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Senate Panel Advances Trump’s Treasury Tax Policy Pick

by usoftax_admin | Apr 29, 2025 | Tax News

The Senate Finance Committee approved President Donald Trump’s pick for assistant Treasury secretary for tax policy along party lines Tuesday.

Automakers Get 15% Tariff Offset Under New Trump Order

by usoftax_admin | Apr 29, 2025 | Tax News

President Donald Trump will sign an executive order Tuesday afternoon to provide automakers that produce and sell finished vehicles in the U.S. a 15% offset on future imported parts that face a 25% tariff for the next year.

Kansas To Require Single Sales Factor For Multistate Cos.

by usoftax_admin | Apr 29, 2025 | Tax News

Kansas will require multistate corporations to switch from the three-factor apportionment method for income to a single-sales-factor apportionment method and to market-based sourcing of receipts under a bill signed by the governor.

Kan. Creates Sales Tax Exemption For Data Center Developers

by usoftax_admin | Apr 29, 2025 | Tax News

Kansas established a sales tax exemption for businesses that build and make purchases for the development of data centers in the state under a bill signed by the governor.

IRS Shouldn’t Elect To Use OECD Pricing Method, AICPA Says

by usoftax_admin | Apr 29, 2025 | Tax News

The IRS shouldn’t unilaterally apply the Organization for Economic Cooperation and Development’s streamlined approach to price-related companies’ baseline distribution and marketing costs and should give companies a wide berth to choose the approach,...

Court Urged To Reconsider Jurisdiction In Tribal Tariff Row

by usoftax_admin | Apr 28, 2025 | Tax News

Blackfeet Nation members are asking a Montana federal judge to reconsider an order to transfer their challenge against President Donald Trump’s tariffs on imports from Canada and abroad to the U.S. Court of International Trade, saying the decision is based on...
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