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Australia’s Federal Budget 2025–26: key takeaways

by usoftax_admin | Apr 10, 2025 | Tax News

Kelvin Yuen of DLA Piper Australia summarises proposed changes to the managed investment trust regime, the deferral of a mooted foreign resident capital gains tax measure, and increased funding for the Australian Taxation Office

US foreign tax credit rules: impact on Brazilian withholding taxes

by usoftax_admin | Apr 10, 2025 | Tax News

Taxpayers with Brazilian operations should revisit their withholding positions in light of updated US guidance, writes Rafael Benevides, senior tax counsel at Meta

NJ Will Pay $15M To Settle County’s Casino Tax Break Lawsuit

by usoftax_admin | Apr 9, 2025 | Tax News

Atlantic County and the state of New Jersey have reached a $15 million settlement over a dispute related to a property tax break program for casinos that the county argued unconstitutionally shifted the tax burden to its municipalities.

Tax Court Restores $74M In Deductions For Met Donations

by usoftax_admin | Apr 9, 2025 | Tax News

A philanthropist can take nearly $74 million in charitable tax deductions for paintings he donated to the Metropolitan Museum of Art, even though the values were determined by an unqualified appraiser, the U.S. Tax Court ruled Wednesday in restoring a tax break denied...

Colo. House Panel Backs Suit Over TABOR’s Constitutionality

by usoftax_admin | Apr 9, 2025 | Tax News

Colorado would retain counsel and file suit to determine whether the state’s Taxpayer’s Bill of Rights violates the U.S. Constitution’s guarantee of republican forms of government for the states under a resolution approved by a House panel.

La. Revenue Chief Expects Bills To Broaden Sales Tax Base

by usoftax_admin | Apr 9, 2025 | Tax News

Louisiana may try to broaden its sales and use tax regime to include more services, the state’s revenue secretary said Wednesday, noting that bills filed ahead of the Legislature’s session next week shows tax reform will continue to be a priority.
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