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This week in tax: Pillar two underpins 6.3% PwC tax revenue growth

by usoftax_admin | Nov 1, 2024 | Tax News

But the firm said that ‘difficult market conditions’ led to a slowdown in Asia Pacific; in other news, OECD begins Thailand accession process

Ga. Justices Kill Free Speech Challenge To Strip Club Tax

by usoftax_admin | Oct 31, 2024 | Tax News

A Georgia tax on strip clubs that’s used to fund child trafficking prevention efforts has been upheld by the state’s highest court, which said in a split decision that a First Amendment challenge to the tax by club owners failed to show the levy limited...

Madigan Ally Set Up Work For Speaker’s Fired Aide, Jury Told

by usoftax_admin | Oct 31, 2024 | Tax News

An ex-lobbyist on trial alongside former Illinois House Speaker Michael Madigan made arrangements for a political operative that Madigan fired to receive monthly payments while he was unemployed, suggesting he enter into contracts with loyal lobbyists and write up...

Calif. Gov. Proposes Expansion Of Film And TV Tax Credit

by usoftax_admin | Oct 31, 2024 | Tax News

California would more than double the annual amount of money allocated to its film and TV tax credit program as part of a proposal from Democratic Gov. Gavin Newsom, the governor’s office said.

Man Didn’t Justify His Claims He Couldn’t Pay, Tax Court Says

by usoftax_admin | Oct 31, 2024 | Tax News

The Internal Revenue Service didn’t abuse its discretion when it upheld levies to collect over $58,000 in outstanding tax liabilities, including penalties and interest, after a man failed to substantiate his claims of medical hardship, the U.S. Tax Court said...

Treasury Using Help To Clear Pillar 1 ‘Logjam,’ Official Says

by usoftax_admin | Oct 31, 2024 | Tax News

Other executive agencies in President Joe Biden’s administration have backed the U.S. Treasury Department in urging negotiators at the Organization for Economic Cooperation and Development to reach a final deal on the international taxing rights overhaul known...
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