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Wis. Revenue Through Sept. Up $171M From Last Year

by usoftax_admin | Oct 11, 2024 | Tax News

Wisconsin’s general purpose revenue from July through September totaled $171 million more than last year’s collection for the same period, according to the state Department of Revenue.

Ohio General Revenue Collection Up $309M From Estimate

by usoftax_admin | Oct 11, 2024 | Tax News

Ohio’s general revenue collection from July through September beat estimates by $309 million, according to a report by the state Office of Budget and Management.

Danish Tax Agency Sniffs Out $367M In VAT Fraud

by usoftax_admin | Oct 11, 2024 | Tax News

The Danish Tax Agency said it has issued collections for roughly 2.5 billion Danish kroner ($367 million) since 2018 against companies it discovered were carrying out cross-border value-added tax fraud schemes known as VAT carousels.

Guide to Italy’s 90-day extension possibility for TP documentation

by usoftax_admin | Oct 11, 2024 | Tax News

Federico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente explain how taxpayers can gain extra time to complete transfer pricing documentation and thus take advantage of Italy’s ‘penalty protection regime’

IRS Delays Fla. Deadlines, Grants Other Relief After Milton

by usoftax_admin | Oct 11, 2024 | Tax News

Following Hurricane Milton, the Internal Revenue Service has granted all taxpayers in Florida until May 1 to file individual and business tax returns and make payments, the agency said Friday, while also granting dyed diesel penalty relief.

France Targets Largest Cos. With Tax In Austerity Budget

by usoftax_admin | Oct 11, 2024 | Tax News

The French government said it plans to implement a temporary tax targeting the country’s biggest companies as part of a budget of €61.3 billion ($67 billion) of fiscal changes intended to help bring the deficit in line with European Union rules.
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