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German Drug Co. Due £21.5M VAT Refund, UK Tribunal Finds

by usoftax_admin | Oct 25, 2024 | Tax News

A German pharmaceutical provider is entitled to a refund of almost £21.5 million ($27.9 million) for the value-added tax it paid on the rebated portion of products supplied to the U.K.’s National Health Service, the British First-tier Tribunal ruled.

Hawkins Delafield Career Atty Moves To Nixon Peabody In SF

by usoftax_admin | Oct 25, 2024 | Tax News

Nixon Peabody LLP hired a Hawkins Delafield & Wood LLP partner who has spent his entire legal career with that firm working on public finance tax matters and a range of other tax-related matters, the firm has announced.

Pa. House Advances State Bill To Protect Crypto Payments

by usoftax_admin | Oct 25, 2024 | Tax News

Pennsylvania’s House of Representatives advanced a bill that would codify businesses’ and individuals’ ability to accept digital assets as payment, maintain personal control over their digital assets and protect them from additional taxes when paying...

NJ Bill Seeks Sales Tax Break For Energy-Saving Products

by usoftax_admin | Oct 25, 2024 | Tax News

New Jersey would exempt retail sales of energy-saving products and services from sales and use tax under a bill introduced in the state Assembly.

‘Magician’ Tax Preparer Close To Plea Deal In $100M Case

by usoftax_admin | Oct 25, 2024 | Tax News

A New York City-based tax preparer who earned the nickname “the magician,” allegedly making $15 million while fraudulently depriving the IRS of $100 million, is in “fruitful” plea talks with prosecutors, a Manhattan federal judge heard...

Lebanon, Angola, Others Added To Financial Crime Watch List

by usoftax_admin | Oct 25, 2024 | Tax News

An intergovernmental task force on financial crimes added Lebanon, Angola, Algeria and the Ivory Coast to a watch list of countries with weak protections against money laundering and financing for armed groups, the group said Friday.
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