Daily Tax Report: State
View and Filter All Stories

Latest Stories

WEEKEND INSIGHTS: IRS on PPP-Paid Expenses and Trade Under Biden

This holiday weekend roundup of Bloomberg Tax Insights looks at the IRS’s unhelpful PPP loan guidance, trade and tax policy under a Biden administration; the best time to claim Social Security benefits; the Spanish digital services tax, and foreign direct investment in Vietnam.

TAX VIRUS BRIEFING: New York, California Face Tough Choices

States and nations grapple with budget and tax challenges as second waves of coronavirus infections prompt more lockdowns. Discussion of any new federal virus aid goes silent during the Thanksgiving break. Catch up on the ways the coronavirus outbreak continues to change the world.

Congress Seeks Review of Sales Tax Burdens on Small Business

The Week in Wayfair: A federal examination of tax compliance burdens placed on sellers and marketplace facilitators by the Supreme Court’s Wayfair ruling; the incoming director of the Federation of Tax Administrators promised to work on strategies that harmonize tax rules across state boundaries; and Chicago may discuss options for a “package delivery tax.”

Illinois Plans to Borrow $2 Billion From Fed: Pritzker

Illinois plans to borrow an additional $2 billion from the Federal Reserve, tapping the central bank’s municipal lending program for the second time, Governor J.B. Pritzker said during a press conference on Wednesday.

View More

Up Next