Taxation

Written by Arba Beyene, Tax Lawyer and Partner at Ethio Alliance Advocates LLP 1. Introduction  The goals of the amendment are typically outlined in the preamble of the proclamation. Therefore, the objectives mentioned in the preamble include: improving revenue collection through adjustments to the rates applied to certain incomes; expanding the tax base; creating an…

If you’re a title company operating in Texas, understanding the state’s insurance premium tax is critical to your business. But companies may not fully understand how far it reaches or who exactly is responsible. This 1.35% tax, enforced by the Texas Comptroller, applies to gross title insurance premiums on Texas properties and comes with specific rules about who must…

Owning property in Texas comes with many benefits, but also with complex legal and tax responsibilities. When that property is affected by eminent domain, those responsibilities shift, sometimes dramatically. Whether you’re facing a potential government taking or simply want to understand the implications, it’s important to know how both property ownership and eminent domain impact…

As the global economy expands, numerous U.S. taxpayers have financial interests or assets located abroad. Whether it’s a Swiss bank account, real estate in Mexico, or investments in a foreign corporation, these offshore assets can provide growth and diversification opportunities. However, they also carry substantial reporting responsibilities. Failing to report these assets accurately can lead…