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Indian Budget Would Simplify Transfer Pricing, Cut $11.5B

by usoftax_admin | Feb 3, 2025 | Tax News

The Indian government floated a process to streamline the pricing of intercompany cross-border transactions as part of a wide-ranging budget proposal that includes one trillion rupees ($11.5 billion) in tax cuts.

IRS Defends Process For Denying Worker Credit Claims

by usoftax_admin | Feb 3, 2025 | Tax News

The Internal Revenue Service defended its process for rejecting applications for pandemic-era worker tax credits that it deems too risky to pay out, telling an Arizona federal court that contrary to the claims of two companies suing the agency over denials, its...

Bermuda Seeks Comments On Min. Tax Enforcement Plans

by usoftax_admin | Feb 3, 2025 | Tax News

Bermuda’s government is looking for public comments on plans to allow a new corporate tax agency to assess civil penalties against companies that don’t comply with the jurisdiction’s implementation of the Organization for Economic Cooperation and...

White & Case Gets Tax Pro From Latham

by usoftax_admin | Feb 3, 2025 | Tax News

White & Case LLP has added a former Latham & Watkins LLP senior associate to serve as a partner in its London office, the firm announced.

RI House Bill Would Exempt Beer From Sales And Use Tax

by usoftax_admin | Feb 3, 2025 | Tax News

Rhode Island would exempt beer and malt liquors from the state’s retail sales and use tax as part of a bill introduced in the state House of Representatives.

Minn. Senate Bill Seeks Broadband Fiber Sales Tax Exemption

by usoftax_admin | Feb 3, 2025 | Tax News

Fiber and conduit purchased or leased in Minnesota by internet service providers would be exempt from state sales and use tax under a bill introduced in the state Senate on Monday.
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