Bloomberg Tax

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✉️ Newsletter: Podcast:

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South Africa and Nigeria Drive AI-Enabled Transfer Pricing Audits https://t.co/LyrWCY5eyn

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The Ohio Supreme Court will hear arguments Tuesday over whether a test for determining the taxability of multi-part service transactions can be broadly applied—a question worth nearly $2 million to one Fiserv Inc. subsidiary. https://t.co/gDdBtm3YRS

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Liberty Global is asking for the entire Tenth Circuit to rehear its $110 million tax refund appeal, arguing that a panel decision against the telecommunications company will cause broad confusion for taxpayers. https://t.co/mPvnHizWEx

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Immigration and Customs Enforcement didn’t meet safeguard standards before it signed an agreement to get more IRS information on immigrants, a watchdog found. https://t.co/gdj08hu508

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Opinion: Madison Square Garden, the home of the New York Knicks, produced one of the most important decisions on New York City's commercial real estate tax that resonates today. https://t.co/NsRK9QNqfZ

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The US map of pass-through entity tax regimes has changed a lot over the last year, with two states launching programs for the first time and six others extending their statutory sunset dates. https://t.co/osFUabVUtr

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KPMG’s UK arm has told staff that they can no longer finish early on Fridays over the summer, in a reversal of a Covid-era policy, according to a spokesperson. https://t.co/1zIL6yPVph

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The IRS has the power to reclassify more than a dozen positions making them easier to fire after President Donald Trump signed a new executive order in his bid to shrink the federal government. https://t.co/t2400ZEdA8

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A House panel with jurisdiction over tax policy is readying legislation to address the taxation of cryptocurrencies for release as early as Friday, before a hearing early next week. https://t.co/aiNnedUCcm

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Corporate details about private credit are important to investors looking to understand risks related to lending by institutions other than banks, an SEC accounting official said. https://t.co/KfHGj5z6fS

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States have been competing to attract AI data centers, offering tax breaks to companies like Meta, Amazon, and Google. Now Georgia is at the center of a growing debate over whether those incentives are still worth the cost. https://t.co/rfxByG5wuf

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Countries should abandon digital services taxes and pursue a multilateral approach to the digital economy or risk US-led trade or tax retaliation, according to a bipartisan House resolution. https://t.co/mlVYj17RBW

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The Trump administration’s order allowing the IRS to reclassify more than a dozen positions making them easier to fire includes some of the most influential positions at the embattled agency. https://t.co/8kJBOst2wa

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Florida lawmakers have approved a stripped-down version of a proposal from Gov. Ron DeSantis (R) to slash property taxes, removing local school districts from the plan. https://t.co/pK2kpmuMJn

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Companies should work to meet an upcoming deadline to break down for investors major costs affecting their income, even as some have called for a delay, the US accounting board’s leader said. https://t.co/LMemjLEBSK

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A trust that benefits a noncharitable entities during its term then commits the remainder to charity owes New Jersey gross income tax on distributions. https://t.co/aHApIGg1pF

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KPMG Australia’s chief operating officer has become the latest top executive of the firm to be penalized over misconduct allegations as Australian state governments review their multi-million dollar contracts with the accounting and consulting giant. https://t.co/JQxUwiVoZ8

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The Australian Tax Office needs additional tools to discourage transfer pricing by tech companies hoping to avoid paying for local news content, the country’s commercial television broadcasters say. https://t.co/JsTYsnAARl

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Florida lawmakers are convening Monday in Tallahassee to consider placing a question on the November ballot that would have voters decide whether to phase out property taxes for most primary residences in the state. https://t.co/DNhDS882Af

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Opinion: Martin Fiore, EY Americas vice-chair of tax, shares his thoughts about the tax profession with Bloomberg Tax Insights and Commentary. https://t.co/LMUrHtod0Q