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Indonesian tax roundup: amended regulation issued on CIT reduction facilities

by usoftax_admin | Nov 15, 2024 | Tax News

Endy Arya Yoga and Nanda Atsatalada of GNV Consulting summarise legislative updates concerning corporate income tax reduction facilities, bad debt expense deductions from gross income, and implementation of the Core Tax Administration System

This week in tax: Brazil extends pillar two consultation deadline

by usoftax_admin | Nov 15, 2024 | Tax News

Brazil is looking to impose the OECD’s 15% global minimum tax on multinationals; in other news, PwC is set to pull out of Fiji

Albright Moves Apple Foes’ Patent Suit To California

by usoftax_admin | Nov 14, 2024 | Tax News

Waco’s U.S. District Judge Alan Albright has decided to send a patent lawsuit lodged in his court against Apple to the tech giant’s home of California, calling the “minimal local interest” provided by local tax breaks “strenuously tied to...

NY Gov. Brings Back Manhattan Congestion Pricing Plan

by usoftax_admin | Nov 14, 2024 | Tax News

The resurrection of New York City’s plan to charge all vehicles a fee for entering Manhattan’s busiest corridor demonstrates a mad dash in the final months of the Biden administration to expedite infrastructure projects perceived as political lightning...

DC Council Issues Housing Tax Break Emergency Resolution

by usoftax_admin | Nov 14, 2024 | Tax News

The District of Columbia Council approved an emergency resolution to enact legislation to implement a competitive process for the provision of tax abatements for housing developments while a recently passed measure to permanently authorize that process faces...

Cos. Tell Court To Make IRS Process Worker Retention Credits

by usoftax_admin | Nov 14, 2024 | Tax News

Two companies that help clients obtain pandemic-era employee retention tax credits asked an Arizona federal court to stop the Internal Revenue Service from issuing what they claim are batch denials based on faulty automated systems, saying the agency is required to...
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