by usoftax_admin | Feb 29, 2024 | Tax News
Verizon is barred from claiming tax deductions in Florida from net operating losses on businesses it acquired more than 20 years ago, and federal tax mitigation provisions that could allow the company to sidestep Florida’s three-year time limit do not apply, a... by usoftax_admin | Feb 29, 2024 | Tax News
Massachusetts cities and towns should have the option of boosting their taxes on meals and lodging and imposing a new vehicle surtax, representatives of local jurisdictions told a state legislative panel Thursday, urging them to support legislation pitched by the... by usoftax_admin | Feb 29, 2024 | Tax News
A logger failed to report more than $3 million he kept in foreign accounts, then fraudulently transferred the bulk of it to his wife when he learned he was being audited by the IRS, a Colorado federal judge said in upholding $1.7 million in penalties. by usoftax_admin | Feb 29, 2024 | Tax News
The Czech Republic may end its windfall tax on the profits of banks as well as petrochemical and energy companies a year before its scheduled expiration, its finance minister said Thursday. by usoftax_admin | Feb 29, 2024 | Tax News
The U.S. House voted Thursday to extend excise taxes funding the Airport and Airway Trust Fund for two months at their current rates, clearing the path for the legislation to be considered by the Senate. by usoftax_admin | Feb 29, 2024 | Tax News
A global minimum wealth tax featuring a top-up tax and enforcement system similar to the global minimum tax on corporations would reduce the ability of very wealthy individuals to avoid the measure by relocating, according to a presentation made to the Group of 20...