Thune Dodges Question on Trump’s $5,000 Payout to US Adults (1)Senate Majority Leader John Thune declined to answer a question on whether the Republican-controlled Senate would pass President Donald Trump’s proposal to give each US adult a $5,000 payment.Bloomberg Tax News29d agoWhole story →EconomyJohn Thunetrump stimulus proposal
NY Sales Tax Bill Canceled Because State Issued Wrong NoticeThe owner of a sign company isn’t responsible for a New York sales tax assessment of more than half a million dollars because the state’s notice didn’t inform her of her appeals rights, a state judge ruled in an opinion posted Thursday.Bloomberg Tax News29d agoWhole story →Economyny sales tax ruling
Illinois DOR Clarifies Federal Gasoline Taxes Must Be Included in Retailers’ Occupation Tax BaseThe Illinois Department of Revenue (DOR) clarified that federal gasoline taxes may not be deducted from gross receipts when calculating Retailers’ Occupation Tax liability. The Department explained that the legal ...Bloomberg Tax News29d agoWhole story →Economyillinois tax ruling
EU Wants Feedback on Updating VAT to Meet Environmental TargetsThe European Commission is seeking feedback on a proposed overhaul of EU value-added tax rules to encourage recycling and reusing products, with a view for a new bill next spring.Bloomberg Tax News1mo agoWhole story →EconomyPlaneteu vat overhaul consultation
Treasury Must Keep Collecting and Preserving Business Owner InfoThe Treasury Department’s decision to stop collecting certain business ownership information and delete information already collected will hinder fraud investigations by the IRS and other federal agencies, columnist Danny Werfel writes.Bloomberg Tax News1mo agoWhole story →EconomyJusticetreasury business ownership rule change
Australia Adopts Tougher Penalties for Accounting MisbehaviorAustralia’s Senate voted Thursday to strengthen penalties on “unethical” tax advisers, cementing a government promise made in the wake of the PwC tax leak scandal.Bloomberg Tax News1mo agoWhole story →Economyaustralian tax reform vote
