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EU Struggles With Setup Of G7 Use Of Frozen Russian Assets

by usoftax_admin | Sep 11, 2024 | Tax News

European Union countries are struggling to agree on a legal solution to reassure the U.S. that windfall profits from frozen and immobilized Russian state assets will be used to repay a $50 billion loan to Ukraine over the entire length of the loan.

Bipartisan House Bill Would Make Short Rail Credit Permanent

by usoftax_admin | Sep 11, 2024 | Tax News

A bipartisan bill introduced in the U.S. House of Representatives would permanently extend a tax credit for regional and short-line railroads that expired at the end of 2017, according to an announcement Wednesday.

Worker Credit Moratorium Effectively Killed Claims, Court Told

by usoftax_admin | Sep 11, 2024 | Tax News

An Internal Revenue Service moratorium on processing tax credits for retaining employees during the coronavirus pandemic has effectively disallowed the granting of credits to deserving businesses, a Texas Montessori school told a federal court as it pursued a refund...

Opinion: Why tax can be central to the EU’s competitive future

by usoftax_admin | Sep 11, 2024 | Tax News

Ursula von der Leyen is under pressure to ensure her new team makes competitiveness a top priority. How tax policy is designed and implemented is crucial, writes Ralph Cunningham

McCarter & English Recruits EY Tax Pro In New Jersey

by usoftax_admin | Sep 11, 2024 | Tax News

McCarter & English LLP has bulked up its tax and employee benefits team in New Jersey with a longtime Ernst & Young expert at a time when the Garden State’s business community is bracing for regulations on a series of corporate tax reforms. 

Italian TP documentation rules: country file to be prepared in Italian

by usoftax_admin | Sep 11, 2024 | Tax News

Federico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente report on a ruling by the Italian Tax Agency and explain an update to the deadline for the submission of income tax returns
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