Finance Republican Floats Senate Version of Crypto Tax BillSen. Steve Daines (R-Mont.) circulated draft cryptocurrency tax legislation this week, as lawmakers ride a wave of enthusiasm for offering clarity to digital asset taxation in the aftermath of a bipartisan vote in the House earlier this month.Bloomberg Tax News13d agoWhole story →EconomySteve Dainescrypto tax bill draft
Illinois DOR Recognizes Federal Tax-Exempt Nonprofits’ Eligibility for State Exemption CertificatesThe Illinois Department of Revenue (DOR) issued a general information letter in response to an inquiry by taxpayer for recognition of its federal tax exemption under 15 U.S.C. § 78kkk(e). ...Bloomberg Tax News13d agoWhole story →Economyillinois tax exemption update
Illinois DOR Exempts Tobacco Product Sales to Federal Government From TaxThe Illinois Department of Revenue (DOR) issued General Information Letter regarding tobacco products tax obligations for distributors selling nicotine products to federal prisons in Illinois. DOR held that the tobacco ...Bloomberg Tax News13d agoWhole story →Economytobacco tax exemption ruling
Tax Fraud Cost Government Up to $304 Billion a Year, Report SaysThe federal government lost as high as $304 billion annually to tax fraud over a seven-year period, a watchdog found Friday.Bloomberg Tax News13d agoWhole story →JusticeGovernmenttax fraud report
Poland Prime Minister Announces Cabinet Adoption of Bill to Amend VAT ActThe Polish Prime Minister’s Office Sept. 22 announced that the Council of Ministers adopted a bill to amend the VAT Act. The bill includes measures to: 1) increase VAT rates ...Bloomberg Tax News14d agoWhole story →JusticeEconomypoland vat bill adoption
