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CJEU rules Dutch interest deduction limitation not in breach of EU law

by usoftax_admin | Oct 18, 2024 | Tax News

Jian-Cheng Ku, Roland Kleimann, and Nick Schmidt of DLA Piper Netherlands explain how the Court of Justice of the European Union recently addressed whether a Dutch tax provision contravenes the freedom of establishment principle

Liberty Global Shouldn’t Get $248M Tax Credit, 10th Circ. Told

by usoftax_admin | Oct 17, 2024 | Tax News

Liberty Global distorted the language and statutory scheme of the U.S. tax code’s foreign tax credit regulations to falsely claim $248 million in credits, the U.S. government told the Tenth Circuit on Thursday.

Couple Failed To Contest IRS Lien, Tax Court Says

by usoftax_admin | Oct 17, 2024 | Tax News

The IRS didn’t abuse its discretion when it sustained a federal tax lien against a Washington couple to collect five years’ worth of deficient taxes, the U.S. Tax Court ruled Thursday, finding that the couple failed to respond to the agency’s...

Wash. Justices Say No Addresses Needed For Tax Ballot Items

by usoftax_admin | Oct 17, 2024 | Tax News

Washington’s secretary of state didn’t need to check addresses when validating signatures for five voter initiatives slated for the November ballot, including measures to repeal the state’s capital gains tax and to bar income taxes, the state Supreme...

Illinois Ballot Measure May Reinvigorate Graduated Tax Talks

by usoftax_admin | Oct 17, 2024 | Tax News

An Illinois ballot measure that will gauge public interest in imposing a higher tax rate on millionaires to fund property tax relief appears primed to rekindle debates over whether the state’s constitutional requirement for a flat income tax should be...

Couple Failed To Back Up Biz Expenses, Tax Court Says

by usoftax_admin | Oct 17, 2024 | Tax News

A self-employed married couple who did business through six limited liability companies aren’t entitled to deductions for business expenses and net operating losses because they didn’t substantiate them, the U.S. Tax Court said Thursday.
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