Bloomberg Tax
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3M Co. is no longer on the hook for a long-disputed tax bill, the US Tax Court said in accordance with an Eighth Circuit transfer pricing ruling.
Tax Court Formally Wipes Out 3M’s Transfer Pricing Tax Bill
3M Co. is no longer on the hook for a long-disputed tax bill, the US Tax Court said Tuesday in accordance with an Eighth Circuit transfer pricing ruling.
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A California lawmaker has abandoned a legislative push intended to soften the blow of property tax assessments for the solar industry set to return in 2027.
California Lawmaker Withdraws Solar Property Tax Legislation
A California lawmaker has abandoned a legislative push intended to soften the blow of property tax assessments for the solar industry set to return in 2027.
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Charles Littlejohn, a former IRS contractor and Booz Allen Hamilton Inc. employee who orchestrated an unprecedented leak of wealthy taxpayers’ information, asked a federal district court to toss two claims Sen. Rick Scott (R-Fla.) raised in ensuing litigation.
Rick Scott’s Claims in Tax Leak Suit Contested by Littlejohn
Charles Littlejohn, a former IRS contractor and Booz Allen Hamilton Inc. employee who orchestrated an unprecedented leak of wealthy taxpayers’ information, asked a federal district court to toss two claims Sen. Rick Scott (R-Fla.) raised in ensuing litigation.
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The Trump administration’s proposed rules meant to limit undocumented immigrant workers from benefiting from certain tax credits are one step closer to being released.
Trump’s Immigrant Tax Credit Rule Clears White House Review
The Trump administration’s proposed rules meant to limit undocumented immigrant workers from benefiting from certain tax credits are one step closer to being released.
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Missouri voters overwhelmingly rejected a ballot measure that would have launched the state down a five-year path to eliminate its personal income tax and expand its ability to impose sales levies on new goods and services.
Missouri Voters Reject Ballot Measure to Phase Out Income Taxes
Missouri voters overwhelmingly rejected a ballot measure that would have launched the state down a five-year path to eliminate its personal income tax and expand its ability to impose sales levies on new goods and services.
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Kern County calls itself the “energy capital” of California. A major oil-producing hub, it also supplies more than half of the state’s renewable energy by way of thousands of wind turbines and sprawling solar farms that dot its desert and drought-afflicted farmland.
California Ignites Rift Over Solar Industry Property Tax Revenue
Kern County calls itself the “energy capital” of California. A major oil-producing hub, it also supplies more than half of the state’s renewable energy by way of thousands of wind turbines and sprawling solar farms that dot its desert and drought-afflicted farmland.
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A ballot initiative putting property tax cuts up for Florida voter approval is misleading and must be rewritten, a state circuit court ruled.
Florida AG Must Tweak Property Tax Initiative, Court Says (2)
A ballot initiative putting property tax cuts up for Florida voter approval is misleading and must be rewritten, a state circuit court ruled.
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A missed election on a US tax return under §865 can strand Indian capital gains taxes as unusable foreign tax credits, resulting in double taxation on share sales of Indian subsidiaries, EY’s Alaukik Singh writes.
IRS Letter Ruling Offers Lessons for MNEs with Indian Operations
A missed election on a US tax return under §865 can strand Indian capital gains taxes as unusable foreign tax credits, resulting in double taxation on share sales of Indian subsidiaries, EY’s Alaukik Singh writes.
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Opinion: Tax advisers to cannabis producers should help them claim research and experimentation credits, while also educating them about the hurdles and risks involved.
Cannabis Rescheduling’s R&E Credit Opportunities Have Obstacles
Opinion: Tax advisers to cannabis producers should help them claim research and experimentation credits, while also educating them about the hurdles and risks involved.
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A panel of federal appeals court judges indicated they don’t think a lower court was right to dismiss a tax lawsuit from a group of Texas homeowners who say Austin’s 2019 annexation of their homes was improper.
Judges Open to Texas Homeowners’ Challenge of Austin’s Tax Power
A panel of federal appeals court judges indicated they don’t think a lower court was right to dismiss a tax lawsuit from a group of Texas homeowners who say Austin’s 2019 annexation of their homes was improper.
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Despite opposition from California Gov. Gavin Newsom and the two candidates running to replace him, the state’s Democratic Party is backing a high-profile ballot proposal to create a billionaire tax.
California Democrats Break With Newsom to Back Billionaire Tax
Despite opposition from California Gov. Gavin Newsom (D) and the two candidates running to replace him, the state’s Democratic Party is backing a high-profile ballot proposal to create a billionaire tax.
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Countries negotiating a new United Nations-sponsored tax agreement exposed an early divide between developed and developing countries over the best way to rewrite international tax rules.
UN Debate Exposes Split Over OECD’s Place in Proposed Tax Treaty
Countries negotiating a new United Nations-sponsored tax agreement clashed on Monday, exposing an early divide between developed and developing countries over the best way to rewrite international tax rules.
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Opinion: New York City's first pied-à-terre tax is a sound progressive idea, but the city should make the first two years a transparent implementation period to prevent an opaque or overinclusive rollout.
New York City’s Second-Home Tax Is Good Policy With a Data Issue
Opinion: New York City's first pied-à-terre tax is a sound progressive idea, but the city should make the first two years a transparent implementation period to prevent an opaque or overinclusive rollout.
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Missouri voters will decide Tuesday whether to eliminate the state’s personal income tax and embark down a path that would ripple through its budget for years to come.
Missouri Voters Weigh Income Tax’s End in White House-Backed Bid
Missouri voters will decide Tuesday whether to eliminate the state’s personal income tax and embark down a path that would ripple through its budget for years to come.
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Holdout Republican senators are backing a deal with acting Attorney General Todd Blanche to formally rescind an order creating an “anti-weaponization fund,” likely paving the way for Blanche’s confirmation as the nation’s top law enforcement officer.
Blanche Strikes Deal With GOP Holdouts to Advance His Nomination
Holdout Republican senators are backing a deal with acting Attorney General Todd Blanche to formally rescind an order creating an “anti-weaponization fund” that could have paid $1.8 billion to President Donald Trump’s allies, likely paving the way for Blanche’s confirmation as the nation’s top law enforcement officer.
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A Florida voter referendum that would slash residential property taxes faces mounting opposition from diverse groups and only tepid support from its original champion: Gov. Ron DeSantis (R).
DeSantis Quiet as Florida Property Tax Cut Opposition Organizes
A Florida voter referendum that would slash residential property taxes faces mounting opposition from diverse groups and only tepid support from its original champion: Gov. Ron DeSantis (R).
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Opinion: With importers of record facing new customs rules in December, foreign sellers must start planning for the changes now to turn a potential tax problem into a tax opportunity.
Trump Order Targeting Importers Creates Tax Planning Scramble
Opinion: With importers of record facing new customs rules in December, foreign sellers must start planning for the changes now to turn a potential tax problem into a tax opportunity.
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Opinion: The Public Company Accounting Oversight Board needs to develop clear standards that respond to the threats posed and the opportunities created by AI.
It’s Time for the US Audit Board to Set Corporate AI Standards
Opinion: The Public Company Accounting Oversight Board needs to develop clear standards that respond to the threats posed and the opportunities created by AI.
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Negotiations for a United Nations tax agreement that resume Monday in New York could set a new high-water mark for a decades-long effort to rewire the global system of bilateral tax treaties.
Key UN Tax Session to Reshape Scope of Bilateral Treaties
Negotiations for a United Nations tax agreement that resume Monday in New York could set a new high-water mark for a decades-long effort to rewire the global system of bilateral tax treaties.
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New York City is giving property owners an extra month to apply for an exemption from the new pied-à-terre tax following criticism from elected officials and tax attorneys over the program’s implementation.
NYC Extends Pied-à-Terre Tax Exemption Deadline After Backlash
New York City is giving property owners an extra month to apply for an exemption from the new pied-à-terre tax following criticism from elected officials and tax attorneys over the program’s implementation.
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A Florida voter referendum that would slash residential property taxes faces mounting opposition from diverse groups and only tepid support from its original champion: Gov. Ron DeSantis (R).
DeSantis Quiet as Florida Property Tax Cut Opposition Organizes
A Florida voter referendum that would slash residential property taxes faces mounting opposition from diverse groups and only tepid support from its original champion: Gov. Ron DeSantis (R).
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A Boston resident isn’t eligible for a residential property tax exemption on his condominium because he owns the home through his single-member company, a state appeals court ruled.
Appeals Court Reverses Boston Homeowner’s Property Tax Exemption
A Boston resident isn’t eligible for a residential property tax exemption on his condominium because he owns the home through his single-member company, a state appeals court ruled Wednesday.
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Grant Thornton’s $5 billion deal to acquire rival CBIZ is a sign of the times for mid-tier accounting firms.
Grant Thornton, CBIZ Merger Raises Bar in Battle Over Mid-Market
Grant Thornton’s $5 billion deal to acquire rival CBIZ is a sign of the times for mid-tier accounting firms.
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Microsoft Corp. saved $4.3 billion in taxes during its most recent fiscal year by having a large chunk of its worldwide profits in Ireland, according to the company.
Microsoft’s Irish Profits Save Company $4.3 Billion in Taxes
Microsoft Corp. saved $4.3 billion in taxes during its most recent fiscal year by having a large chunk of its worldwide profits in Ireland, according to the company.
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Opinion: As states confront growing electricity demand and public scrutiny of large-scale digital infrastructure, Virginia's new data center tax deserves close attention — not because it’s finished, but because it demonstrates a more coherent direction.
Virginia Data Center Tax Needs Work, But Lays a Good Foundation
Opinion: As states confront growing electricity demand and public scrutiny of large-scale digital infrastructure, Virginia's new data center tax deserves close attention — not because it’s finished, but because it demonstrates a more coherent direction.
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Opinion: If enacted, the Disclosure of Tax Havens and Offshoring Act would impose substantial compliance burdens and increase reputational and business risks for multinationals.
Public Country-by-Country Reporting Bill Is a Compliance Warning
Opinion: If enacted, the Disclosure of Tax Havens and Offshoring Act would impose substantial compliance burdens and increase reputational and business risks for multinationals.
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The corporate book-income tax was supposed to get tough on big companies seen as not paying enough in taxes. Critics say regulatory moves have made it largely toothless.
Weaker Minimum Book Tax Rules Save Meta, Qualcomm Billions
The corporate book-income tax was supposed to get tough on big companies seen as not paying enough in taxes. Critics say regulatory moves have made it largely toothless.
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Skechers USA is a shoe manufacturer subject to less favorable Massachusetts corporate excise tax treatment than a shoe designer, a state appeals court ruled.
Skechers Denied Favorable Excise Tax Treatment in Massachusetts
Skechers USA Inc. is a shoe manufacturer subject to less favorable Massachusetts corporate excise tax treatment than a shoe designer, a state appeals court ruled Thursday.
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Senate Finance Committee Republicans killed an amendment to a tax administration package that would have blocked President Donald Trump‘s audit immunity deal if the legislation were to become law.
Republicans Reject Amendment to Block Trump Audit Immunity Deal
Senate Finance Committee Republicans killed an amendment to a tax administration package that would have blocked President Donald Trump‘s audit immunity deal if the legislation were to become law.
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FedEx and the federal government presented dueling interpretations of interlocking tax provisions governing foreign tax credits, prompting one appellate judge to compare the case to a landmark US Supreme Court ruling on the reach of the Clean Water Act.
‘Convoluted’ Tax Law Vexes Panel Over FedEx Foreign Earnings (1)
FedEx Corp. and the federal government presented dueling interpretations of interlocking tax provisions governing foreign tax credits, prompting one appellate judge to compare the case to a landmark US Supreme Court ruling on the reach of the Clean Water Act.
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