by usoftax_admin | Jun 12, 2024 | Tax News
A New York state court has undercut a provision in a since-expired affordable housing tax break that enabled a city watchdog to issue judgments against developers who underpaid construction workers, deeming the provision unconstitutional because decisions could not be... by usoftax_admin | Jun 12, 2024 | Tax News
Lawmakers should end the favorable tax treatment of income from carried interest compared with ordinary earned income, Senate Budget Committee Chairman Sheldon Whitehouse said Wednesday during a hearing. by usoftax_admin | Jun 12, 2024 | Tax News
An internationally agreed-upon freeze on digital levies may continue to thaw even if countries meet their impending deadline to sign a related treaty for new corporate tax rules, in part because the accord faces a hazy path to formal ratification. by usoftax_admin | Jun 12, 2024 | Tax News
The U.S. government agreed to settle a pair of foreign bank account reporting cases in which it had sought a total of $7 million from a former insurance broker and his wife’s estate, according to a court order filed Wednesday in California federal court. by usoftax_admin | Jun 12, 2024 | Tax News
The U.S. Treasury Department’s proposed stock buyback tax rules go too far in trying to assess whether the main purpose of a U.S. subsidiary’s funding purchase of its foreign parent’s stock is to avoid the tax, two groups said in comments released... by usoftax_admin | Jun 12, 2024 | Tax News
A Missouri attorney who was found guilty of participating in a $4 million tax avoidance scheme alongside her father and a North Carolina insurance agent is looking to wipe out the verdict, arguing there wasn’t enough evidence to convict.