by usoftax_admin | Apr 30, 2024 | Tax News
Governments should make a high-level commitment to reach agreement on the taxation of wealthy individuals within the United Nations framework convention on international tax cooperation, representatives of India, Belgium, Austria, Nigeria and Kenya said Tuesday. by usoftax_admin | Apr 30, 2024 | Tax News
U.S. Treasury Department negotiators are continuing to advocate for more favorable treatment of the country’s research and development tax credit under the Pillar Two global minimum tax rules, Treasury Secretary Janet Yellen told the House Ways and Means... by usoftax_admin | Apr 30, 2024 | Tax News
Maine’s governor vetoed legislation that would have created a new tax bracket for high-income earners and expanded the tax bracket for the state’s lowest income tax rate. by usoftax_admin | Apr 30, 2024 | Tax News
Oklahoma will expand a tax credit for qualified economic development expenditures in industrial parks, removing a limit on the credit, under a bill signed by the governor. by usoftax_admin | Apr 30, 2024 | Tax News
A corporation filing a combined return for its affiliates in Virginia should have its exception to the state’s add-back increased because buyer service fees should not be included in royalty expenses, the state tax commissioner ruled. by usoftax_admin | Apr 30, 2024 | Tax News
The Internal Revenue Service issued Tuesday its annual list of automatic changes to Internal Revenue Code procedures, including provisions for gross income, trade or business expenses and capital expenditures, among others.