As the Treasury Department prepared to enact the 2017 Republican tax overhaul, corporate lobbyists swarmed — and won big.
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The overhaul of the federal tax law in 2017 was the signature legislative achievement of Donald J. Trump's presidency.
The biggest change to the tax code in three decades, the law slashed taxes for big companies, part of an effort to coax them to invest more in the United States and to discourage them from stashing profits in overseas tax havens.
Not to change the topic here:
Idaho Tax Commission Amends Regulations on Vehicle Labor Charges Sales Tax Exemption
The Idaho State Tax Commission Jan. 1 amended regulations on the vehicle labor charges exemption for sales and use tax purposes. The rules include measures: 1) reflecting changes made by H.B. 86 providing an exemption for a dealer's labor or service charges for adding accessories to specific types of vehicles; and 2) making minor changes to the language of the rule to reduce or eliminate restrictive words.
Federal Tax Regs To Watch In 2020 - Law360
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New Georgia laws go into effect Jan. 1
ATLANTA, Ga. (WALB) - As the clock strikes midnight for a new year, so do new Georgia laws that go into effect.
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SB 212
This bill will revise the criteria that the Department of Driver Services can authorize certain licensed driver training schools to administer the on-the-road driving skills test.
SB 65
This bill relates to the alternative ad valorem tax on motor vehicles. This bill states that the transfer of a title between legal entities owned by the same person does not constitute a taxable event.
Many things are taking place:
Idaho Tax Commission Amends Regulations on Agricultural Assessments, Occupancy Tax
The Idaho State Tax Commission Jan. 1 amended regulations clarifying agricultural land classifications for property tax purposes.
Final Opportunity Zone Regulations Provide Some Much-Needed Clarity - Tax - United States
Section 1400Z-2, added by Public Law 115-97 (the Tax Cuts and Jobs Act), provides tax incentives for investors to make equity investments in qualified opportunity funds (QOFs) that will in turn invest in qualified opportunity zone business property (QOZ Business Property), either directly or indirectly through qualified opportunity zone businesses (QOZ Businesses) operating in qualified opportunity zones (QOZs).�
On December 19, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released the final regulations governing the tax benefits from investing in qualified opportunity zones (QOZs). The package is 544 pages and finalizes two different sets of proposed regulations�one issued on October 29, 2018 (October 2018 proposed regulations) and the other issued on May 1, 2019 (May 2019 proposed regulations).
Google will finally stop using controversial Irish and Dutch tax loopholes - The Verge
The era of Google using a pair of controversial loopholes to save billions of dollars in taxes on overseas ad revenue is coming to a close, according to a new report from Reuters . In 2020, the company will no longer take advantage of the so-called "Double Irish" and "Dutch sandwich" loopholes, which allowed it and countless other corporations to shift money from Ireland to the Netherlands and Bermuda, sheltering billions from taxes in the process.
Treasury Finalizes Foreign Payment Withholding Tax Rules - Law360
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Happening on Twitter
This reality is beyond infuriating. Every Republican Senator who voted for this monstrosity should be held accounta… https://t.co/m6IHK9wrVX clairecmc (from Missouri) Tue Dec 31 15:53:41 +0000 2019
Obscene -/ Why isn't this impeachable? Or at least, high time to make what is now legal, illegal & criminal-/ How B… https://t.co/5RjI1iEorw KatrinaNation (from New York) Wed Jan 01 00:30:55 +0000 2020
Even after the tax law scam they were enriched further. How Big Companies Won New Tax Breaks From the Trump Admin… https://t.co/mcj9PTapLr MSignorile (from NYC) Mon Dec 30 14:03:48 +0000 2019
More than a trillion dollars in tax cuts adopted in late 2017 largely benefited corporate America. But big companie… https://t.co/2vhFOmBtXb EricLiptonNYT (from Washington, DC) Mon Dec 30 15:37:51 +0000 2019
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