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Trinidad and Tobago joins OECD’s global anti-tax-dodging initiative

by usoftax_admin | Nov 8, 2024 | Tax News

The Caribbean country became the 149th member of the international treaty, which aims to combat illicit financial flows

Audits Of Large Australian Cos. Generate $1.64B

by usoftax_admin | Nov 8, 2024 | Tax News

Audits and reviews of 24 large companies in Australia generated AU$2.5 billion ($1.64 billion) in tax revenue in 2023-24, the Australian Taxation Office said.

Apache To Pull North Sea Investments Over UK Windfall Tax

by usoftax_admin | Nov 8, 2024 | Tax News

Texas-based oil giant Apache Corp. said Friday that it will wind up its North Sea oil operations by 2030 in response to the U.K.’s plan to raise the energy profits levy — known as the windfall tax — by 3 percentage points.

8 EU Countries Call For Increased Russian Import Duties

by usoftax_admin | Nov 8, 2024 | Tax News

A group of eight European Union member countries called on the bloc’s executive body to consider increased import duties on Russian goods in response to the war in Ukraine, Sweden’s Ministry of Foreign Affairs said Friday.

Nixon Peabody Helps Boston Supportive Housing Land $153M

by usoftax_admin | Nov 8, 2024 | Tax News

A Boston housing development nonprofit, with guidance from Nixon Peabody LLP, obtained $153 million in financing to develop a 19-story, 126-unit supportive housing project in the city, the law firm announced.

Ex-Spouse Entitled To $2.9M Pandemic Tax Refund, Court Told

by usoftax_admin | Nov 8, 2024 | Tax News

A woman is entitled to a $2.9 million tax refund under pandemic-era relief provisions for carryback losses shared with her ex-husband, she told a Texas federal court, accusing the Internal Revenue Service of wrongly requiring both of the former couple’s...
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