by usoftax_admin | May 3, 2024 | Tax News
In negotiations over the streamlined transfer pricing approach for baseline marketing and distribution functions known as Amount B, the U.S. has resisted calls for additional scoping criteria that would exclude more companies from the safe harbor, a former U.S.... by usoftax_admin | May 3, 2024 | Tax News
Counsel for a family of business magnates who say they were duped into an illegal tax shelter scheme over 25 years ago by Sidley Austin urged a Georgia federal judge Friday to let their suit against the firm continue, arguing its defense that the suit is time-barred... by usoftax_admin | May 3, 2024 | Tax News
How far states can go in adopting informal guidance without running afoul of administrative procedure acts is a vexing question that has prompted significant litigation, panelists said Friday. by usoftax_admin | May 3, 2024 | Tax News
Democrats and Republicans are both interested in extending the 2017 tax law’s pass-through deduction, which expires at the end of 2025, though Democrats would like to limit its availability to upper-income earners, a pair of congressional staffers said... by usoftax_admin | May 3, 2024 | Tax News
Ohio’s imposition of its gross receipts tax on a Kansas-based soap company’s goods that were temporarily held in Ohio distribution centers before being shipped elsewhere passes constitutional muster, the state Department of Taxation told the Ohio Supreme... by usoftax_admin | May 3, 2024 | Tax News
Congress is unlikely to pass a so-called technical corrections bill that would change noncontroversial and revenue-neutral tax provisions in the 2022 climate law known as the Inflation Reduction Act, a Senate Finance Committee Democratic staffer said Friday.