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Opinion: Pillar two should persevere without Trump’s backing

by usoftax_admin | Jan 27, 2025 | Tax News

While the US’s dramatic exit from the OECD’s global tax deal naturally grabbed headlines, Trump’s premeditated move shouldn’t detract from pillar two’s lofty ambitions

Thailand enacts law to support the collection of 15% global minimum tax

by usoftax_admin | Jan 27, 2025 | Tax News

Paul Ashburn and Anna Selina De Vera of HLB Thailand say the decree underlines the country’s commitment to pillar two implementation as Thailand aims to become one of the first two Southeast Asian countries to join the OECD

Executive order’s hiring freeze causes IRS to cancel some job offers

by usoftax_admin | Jan 24, 2025 | Tax News

The IRS said President Donald Trump’s executive order calling for a hiring freeze caused it to rescind all jobs offered with a start date after Feb. 8.

Feds’ Madigan Theory ‘Doesn’t Line Up,’ His Atty Tells Jury

by usoftax_admin | Jan 24, 2025 | Tax News

Counsel for former Illinois House Speaker Michael Madigan told an Illinois federal jury Friday that prosecutors attempting to convict him of racketeering have painted an “incomplete and misleading” picture of a crooked politician at trial, but have failed...

Gov’t Says Ukrainian Duo Should Get 15 Years For $25M Fraud

by usoftax_admin | Jan 24, 2025 | Tax News

Prosecutors have asked a Florida federal court to sentence two Ukrainian men to 15½ years in prison after they pled guilty to laundering money from a hotel staffing scheme that the U.S. government said cost it $25 million in taxes.

Ohio Board Denies Tax Break For Property Leased To Shelter

by usoftax_admin | Jan 24, 2025 | Tax News

An Ohio property that is leased to an organization that provides services for homeless children isn’t entitled to a charitable tax exemption because the property owner’s primary activity is renting the property at market rates, the state Board of Tax...
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