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IRS Regs Would Tax Overpayment Interest On COVID Credits

by usoftax_admin | Jul 1, 2024 | Tax News

Businesses, tax-exempt groups and some governmental entities could be taxed on overpayment interest received for erroneous refunds of pandemic relief tax credits under proposed Internal Revenue Service regulations released Monday.

Significant amendments in Brazilian tax legislation under new provisional measure

by usoftax_admin | Jul 1, 2024 | Tax News

Paulo Victor Vieira da Rocha and Murilo Jakuk of VRMA Advogados discuss Provisional Measure No. 1,227, which introduces new parameters for tax benefits and imposes significant limitations on the compensation of PIS and COFINS credits

Top 3 Federal Tax Policies Of 2024: Midyear Report

by usoftax_admin | Jul 1, 2024 | Tax News

Despite an energetic start of the year with the House’s overwhelming passage of a bipartisan tax package negotiated between the chairs of the House and Senate’s tax-writing committees, tax policy discussions in Congress have slowed down in the months...

Amount A deadline passes without agreement

by usoftax_admin | Jul 1, 2024 | Tax News

But consenus achieved on ‘vast majority’ of issues and countries are ‘still at the table’, the OECD says

Supreme Court Widens Window To Challenge Federal Regs

by usoftax_admin | Jul 1, 2024 | Tax News

Legal challenges to federal regulations can be brought outside the normal statute of limitations if someone isn’t adversely affected until after the six-year window of time to file suit, the U.S. Supreme Court ruled Monday.

HMRC R&D tax relief claim handling ‘heavy-handed’ and ‘indiscriminate’

by usoftax_admin | Jul 1, 2024 | Tax News

The volume of recent legislative changes alongside an increasingly aggressive approach to investigations has damaged the relief process, one expert tells ITR
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