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Small UK Cos. ‘Freed’ From VAT Payments By Threshold Rise

by usoftax_admin | Apr 2, 2024 | Tax News

Some 28,000 businesses have been “freed” from paying value-added tax as the registration threshold rose from £85,000 ($106,000) to £90,000 in revenue, HM Treasury has said.

EU removes Hong Kong from ‘grey list’ for tax purposes

by usoftax_admin | Apr 2, 2024 | Tax News

Lewis Lu and John Timpany of KPMG China report on the latest round of reviews of the EU’s list of non-cooperative jurisdictions for tax purposes, with Hong Kong now off the EU grey list

Watchdog Probes Norway’s Carbon Tax Exemption Measures

by usoftax_admin | Apr 2, 2024 | Tax News

A Norwegian plan to exempt from excise duty waste incineration that is subject to the European Union’s emissions trading system and to exempt natural gas, which is also subject to the ETS, from carbon tax is the focus of an investigation into state aid, a...

Trump’s Gag Order Expands Over ‘Attacks’ On Judge’s Family

by usoftax_admin | Apr 1, 2024 | Tax News

Donald Trump has a constitutional right to respond to alleged political attacks, but he does not have a right to attack family members of the state judge overseeing his criminal case in New York, the judge ruled late Monday, expanding the former president’s gag...

US Support For Pillar 1 Still In Question After House Inquiry

by usoftax_admin | Apr 1, 2024 | Tax News

U.S. lawmakers signaled that they think technical and other issues remain in the OECD’s Pillar One taxing rights overhaul during a recent House subcommittee meeting, casting further doubt on the plan’s implementation as the timeline to finalize it has...

Adviser Gets 4 Years For Fraud, Filing False Tax Returns

by usoftax_admin | Apr 1, 2024 | Tax News

An Indiana investment adviser was sentenced to four years in prison and ordered to pay $6.4 million in restitution for stealing $4.7 million from a client and filing false returns, the U.S. Department of Justice announced.
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