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Analysing recent trends in Indian income tax disputes

by usoftax_admin | Jan 9, 2025 | Tax News

The increasing sophistication of India’s taxation system has led to complexity across tax treaty benefits, permanent establishments, transfer pricing and more, say Sanjay Sanghvi and Ujjval Gangwal of Khaitan & Co

Pillar two to target 49% of shifted corporate profits: Slovakia report

by usoftax_admin | Jan 9, 2025 | Tax News

Multinationals will continue to shift profits out of Slovakia to EU member states despite pillar two’s implementation, according to the report

IRS requires sustained funding to continue to help taxpayers, report says

by usoftax_admin | Jan 8, 2025 | Tax News

The national taxpayer advocate’s first report to the new Congress highlighted the need for money devoted to taxpayer services and technology.

Estate Of Pension Plan Official Out Of Denmark Tax Fraud Suit

by usoftax_admin | Jan 8, 2025 | Tax News

A New York federal court approved Wednesday an agreement for Denmark’s tax authority to settle its claims against the estate of a pension plan official whose plan allegedly defrauded the agency out of $9 million.

Final Treasury Regs Grow Low-Income Bonus Energy Credits

by usoftax_admin | Jan 8, 2025 | Tax News

New hydropower, nuclear, solar, geothermal and other nonpolluting energy facilities developed in areas designated as low-income communities are eligible for bonus investment tax credits under final regulations the U.S. Treasury Department unveiled Wednesday.

La. Revenue Dept. Stops Mailing Sales Tax Return Forms

by usoftax_admin | Jan 8, 2025 | Tax News

The Louisiana Department of Revenue announced Wednesday that it will no longer mail state sales tax return forms to businesses, saying taxpayers can either file and pay the taxes electronically or download copies of the return on their own.
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