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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Pittsburgh Business Times

CNI tax rate reduction is 'a win for everyone,' Pittsburgh business owners, leaders say

Thu, Aug 11, 2022

According to participants in a roundtable discussion hosted on Thursday, a reduction in the CNI tax rate, as well as other factors, will play a role in boosting, attracting and retaining both small and large businesses alike....

PPG CEO joins initiative to advance disability inclusion

Thu, Aug 11, 2022

PPG's Michael McGarry among CEOs participating in initiative to advance disability inclusion....

S&T Bank relocating Cranberry branch

Thu, Aug 11, 2022

Earlier in 2022, S&T Bank moved its Shadyside branch to a new site....

Abridge looks for more health system partnerships after eight-figure funding round

Thu, Aug 11, 2022

It brings the startup's total funding to more than $27 million since its launch in 2018....

PNC pulls plug on more non-sufficient fund fees

Thu, Aug 11, 2022

Pittsburgh bank takes another step in eliminating overdraft fees....

Pirates owner Bob Nutting to acquire Wigle Whiskey

Thu, Aug 11, 2022

Wigle, along with Threadbare Cider, will become part of Pittsburgh Spirits....

Why Ascent Resources moved up some of next year's fracking to this year

Thu, Aug 11, 2022

The move doesn't mean that Ascent will veer from the industry's strategy of so-called maintenance capital....

Peptilogics names 2 to executive ranks

Thu, Aug 11, 2022

Chief strategy officer, chief operating officer named for Pittsburgh-based biotech firm....

Pittsburgh ranks highest in country for housing inadequacy in new research report

Wed, Aug 10, 2022

Pittsburgh stands out on housing inadequacy index for its percentage of homes with severe issues over leaky roofs, water damage and cracked foundations in national survey....

PUC warns about rising electrical rates

Wed, Aug 10, 2022

Says consumers, businesses should make sure that are shopping for the best rate as of Sept. 1....

US Tax News

Tax-News.com: EU To Table A Digital Tax Proposal In October

Wed, Sep 15, 2021

The European Commission has committed to tabling a proposal for a digital tax in October, whether or not an international agreement surfaces from OECD-led talks on new international tax rules for the world's largest firms....

Tax-News.com: Hong Kong Discusses US Termination Of Shipping Tax Pact

Wed, Aug 25, 2021

The Hong Kong Government has said it is looking at potential measures to support the shipping industry following the decision by the US Government to terminate the two territories' agreement that exempted shipping industry income from tax....

Tax-News.com: US Lawmakers Approve New Cryptoassets Reporting Rules

Wed, Aug 25, 2021

The US Senate has approved the inclusion of new provisions in the bipartisan infrastructure bill to require intermediaries involved in cryptocurrency trading to report details about transactions. ...

Tax-News.com: Wyden Takes Aim At US Pass-Through Income Tax Break

Fri, Aug 06, 2021

Senate Finance Committee Chair Ron Wyden (D-OR) has introduced legislation to overhaul the 20 percent deduction for pass-through income introduced into US tax law in 2017. ...

Tax-News.com: US IRS Flags Deadline For Q2 Estimated Tax Payments

Wed, Jun 09, 2021

The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty....

Tax-News.com: Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting

Wed, May 12, 2021

Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evasion....

Tax-News.com: US IRS Reminds Of FBAR Filing Obligation

Thu, Apr 15, 2021

The Internal Revenue Service is reminding US citizens, resident aliens, and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021....

Tax-News.com: US Tax Season Begins

Mon, Feb 22, 2021

The Internal Revenue Service launched tax season for individuals on February 15, 2021, highlighting the various supports available for taxpayers when preparing their returns. ...

Tax-News.com: Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report

Thu, Dec 10, 2020

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. ...

Tax-News.com: BVI Rules Out New Taxes In 2021 Budget

Tue, Nov 17, 2020

The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes. ...