Mastercard Case Tees Up Wider Taxation of Credit Card Companies

The South Carolina Court of Appeals will hear arguments Wednesday in a case about how to determine what portion of Mastercard International Inc.'s business is taxable in the state that could give other revenue departments the leash they need to go after credit card companies more aggressively.

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

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AI Reshapes Employer Group Health Plans for Fiduciaries—Pt 1

ERISA fiduciaries should understand AI’s promise, risks, and rapidly evolving compliance challenges for employer-sponsored group health plans, states SBMA’s Alden Bianchi in the first of his three-part article.

How AI Powers China’s Golden Tax System, Audits, Transfer Pricing

Dr. Glenn DeSouza of Dentons discusses how as fiscal pressures rise and Golden Tax IV rolls out, China is intensifying tax enforcement, placing MNEs under greater scrutiny on transfer pricing, beneficial ownership status, High and New Technology Enterprise status, and R&D super deduction claims.

Transfer Pricing, Treaty Benefits Reshaped by OECD’s Tax Update

The OECD has handed tax authorities a robust, treaty-sanctioned framework to attack excessive debt financing, meaning corporate tax directors must ensure every intercompany financial transaction is backed by rigorous analyses, says STI Taxand’s Christos Theophilou.

Tax Developments

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IRS Issues Proposed Regulations on Dyed Fuel Refund Claims

The IRS issued proposed regulations providing guidance on how taxpayers can claim payments (refunds) for previously taxed dyed diesel fuel and kerosene under I.R.C. §6435. The rules clarify eligibility and ...

U.S. District Court Dismisses Motion to Quash IRS Bank Summons for Collection Activities

The U.S. District Court for the Northern District of Ohio dismissed the taxpayer’s motion to quash an IRS summons, issued to a bank, due to lack of jurisdiction because the ...

IRS Publishes Treasury Decision Treating Tribal Fishing Rights Income as Qualified Plan Compensation

The IRS published a Treasury Decision on final regulations clarifying that amounts paid to Indian tribe members as remuneration for services performed in fishing rights-related activities may be treated as ...

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.

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Italy’s Top Court Looks at Economics in GE Transfer Pricing Case

The Italian Supreme Court’s decisions in the GE Medical Systems Italia cases are a reminder that agreeing on a transfer pricing method is only the first step—what courts are increasingly looking at is the quality of the benchmark used to apply it, Reptune Tax’s David Zarecky says.

Germans Making €300,000 Are in the Tax Spotlight: Chris Bryant

After six years of economic stagnation, Germany’s politicians are slowly waking up to the need for comprehensive reform. Unfortunately, the country’s polarized politics and extreme wealth inequality makes agreeing on radical measures to delay retirement and curb welfare spending acutely difficult.

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