IRS Leader Shake-Up Bleeds Criminal, Civil Enforcement Oversight
The line between tax auditors policing mere civil infractions versus serious tax crimes is blurring in the latest reorganization at the top of the IRS.
Daily Tax Report ®
NY Plan to Split From Trump Tax Breaks Would Save $1.4 Billion
Top New York lawmakers are coalescing around legislation to sever the state’s tax code from business tax breaks included in the federal tax law President Donald Trump signed last July, a move state budget officials expect will preserve $1.4 billion in revenue.
US Tax Carve-Out Beats Retaliation, OECD Business Rep Says (Podcast)
In this episode of Talking Tax, Christian Kaeser, global head of tax at Siemens AG, told Bloomberg Tax reporter Ryan Hogg that some of his European counterparts regarded the deal as “lopsided” but welcomed new permanent safe harbors that were created with input from Business at OECD, known as BIAC. Kaeser is co-chair of BIAC’s tax committee.
PODCASTS
OECD Deal Success Hinges on Implementation, Rep. Estes Says
Making Sense of the Global Tax Carve-Out for US Companies
PwC Coaches New Tax Associates on AI Tools in US Training Effort
Tariffs, Big Audits, Roil Transfer Pricing Heading Into New Year
Practitioner Insights
View More Insights
Patrick Marley
Osler
Chad Martin
Eide Bailly
Jack Castonguay
Hofstra University
Bloomberg Tax Journals
View MoreAI Reshapes Software R&D Tax Credits, Eligibility Landscape
AI’s integration into software development challenges traditional R&D tax credit criteria, necessitating new frameworks for eligibility.
From Tax Court to SCOTUS: Cases That May Reshape Tax Law in 2026
Key tax cases in 2026 will address economic substance, limited partnerships’ distributive shares in calculating self-employment tax, and the nondelegation doctrine related to executive authority.
India’s New Tax Act Reshapes the Fiscal Landscape for Businesses
India’s Income Tax Act, 2025, introduces a new era of digital enforcement and enhanced administrative powers and fundamentally reshapes certain long-standing tax principles.
Tax Developments
View MoreIRS Notice: Updated Guidance on Safe Harbor Explanations for Retirement Plan Rollover (IRC §402)
The IRS published updated guidance on safe harbor explanations that retirement plan administrators may use to satisfy the requirement under I.R.C. §402(f) to provide written information to recipients of eligible ...
Case: U.S. Tax Court Finds Payment to Ex-Wife Non-Deductible as Alimony Due to Lack of Termination Clause (T.C. Memo)
The U.S. Tax Court held that the taxpayer’s payment of $50,000 payment to his ex-wife was not deductible as alimony because it did not terminate upon her death as required ...
IRS PLR: Church Integrated Auxiliary Exempt from Form 990 Filing Requirement (I.R.C. §6033)
The IRS has published a private letter ruling on I.R.C. §6033 determining that a taxpayer qualifies as an integrated auxiliary of a church and is exempt from filing Form 990 ...
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
Japan Tweaks Global Minimum Tax Rules to Adopt Revised OECD Deal
The Japanese government on Friday approved changes to its global minimum tax system to implement the OECD’s recently revised agreement.
House Passes Bill to Rescind IRS Operations Funds: BGOV Tax
America’s Booming Solo Workers Embrace $72,000 Tax Shelter
A niche retirement plan favored by freelancers is quickly becoming a hot Wall Street sales pitch, as more and more Americans look for ways to shelter a bigger chunk of their paychecks from taxes.
EU Court Builds Body of Law on Transfer Pricing Adjustments, VAT
A European Court of Justice adviser’s opinion involving the automaker Stellantis adds to a growing body of legal guidance on how value-added tax applies to pricing adjustments between related companies.
FROM ACROSS BLOOMBERG TAX
- Daily Tax Report International
- Daily Tax Report State
- Transfer Pricing Report
- The Exchange: Tax Insights & Commentary
Japan Tweaks Global Minimum Tax Rules to Adopt Revised OECD Deal
The Japanese government on Friday approved changes to its global minimum tax system to implement the OECD’s recently revised agreement.
Godongwana Plays Down Big Tax Changes in South Africa Budget (1)
South African Finance Minister
EU Court Builds Body of Law on Transfer Pricing Adjustments, VAT
A European Court of Justice adviser’s opinion involving the automaker Stellantis adds to a growing body of legal guidance on how value-added tax applies to pricing adjustments between related companies.
AI Reshapes Software R&D Tax Credits, Eligibility Landscape
AI’s integration into software development challenges traditional R&D tax credit criteria, necessitating new frameworks for eligibility.
Canada Should Follow in US’ Footsteps on Pillar Two Carve-Out
Instead of shouldering Pillar Two’s burdens without enjoying material benefits, Canada should design its own side-by-side framework so that Canadian-headed groups can better compete with the US.
Korea Rules Out Tax Break Extension on Owners of Multiple Homes
South Korean government is not considering extending an exemption of heavier capital gains tax for owners of multiple homes, President Lee Jae Myung says on his X account.
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