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EU Commission Tells France, Italy To Lower Budget Deficits

by usoftax_admin | Jun 19, 2024 | Tax News

The European Commission told France, Italy and six other European Union countries to rein in their big budget deficits on Wednesday, although their governments can decide themselves on the details of spending cuts and tax hikes.

Problems With VAT Law Still Not Resolved, Estonia Says

by usoftax_admin | Jun 19, 2024 | Tax News

Estonia said Wednesday that it continues to have concerns about a proposed change to the European Union’s value added tax law, which the small northeastern European country said would hurt small businesses.

The 2 New Jersey Attys Ensnared In A Mogul’s Extortion Rap

by usoftax_admin | Jun 18, 2024 | Tax News

New Jersey businessman George E. Norcross III may be the alleged mastermind of an extortion scheme to reap millions in tax credits on waterfront property in a distressed city, but an explosive indictment also reveals the purported roles of two attorneys with close...

Regs. cover green energy incentive wage and apprenticeship requirements

by usoftax_admin | Jun 18, 2024 | Tax News

Under new final regulations issued by the IRS, taxpayers can generally increase the base amount of certain credits or deductions by five times when they meet prevailing wage and apprenticeship requirements.

Ore. To Adopt IRS’ Free E-File Program For 2025 Season

by usoftax_admin | Jun 18, 2024 | Tax News

Oregon will participate in the Internal Revenue Service’s Direct File free online tax filing program when it returns for the 2025 filing season, the U.S. Department of the Treasury and the IRS announced Tuesday.

Corporate Rate Revenue To Decrease After 2025, CBO Says

by usoftax_admin | Jun 18, 2024 | Tax News

Corporate income tax receipts will steadily decrease after 2025 in relation to gross domestic product due to expiration of many of the 2017 tax law’s provisions, the Congressional Budget Office said in a report released Tuesday. 
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