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Mo. City Tax Credit Suit Tossed Over Federal Jurisdiction

by usoftax_admin | Jun 13, 2024 | Tax News

A federal judge dismissed a Kansas City, Missouri, resident’s claims that the city unconstitutionally refused to credit his state income taxes paid to Kansas against his city earnings tax liabilities, ruling that a federal law barred the case from being lodged...

Romania’s tax reforms: a step towards modernisation and equity

by usoftax_admin | Jun 13, 2024 | Tax News

Miruna Enache of EY Romania reports on the country’s bold introduction of a minimum turnover tax as its digital tax transformation continues apace, while the potential adoption of progressive taxation is still hotly debated

Denmark Considering $302M Entrepreneur Tax Break Package

by usoftax_admin | Jun 13, 2024 | Tax News

Denmark’s finance ministry announced a package of more than 2.1 billion kroner ($302 million) in tax breaks and other measures for entrepreneurs that it says will help drive innovation and overall grow the country’s attractiveness for startups.

Indonesia’s tax facility for foreign loans and grants for government projects

by usoftax_admin | Jun 13, 2024 | Tax News

Issues and opportunities arising from the tax facility for foreign loans and grants for government projects could be key to the ‘Golden Indonesia’ dream, say I Dewa Made Agung Nugraha and Egar Adipratama of GNV Consulting

IRS Extends Corp. AMT Penalty Relief Into August

by usoftax_admin | Jun 13, 2024 | Tax News

The Internal Revenue Service will continue to provide penalty relief for entities that fail to make estimated quarterly payments of the corporate alternative minimum tax through Aug. 15, the agency said Thursday.

Labour Manifesto Targets Wealthy To Fill Funding Gaps

by usoftax_admin | Jun 13, 2024 | Tax News

Labour set out plans in its election manifesto on Thursday to raise a total of more than £8.5 billion ($10.8 billion) in tax reforms that target wealthy taxpayers, although some analysts questioned whether the measures will add up.
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