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Mich. Court Stands By Unitary Biz Ruling For Nationwide

by usoftax_admin | Aug 14, 2024 | Tax News

A Michigan state appeals court will not reconsider its decision that insurance companies that are part of Nationwide should file their taxes as a unitary group, and denied the state Treasury Department’s request for reconsideration.

Mirror, Mirror On The Wall, Is My Counterclaim Bound To Fall?

by usoftax_admin | Aug 14, 2024 | Tax News

A Pennsylvania federal court’s recent dismissal of the defendants’ counterclaims in Morgan v. Noss should remind attorneys to avoid the temptation to repackage a claim’s facts and law into a mirror-image counterclaim, as this approach will often result in a waste of...

Medical Device Maker Pleads Guilty To $2.4M Tax Evasion

by usoftax_admin | Aug 14, 2024 | Tax News

A man who made millions of dollars on medical devices and sold one purporting to eradicate viruses by using sound waves pled guilty to evading $2.4 million in taxes in a trust scheme involving his girlfriend, according to Florida federal court documents.

The clash for new principles of international tax

by usoftax_admin | Aug 14, 2024 | Tax News

Pillar one’s efforts to reconcile clashing principles on allocating business profits may be admirable but the OECD’s project lacks a long-term vision, argues Leonard Wagenaar

DC Tax Relief Can Aid Office Projects, But It’s No ‘Silver Bullet’

by usoftax_admin | Aug 14, 2024 | Tax News

While tax relief programs may help a handful of office conversion projects in Washington, D.C., and make financial sense, much more needs to happen to bring the city’s struggling downtown back to life again, real estate experts say.

Italian Supreme Court accepts selection of loss-making comparables in TP

by usoftax_admin | Aug 14, 2024 | Tax News

Federico Vincenti and Carola Valente of Crowe Valente/Valente Associati GEB Partners consider the ramifications of a ruling concerning the inclusion of loss-making companies in a transfer pricing benchmarking analysis as comparable entities
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