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‘Scaring away foreign investors’: experts criticise Brazil digital tax plans

by usoftax_admin | Oct 7, 2024 | Tax News

The policy idea stems from the misconception that technology companies pay little or no taxes, one expert tells ITR

Business Owners Saved £1.3B On Inheritance Tax, Firm Says

by usoftax_admin | Oct 4, 2024 | Tax News

Business owners have saved their families an estimated £1.3 billion ($1.7 billion) last year by claiming business property relief on inheritance tax, according to law firm TWM Solicitors.

Defunct Yoga Studios’ Founder Cops To Tax Evasion

by usoftax_admin | Oct 4, 2024 | Tax News

The founder of a defunct chain of prominent and lucrative yoga studios who was accused of hiding $1.6 million in income from the Internal Revenue Service pled guilty to tax evasion, New York federal prosecutors said Friday.

NH Revenue Through Sept. Misses Estimate By $20M

by usoftax_admin | Oct 4, 2024 | Tax News

New Hampshire total receipts from July through September fell short of a forecast by $20 million, according to a report by the state Department of Administrative Services.

DC Circ. Won’t Reconsider Whistleblower’s $690M Claim

by usoftax_admin | Oct 4, 2024 | Tax News

The D.C. Circuit on Friday rejected a whistleblower’s request that it rehear a ruling upholding the denial of up to $690 million, or 30%, of the $2.3 billion collected in an Internal Revenue Service offshore voluntary disclosure program.

Fed. Circ. Revives HR Co.’s $1.6M Tax Penalty Refund Bid

by usoftax_admin | Oct 4, 2024 | Tax News

A human resources company that sought $1.6 million in tax penalty refunds should not have been rejected for its failure to attach power-of-attorney forms to its requests, the Federal Circuit said Friday in vacating a decision by the U.S. Court of Federal Claims.
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