by usoftax_admin | Apr 22, 2024 | Tax News
A Washington appeals court said on Monday that Seattle can keep a $160 million property tax to pay for waterfront improvements, in an opinion that rejected an argument that diminished property values after COVID-19 should force the city to recalculate the tax. by usoftax_admin | Apr 22, 2024 | Tax News
Pepperidge Farm asked the Illinois Independent Tax Tribunal to vacate a roughly $944,000 corporate tax assessment, arguing that P.L. 86-272 shielded an out-of-state affiliate’s sales-related activities from Illinois income tax. by usoftax_admin | Apr 22, 2024 | Tax News
A Florida federal judge on Monday dismissed part of a hedge fund executive’s case seeking to hold the Internal Revenue Service accountable for a leak of his private tax data to the media, saying he failed to show he suffered any damages. by usoftax_admin | Apr 22, 2024 | Tax News
The Bank of Nova Scotia urged the World Bank’s international arbitration institution in recently released documents not to dismiss the arbitration of its value-added tax dispute against Peru, saying the case raises issues of fact. by usoftax_admin | Apr 22, 2024 | Tax News
A Colorado judge has sided with Netflix Inc. in a fight with the state over whether its streaming service subscriptions are subject to sales tax, finding that because the subscriptions can’t be physically touched, they don’t fit the law’s definition... by usoftax_admin | Apr 22, 2024 | Tax News
Congress is empowered to require American companies to report their beneficial owners to the federal government because there is ample evidence they’ve previously been used to fund hostile foreign actors, evade sanctions and traffic drugs, two think tanks told...