Daily Tax Report ®

Tax Court’s Shutdown-Related Trial Cancellations Add to Backlog

Shutdown’s 17th Day Marks Longest Government-Wide Funding Lapse

Ireland Mulls Tax Options to Stay Competitive in Global Economy (Podcast)

Ireland has presented a frugal budget for 2026 in the face of uncertainties caused by President Donald Trump’s tariff and tax policies. In this episode of Talking Tax, Bloomberg Tax reporter Ryan Hogg discusses some options the government is considering, including an increase in the R&D tax credit.

Baker Tilly Cuts 210 Workers Following Merger With Moss Adams

Chicago Mayor Revives Corporate Tax Once Dubbed ‘Job Killer’

California Appeals Judge Skeptical of LA ‘Mansion Tax’ Challenge

Political Tinge to Trump Shutdown Job Cuts Strengthens New Suit

Hunter Biden Lawyer Wins Defamation Case Against IRS Agents

A federal judge threw out a defamation lawsuit filed by two IRS agents against Hunter Biden’s attorney, finding that the lawyer’s statements were constitutionally protected opinions.

Practitioner Insights

View More Insights

Starting a Tax Firm Is Easy Now. Here’s How to Make It Thrive

Michaele Esdale

Fintuition Advising

Executive Branch Power Grows as Loper Bright Order Fades: Werfel

Danny Werfel

Taking the Taxman to Court Is Complicated by Government Shutdown

Guinevere Moore

Moore Tax Law Group

Bloomberg Tax Journals

CJEU Ruling Changes VAT Treatment of Transfer Pricing Adjustments

A recent CJEU ruling provides welcome guidance to companies regarding transfer pricing adjustments and their VAT implications.

Do Tax Rules Still Favor Charity Over Social Welfare Donations?

OBBBA reduces the income tax benefit of claiming a charitable deduction, prompting donors to reconsider tax implications when deciding between making a nondeductible contribution to a social welfare “lobbying” organization or a deductible contribution to a “charity” organization.

Are Companies’ Remote Workers Creating Permanent Establishments?

Cross-border telework present employers with heightened risks and require careful handling to avoid unintended tax consequences related to permanent establishment.

Tax Developments

Case: Notice of Deficiency Timely Issued (T.C. Memo) (IRC §6229)

The U.S. Tax Court granted partial summary judgment to the IRS holding that the IRS’s issuance of affected items notices of deficiency for tax years 2000, 2001, and 2003 was ...

IRS Rev. Rul.: Applicable Federal Rates for November 2025 (IRC §1274)

The IRS issued a revenue ruling providing various prescribed rates for federal income tax purposes for November, including Applicable Federal Rates (AFR) and adjusted AFRs. [Rev. Rul. 2025-21, 2025-42 I.R.B. ...

Case: Supervisory Approval for Substantial Underpayment Penalty Properly Secured (T.C.) (IRC §6751)

The United State Tax Court concluded that the Commissioner of Internal Revenue had demonstrated compliance with I.R.C. §6751(b)(1) in approving a 20 percent substantial underpayment penalty, granting the Commissioner’s motion ...

PODCASTS

View All 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

Treasury, HHS Say Shutdown Layoffs Pause Doesn’t Apply to Them

The departments of Treasury and Health and Human Services asserted their terminations of thousands of employees last week during the ongoing government shutdown aren’t barred by a federal judge’s restraining order.

By Isaiah Poritz

Federal Workers File Most Jobless Claims Since Last Shutdown

US federal workers filed the most applications for unemployment benefits since the last government shutdown, according to the latest Labor Department data.

Trump Says Threatened Tariffs on China ‘Not Sustainable’

President Donald Trump said high threatened tariffs with China were not viable as tensions between the world’s two largest economies intensify ahead of an expected face-to-face meeting with Chinese counterpart Xi Jinping.

Rachel Reeves Hints She’ll Boost UK’s Fiscal Buffer at Budget

Rachel Reeves gave her clearest signal yet that she will boost her wafer-thin fiscal buffer when she delivers the UK’s annual budget next month.

FROM ACROSS BLOOMBERG TAX

Daily Tax Report International

Daily Tax Report State

Transfer Pricing Report

The Exchange: Tax Insights & Commentary

Daily Tax Report International
Daily Tax Report State
Transfer Pricing Report
The Exchange: Tax Insights & Commentary

Canada Gazettes Consolidated Text of Income Tax Act

The Canadian Official Gazette Oct. 15 published Act No. R.S.C., 1985, c. 1, on the consolidated text of the Income Tax Act, current as of Sept. 29. [Canada, Government Legal ...

Czech Republic Approves Signing of DTA, Protocol With Oman

The Czech Government Oct. 15 approved the signing of the DTA and protocol with Oman. [Czech Republic, Government Portal, 10/15/25]

Czech Republic Gazettes Text of DTA With Cameroon in Czech, English

The Czech Official Gazette Oct. 15 published the text, in Czech and English, of the DTA with Cameroon, signed Feb. 7, 2023, which entered into force July 7, 2025. [Czech ...

Canada Gazettes Consolidated Text of Income Tax Application Rules

The Canadian Official Gazette Oct. 15 published Act No. R.S.C., 1985, c. 2, on the consolidated text of the Income Tax Application Rules, current as of Sept. 29. [Canada, Government ...

Canada Gazettes Consolidated Text of Income Tax Regulations

The Canadian Official Gazette Oct. 15 published Regulation No. C.R.C., c. 945, on the consolidated text of the Income Tax Regulations, current as of Sept. 29. [Canada, Government Legal Database, ...

Pakistan Tax Agency Issues Circular Further Extending 2025 Individual Income Tax Return Filing Deadline

The Pakistani Federal Board of Revenue Oct. 15 issued Circular No. 05 of 2025-26, further extending to Oct. 31 from Oct. 15 the filing deadline for 2025 individual income tax ...

Arizona DOR Publishes October 2025 TPT Newsletter

The Arizona Department of Revenue (DOR) published the October 2025 Transaction Privilege Tax (TPT) Newsletter, announcing the launch of the 2026 TPT License Renewal season, the renewal process, and fees. ...

California Provides 2025 Winter Fires Property Tax Relief

The California Governor signed a law concerning the winter fires of 2025. The law includes: 1) extending the deadline to 24 months for taxpayers to file a claim for disaster ...

New Yorkers Face Likely Tax Hikes (Video)

Several lawmakers say higher taxes are inevitable as New York braces for billions in federal cuts to health and food aid. Bloomberg’s Martin Braun discussed the story on “Bloomberg Markets” with Scarlet Fu.

Tennessee SBOE Sustains Taxpayer’s Appeal, Grants Full Property Tax Exemption

The Tennessee State Board of Equalization (SBOE) issued a decision granting taxpayer’s property tax exemption appeal against the Hamilton County Assessor’s Office for tax year 2024. The dispute centered around ...

California Provides for Adaptive Reuse Investment Incentive Funds

The California Governor signed the Office to Housing Conversion Act. The law includes: 1) exempting adaptive reuse projects from all impact fees that are not reasonably related to the impacts ...

NJ Town Can’t Use Yeshiva Refund to Redeem Tax Sale Certificate

The township of Lakewood is barred from using a property tax refund to offset a tax sale certificate that was invalid because the property was exempt, a New Jersey tribunal held Friday.

Austria Floats Amendments to Its Global Minimum Tax Rules

The Austrian Federal Ministry of Finance is seeking feedback on proposed amendments to national rules implementing a global minimum tax for large corporate groups.

Pre-Set Sector Pricing Idea for India: Transfer Pricing Report

Hello and welcome to the Transfer Pricing Report. I’m Caleb Harshberger, and this week practitioners in India weigh in on a government think tank’s pitch to simplify how multinationals figure out profit allocation from activities in the country and avoid lengthy court battles over permanent establishments.

UN Begins New Phase of Helping Developing Countries Raise Taxes

The United Nations committee for helping developing nations boost tax revenue will decide next week whether wealth taxes, critical minerals, or transfer pricing will figure among the priorities in its new four-year term.

Singapore Ties to Multibillion Dollar Scam Case in Spotlight (3)

The alleged head of a Cambodian criminal ring and his associates set up a family office in Singapore that claimed to receive tax breaks, while also building relationships with firms backed by state investor Temasek Holdings Pte and spending millions on properties in the city-state.

Kyrgyzstan, Japan Initial DTA

The Kyrgyzstan Ministry of Economy and Commerce Oct. 14 announced the Oct. 9 initialing of a DTA with Japan. [Kyrgyzstan, Ministry of Economy and Commerce, 10/14/25]

India Think Tank’s Simpler-Tax Proposal Might Fall Far Short

An Indian government think tank’s proposal to simplify how foreign companies allocate taxable profits from their activities in India could reduce tax disputes, but might not make companies’ life much easier.

Alston & Bird Adds Goldman Sachs Tax Leader as New York Partner

Chaim Stern joined Alston & Bird as a partner in its federal and international tax group in New York, the firm announced Friday.

How the K-Shaped Recovery Went Pear-Shaped: John Authers

To get John Authers’ newsletter delivered directly to your inbox, sign up here.

The Era of the Illiquid Millionaire Is Here: Allison Schrager

Being a millionaire isn’t what it used to be. This isn’t a lament, it’s a fact: As Bloomberg News reported last week, almost one-fifth of US households have a net worth of more than $1 million. Fully one-third of them have gained that status since 2017.