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Houston Truck Co. Doesn’t Owe $2M Excise Tax, 5th Circ. Told

by usoftax_admin | May 13, 2024 | Tax News

A Houston truck company that sells tires made by a Chinese manufacturer doesn’t owe $2 million in import taxes because it’s not legally the tire importer, the company told the Fifth Circuit in asking it to affirm a ruling that could split circuits.

Semisubmersible Co. CEO Convicted Of Fraud, Fleeing Law

by usoftax_admin | May 13, 2024 | Tax News

The CEO of a semisubmersible manufacturer has been convicted by a Hawaii federal jury of financial fraud, witness tampering and attempting to escape law enforcement in one of his company’s ocean vessels.

Waive corporation tax for UK space businesses, experts suggest

by usoftax_admin | May 13, 2024 | Tax News

The suggestion was welcomed by Skadden’s European tax head at a special event on space and tax

Gov’t Urges 8th Circ. To Uphold 3M’s $24M Pricing Adjustment

by usoftax_admin | May 11, 2024 | Tax News

The U.S. government asked the Eighth Circuit to uphold a U.S. Tax Court decision allowing the IRS to allocate nearly $24 million from 3M’s Brazilian affiliate, arguing the company’s appeal involves misplaced reliance on a U.S. Supreme Court decision.

OECD members push for pillar one conclusion

by usoftax_admin | May 11, 2024 | Tax News

The OECD has revealed little about the progress of the talks on pillar one since February

Five minutes with… James Anderson, Skadden

by usoftax_admin | May 11, 2024 | Tax News

In the first of a new series, Skadden’s European tax practice head tells ITR about harnessing stress in a positive way, playing the blues, and what makes tax cool
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