Latest COST Conscious

ISSUE 24-25; December 13, 2024

Preparing for an Active 2025 – The softening of state revenues and the plethora of bills already prefiled for the 2025 session in many states indicate that 2025 will be a very active year for SALT legislation. Although 2024 was relatively quiet, there was some notable state legislation introduced that is likely to resurface in 2025. Which of the following would have the greatest negative impact on

Latest Practitioner Connection

ISSUE 25-01; January 10, 2025

Stephanie Do to Join Verizon Communications in February; COST is Seeking a West Coast Tax Counsel – After Five Years at COST, COST Senior Tax Counsel Stephanie Do recently accepted a position at COST-member Verizon Communications as Senior Director of State Tax Policy. During Stephanie’s tenure at COST, she initially spearheaded COST’s advocacy efforts on the East Coast before transitioning to han

BLOOMBERG TAX

Trailer Maker’s Tax Refund Bid Relies on Obsolete Memo, IRS Says

January 20, 2025

The IRS moved to dismiss a South Dakota-based trailer manufacturer's tax refund suit seeking more than $4 million, which claims the agency failed to apply its own technical advice for vehicle-related exemptions.

Latest EU Energy Tax Bill Keeps Airline, Shipping Exemptions

January 20, 2025

The latest version of a bill that would overhaul the EU's fuel and electricity tax regime has maintained controversial exemptions on aviation and maritime fuel.

CEOs Optimistic on Growth Despite Trump Trade Tensions, PwC says

January 20, 2025

Most chief executive officers expect global economic growth to accelerate this year despite growing trade tensions and the threat of higher tariffs in a Donald Trump presidency, a survey by PwC found.

IRS Urges Appeals Court to Pass Over Tax Judge Constitutionality

January 20, 2025

The Eleventh Circuit should decline to rule on a couple's arguments that the structure of the US Tax Court is unconstitutional because the scope of presidential powers can't affect the outcome of their 12-year tax suit, the IRS told the appeals court.

South Sudan Risks Safe Water for Capital With Plastic-Tax Start

January 20, 2025

Some water-bottling companies in South Sudan halted production after the government introduced a tax on plastic materials.

EU Plans Strategy for Upcoming UN Tax Treaty Negotiations

January 20, 2025

The EU has agreed on an approach on UN negotiations over a global tax deal that will allow individual countries the right to make their own views known while also providing for a joint position among the 27 member countries.

Trump inauguration kick-starts policy players, talks

January 20, 2025

President-elect Donald Trump will be sworn in at noon Monday in the Capitol Rotunda, formalizing his ability to steer tax policy for the next four years.

House Agenda for the Week of Jan. 20

January 20, 2025

The House returns this week after President-elect Donald Trump's inauguration to vote on a bill that would expedite wildfire prevention projects as Southern California faces ones of the worst natural disasters in modern US history.

Data Center Energy Guardrails Proposed in States as Demand Soars

January 20, 2025

Proposals to regulate data centers’ energy use and environmental impacts are popping up as states balance high hopes for the fast-growing industry with concerns about electric reliability, consumer costs, and natural resource depletion.

Battle Over Contentious IRS Regulations About to Heat Up

January 20, 2025

The already-heated debates over controversial IRS regulations are liable to get even hotter soon, as President-elect Donald Trump's more anti-regulatory, business-friendly administration takes the reins.