by usoftax_admin | May 23, 2024 | Tax News
Italy has added a temporary safe harbor provision to its implementation of the Organization for Economic Cooperation and Development’s global minimum tax to ease the transition for in-scope companies, the country’s finance ministry said. by usoftax_admin | May 23, 2024 | Tax News
The chairs of the Senate’s tax and budget committees said Thursday that they were investigating a meeting with former President Donald Trump and oil and energy companies and a trade association where Trump reportedly sought $1 billion in exchange for policy... by usoftax_admin | May 23, 2024 | Tax News
Households in Ohio with $60,000 or less in annual income would be able to claim a refundable income tax credit for the cost of their property taxes or for 15% of their rent under a bill introduced in the Senate. by usoftax_admin | May 23, 2024 | Tax News
Connecticut will have the state’s Department of Energy and Environmental Protection study whether it should create a uniform capacity tax on solar facilities as part of a bill signed by the governor. by usoftax_admin | May 23, 2024 | Tax News
Lawmakers should preserve the Tax Cuts and Jobs Act’s nonexpiring provisions, specifically the 21% corporate tax rate, when debating the extension of the law’s expiring provisions in 2025, former House Ways and Means Committee Chairman Kevin Brady said... by usoftax_admin | May 23, 2024 | Tax News
The federal government agreed to stop fighting a ruling that awarded Citigroup $183 million in tax deductions for liabilities belonging to a failing bank it had acquired during the 1980s savings and loan crisis, according to an order Thursday by the Federal Circuit...