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EU Court Rejects Co.’s Portuguese Tax Breaks Appeal

by usoftax_admin | Jun 20, 2024 | Tax News

An appeal contesting a European Commission decision against a Portuguese tax exemption scheme was rejected by the European General Court, which found a Panama-based food company unable to prove why recovering the illegal state aid should be prohibited.

Online Photos Not Proof Of Taxable Sales, Miss. Justices Told

by usoftax_admin | Jun 20, 2024 | Tax News

A Mississippi trial court erred in ruling that a couple’s yard sale transactions were taxable as the decision relied upon Facebook photos used by the state tax department as evidence, the couple told the state Supreme Court.

Ariz. Delays Certification Of 3rd-Party Sales Tax Sourcing

by usoftax_admin | Jun 20, 2024 | Tax News

Arizona delayed by two years the implementation of a recently enacted requirement that the state Department of Revenue create a certification process for third-party providers of sales tax sourcing services under a bill signed by Democratic Gov. Katie Hobbs.

Mich. Insurer Owes Tax On Mailed Ads, Appeals Court Says

by usoftax_admin | Jun 20, 2024 | Tax News

A Michigan life insurance company owes use tax on advertisements mailed by an out-of-state contractor, the Michigan Court of Appeals ruled Thursday, upholding a lower court’s decision.

What DOL Fiduciary Rule Means For Private Fund Managers

by usoftax_admin | Jun 20, 2024 | Tax News

Attorneys at Ropes & Gray discuss how the U.S. Department of Labor’s recently released final fiduciary rule, which revises the agency’s 1975 regulation, could potentially cause private fund managers’ current marketing practices and communications...

China Denies Tax Crackdown As 2 Cos. Report $80M In Bills

by usoftax_admin | Jun 20, 2024 | Tax News

China’s tax authority denied a nationwide crackdown on companies’ old tax returns Thursday, less than a week after a chemical firm facing 500 million yuan ($69 million) in additional liabilities halted production and a beverage maker reported owing 85...
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