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Canadian Gov’t Proposes Capital Gains Tax Hike

by usoftax_admin | Jun 10, 2024 | Tax News

A new tax rate on capital gains realized annually above CA$250,000 ($181,700) by individuals and on all capital gains realized by Canadian corporations would go into effect this month under a proposal introduced by Canada’s finance minister Monday.

Unclaimed Property Group Backs Disney At Mich. High Court

by usoftax_admin | Jun 10, 2024 | Tax News

An unclaimed property holder trade organization urged the Michigan Supreme Court to affirm that the state waited too long to demand that Disney and a restaurant company remit unclaimed property, arguing that third-party auditors’ lax oversight allowed...

NJ Panel OKs Relaxing Worker Location Rules For Tax Credits

by usoftax_admin | Jun 10, 2024 | Tax News

New Jersey would permanently loosen the employee location requirement for businesses to qualify for some of the state’s tax breaks and grant programs as part of a bill advanced by the Senate Economic Growth Committee on Monday.

Ariz. Justices Allow Tax On Marriott Loyalty Rewards Stays

by usoftax_admin | Jun 10, 2024 | Tax News

A Marriott-branded hotel in Arizona is liable for state taxes on rooms booked through a customer loyalty program, the state’s Supreme Court said, upholding a state tax court decision.

SD Declines To Respond To High Court Use Tax Appeal

by usoftax_admin | Jun 10, 2024 | Tax News

The South Dakota Department of Revenue sad it will not file a response in the U.S. Supreme Court to a construction company’s petition that argues use tax imposed by the state on movable construction equipment was unconstitutional.

Amazon Presses SC Justices To Review Sales Tax Case

by usoftax_admin | Jun 10, 2024 | Tax News

The South Carolina Supreme Court should review an appeals court’s opinion that held Amazon was required to collect and remit sales tax on products sold on its marketplace in 2016 and owes the state $12.5 million in tax, the company said in a brief.
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