by usoftax_admin | Jul 8, 2024 | Tax News
The Hong Kong government began implementing a tax incentive known as a patent box for income derived from intellectual property in the jurisdiction, the Inland Revenue Department announced. by usoftax_admin | Jul 8, 2024 | Tax News
An oil and gas production company in North Dakota was correctly denied refunds on sales taxes paid on certain oilfield equipment because the gear’s function in the process was outside the scope of a statutory exemption, the state Supreme Court affirmed. by usoftax_admin | Jul 8, 2024 | Tax News
With a U.S. Supreme Court decision affirming a key 2017 tax provision on repatriation, millions of dollars in FBAR penalties upheld and a French ruling confirming the U.S. government’s access to foreign bank accounts, the IRS stacked up important court victories... by usoftax_admin | Jul 8, 2024 | Tax News
South Carolina updated statutory references in state income tax withholding provisions to reflect a 2022 income tax cut under a bill signed by the governor. by usoftax_admin | Jul 8, 2024 | Tax News
A man who visited Virginia and owned property as a vacation home is not domiciled in the state because all his significant ties were in a different state, the Virginia tax commissioner said in a ruling released Monday. by usoftax_admin | Jul 8, 2024 | Tax News
A Virginia painting business was improperly assessed withholding tax because the state tax department incorrectly determined that its workers were employees and not independent contractors, the state tax commissioner said in a letter ruling released Monday.