Australia Tax Board Warns Practitioners on Responsible Use of AI

Australia is providing tax practitioners with guidelines for understanding their statutory obligations to behave ethically when using artificial intelligence tools in their work.

India’s Life Insurance Gets Notice for $654 Million Back Taxes

Life Insurance Corp. of India said it received a notice from the income tax authorities seeking 61.47 billion rupees ($654 million) in past dues and 9.53 billion rupees in interest, according to a filing late Wednesday.

UK Digital Tax Regime to Cost More for Lower-Income Businesses

Lower-income UK businesses will face a higher transitional cost than their higher-earning peers as they seek to comply with new mandatory quarterly digital tax updates, official estimates released Tuesday showed.

Italian Government Collects €29 Billion in Tax Evasion Crackdown

Italy’s efforts to combat tax evasion brought in close to €30 billion ($34.7 billion) in 2025, according to an announcement Wednesday.

EU Tobacco Tax Bill on Track for June Deadline Despite Disputes

EU negotiators remain optimistic on striking a deal that would overhaul the bloc’s tobacco excise rules by June, even as countries remain divided over how much to tax cigarettes and tobacco-related products.

Tax Developments

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Turkey Tax Agency Updates Redetermined Special Consumption Tax Rates for Various Fuel Products

The Turkish Revenue Administration March 23 updated the annex to Decision No. 10995, of redetermined special consumption tax (SCT) rates for specified gasoline, diesel, liquefied petroleum gas (LPG), propane, and ...

Germany MOF Posts Draft Bill to Implement GIR MCAA

The German Ministry of Finance March 20 posted a draft bill to implement the Multilateral Competent Authority Agreement on the Exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIR MCAA), ...

Philippines Court of Tax Appeals Issues Decision Clarifying Validity of Assessments for Alleged Tax Deficiencies

The Philippine Court of Tax Appeals March 19 issued a decision in CTA Case No. 10845, clarifying the validity of assessments for alleged tax deficiencies. The taxpayer, a domestic corporation, ...

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There’s Never Been a Better Time to Play the Tax Shelter Game

Tax shelter promoters, unlike tax preparers, aren’t named on their customers’ tax returns. And whether the tax-cutting strategy they recommend is allowable can be an open question until the IRS weighs in, which can take years, even when the agency is at full strength. Today, headcount at the IRS is down roughly 25% since President Donald Trump returned to the White House.

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