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9 results found
Beijing, China
Tax News
Tariffs

US Escalates Trade Measures with 245% Tariff on Chinese Imports Amidst New National Security Push on Critical Minerals

In a 15 April 2025 Fact Sheet, the United States government announced that the tariffs imposed on Chinese imports have risen to 245%. The Fact Sheet explicitly states that "China now faces up to a 245% tariff
2 minutes
cars
Tax News
Tariffs

Canada Strikes Back As US Tariffs on Foreign Autos Take Effect, Imposes 25% Duties on US Vehicles and Parts

Canada will impose its own 25% tariffs on certain US vehicles and auto parts in response to a 25% duty on foreign automobiles that came into effect on 3 April 2025 (see United States to Impose 25% Tariff on
2 minutes
flag of the European Union
Tax News
Tariffs

Trump Administration Rolls Out Sweeping 10% General Tariff on All Imports, Reciprocal Elevated Duties Targeting EU, 53 Other Countries

Effective 5 April 2025, the United States will impose a general 10% ad valorem tariff on all imports, subject to limited exceptions for national security-sensitive goods and other specified exclusions. In
4 minutes
1040 form
Tax News
Individual Taxation

Court Filing Alleges Unlawful Access to Taxpayer Data by US DOGE Service

The Center for Taxpayer Rights (CTR) and several other plaintiffs have filed a complaint against the Internal Revenue Service (IRS) and US Department of the Treasury, among others, alleging unlawful access to
2 minutes
pipes with writing on them
Tax News

Treasury and IRS Finalize Clean Hydrogen Production Tax Credit Regulations

The Department of Treasury and the IRS have finalized regulations implementing the credit for the production of clean hydrogen and certain provisions pertaining to the energy credit under the Inflation
3 minutes
supreme court building
Tax News

DOJ Asks Supreme Court to Lift Block on CTA After Beneficial Ownership Information Reporting Was Halted

The US Department of Justice has filed a petition with the US Supreme Court, asking the court to overturn an injunction that currently blocks the enforcement of the Corporate Transparency Act (CTA), or to limit
3 minutes
FinCEN logo
Tax News

FinCEN Extends Beneficial Ownership Information Reporting Deadlines

The Financial Crimes Enforcement Network (FinCEN) of the US Department of Treasury has extended beneficial ownership information (BOI) reporting deadlines to provide businesses adequate time to meet their
2 minutes
person writing on paper
Tax News

Biden Signs Federal Disaster Tax Relief Act of 2023 and VETT Act to Provide Targeted Tax Relief for Disaster Victims and Veterans

President Joe Biden (D) has signed two significant tax relief measures aimed at supporting disaster victims and veterans. The Federal Disaster Tax Relief Act of 2023 ( H.R. 5863) will provide tax relief to
3 minutes
IRS website
Tax News

IRS Issues Proposed Regulations on Previously Taxed Earnings and Profits

The IRS has issued proposed regulations on corporate treatment of previously taxed earnings and profits (PTEP) from foreign corporations and related basis adjustments, consequently preventing double taxation of
2 minutes

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