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Georgia Cuts Income Tax Rates, Offers Rebates

by usoftax_admin | Apr 15, 2025 | Tax News

Georgia’s income tax rate for both individuals and corporations will fall and individuals also will get an income tax rebate under a pair of bills signed Tuesday by Gov. Brian Kemp.

Senate Dems Call For Probe Into IRS Nominee’s Business Ties

by usoftax_admin | Apr 15, 2025 | Tax News

The IRS needs to investigate companies associated with President Donald Trump’s nominee for IRS commissioner that are suspected of promoting a scheme to sell nonexistent tribal tax credits to investors, two Senate Finance Committee Democrats said in a letter...

7 Arrested In France In €3.4M Cross-Border VAT Fraud Case

by usoftax_admin | Apr 15, 2025 | Tax News

The European Public Prosecutor’s Office arrested seven people suspected of carrying out a value-added tax fraud scheme involving what it called valuable vehicles that resulted in at least €3.4 million ($3.8 million) in tax losses, the EPPO said...

La. House Panel OKs Changes To Drop Shipment Sourcing

by usoftax_admin | Apr 15, 2025 | Tax News

Louisiana would retroactively alter the sourcing of drop shipments for state sales tax purposes under a bill the state House tax-writing committee advanced Tuesday in response to a recent law change that could source the sales to other states.

Ind. Boosts Business Property Tax Exemption

by usoftax_admin | Apr 15, 2025 | Tax News

Indiana will increase its de minimis exemption for business property to $2 million and rework its homestead exemption under a bill signed by the state’s governor Tuesday.

Mich. Tribunal Rejects Hotel’s Challenge To $10M Valuation

by usoftax_admin | Apr 15, 2025 | Tax News

A hotel owned by a Hilton franchisee was valued at $10 million by the Michigan Tax Tribunal, agreeing with a local assessor and reducing a previous valuation by $2.2 million but rejecting a further reduction sought by the owner.
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