Tax Notes

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[Tax Notes @TaxNotes]

Chicago Mayor Brandon Johnson (D) is proposing a yearlong moratorium on new data centers while city leaders finalize a regulatory framework, following the Illinois governor's pause on tax incentives for data centers. https://t.co/WSmjLlkkcj

[Tax Notes @TaxNotes]

A Tennessee court has held a steakhouse owner responsible for the restaurant's unpaid sales taxes, interpreting for the first time the state's responsible person statute. https://t.co/5G7VY9qk2R

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A scheme perpetrated by the guilty parties to get refunds from false business reporting information led to at least $5 million in tax losses, according to the Justice Department. https://t.co/qJ162ORXva

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The IRS proved it mailed a deficiency notice even without a dated copy or a complete certified-mail form, the Tax Court held. https://t.co/4vSvEru32Q

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The valuation of an elderly couple's property will not be reduced despite the claim that their home was devalued by individuals with alleged criminal pasts living in a recreational vehicle next to the property, the Massachusetts Appellate Tax Board found. https://t.co/QHKBV2vQDN

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New York is suing another prediction market giant — Polymarket — to register and pay gambling taxes to the state. https://t.co/8yQRTUZULs

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Higher federal revenues that could be generated by increasing the tax rates applicable to Canada’s top earners would be substantially offset by the tax strategies of the ultrarich, a new budget watchdog report says. https://t.co/RbNqVTEKeC

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Spain is pushing to ensure that EU data protection rules and the administrative cooperation directive (DAC) recast both recognize the necessity of exchanging tax data with non-EU countries on public interest grounds. https://t.co/sVcjTI1zV6

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A bipartisan group of lawmakers are aiming to revitalize the U.S. film and television industry with a new federal tax incentive. https://t.co/1rfjL39q0V

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Senate taxwriters advanced President Trump’s nominees for the top lawyer at the IRS and for a Tax Court vacancy, despite concerns from Democrats about potential conflicts of interest for one of the candidates. https://t.co/JBVHdqdYLH

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NEW: Tax Notes reporters Tyrah Burris and @EmilyHoll9 discuss their investigation into the IRS's longtime efforts to update its aging technology and the uncertain future of the modernization plans.

🎧 Listen wherever you get your podcasts: https://t.co/unukn4PeAC

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The Tax Court should follow the Second Circuit’s Soroban opinion — and reject the Fifth Circuit’s revised opinion in Sirius — in a limited partner case brought by billionaire hedge fund manager Steve Cohen, the IRS asserted in a new filing. https://t.co/6lyofaOQal

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"Can the president use IEEPA to suspend a statutory tariff exemption?" @nanaama_sarfo asks. "For the U.S. Court of International Trade, the answer is yes." https://t.co/b9Nrp6aRCN

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The top House taxwriter is asking Treasury to open an investigation into tax-exempt organizations with alleged links to the Chinese Communist Party (CCP) over campaigns against data centers in the United States. https://t.co/BNj8wQDmIf

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Residual profit share payments Exxon Mobil Corp. made to Qatar in connection with their natural gas development partnership were guaranteed payments that don’t carry a distributive share of partnership expenses, a federal court has determined. https://t.co/M9a5oj9lNR

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A former IRS commissioner has joined forces with the largest professional organization of CPAs to start a dialogue about self-regulating the use of artificial intelligence by tax professionals. https://t.co/Ytjkzr6RTK

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A quartet of Senate Democrats wrote to Treasury and the IRS voicing concern over an internal memo indicating that the IRS will no longer provide advanced annual leave and advanced sick leave to employees. https://t.co/i0gmlnIh1u

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The Oregon Tax Court has denied a taxpayer's challenge to the valuation of an airplane hangar unit he purchased. https://t.co/n00ucYjHoG

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Maine’s gradual conformity with some of the costlier provisions of the One Big Beautiful Bill Act saved the state millions in the long run, according to a Maine Revenue Services official. https://t.co/tHPZljP5a5

[Tax Notes @TaxNotes]

Ahead of the Netherlands parliament's debate of the Dutch draft implementing the OECD side-by-side package, two academics raised competitive, legal, and political concerns regarding the package's tax effectiveness and advantages granted to U.S. firms. https://t.co/napeltK5O2