
Wealthy Americans Speed Donations Ahead of GOP Tax Law Limits
Rich taxpayers are accelerating donations before the new GOP tax law’s charitable contribution restrictions take effect at the start of next year.

Rich taxpayers are accelerating donations before the new GOP tax law’s charitable contribution restrictions take effect at the start of next year.

Estonia and Czechia will accept a renegotiated global minimum tax deal that would carve out US companies from key provisions of the agreement.

New criminal investigations into abusive tax schemes have dropped to a 10-year low as the IRS grapples with the Trump administration’s workforce cuts and shifting priorities.
The US faces a critical choice between leading or following global digital tax transparency standards.
The key areas of focus for tax departments in 2026 are discussed.
The Eighth Circuit’s decision in 3M demonstrates a shift towards textual statutory interpretation, restricting IRS authority to reallocate income across international boundaries.
The IRS has published a private letter ruling on I.R.C. §1400Z and Treas. Reg. §§301.9100 and 1.1400Z2, allowing the taxpayer’s Form 8996 election for self-certification as a qualified opportunity fund ...
The U.S. District Court held that it lacked subject matter jurisdiction over the taxpayer’s claims against the IRS and an IRS agent for trespass and interference with business relationships related ...
The U.S. District Court held that the IRS was entitled to reduce federal tax assessments against the taxpayer to judgment and foreclose federal tax liens on a residential property. The ...
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.
The Trump administration proposed new medical price transparency rules Friday in a bid to strengthen rules released during the president’s first term.
Chicago’s city council on Friday approved a revenue ordinance for 2026 that’s a key component of a roughly $16 billion budget for the third-largest US city.
Ohio Governor Mike DeWine (R) signed a package of five bipartisan property tax reforms Friday that state leaders say will save taxpayers $2 billion over three years amid an outcry over soaring property tax bills.
President
The Sri Lankan Inland Revenue Dec. 17 announced the Dec. 31 deadline to electronically file November 2025 VAT returns. The announcement also includes that: 1) penalties apply for failing to ...
The French Administrative Court of Montreuil Dec. 16 issued Jurisprudence Letter No. 21, clarifying the taxation of interest payments between related companies, as discussed in Decision No. 2209892. The taxpayer, ...
The Israeli Ministry of Finance Dec. 17 posted online, in English and Hebrew, the second protocol to the 1962 DTA with the U.K., signed Sept. 17, 2019. [Israel, Ministry of ...
The Finnish Tax Administration Dec. 15 announced the 2026 withholding tax rates for dividend, investment fund profit share, and royalty payments to nonresidents. The announcement includes: 1) a list of ...
The Mauritian Official Gazette Dec. 6 published Income Tax Ruling No. 288, on withholding obligations for payments to nonresident for remote consulting services. The taxpayer, a Mauritian clearinghouse, entered into ...
The Latvian State Revenue Service Dec. 17 issued updated methodological material on the taxation of royalty income, with changes taking effect Jan. 1, 2026. The updates include: 1) the 780 ...
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