The New Jersey Division of Taxation should have allowed Euromin Inc. to carry forward over $828,000 in corporation business tax credit because the energy trading company and a partnership it bought aren’t a unitary business, the company alleges.Euromin “acquired its interest in the Partnership as an operational asset to increase the net gains and earnings … Read more
The title page reads, “Mandate for Leadership, the Conservative Promise — Project 2025, Presidential Transition Project.” What follows are 920 pages of sweeping changes for the “next conservative president” to put into effect or, if not sufficiently empowered, to recommend to Congress. From abortion to veterans affairs, the anthology of 30 chapters, each by a … Read more
IRS is focused on Businesses since the passage of the Inflation Reduction Act. Under the Strategic Operating Plan (funded by the Inflation Reduction Act), the IRS is increasing audit rates, expanding enforcement and targeting non-compliance for business taxpayers. IRS compliance efforts are geared towards having the IRS compliance teams better detect tax cheating, identify emerging … Read more
Fact: Beijing Dacheng Law Offices, LLP (“大成”) is an independent law firm, and not a member or affiliate of Dentons.
Fact: The global minimum tax mandates large multinational enterprises to pay a minimum tax rate of 15% in each country where they operate.
The Georgia General Assembly passed several significant tax bills during the 2024 legislative session, including the creation of a tax court, reduction of income tax rates, limitations on income tax credit carryforwards, and suspension of the data center sales tax exemption. Bills that did not pass included limitations on the film tax credit.