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Tax Foundation Says UN Should Avoid Duplicating Tax Efforts

by usoftax_admin | Mar 15, 2024 | Tax News

The United Nations should only create global tax rules in areas where it can effectively reduce uncertainty and should avoid duplicating negotiations underway elsewhere, the Tax Foundation said Friday in a response to the organization.

Feds Want 6 Years For ‘Poster Boy’ Of Mass. Police Corruption

by usoftax_admin | Mar 15, 2024 | Tax News

Boston federal prosecutors have recommended nearly 6 years in prison for a former Massachusetts trooper who they say is the living embodiment of police misconduct in light of his trial convictions for stealing overtime pay, lying on his taxes and cheating to get...

Attys, Broker Fight For Advice-Of-Counsel Defense In Tax Trial

by usoftax_admin | Mar 15, 2024 | Tax News

Two St. Louis attorneys and a North Carolina insurance agent staring down criminal tax charges in North Carolina federal court said the government can’t prevent them from relying on advice-of-counsel defenses at their upcoming trial, arguing they’ve handed...

$3B In Employment Tax Credits Claimed In Scheme, Feds Say

by usoftax_admin | Mar 15, 2024 | Tax News

Three New Jersey men who said they were leaders of religious and charitable organizations fraudulently claimed nearly $3 billion in employment tax credits from a federal pandemic loan program, according to a criminal complaint filed in New Jersey federal court.

Direct Hit On Tax Regs Unlikely If Justices Ditch Chevron

by usoftax_admin | Mar 15, 2024 | Tax News

A decision from the U.S. Supreme Court later this year on two cases challenging the so-called Chevron doctrine, which gives federal agencies wide latitude to interpret ambiguous laws, isn’t likely to immediately affect tax regulations.

Taxation With Representation: Freshfields, Kirkland

by usoftax_admin | Mar 15, 2024 | Tax News

In this week’s Taxation with Representation, AstraZeneca acquires Amolyt Pharma, XCF Global Capital goes public and EQT Corp. merges with Equitrans Midstream Corp.
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