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Ariz. Says Federal Tax On Rebates Contradicts IRS Guidance

by usoftax_admin | Mar 22, 2024 | Tax News

A decision by the Internal Revenue Service to impose federal income tax on rebates issued last year by Arizona violates the agency’s own recent guidance, the state told a federal court, saying a preliminary injunction against the tax would not unduly burden the...

PwC gives fresh statement on tax scandal review

by usoftax_admin | Mar 22, 2024 | Tax News

Six individuals should have raised questions over information they received but did not breach professional standards, according to the firm

Brazil proposes bill of law to regulate new selective tax

by usoftax_admin | Mar 22, 2024 | Tax News

Gabriel Caldiron Rezende of Machado Associados comments on a bill of law presented by the Brazilian Congress that outlines a recently created ‘sin tax’ on goods and services considered harmful to health or the environment

Holland & Knight Hires Caplin & Drysdale Member In DC

by usoftax_admin | Mar 22, 2024 | Tax News

Holland & Knight LLP has boosted its Washington-based tax team, hiring a Caplin & Drysdale Chtd. member who first joined his former firm 25 years ago from the U.S. Department of the Treasury.

US Unlikely To Move On Hungary Tax Treaty, Official Says

by usoftax_admin | Mar 22, 2024 | Tax News

Hungary’s low corporate tax rate and other policies will likely prevent the U.S. government from resuming negotiations on a stalled 2010 tax treaty after terminating its existing Hungarian treaty in early 2023, an IRS official said Friday.

IRS Steadily Returning To Pre-Covid Levels, TIGTA Says

by usoftax_admin | Mar 22, 2024 | Tax News

Internal Revenue Service initiatives have reduced some — but not all — document processing back to pre-pandemic levels, the Treasury Inspector General for Tax Administration said in a report.
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