Bloomberg Tax

Music producer Jerry “Wonda” Duplessis responded to a back tax lawsuit brought by the US government, denying key aspects of the allegations and claiming the outstanding balance of $1.2 millions has been paid.

Opinion: The UK's tax authority is considering adopting a self-assessment system that makes the UK payer responsible for determining whether double treaty relief applies, a move that would have a positive impact on all parties.

Two Duke Energy Corp. units failed to convince a South Carolina judge that equipment they use to transmit and distribute power to customers is exempt from property taxes.

Ireland’s hourly minimum wage will increase Jan. 1, 2027, the country’s government said in a notice Oct. 23.

The Laramie County Fire Authority is proudly frugal, scouring used-good marketplaces and federal surplus sites for equipment, entrusting maintenance and paint jobs to volunteers, even assembling fire trucks from salvaged parts.

Ernst & Young LLP has the weight of the US markets on its shoulders with the addition of Anthropic PBC to its mix of high-value audit clients.

Noncompliant tax preparers who likely were filing returns using a withholding tax scheme resulted in roughly $740 million in refunds in tax years 2023 and 2024, a watchdog said.

Opinion: The UK's mayors will have a stronger incentive to attract data centers as they retain more business rates. The UK budget should make sure any tax relief rewards projects that can connect, add capacity, and strengthen the country’s infrastructure.

Artificial intelligence is changing how corporations claim research and development tax credits, with new startups and accountancy firms looking to automate a process that has long relied on manual interviews and surveys.

Opinion: Canada’s proposed productivity mega deduction would provide for an immediate deduction of the cost of a broad range of depreciable property, but it's an open question whether it would spur the desired increase in capital investment.

John Wall joined DLA Piper as a partner in its tax practice in Washington, DC, the firm announced Monday.

Elon Musk’s enormous promise to give a SpaceX share to every child in America could vaporize around $2.6 billion in taxes for Musk — but not so much for recipients.

An IRS webpage answers frequently asked questions about its move to suspend penalties for highway use of dyed diesel fuel.

Artificial intelligence is changing how corporations claim research and development tax credits, with new startups and accountancy firms looking to automate a process that has long relied on manual interviews and surveys.

The heirs of a F. W. Woolworth Co. founder succeeded in getting the Delaware Chancery Court to correct an error in their trusts that would have made them subject to estate tax.

A partnership confronted with two conflicting IRS notices shouldn’t have to go to court to determine which one holds legal weight, Spencer West’s Colette Karam writes.

Meta Platforms Inc. is taking no chances that Mark Zuckerberg ends up living far away from the company he co-founded.

EU countries are close to finalizing a plan to more than double tax rates on cigarette sales and add new levies to a range of tobacco-related products like nicotine pouches, despite determined opposition from Sweden.

The Treasury Department proposed rules on new restrictions on large investors buying single-family homes, one of the first moves in the federal government to implement the bipartisan housing package that passed over the summer.

Colorado voters will be able to weigh in on a proposed constitutional amendment establishing a graduated income tax after a state judge tossed a last-minute challenge alleging the initiative had too few valid signatures.

The EU acted within its emergency powers in 2022 to require member countries to impose a temporary levy on excess profits in the fossil-fuel sector, an adviser to the bloc’s top court said.

A panel of Sixth Circuit judges during oral arguments inspected a 90-day filing deadline for taxpayers seeking “innocent spouse relief” in search of a clear grant of jurisdiction for the US Tax Court.

New rules for nature reporting were released for public comment Thursday, with global standard setters asking whether companies should be compelled to report on matters such as biodiversity.

Opinion: Duane Morris tax partner Alan Schwartz shares his thoughts about the tax profession with Bloomberg Tax Insights and Commentary.

Opinion: Assuming that French payroll and mobility rules mirror those in the US can lead to mistake that resurface years later in an audit, when corporate documents are hardest to rebuild, writes French tax lawyer Marc Uzan.

South Carolina appellate rulings upholding tax assessments against Mastercard International Inc. and US Bank NA highlight a nationwide shift toward states focusing on where a company’s market is, even if that’s not how the statute is framed.

The IRS is beefing up its civil and crime unit workforce again after steep losses from Elon Musk’s purge of the federal government.

Violations of US audit standards plunged among mid-tier firms in 2025, narrowing the gap with their largest peers in annual quality reviews the sector’s watchdog posted.

New York City will make a $60 million payment to resolve a class action over the city’s paused program that allowed it to seize tax-delinquent properties and transfer them to nonprofit operators, according to a settlement that got preliminary approval from a federal judge.

Noncompliant tax preparers who likely were filing returns using a withholding tax scheme resulted in roughly $740 million in refunds in tax years 2023 and 2024, a watchdog said.

South Carolina appellate rulings upholding tax assessments against Mastercard International Inc. and US Bank NA highlight a nationwide shift toward states focusing on where a company’s market is, even if that’s not how the statute is framed.

The IRS is beefing up its civil and crime unit workforce again after steep losses from Elon Musk’s purge of the federal government.

A Texas judge is demanding action in Apple Inc.‘s long-running lawsuit for a refund of $4.7 million it paid the state in sales tax for iCloud and iTunes Match services.

Sixth Circuit judges questioned the dismissal of a whistleblower’s bid for $240 million from the IRS, which capped the award at $10 million despite his role to help recover around $1.6 billion.

The US accounting board advanced its short-term project to modify rules for how companies record risk management activities in their financial reports.

A partnership confronted with two conflicting IRS notices shouldn’t have to go to court to determine which one holds legal weight, Spencer West’s Colette Karam writes.

EU countries are close to finalizing a plan to more than double tax rates on cigarette sales and add new levies to a range of tobacco-related products like nicotine pouches, despite determined opposition from Sweden.

A panel of Sixth Circuit judges during oral arguments inspected a 90-day filing deadline for taxpayers seeking “innocent spouse relief” in search of a clear grant of jurisdiction for the US Tax Court.

The Treasury Department on Thursday proposed rules on new restrictions on large investors buying single-family homes, one of the first moves in the federal government to implement the bipartisan housing package that passed over the summer.

Meta Platforms Inc. is taking no chances that Mark Zuckerberg ends up living far away from the company he co-founded.

Opinion: A Senate bill addressing name, image, and likeness issues for student athletes does nothing to address the real tax compliance challenges that comes with earning NIL income.

A cosmetics holding company can’t claim $8.3 million in tax refunds based on a Covid-19-era stimulus package because it submitted amended returns under a defunct related entity’s name, a federal judge ruled.

Chicago Mayor Brandon Johnson’s budget for next year includes a renewed push for a per-employee head tax on businesses and a request to sell millions in bonds to pay down settlements and judgments for past police misconduct.

US Bank NA must pay South Carolina nearly $5 million in bank taxes, interest, and penalties because its mortgage and credit card services for in-state borrowers are performed in the state, a state appeals court panel ruled.

Sixth Circuit judges Wednesday questioned the dismissal of a whistleblower’s bid for $240 million from the IRS, which capped the award at $10 million despite his role to help recover around $1.6 billion.

Mastercard International Inc. can’t escape a corporate income tax bill of more than $6 million after the South Carolina Court of Appeals ruled that its taxable activity is facilitating transactions between merchants and customers in the state.

The Organization for Economic Cooperation and Development will explore new alternatives to taxing the digital economy, moving away from a previously agreed framework, a top tax official said.

Opinion: A Senate bill addressing name, image, and likeness issues for student athletes does nothing to address the real tax compliance challenges that comes with earning NIL income.

Opinion: The threats to a team that has won the Premier League six times in the past decade appear over the top when it has simply been caught using the sort of accounting tricks used routinely by big football clubs.

A House Democrat is proposing that Congress tax large lines of credit that help the nation’s highest earners convert appreciated assets into cash, a tax-the-wealthy policy those on the left have wanted for years.