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Why Biz Groups Disagree On Ending Chevron Deference

by usoftax_admin | Feb 22, 2024 | Tax News

Two amicus briefs filed in advance of last month’s U.S. Supreme Court oral arguments in Loper Bright Enterprises v. Raimondo highlight contrasting views on whether the doctrine of Chevron deference promotes or undermines the stable regulatory environment that...

IRS Agent, Gov’t Attys Immune From RICO Suit, Judge Says

by usoftax_admin | Feb 22, 2024 | Tax News

An Arizona federal judge dismissed a $15 million lawsuit against an IRS agent and two assistant U.S. attorneys brought by an investment adviser convicted of filing false tax returns, saying Thursday the government employees were immune from claims that included...

Convicted Chicago Pol Seeks Acquittal Or New Trial

by usoftax_admin | Feb 22, 2024 | Tax News

One of Chicago’s longest serving and most powerful local politicians asked an Illinois federal judge Wednesday to set aside a jury’s December verdict convicting him of using his official position to steer tax business to his personal law firm, saying no...

US-Chile Tax Treaty May Encourage Cross-Border Investors

by usoftax_admin | Feb 22, 2024 | Tax News

Provisions in the recently effective U.S.-Chile bilateral income tax treaty should encourage business between the two countries, as they reduce U.S. withholding tax on investment income for Chilean taxpayers, exempt certain U.S. taxpayers from Chilean capital gains...

Sirius XM, NJ Settle $1.4M Tax Dispute Over Receipt Sourcing

by usoftax_admin | Feb 22, 2024 | Tax News

Sirius XM and New Jersey’s tax agency agreed to settle the company’s protest of a $1.4 million corporate tax assessment that centered on the proper method for sourcing receipts from services for tax years before the state switched to market-based...

Mo. Bill Would Prohibit Local Food Sales Taxes

by usoftax_admin | Feb 22, 2024 | Tax News

Missouri would exempt retail sales of food from local sales tax as part of a bill introduced in the state House of Representatives.
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