


US Seeks to Join Cruise Lines in Hawaii Environmental Tax Suit
The US government asked to intervene in a federal court dispute over a Hawaii environmental tax on cruise ships, arguing the levy infringes national law.
US Chamber Is Trying to Get Its Mojo Back in Trump’s Second Term
The US Chamber of Commerce’s head of government affairs is in the thick of K Street’s version of Mission Impossible: recharging the influence of Washington’s biggest business lobby.
Practitioner Insights
View More InsightsBloomberg Tax Journals
View MoreHow Will Generative AI Affect Value Chains and Transfer Pricing?
As GenAI continues to evolve, companies should monitor potential changes in their business models and value chains to understand the impact on existing transfer pricing structures and policies.
South African Tax Rules Murky on Debt, Preference Share Funding
Technical analysis of South Africa’s evolving tax treatment of debt and preference share funding instruments is presented with a focus on the March 2025 Tax Court ruling on raising fees and 2025 Tax Laws Amendment Bill relating to hybrid equity instruments.
How Does OBBBA Affect Canada-US Individuals Tax Comparisons?
Individual tax laws in Canada and America are compared.
Tax Developments
View MoreCase: U.S. Tax Court Upholds IRS Penalties on Microcaptive Insurance Scheme
The U.S. Tax Court held that the taxpayers were liable for accuracy-related penalties related to their microcaptive insurance arrangements, affirming the IRS’s penalty determinations. Taxpayers, a married couple including a ...
Case: U.S. Tax Court Upholds Separate Carryback Elections for Tax Losses (T.C. Memo)
The U.S. Tax Court held that the taxpayer was permitted to relinquish the carryback period for its standard net operating loss while retaining the 10-year carryback for its specified liability ...
Case: Court Grants IRS’s Motion to Dismiss, Finds Taxpayer Not Entitled to Refund
The U.S. District Court for the Southern District of California issued a decision dismissing taxpayer’s 2014 and 2015 refund claim for lack subject matter jurisdiction. Taxpayer filed a lawsuit seeking ...
PODCASTS
Companies Face Tariff-Induced Transfer Pricing Audit Risks
Enrolled Agents Anticipate IRS Chaos for Next Tax Filing Season
Congressional Deadline on Shutdown Deal Adds to IRS Challenges
IP Poses Risks, Opportunities for Companies' Tariff Planning
IRS Shakeup: How Is the US Tax Agency Adapting to Trump's Vision?
Since President Donald Trump took office, the IRS has faced transformative changes, including a substantial reduction in its workforce and the appointment of seven different commissioners or acting commissioners.
Latest Stories
Developing Nations Oppose Inclusion of Arbitration in UN Treaty
Developed and developing countries were divided Tuesday on whether a new United Nations tax treaty should include arbitration as a potential tool to resolve tax disputes.
States Face Downstream Tax Losses From IRS Enforcement Cuts
State and local governments could lose out on billions of dollars in tax revenue as a result of deep cuts to the IRS enforcement budget and mass departures of agency officials, a tax policy researcher told state administrators Tuesday.
Senate Republican Presses IRS on Tax Treatment of Crypto Staking
Senator
Ohio Men Fail to Escape Illegal Gambling, Tax Fraud Convictions
The primary owners and operators of two illegal gambling businesses in Ohio and an associated tax-evasion scheme failed to overturn their convictions and sentences on appeal.
FROM ACROSS BLOOMBERG TAX
- Daily Tax Report International
- Daily Tax Report State
- Transfer Pricing Report
- The Exchange: Tax Insights & Commentary
Uruguay Tax Agency Posts Consultation Clarifying Tax Treatment of Reimbursed Retirement Fund Contributions Following Dissolution
The Uruguayan General Directorate of Taxation Nov. 14 posted Consultation No. 6744, clarifying the tax treatment of reimbursed contributions following a retirement fund’s dissolution. The taxpayer, a medical professional, was ...
Philippines Senate Considers Bill for One-Month Individual Income Tax Holiday on Compensation Income
The Philippine Senate Oct. 7 accepted for consideration Senate Bill No. 1446, to grant a one-time, one-month individual income tax holiday for taxpayers earning compensation income. The bill includes measures ...
France Administrative Court of Appeal Clarifies Deductibility of Mileage Allowances, Luxury Car Rental Expenses
The French Administrative Court of Appeal of Nancy Nov. 13 issued Decision No. 23NC03832, clarifying the deductibility of mileage allowances and luxury car rental expenses. The taxpayer, a perfume packaging ...
France Administrative Supreme Court Issues Decision Clarifying Taxation of Mileage Allowances
The French Administrative Supreme Court Nov. 14 issued Decision No. 497065, clarifying the taxation of mileage allowances. The taxpayers consisted of a company, the sole shareholder and manager of the ...
France Administrative Court of Appeal of Nancy Clarifies Taxation of Unpaid Rent Between Related Parties
The French Administrative Court of Appeal of Nancy Nov. 13 issued Decision No. 23NC01249, clarifying the tax treatment of unpaid rent between related parties. The taxpayers, partners in a real ...
Philippines Senate Considers Bill to Abolish Current VAT System
The Philippine Senate Oct. 9 accepted for consideration Bill No. 1450, to abolish the current VAT system and introduce a simplified VAT regime. The bill includes measures to repeal: 1) ...
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