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IRS Regs Would Broaden Exception For Unmarked Vehicles

by usoftax_admin | Dec 2, 2024 | Tax News

Unmarked vehicles used by firefighters or members of a rescue squad or ambulance crew would be considered a new type of qualified nonpersonal use vehicle that is exempted from substantiation requirements under regulations proposed Monday by the Internal Revenue...

Joe Biden pardons son Hunter over tax charges

by usoftax_admin | Dec 2, 2024 | Tax News

The US President’s decision comes despite him previously ruling out a pardon for his son

Brazil opens TP consultation on new commodity transaction rules

by usoftax_admin | Nov 30, 2024 | Tax News

Taxpayers would have to register controlled commodity transactions and declare information to the Brazilian tax authorities under the proposed regulations

Pillar two a ‘huge operational challenge’ for clients: A&M chief

by usoftax_admin | Nov 29, 2024 | Tax News

Despite China and India’s hesitation towards pillar two, there’s still enough movement in other countries for clients to start getting ready, James Badenach also tells ITR

Audit Watchdog Urges EU To Curb Harmful Tax Practices

by usoftax_admin | Nov 29, 2024 | Tax News

The European Union is still not doing enough to stop harmful corporate tax practices that are costing governments more than €100 billion ($105 billion) a year in revenue, the bloc’s independent audit watchdog has warned.

This week in tax: Commission ends state aid probes into Fiat, Amazon and Starbucks

by usoftax_admin | Nov 29, 2024 | Tax News

The investigations dated back to 2015 and alleged that the companies received huge financial advantages from TP rulings; in other news, Australia is set to adopt a CbCR regime
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