An EU-wide windfall tax on fossil fuel companies, similar to the 2022 response to the Russian invasion of Ukraine, would be difficult to replicate for the conflict in the Middle East, a senior European Commission official said Thursday.

Failure to find a multilateral solution on the taxation of the digital economy would make fresh regional or unilateral measures “almost unavoidable,” a senior European Commission official said Thursday.

Higher wealth taxes helped Rachel Reeves deliver the lowest deficit since the Labour government came to power in 2024 threatening a clampdown on Britain’s affluent classes.

The UK collected £944 million ($1.3 billion) in digital services tax from tech companies in 2025-26, official data showed Thursday.

The European Commission’s coming tax simplification package will reduce the administrative burdens on companies that have signed up to the global minimum tax deal, a top official said Thursday.

PricewaterhouseCoopers LLPagreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande Group.

Virginia Democratic lawmakers reconvening for a special session Thursday remain at loggerheads over whether to extend sales tax exemptions for data centers that have proliferated across the state.

A winter trip to help villagers in western Alaska file their annual taxes underscored the importance of pro bono work among tax practitioners.

GOP lawmakers overcame Democrats’ opposition to advance a funding bill to the House floor that proposes cuts to the fiscal 2027 budgets of the IRS, Securities and Exchange Commission, and District of Columbia, while providing a slight increase to the General Services Administration buildings fund.

Tennessee has paid out more than $1.43 billion to thousands of businesses under the state’s one-time franchise tax refund program, a senior Department of Revenue official said Wednesday.

The Virginia Governor signed a law to transfer the regulation of fantasy contests from the Department of Agriculture and Consumer Services to the Virginia Lottery Board, establishing a comprehensive regulatory ...

The Kentucky General Assembly voted to enact a law overriding the Governor’s veto. The law includes: 1) allowing a consolidated local government council to sub-classify real property within an area ...

About $300 billion worth of goods subject to Trump administration tariffs are avoiding the levies annually and reaching the US from Southeast Asia and Mexico, exposing enforcement vulnerabilities just as a review of the North American trade deal is set to begin.

An appeals court’s rejection of Liberty Global Inc.’s attempt to claim a $110 million tax refund stands to give the IRS a freer hand in using a key legal doctrine, business advocates and tax-world observers said.

The Singaporean Inland Revenue Authority April 20 announced that the DTA and protocol with Kenya, signed Sept. 23, 2024, entered into force the same date and takes effect Jan. 1, ...

The United Kingdom HM Revenue and Customs April 20 posted a synthesized text of the 2015 DTA and protocol with Croatia, and the Multilateral Convention to Implement Tax Treaty Related ...

The European Court of Justice (ECJ) March 26 issued Advocate General opinions for Case Nos. C 734/23 P, C 735/23 P, C 736/23 P, C 737/23 P to C 742/23 ...

The French General Directorate of Public Finance April 15 issued an updated administrative doctrine on DTA mutual agreement procedures (MAPs) and advance pricing agreements (APAs). Topics covered include: 1) eligibility ...

A winter trip to help villagers in western Alaska file their annual taxes underscored the importance of pro bono work among tax practitioners.

You want European champions? Try this for size. Deutsche Telekom AG is considering taking full control of T-Mobile US Inc. in a move that could create a $260 billion transatlantic telecoms giant. It’s easy to see why the German suitor wants to go from being T-Mobile’s lead shareholder to its outright owner. The benefits for T-Mobile are less obvious — until you consider its future without a deal.

Accounting firms that want to stay independent while taking on private equity investments risk their client base. Here are five ways independent firms can shore up their focus, operations, and incentives to compete with more heavily funded peers.

An examination of the IRS’s renewed reliance on the commensurate-with-income standard and the resulting implications for transfer pricing disputes, treaty consistency, and taxpayer risk assessment.

Wealth taxes were once common among advanced economies. Nearly all turned against them as costly to administer, easy to avoid and punitive toward investment. Unfortunately, politicians from Copenhagen to California are considering the idea once again.

Alexandra Mitchell joined Holland & Knight as a partner in its tax-exempt organizations and philanthropy practice group in Seattle, the firm announced Tuesday.