by usoftax_admin | Apr 2, 2024 | Tax News
The petition of an Ohio couple was timely filed because they were entitled to a 60-day postponement during the early days of the coronavirus pandemic, the U.S. Tax Court ruled Tuesday. by usoftax_admin | Apr 2, 2024 | Tax News
South Africa’s total tax revenue rose to 2.155 trillion rand ($115 billion) last year, buoyed by collections of personal income tax increasing more than 8% and despite corporate income tax collections sinking nearly 9%, the South African Revenue Service said... by usoftax_admin | Apr 2, 2024 | Tax News
With an increase in economic activity expected on Norway’s continental sea shelf in the future, the country’s Ministry of Finance said Tuesday that it wants to introduce tax liabilities on foreign companies generating income from certain activities there... by usoftax_admin | Apr 2, 2024 | Tax News
The estate of a woman whose trust transferred $1.06 million to her son before she died owes $38,000 in federal estate taxes because some transfers were loans to prop up his architecture practice, the Ninth Circuit affirmed. by usoftax_admin | Apr 2, 2024 | Tax News
The European Commission asked the European Union’s Court of Justice to rule that Luxembourg is breaking EU law by including securitized entities among financial undertakings that are allowed deductibility of interest payments, the EU’s Official Journal... by usoftax_admin | Apr 2, 2024 | Tax News
Income routed to different types of trusts were ‘highly likely’ subject to lower tax rates, according to the ATO