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Expedia’s Win Against La. Hotel Taxes Upheld On Appeal

by usoftax_admin | Apr 19, 2024 | Tax News

Expedia and some of its affiliates do not owe Louisiana sales taxes on the full price of accommodation rentals they charged to customers booking through their platforms, a Louisiana appeals court said, upholding a trial court decision.

Utah Charity Leader Gets Year In Prison For $1.3M Tax Evasion

by usoftax_admin | Apr 19, 2024 | Tax News

The former head of a Utah charity was sentenced to a year and a day in prison for evading taxes on $1.3 million he was paid as part of a covert arrangement with a purported donor, according to documents filed in a Utah federal court.

Updated FAQs provide details on phase-in timing of BOI access

by usoftax_admin | Apr 19, 2024 | Tax News

The FAQs from Treasury’s Financial Crimes Enforcement Network said access to beneficial ownership information will be phased in, beginning this spring with a pilot program for some federal agency users and concluding in spring 2025, when financial institutions with...

KPMG Supports Aussie Pillar 2 Plan, With Reservations

by usoftax_admin | Apr 19, 2024 | Tax News

KPMG supports Australia’s plans to implement the OECD’s Pillar Two global minimum corporate tax plan in principle, the accounting firm said Friday, but it has some concerns, including with how often the government diverts from the organization’s...

UN Should Eye Unitary Taxes, DSTs For Tax Pact, Report Says

by usoftax_admin | Apr 19, 2024 | Tax News

Governments should use the United Nations tax convention as an opportunity to advance the overhaul of nexus away from transfer pricing and toward formulary apportionment, including digital services taxes, to achieve unitary taxation on corporate profits, scholars at...

Iowa Senate OKs Expedited Transition To Flat Income Tax

by usoftax_admin | Apr 19, 2024 | Tax News

Iowa would expedite the state’s transition from a graduated individual income tax to a flat income tax and reduce the proposed flat tax rate under a bill the state Senate passed Friday.
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