Uniformity, Internet Freedom to Dominate 2026 State Tax Cases

Significant litigation wins in 2025 are likely to embolden taxpayers to expand their use of certain challenges to state tax laws in the coming year.

Student Loan Forgiveness Poses Looming Tax Dilemma for States

States face a tough choice in the year ahead: pile onto US tax bills looming for thousands of student loan borrowers whose debts are forgiven under an income-driven repayment plan, or forgo much-needed revenue.

NYC Aims to Open More Child Care Centers With Bigger Tax Break

New York City lawmakers hope more landlords will make space for day cares and early education centers in their buildings after boosting a tax credit for expanding enrollment.

Millionaire Tax Plans Spread as Washington Eyes New Levy

When Washington Governor Bob Ferguson proposed the state’s first income tax in modern history, he said the word “affordability” five times.

Mamdani Digs In on Progressive Agenda at NYC Mayor Inauguration

Zohran Mamdani promised to lead New York City as a democratic socialist during a frigid inauguration ceremony on the steps of City Hall, a warning to those who believed he might moderate his positions after taking office.

Tax Developments

View More

South Dakota DOR Publishes Updated Sales, Use Tax Guide

The South Dakota Department of Revenue (DOR) issued a Sales and Use Tax Guide providing information on various tax obligations for businesses. Key updates include guidance on taxes for remote ...

Mississippi AG Clarifies Tax Exemption Dates for Religious Property Acquisitions

The Mississippi Attorney General’s Office (AG) provided an opinion regarding the effective date of tax exemption under Section 27-31-1(d) and its implications. The opinion addressed when property owned by religious ...

North Carolina DOR Implements New Excise Tax on Ground Transportation Services

The North Carolina Department of Revenue (DOR) published its Transportation Commerce Tax Bulletin, announcing implementation of a new excise tax on for-hire ground transportation services. The bulletin includes: 1) outlining ...

Latest Stories

How Transfer Pricing Offers a Fix for Student Athletes (Rerun)

We’re off for the New Year holiday, so we’re serving up an encore presentation of a Talking Tax podcast about challenges with paying student athletes. University of Kentucky professor Stephen Lusch talks with reporter Caleb Harshberger about how transfer pricing and tax law concepts can show whether the deals are done at reasonable prices that really reflect the value the student brings.

FROM ACROSS BLOOMBERG TAX

CryptoDaily Tax Report ®Daily Tax Report InternationalFinancial Accounting
  • Crypto
  • Daily Tax Report ®
  • Daily Tax Report International
  • Financial Accounting

Bridgewater, D.E. Shaw Among Top Hedge Fund Gainers of 2025 (3)

Bridgewater Associates’ flagship money pool posted record gains, while D.E. Shaw & Co.’s strategies soared as much as 28% to rank among the biggest hedge fund winners of 2025 when tariff-fueled market uncertainty presented a fertile hunting ground for traders.

Schwarzman, OpenAI’s Brockman Boost $102 Million Trump War Chest

President Donald Trump’s super political action committee raised $102 million in the second half of 2025, fueled by eight-figure donations from artificial intelligence, cryptocurrency and finance industry figures, a tally that aims to boost Republicans’ efforts to retain control of Congress in crucial elections this year.

EXPLORE BLOOMBERG TAX

Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: