Quite a lot has been going on:
INSIGHT: Conservation Easements—Will They Be Saved on Appeal?
San Francisco Tax Issues on the 2020 Ballot
San Francisco's 2020 Ballot will include five tax and bond measures, which if passed would provide for a total of $980 million in debt service for bonds, and tax increases of approximately $401 to $481 million annually, each discussed in greater detail below:
Proposition F would amend the San Francisco Charter and City ordinances to: (1) reduce the annual Business Registration Fee for businesses with $1,000,000 or less in San Francisco gross receipts, (2) increase the small business exemption ceiling for the Gross Receipts Tax to $2,000,000 and increase the annual Business Registration Fee on businesses benefiting from this increased ceiling, (3) modify the Gross Receipts Tax by generally increasing rates across a series of years, (4) repeal the
Weekly IRS Roundup August 31 - September 4, 2020 - Lexology
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Verint Announces Q2 FY2021 Results | Business Wire
"We had a solid Q2 with strong sequential revenue growth, year-over-year operating income growth and cash from operations growth. Our cloud business accelerated, and our on-premises business began to recover from the initial impact of COVID-19. We expect our cloud momentum to continue in the second half of the year and on-premises deals to continue to gradually recover," said Dan Bodner, CEO.
Bodner continued, "We are also pleased to report significant progress on our plan to create two independent public companies and that we are on track to complete the separation shortly after fiscal year-end. Both businesses are market leaders and we believe both companies will have significant growth opportunities post separation."
Webinar: Overcoming complex regulations in a shared service centre environment | International
The 30-minute webinar at 2pm GMT (3pm London time / 10am EST) will be moderated by ITR's Commercial Editor Prin Shasiharan. The webinar will be followed by a Q&A session.
Plans to tax limited partnerships with CIT and other significant amendments to the CIT Act |
On September 4, 2020, information on the plan to amend the CIT and PIT Act was published in the list of legislative works of the Council of Ministers.
The draft amendment has not yet been published, but the changes that have been announced are revolutionary and could have a significant impact on corporate taxation in 2021.
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We will continue to monitor this issue. After publishing the details of the planned solutions, we recommend analyzing the impact of the planned changes on your business and taking adjustment measures.
Final BEAT Deduction Waiver Regulations Provide Some Relief | Shearman & Sterling LLP - JDSupra
The BEAT operates as a minimum tax that is calculated separately from a corporation’s regular federal income tax liability. If the BEAT minimum tax exceeds the taxpayer’s regular tax liability, the taxpayer must pay the greater amount.
The government previously issued final and proposed regulations (the “2019 Final Regulations” and the “2019 Proposed Regulations,” respectively) relating to the BEAT on December 2, 2019.
Consistent with the 2019 Proposed Regulations, the Regulations provide that a taxpayer may forgo a deduction and that such forgone deduction will not be treated as a base erosion tax benefit if the taxpayer elects to waive the deduction for all U.S. federal income tax purposes and follows specified procedures (the “Waiver Election”).
Happening on Twitter
Ohio wants back $60 million in tax breaks GM received for its now closed Lordstown plant. My newsletter today expla… https://t.co/KjKqy5SCGq Pat_Garofalo (from Washington, D.C.) Wed Sep 09 18:15:03 +0000 2020
Ohio Tax Attorney Sentenced to Prison for Obstructing the IRS https://t.co/bVeLVRb9pU TheJusticeDept (from United States of America) Wed Sep 02 21:46:22 +0000 2020
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