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US Extends Deal On Existing Digital Taxes With 5 Countries

by usoftax_admin | Feb 15, 2024 | Tax News

Austria, France, Italy, Spain and the U.K. will continue applying their digital services taxes in light of the extended timeline to implement the Pillar One international profit reallocation agreement, the countries said Thursday in a joint statement with the...

Ore. Tax Court Revives Case Of Dead Former Resident

by usoftax_admin | Feb 15, 2024 | Tax News

Representatives of a dead former Oregon resident may continue to contest the state tax department’s denial of certain deductions, a state tax court judge said, reversing a decision by the court’s magistrate division.

Fla. House Panel OKs Biz Rent Tax Cut, Other Tax Breaks

by usoftax_admin | Feb 15, 2024 | Tax News

Florida would slash its business rent tax rate for one year under a bill approved by the state House Ways and Means Committee that also would provide temporary sales tax breaks and make corporate income tax and property tax changes.

Ariz. Panel Votes To Put Public Nuisance Tax Credits On Ballot

by usoftax_admin | Feb 15, 2024 | Tax News

Arizona property owners impacted by deemed public nuisances that local governments fail to address, which would include homelessness, could qualify for tax refunds from the state if voters approve a ballot measure advanced by a House panel.

Tax On Tribune’s Cubs Sale Troubling, 7th Circ. Judge Says

by usoftax_admin | Feb 15, 2024 | Tax News

A Seventh Circuit judge said Thursday he was troubled by an IRS push to tax Tribune Media Co. on some gains from its sale of the Chicago Cubs that stemmed from a $425 million debt transaction, saying the agency seemed to ignore the relevant legal test.

Wis. Tax Board Rules Verizon Fleet Data Service Is Taxable

by usoftax_admin | Feb 15, 2024 | Tax News

Wisconsin’s Department of Revenue was correct to assess sales and use tax on the monthly fee associated with Verizon’s fleet management service as it constitutes a taxable inspection service, the state tax commission ruled in an order released...
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