by usoftax_admin | Nov 19, 2024 | Tax News
The Oregon Tax Court was wrong in its analysis of Microsoft Corp.’s taxable income in the state when it rejected the company’s proposals for alternative treatment of its repatriated foreign earnings, the company said. by usoftax_admin | Nov 19, 2024 | Tax News
The economic substance doctrine is broad and can invalidate telecommunications company Liberty Global’s transaction that led to a $2.4 billion deduction because steps taken to maximize the tax break lacked business purpose, a government attorney told the Tenth... by usoftax_admin | Nov 19, 2024 | Tax News
New York’s total tax collection from April through October grew $14.13 billion compared with the same period last fiscal year, according to the state Department of Taxation and Finance. by usoftax_admin | Nov 19, 2024 | Tax News
Malta risks ceding tax revenues to jurisdictions that adopt the global minimum tax sooner, the IMF said by usoftax_admin | Nov 19, 2024 | Tax News
Entities that claim a net capital gains deduction in Louisiana need to file copies of their last two returns in the state or states where the income was reported if the gains are over $250,000, the Louisiana Department of Revenue said in a regulation. by usoftax_admin | Nov 19, 2024 | Tax News
Virginia’s general revenue collection from July through October was $732 million higher than it was during the same period last fiscal year, according to the state Department of Revenue.