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Vanguard Investors Object To $40M Settlement Proposal

by usoftax_admin | Feb 18, 2025 | Tax News

A handful of the investors claiming Vanguard breached its fiduciary duty when it triggered an asset sell-off that stuck them with big tax bills objected to a proposed $40 million settlement, with some saying attorneys in the underlying class action could get too much...

New Asian firm network has expansion ambitions: Taxise Asia head

by usoftax_admin | Feb 18, 2025 | Tax News

The Singapore boutique tax law firm’s chief told ITR of the ex-Baker McKenzie lawyers playing a role in the initiative as well as its desire to expand geographically

Corp. Transparency Act’s Future Under Treasury’s Bessent

by usoftax_admin | Feb 18, 2025 | Tax News

The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent’s statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt...

NJ Tax Collection Through Jan. Up $672M From Last Year

by usoftax_admin | Feb 18, 2025 | Tax News

New Jersey’s total major revenue collection from July through January beat last year for the same time frame by $672 million, according to a report by the state Department of the Treasury.

NY Tax Collections Through Jan. Up $6.6B, Dept. Says

by usoftax_admin | Feb 18, 2025 | Tax News

New York’s tax collection from April through January outpaced last year during the same period by roughly $6.6 billion, according to the state Department of Taxation and Finance.

Wis. Assembly Bill Proposes No Tax On Tips

by usoftax_admin | Feb 18, 2025 | Tax News

Wisconsin wouldn’t tax tips earned by employees under a bill introduced in the state Assembly.
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