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Soda Taxes Fail To Boost Health, Cut Obesity, Group Says

by usoftax_admin | Mar 31, 2025 | Tax News

Raising taxes on sugar-sweetened beverages shows no evidence of improved health benefits, according to a Tax Foundation report.

Justices Ask US To Respond To IRS Crypto Doc Seizure Case

by usoftax_admin | Mar 31, 2025 | Tax News

The U.S. Supreme Court asked the federal government Monday to weigh in on a cryptocurrency investor’s challenge to the IRS’ seizure of his account records, a request that followed a spate of support for the investor, including by attorneys general and Elon...

Tobacco Co. Says Colo. Must Give Up Extra Tax Revenue

by usoftax_admin | Mar 31, 2025 | Tax News

Colorado failed to refund tobacco taxes it collected that exceeded state projections for a fiscal year and failed to lower the taxes’ rates in subsequent years, violations of the state Taxpayer’s Bill of Rights, a tobacco distributor said in a suit seeking...

Trump’s Tariff Bombardment Keeps Companies Guessing

by usoftax_admin | Mar 31, 2025 | Tax News

U.S. importers are bracing for significant compliance cost increases as President Donald Trump’s reciprocal tariff announcement is expected on Wednesday, though recent comments made by the president indicate the duties could be less harsh.

Trade Policy Shifts Raise Hurdles For Gov’t And Cos. Alike

by usoftax_admin | Mar 31, 2025 | Tax News

The persistent tension between the Trump administration’s fast-moving and aggressive trade policies and the compliance-heavy nature of the trade industry creates implementation challenges for both the business community and the government, says Sara Schoenfeld...

Justices Probe Wis. Denial Of Exemption To Catholic Charities

by usoftax_admin | Mar 31, 2025 | Tax News

Justices of the U.S. Supreme Court seemed deeply skeptical Monday that Wisconsin was on firm constitutional grounds in denying an unemployment tax exemption to a group of Catholic charities because, as the state claimed, they were not operated primarily for religious...
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