by usoftax_admin | May 12, 2025 | Tax News
The Internal Revenue Service made $21.4 billion in improper refundable tax credit payments last year and again failed to meet lawmakers’ goal to reduce its rate of incorrect payments to 10%, the Treasury Inspector General for Tax Administration said... by usoftax_admin | May 12, 2025 | Tax News
A coalition of business lobbying groups has thrown its weight behind proposed legislation that would expand tax breaks for domestically held intellectual property, saying the changes would build on the goals of the 2017 federal tax overhaul. by usoftax_admin | May 12, 2025 | Tax News
The wife of a man found liable for construction company employment taxes is off the hook for $2 million in liabilities, a New York federal jury found, saying she was not responsible for collecting the taxes and paying them over to the federal government. by usoftax_admin | May 12, 2025 | Tax News
The Internal Revenue Service is seeking comments on proposals to add nine chemicals to its list of taxable substances, eight of which were put forward by Exxon Mobil, the agency said Monday. by usoftax_admin | May 12, 2025 | Tax News
A German economics professor was reportedly ‘irritated’ by how the Finnish ministry of finance used his data by usoftax_admin | May 11, 2025 | Tax News
The Department of the Treasury and the Internal Revenue Service are aiming to capture the role of intangible property in cloud computing services within tax regulations to account for the growing importance of automation in the field, a Treasury attorney said. by usoftax_admin | May 11, 2025 | Tax News
The former CEO of Austrian lender Meinl Bank AG was extradited from the U.K. and pled not guilty Friday to money laundering charges, stemming from allegations that he helped Odebrecht SA hide $170 million in funds used to bribe officials around the world and defraud... by usoftax_admin | May 10, 2025 | Tax News
The plan aims to improve the efficiency, transparency, and effectiveness of direct tax administration in India by usoftax_admin | May 10, 2025 | Tax News
Fernando Matesanz of Spanish VAT Services calls for a rethink of national VAT frameworks after two key judgments that support businesses correcting VAT when commercial transactions are altered, cancelled, or left unpaid by usoftax_admin | May 10, 2025 | Tax News
Ahdianto and Erviyanti Adam of GNV Consulting Services outline Indonesia’s latest tax developments, including new rules on importing personal belongings and mandatory use of the CEISA 4.0 digital customs system