronic devices.
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