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Green Energy Co. Duped Investors Out Of $40M, Suit Says

by usoftax_admin | Apr 5, 2024 | Tax News

A proposed class of investors has hit a purported Chicago green energy outfit and its executives with a federal suit claiming they used promises of extravagant returns to get the plaintiffs to invest but never created any energy or produced the returns they...

Judge Won’t Recuse Herself From Doctor’s NBA Fraud Trial

by usoftax_admin | Apr 5, 2024 | Tax News

A Manhattan federal judge has refused to step away from the case of a Seattle doctor accused of participating in a scheme to defraud the National Basketball Association’s health plan, saying there was “no basis” for his bid to oust her after he took...

Trump’s NY Civil Fraud Trial Spotlights Long-Criticized Law

by usoftax_admin | Apr 5, 2024 | Tax News

A New York court’s recent decision holding former President Donald Trump liable for fraud brought old criticisms of the state law used against him back into the limelight — including its strikingly broad scope and its major departures from the traditional elements of...

Irish Finance Dept. Seeks 2 Sovereign Funds For Tax Surplus

by usoftax_admin | Apr 5, 2024 | Tax News

The Irish Department of Finance introduced a bill that would establish two sovereign wealth funds in Ireland as a way to take advantage of the country’s surplus generated in part by corporate windfall taxes.

IRS Spent $4.4B Of Climate Law’s Funds, TIGTA Says

by usoftax_admin | Apr 5, 2024 | Tax News

Through 2023, the Internal Revenue Service spent $4.4 billion of the funds earmarked in the tax, climate and healthcare law, the Treasury Inspector General for Tax Administration said in a report published Friday.

Contrasts Emerge Between Taiwan Tax Bill, Regular Treaties

by usoftax_admin | Apr 5, 2024 | Tax News

A bill pending in the Senate would lay the groundwork for double-tax relief and other treaty-like arrangements with Taiwan, but the unique legislative process and relatively reduced content could cast uncertainty over the unofficial accord’s ultimate fate.
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