by usoftax_admin | May 15, 2025 | Tax News
A proposed Colorado ballot measure to reduce the state income tax rate by one-hundredth of a percentage point was assigned an unlawfully confusing title by a state board, the conservative activists behind the initiative charged in a petition to the state Supreme... by usoftax_admin | May 15, 2025 | Tax News
Pennsylvania would update an economic development tax credit program to offer incentives to electric-generating and hydrogen facilities, among other energy projects, under a bill passed by the state’s House. by usoftax_admin | May 15, 2025 | Tax News
Republican leaders in the House plan to hold a vote next week on the chamber’s budget bill that includes the GOP’s $3.8 trillion tax package, with the aim of sending the legislation to the Senate before Memorial Day, Ways and Means Committee Chairman Jason... by usoftax_admin | May 15, 2025 | Tax News
A Texan urged a federal court to dismiss the U.S. government’s suit seeking to collect $1 million in penalties for unreported offshore bank accounts, arguing that the IRS’ penalty assessment violated her constitutional right to a jury trial. by usoftax_admin | May 15, 2025 | Tax News
A woman who failed to file a tax return for her brother’s nearly $14 million estate can move forward with a suit challenging the ensuing IRS penalties, a Rhode Island federal judge ruled, saying a jury might excuse the mistake by finding she relied on flawed... by usoftax_admin | May 15, 2025 | Tax News
João Riscado Rapoula and André Vilaça Ferreira of VdA outline the NHR 2.0 Portuguese tax incentive and explain why it could enhance the country’s appeal to expatriates and foreign businesses by usoftax_admin | May 15, 2025 | Tax News
The Internal Revenue Service asked for comments Thursday on proposals by Exxon Mobil to add six chemicals to the agency’s list of taxable substances. by usoftax_admin | May 15, 2025 | Tax News
Jun Au of DLA Piper Australia analyses a recent Full Federal Court decision on the Australian Taxation Office’s application of the general anti-avoidance rules, with the judgment also addressing dividend stripping and the taxation of financial arrangements by usoftax_admin | May 15, 2025 | Tax News
An Administrative Review Tribunal ruling last month in Australia v Alcoa represents a ‘concerning trend’ for the tax authority, one expert tells ITR by usoftax_admin | May 14, 2025 | Tax News
Nearly 150 members of Congress have thrown their support behind 12 state attorneys general suing to halt the Trump administration’s “emergency” tariffs, arguing they far exceed the statutory authority of a president.