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Ariz. Lawmakers OK Updated Conformity With Fed. Tax Law

by usoftax_admin | Feb 26, 2025 | Tax News

Arizona would update its conformity with the Internal Revenue Code for state income tax purposes under a bill unanimously approved by state lawmakers and headed to Democratic Gov. Katie Hobbs.

Attorneys Must Act Now To Protect Judicial Independence

by usoftax_admin | Feb 26, 2025 | Tax News

Given the Trump administration’s recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s...

Coke’s $2.7B Tax Bill Due To ‘Bait And Switch,’ 11th Circ. Told

by usoftax_admin | Feb 26, 2025 | Tax News

Coca-Cola urged the Eleventh Circuit to reverse a U.S. Tax Court decision putting the beverage giant on the hook for $2.7 billion in taxes, arguing the ruling excused the IRS’ “blatant bait and switch” regarding how it allocates income from foreign...

Tax Overhaul Designer Named Top Tax Adviser To Treasury

by usoftax_admin | Feb 26, 2025 | Tax News

An attorney who worked for Exxon Mobil and helped design the 2017 tax overhaul in President Donald Trump’s first term has been appointed to serve as a top tax adviser to Treasury Secretary Scott Bessent, Treasury announced Wednesday.

Acting IRS commissioner steps down

by usoftax_admin | Feb 26, 2025 | Tax News

The agency’s COO will take over for Douglas O’Donnell, who has worked for the IRS since 1986.

IMF among Bucharest delegation as businesses eye (apparently) positive resolutions

by usoftax_admin | Feb 26, 2025 | Tax News

Miruna Enache and Amelia Toader of EY Romania report that several tax measures are key to the country’s recovery plans discussed with international financial institutions in the wake of a downgraded credit rating outlook
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