


House GOP Spending Bill Floats Cuts to IRS, SEC Funding
House Republicans floated annual funding cuts to the IRS and the District of Columbia, but called for a slight increase to the General Services Administration buildings fund as part of a measure that will likely face stiff opposition from Democrats.

Corporate Tax Disclosures Let Investors Peer Into the Black Box (Podcast)
Investors are getting a lot more information about an area that’s been a mystery in the past: What goes into companies’ tax bills.
PODCASTS
Corporate Tax Disclosures Let Investors Peer Into the Black Box
Accounting Firms Navigate Compensation as AI Tools Upend Work
IRS Pivots to Fill Holes in Tax Filing Season After DOGE Cuts
How Tax Administration Reforms Could Pass Congress This Year
Columns + Commentary
Danny Werfel By All AccountsPentagon Anthropic Deadlock Demands Thorough Checks on AI Use
Andrew Leahey Technically SpeakingGeorgia Gas Tax Holiday Is Affordability Theater That Delays Harm
Andrew Leahey Technically SpeakingMamdani’s NY Estate Tax Exemption Should Target Dynastic Wealth
Danny Werfel By All AccountsTrump’s IRS Lawsuit Offers Lessons on Privacy and Legal Process
Practitioner Insights
View More Insights
Bloomberg Tax Journals
View MorePuerto Rico’s Act 60: When Are Pre-Move Bitcoin Gains Taxed?
An analysis of whether Bitcoin, and other cryptocurrencies owned prior to relocating to Puerto Rico constitutes “tainted property,” and the significant implications for Act 60 residents whose capital gains may remain subject to US tax.
Australia PepsiCo Case Raises Royalty Questions for South Africa
In light of the PepsiCo tax case in Australia, the South African Revenue Service may argue that certain payments made under a supply or distribution agreement are royalties subject to withholding tax.
Increased Advance Pricing Agreement Demand Puts Pressure on APMA
APAs remain increasingly valuable for managing transfer pricing risk despite APMA resource constraints.
Tax Developments
View MoreU.S. District Court Vacates IRS Listed Transaction Rule for Micro-Captive Insurance Arrangements
The U.S. District Court for the Southern District of Texas partially granted summary judgment to taxpayers challenging IRS disclosure regulations for micro-captive insurance transactions, vacating the agency’s designation of certain ...
U.S. District Court Authorizes Qualified Settlement Fund to File Returns, Pay Taxes
The U.S. District Court for the Southern District of Ohio granted the taxpayer’s motion authorizing the administrator of a court-established qualified settlement fund (QSF) to file federal and state tax ...
IRS Issues SIFL Rates for 2026 Aircraft Fringe Benefits
The IRS has issued revenue ruling providing the terminal charge and Standard Industry Fare Level (SIFL) mileage rates for valuing noncommercial flights on employer-provided aircraft under I.R.C. §61 and Treas. ...
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
Australia Warned Over Retrospective Tax on Foreign Asset Sales
An Australian government plan to impose a retrospective tax on some foreign-owned asset sales would deter overseas investment and damage the nation’s reputation, opposition conservatives warned Thursday.
China Steps Up Outreach to Italy During Trump’s Rift With Meloni
Chinese Foreign Minister
Trump Says Mamdani ‘Destroying’ NY as Mayor Vows Tax Hikes
President
Arby’s, Taco Bueno Sale Proceeds Not Subject to Arkansas Tax
US Beef Corp. will keep its $1.27 million corporate income tax refund after the Arkansas Supreme Court ruled in a split decision Thursday that disposing of its Arby’s and Taco Bueno franchises wasn’t a part of its regular business.
FROM ACROSS BLOOMBERG TAX
- Daily Tax Report International
- Daily Tax Report State
- Transfer Pricing Report
- The Exchange: Tax Insights & Commentary
Philippines News Agency Announces Extension of Filing, Payment Deadline for 2025 Annual Income Tax
The Philippine News Agency April 14 announced a deadline extension, to May 15 from April 15, for the filing of 2025 annual income tax returns. The announcement also includes that: ...
Bangladesh Tax Agency Extends Electronic Filing Deadline for March 2026 VAT Returns
The Bangladeshi National Board of Revenue April 15 announced an extension, until April 23, to the electronic filing deadline for March 2026 VAT returns. [Bangladesh, National Board of Revenue, 04/15/26] ...
Moldova Tax Agency Posts April 2026 Tax Calendar
The Moldovan State Tax Service April 14 posted the April 2026 tax calendar. The tax calendar includes deadlines of: 1) April 20, to submit the Q1 2026 report on the ...
Iceland Announces Approval for Temporary Reduction in VAT Rate on Fuel at Pump
The Icelandic Government April 10 announced its same date approval of a temporary reduction, to 11 percent from 24 percent, in the VAT rate on fuel at the pump. The ...
Poland Lower House Considers Bill to Amend VAT Act
The Polish lower house of parliament (Sejm) March 30 accepted for consideration Bill No. 2413, to amend the VAT Act. The bill includes measures to: 1) reduce temporarily, to zero ...
South Korea Assembly Considers Bill to Partially Amend Special Tax Measures Act
The South Korean National Assembly April 8 accepted for consideration Bill No. 2218181, to partially amend the Special Tax Measures Act. The bill includes measures to: 1) extend the special ...
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