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Colombian Court Affirms Fossil Fuel Tax Break Must Stay

by usoftax_admin | May 29, 2024 | Tax News

The Constitutional Court of Colombia affirmed its decision to strike down a law denying fossil fuel companies the ability to offset corporate income tax liabilities with deductions for royalty payments despite a severe impact to public finances, the country’s...

Ind. Tax Court Says Hotel In Construction Was Fairly Assessed

by usoftax_admin | May 29, 2024 | Tax News

An Indiana hotel that was under construction in 2010 was properly assessed despite claims that the county assessor had not assessed all unfinished commercial properties equally, the state tax court ruled.

Baker McKenzie Grows Tax Practice With Ex-KPMG Adviser

by usoftax_admin | May 29, 2024 | Tax News

Baker McKenzie announced the hiring of an experienced Chicago-based tax adviser as a principal who most recently spent sixteen and a half years at Big Four accounting firm KPMG.

NC Total Revenue Through April Dips $23M From Last Year

by usoftax_admin | May 29, 2024 | Tax News

North Carolina’s total revenue for July through April fell $23 million from last year, the Office of the State Comptroller said.

Presidential Candidate Convicted For $15.5M Tax Fraud

by usoftax_admin | May 29, 2024 | Tax News

A tax-preparation business owner and 2024 presidential candidate was convicted on 33 counts of tax fraud after being accused of inflating deductions in a scheme federal prosecutors said caused more than $15.5 million in tax losses, according to Texas federal court...

Colo. Creates Tax Credit For Creative Industries Infrastructure

by usoftax_admin | May 29, 2024 | Tax News

Colorado established a state income tax credit for capital improvement projects that support creative industries, under legislation signed by Gov. Jared Polis.
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