Tax Code, Regulations and Guidance
April 22, 2024
Via: JD SupraOn April 16, 2024 (Budget Day), the Government of Canada released its 2024 federal budget (Budget 2024). While the biggest headline item in Budget 2024 is a proposal to increase the capital gains inclusion rate from one-half to two-thirds, Budget […]
Tax Code, Regulations and Guidance
April 9, 2024
Via: National Law ReviewThe Internal Revenue Service (IRS) has long used investigations targeting tax preparers as a tool for combating fraud and closing the tax gap. By targeting tax preparers, the IRS is able to identify individual taxpayers who may have submitted false […]
Tax Code, Regulations and Guidance
April 8, 2024
Via: POLITICOThere was actually something that could be considered a development for the tax bill Friday. Senate Majority Leader Chuck Schumer wrote in a letter to his colleagues that the tax plan negotiated by Senate Finance Chair Ron Wyden (D-Ore.) and […]
Tax Code, Regulations and Guidance
April 1, 2024
Via: POLITICOHere’s another obstacle to add to the list for the bipartisan tax bill — the Senate’s to-do list. Our colleagues at Inside Congress recently ran down how they expected the Senate to use its expected 15 weeks of floor time […]
Tax Code, Regulations and Guidance
March 27, 2024
Via: LexBlogOn March 11, 2024, the Biden Administration released the Fiscal Year 2025 Budget, and the “General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals,” which is commonly referred to as the “Green Book.” The Green Book summarizes the Administration’s […]
Business Law & Regulations, Privacy
March 25, 2024
Via: JD Supra1. What’s New? The big news last week was three bills passing out of a state chamber. In Vermont, Representative Priestley’s H.121 unanimously passed the House on March 22. As we noted last week, this general consumer data privacy bill […]
Tax Code, Regulations and Guidance
March 18, 2024
Via: LexBlogTax season is here. As a result, many companies may be seeking to claim the increased tax credits and deductions available under the Inflation Reduction Act (the “IRA”). As we discussed in previous posts you can read here and here, […]
Tax Code, Regulations and Guidance
March 7, 2024
Via: National Law ReviewOn Feb. 28, 2024, the Florida Legislature passed Senate Bill (SB) 328, the Live Local Act “glitch bill,” amending and clarifying 2023’s Live Local Act affordable housing law,1 and the bill is on its way to Gov. DeSantis’ desk for […]
Business Law & Regulations, Workplace Safety & Health
February 26, 2024
Via: JD SupraThe Federal Labor Government (Government) has completed its third tranche of workplace relations reform with the recent passage through Federal Parliament of its Fair Work Legislation Amendment (Closing Loopholes No. 2) Bill 2023. Along with its ‘Secure Jobs, Better Pay’ […]
Tax Code, Regulations and Guidance
February 26, 2024
Via: JD SupraThe US Department of the Treasury has recently reinforced the progress on enforcement, specifically how the IRS is focused on tax evasion targeting and the targeting of high-income individuals and entities. The IRS has deployed Artificial Intelligence (AI) and state-of-the-art […]
Tax Code, Regulations and Guidance
February 2, 2024
Via: JD SupraThe U.S. House of Representatives overwhelmingly passed legislation this week that is predicted to finance hundreds of thousands of affordable housing units, helping New York City and state housing agencies struggling to meet demand. The $78 billion Tax Relief for […]
Tax Code, Regulations and Guidance
January 29, 2024
Via: POLITICOThe House returns to Washington today, after a week away — and, no, it’s not clear whether the chamber will vote on the bipartisan tax bill in the coming days. The official House schedule still has the measure that would […]
Tax Code, Regulations and Guidance
January 25, 2024
Via: Fit Small BusinessSimilar to salaries, employee bonuses are subject to taxes—specifically, a bonus tax rate, which is typically a flat rate of 22%. This can change depending on the amount of the bonus and the method used to calculate the applicable bonus […]
Tax Code, Regulations and Guidance
January 22, 2024
Via: POLITICOSupporters of the bipartisan tax bill needed a statement vote out of the House Ways and Means Committee on Friday to help their cause — and they sure got one. Only three of the committee’s 43 members voted against the […]
Tax Code, Regulations and Guidance
January 9, 2024
Via: JD SupraOn December 19, 2023, the Brazilian IRS published COSIT Answer to Advance Tax Ruling Request No. 308/2023 to clarify the Federal Tax Administration’s position regarding the levy of IRPJ, CSLL, PIS and COFINS on credits accrued from a court decision […]
Tax Code, Regulations and Guidance
January 2, 2024
Via: POLITICOLet’s be honest — negotiations over a tax bill are essentially in the same spot they were when lawmakers hightailed it out of Washington last month. People working on a potential deal, both in and out of government, are optimistic […]
Tax Code, Regulations and Guidance
December 27, 2023
Via: National Law ReviewArentFox Schiff’s clients report being inundated with notices from registered agents and other service providers to comply with the Corporate Transparency Act (CTA), a new law that will require many existing and newly formed entities to register with and disclose […]
Tax Code, Regulations and Guidance
December 18, 2023
Via: JD SupraDue to delays, in particular as a result of the ruling by the Federal Constitutional Court (BVerfG) of November 15, 2023, selected tax changes are now to be included in the Act on the Promotion of Orderly Secondary Credit Markets […]
Tax Code, Regulations and Guidance
December 14, 2023
Via: LexBlogOn October 16, 2023, the Pennsylvania Supreme Court granted Tower Health’s Petition for Allowance of Appeal related to the Montgomery County hospital property. The Supreme Court is going to address the following two issues on appeal: Whether the Commonwealth Court […]
Business Law & Regulations, Tax Code, Regulations and Guidance
December 12, 2023
Via: JD SupraOn Friday, December 1, 2023, the U.S. Department of Energy (DOE) and U.S. Department of Treasury concurrently released two long-anticipated Notices of Proposed Rulemakings regarding the “Foreign Entity of Concern” (FEOC) exclusion—a key provision relevant to electric (EVs) and other […]