Bloomberg Tax
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Opinion: With EU competitiveness at the top of policymakers' minds, the debate around the value-added tax exemption for financial services is gaining momentum.
EU VAT Exemption For Financial Services Is Back on the Agenda
Opinion: With EU competitiveness at the top of policymakers' minds, the debate around the value-added tax exemption for financial services is gaining momentum.
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New York City property owners will have another week to apply for an exemption from the city’s pied-à-terre tax, the city Department of Finance said.
NYC Extends Deadline to Apply for Pied-à-Terre Tax Exemption
New York City property owners will have another week to apply for an exemption from the city’s pied-à-terre tax, the city Department of Finance said Tuesday.
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Alabama-based businesses with remote workers can now operate with greater confidence after the state’s revenue department distanced itself from a controversial tax tribunal decision.
Alabama Sheds Stigma Around Tax Approach to Remote Workers
Alabama-based businesses with remote workers can now operate with greater confidence after the state’s revenue department distanced itself from a controversial tax tribunal decision implying out-of-state staff could be taxed on their work for in-state employers.
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The EU’s expected move to take Panama off its blacklist of countries with lax tax laws will give the country a boost, but questions linger over whether the recent reforms that swayed the EU will be tough enough to discourage tax avoidance.
New Transparency Law Has Panama Poised to Exit EU Tax Blacklist
The EU’s expected move to take Panama off its blacklist of countries with lax tax laws will give the country a boost, but questions linger over whether the recent reforms that swayed the EU will be tough enough to discourage tax avoidance.
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The minimum wage for work on federal contracts covered under Executive Order 13658 will increase to $14.05 from $13.65 for nontipped employees and to $9.85 from $9.55 for tipped employees effective Jan. 6, 2027, according to a notice from the Department of Labor.
DOL Publishes 2027 Federal Contract Minimum Wage Rates
The minimum wage for work on federal contracts covered under Executive Order 13658 will increase to $14.05 from $13.65 for nontipped employees and to $9.85 from $9.55 for tipped employees effective Jan. 6, 2027, according to a notice from the Department of Labor.
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Oklahoma voters will no longer have the chance to approve a three-year phaseout of property taxes on homesteads after the state’s Supreme Court ruled the initiative unconstitutional.
Oklahoma Justices Strike Proposal to Expand Property Tax Breaks
Oklahoma voters will no longer have the chance to approve a three-year phaseout of property taxes on homesteads after the state’s Supreme Court ruled the initiative unconstitutional.
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Opinion: The IRS needs crystal clear guidance if it's ordered to determine whether nonprofits' diversity efforts amount to racial discrimination — or it may repeat the political fiasco it faced in 2013, former IRS Commissioner Danny Werfel writes.
Don’t Send the IRS Into Political Waters Without a Precise Map
Opinion: The IRS needs crystal clear guidance if it's ordered to determine whether nonprofits' diversity efforts amount to racial discrimination — or it may repeat the political fiasco it faced in 2013, former IRS Commissioner Danny Werfel writes.
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The IRS is reconsidering regulations that dictate how consolidated groups containing both life and nonlife insurance companies file their tax returns.
IRS Working on Life, Nonlife Insurance Group Tax Filing Rules
The IRS is reconsidering regulations that dictate how consolidated groups containing both life and nonlife insurance companies file their tax returns.
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Properly taxing capital gains would free up assets for sale that might otherwise remain unsold, including long-held homes and long-held stocks, according to two Akin attorneys and the former global head of tax at Ares Management.
Inflation Taxation Needs a Fiscally Responsible Fix From Congress
Properly taxing capital gains would free up assets for sale that might otherwise remain unsold, including long-held homes and long-held stocks, according to two Akin attorneys and the former global head of tax at Ares Management.
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A California trial court let stand guidance underpinning lucrative sales tax-sharing agreements certain cities have with major retailers including Apple and Best Buy.
California Tax-Sharing Rule Survives Challenge From Ex-Official
A California trial court let stand guidance underpinning lucrative sales tax-sharing agreements certain cities have with major retailers including Apple and Best Buy.
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Two high-profile tax cases involving Meta Platforms Inc. and medical giant Perrigo Co. are being closely watched by tax practitioners for clarity on a key issue: Can the IRS reach back and change the value of intracompany transactions years after they’re done?
Meta, Perrigo Tax Cases Offer Window on IRS Repricing Authority
Two high-profile tax cases involving Meta Platforms Inc. and medical giant Perrigo Co. are being closely watched by tax practitioners for clarity on a key issue: Can the IRS reach back and change the value of intracompany transactions years after they’re done?
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An IRS employee who’s spoken against promoters selling nonexistent tax credits is suing the sponsor of the credits for defamation.
IRS Employee Sues Sponsor of Dubious Tax Credits for Defamation
An IRS employee who’s spoken against promoters selling nonexistent tax credits is suing the sponsor of the credits for defamation.
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Opinion: The OECD should consider adding examples to its proposed transfer pricing guideline revisions that reflect complex real-world circumstances and carry the analysis from accurate delineation through method selection and application.
OECD Intragroup Services Update Needs Better Real-World Examples
Opinion: The OECD should consider adding examples to its proposed transfer pricing guideline revisions that reflect complex real-world circumstances and carry the analysis from accurate delineation through method selection and application.
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More than two years after a landmark US Supreme Court ruling weakened agencies’ regulatory authority, practitioners are still unclear about how the decision applies to tax cases.
Tax Pros Wrangle With Treasury Rule Authority Post-Loper Bright
More than two years after a landmark US Supreme Court ruling weakened agencies’ regulatory authority, practitioners are still unclear about how the decision applies to tax cases.
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Partners who aren’t residents of California don’t generate income taxable by the state when they sell partnership interest attributable to unrealized receivables and inventory, the California Office of Tax Appeals ruled in an opinion posted Monday.
Tax Panel Rules for Tory Burch Co-Founder on Partnership’s Sales
Partners who aren’t residents of California don’t generate income taxable by the state when they sell partnership interest attributable to unrealized receivables and inventory, the California Office of Tax Appeals ruled in an opinion posted Monday.
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A federal judge in Florida granted Sen. Rick Scott’s request to file an amended complaint dismissing repeat claims made against Booz Allen Hamilton Inc. and its employee Charles Littlejohn in an effort to maintain jurisdiction in Florida.
Judge Grants Rick Scott’s Bid to Amend Claims Against Booz Allen
A federal judge in Florida granted Sen. Rick Scott’s request to file an amended complaint dismissing repeat claims made against Booz Allen Hamilton Inc. and its employee Charles Littlejohn in an effort to maintain jurisdiction in Florida.
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EY touted strong 4.7% global revenue growth for fiscal 2026, bolstered by increasing demand for its artificial intelligence services.
EY’s Global Revenue Rises 4.7% as AI Service Demand Swells
EY on Thursday touted strong 4.7% global revenue growth for fiscal 2026, bolstered by increasing demand for its artificial intelligence services.
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KPMG Australia said Friday that it would continue to strengthen outside oversight after members of Parliament roasted the firm for its handling of a whistleblower who alleged leaders used confidential client data to win business.
KPMG Australia Boosts Outside Scrutiny, Forms ‘Integrity Office’
KPMG Australia said Friday that it would continue to strengthen outside oversight after members of Parliament roasted the firm for its handling of a whistleblower who alleged leaders used confidential client data to win business.
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A federal judge in Florida granted Sen. Rick Scott’s request to file an amended complaint dismissing repeat claims made against Booz Allen Hamilton Inc. and its employee Charles Littlejohn in an effort to maintain jurisdiction in Florida.
Judge Grants Rick Scott’s Bid to Amend Claims Against Booz Allen
A federal judge in Florida granted Sen. Rick Scott’s request to file an amended complaint dismissing repeat claims made against Booz Allen Hamilton Inc. and its employee Charles Littlejohn in an effort to maintain jurisdiction in Florida.
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An IRS employee who’s spoken against promoters selling nonexistent tax credits is suing the sponsor of the credits for defamation.
IRS Employee Sues Sponsor of Dubious Tax Credits for Defamation
An IRS employee who’s spoken against promoters selling nonexistent tax credits is suing the sponsor of the credits for defamation.
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The minimum wage for work on federal contracts covered under Executive Order 13658 will increase to $14.05 from $13.65 for nontipped employees and to $9.85 from $9.55 for tipped employees effective Jan. 6, 2027, according to a notice from the Department of Labor.
DOL Publishes 2027 Federal Contract Minimum Wage Rates
The minimum wage for work on federal contracts covered under Executive Order 13658 will increase to $14.05 from $13.65 for nontipped employees and to $9.85 from $9.55 for tipped employees effective Jan. 6, 2027, according to a notice from the Department of Labor.
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Alabama-based businesses with remote workers can now operate with greater confidence after the state’s revenue department distanced itself from a controversial tax tribunal decision.
Alabama Sheds Stigma Around Tax Approach to Remote Workers
Alabama-based businesses with remote workers can now operate with greater confidence after the state’s revenue department distanced itself from a controversial tax tribunal decision implying out-of-state staff could be taxed on their work for in-state employers.
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Amazon convinced a federal judge in Washington to toss a putative class action alleging that it overcharged certain Tennessee customers for sales tax.
Amazon Beats Tennessee Tax Lawsuit Brought Under Washington Law
Amazon.com Services LLC convinced a federal judge in Washington to toss a putative class action alleging that it overcharged certain Tennessee customers for sales tax.
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The EU’s expected move to take Panama off its blacklist of countries with lax tax laws will give the country a boost, but questions linger over whether the recent reforms that swayed the EU will be tough enough to discourage tax avoidance.
New Transparency Law Has Panama Poised to Exit EU Tax Blacklist
The EU’s expected move to take Panama off its blacklist of countries with lax tax laws will give the country a boost, but questions linger over whether the recent reforms that swayed the EU will be tough enough to discourage tax avoidance.
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EY touted strong 4.7% global revenue growth for fiscal 2026, bolstered by increasing demand for its artificial intelligence services.
EY’s Global Revenue Rises 4.7% as AI Service Demand Swells
EY on Thursday touted strong 4.7% global revenue growth for fiscal 2026, bolstered by increasing demand for its artificial intelligence services.
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A federal judge in Florida granted Sen. Rick Scott’s request to file an amended complaint dismissing repeat claims made against Booz Allen Hamilton Inc. and its employee Charles Littlejohn in an effort to maintain jurisdiction in Florida.
Judge Grants Rick Scott’s Bid to Amend Claims Against Booz Allen
A federal judge in Florida granted Sen. Rick Scott’s request to file an amended complaint dismissing repeat claims made against Booz Allen Hamilton Inc. and its employee Charles Littlejohn in an effort to maintain jurisdiction in Florida.
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Opinion: The OECD should consider adding examples to its proposed transfer pricing guideline revisions that reflect complex real-world circumstances and carry the analysis from accurate delineation through method selection and application.
OECD Intragroup Services Update Needs Better Real-World Examples
Opinion: The OECD should consider adding examples to its proposed transfer pricing guideline revisions that reflect complex real-world circumstances and carry the analysis from accurate delineation through method selection and application.
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Opinion: The IRS needs crystal clear guidance if it's ordered to determine whether nonprofits' diversity efforts amount to racial discrimination — or it may repeat the political fiasco it faced in 2013, former IRS Commissioner Danny Werfel writes.
Don’t Send the IRS Into Political Waters Without a Precise Map
Opinion: The IRS needs crystal clear guidance if it's ordered to determine whether nonprofits' diversity efforts amount to racial discrimination — or it may repeat the political fiasco it faced in 2013, former IRS Commissioner Danny Werfel writes.
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Alabama-based businesses with remote workers can now operate with greater confidence after the state’s revenue department distanced itself from a controversial tax tribunal decision.
Alabama Sheds Stigma Around Tax Approach to Remote Workers
Alabama-based businesses with remote workers can now operate with greater confidence after the state’s revenue department distanced itself from a controversial tax tribunal decision implying out-of-state staff could be taxed on their work for in-state employers.
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A task force led by Vice President JD Vance that targets federal benefits abuse could run into challenges when it tackles cases involving taxes, a former Justice Department tax attorney said.
Vance Fraud Panel Raises Data Sharing Issues, Ex-Prosecutor Says
A task force led by Vice President JD Vance that targets federal benefits abuse could run into challenges when it tackles cases involving taxes, a former Justice Department tax attorney said.
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