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NY Senate Bill Seeks Excise Tax On To-Go Alcohol

by usoftax_admin | May 10, 2024 | Tax News

New York would impose a 5% excise tax on sales of to-go alcoholic drinks under a bill introduced in the state Senate, with funds from the tax to be put toward substance use education and treatment programs.

E-Discovery Quarterly: Recent Rulings On Text Message Data

by usoftax_admin | May 10, 2024 | Tax News

Electronically stored information on cellphones, and in particular text messages, can present unique litigation challenges, and recent court decisions demonstrate that counsel must carefully balance what data should be preserved, collected, reviewed and produced, say...

SEC Targets Fatburger’s Parent Co. In $27M Loan Scheme

by usoftax_admin | May 10, 2024 | Tax News

The restaurant company that owns Fatburger and Fazoli’s made illegal loans to its director and former chief executive, who spent $27 million in company money on himself while skirting taxes and leaving the company struggling, the Securities and Exchange...

Swiss forfait taxation: enduring appeal of a regime to Charlie Chaplin’s taste

by usoftax_admin | May 10, 2024 | Tax News

Marcel R Jung of MME Legal Tax Compliance explains the Swiss forfait tax regime, and cites the actor’s choice of his tax home as an indication of its long-standing attractiveness – and perhaps his fondness for fine chocolate

Use Of AI For Tax Comment Letters Poses Ethical Quandaries

by usoftax_admin | May 10, 2024 | Tax News

While artificial intelligence can streamline the process of conducting a comprehensive review of complex, IRS-proposed federal tax regulations, tax attorneys must be aware of professional and ethical considerations when using it to help draft comment letters to submit...

Italian Supreme Court decision confirms stance on intercompany services

by usoftax_admin | May 10, 2024 | Tax News

Federico Vincenti and Carola Valente of Valente Associati GEB Partners/Crowe Valente suggest what documentation can demonstrate the reasonableness of the costs of an intra-group transaction, and the benefits for a subsidiary
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