Bloomberg Tax

Opinion: Pro-crypto policy isn’t just about friendlier tax rules and less regulation. Without good data governance, compliance databases can become criminal target lists. news.bloombergtax.com/tax-insights-a…

The Trump administration wants to boost transparency as part of efforts to scrutinize tax-exempt organizations—an area that’s had bipartisan interest—but Democrats aren’t sure they can trust the oversight will be applied fairly. news.bloombergtax.com/daily-tax-repo…

Tax professionals must move from passive reliance to active verification. “Human-in-the-loop” verification will preserve the integrity of the tax system, says a visiting adjunct faculty member at Texas A&M University. news.bloombergtax.com/tax-management…

Opinion: AI can assist with tax drafting and research but is unreliable for tax law as it can invent authority, flatten legal hierarchy, and miss doctrine that depends on purpose, substance, and context, states Texas A&M visiting adjunct faculty member. news.bloombergtax.com/tax-management…

International tax scrutiny is intensifying, with disputes increasingly focused on intangibles, cross-border structures, and the correct characterization of royalties, says Baker McKenzie’s Antonio Weffer. news.bloombergtax.com/tax-management…

Opinion: A federal appeals court sent a case involving Hyatt Hotels' customer rewards program back to US Tax Court, and the final ruling could transform how these programs are structured. news.bloombergtax.com/tax-insights-a…

Connecticut lawmakers have struck a budget deal with Gov. Ned Lamont (D) to sever parts of the state corporate tax code from new federal tax breaks and to simplify the state tax on cannabis. news.bloombergtax.com/daily-tax-repo…

Foreign-owned companies operating in the US want assurance that a new anti-abuse measure in Republicans’ 2025 tax law won’t result in bigger tax bills because of the way it interacts with other parts of the tax code. news.bloombergtax.com/daily-tax-repo…

The Trump administration wants to boost transparency as part of efforts to scrutinize tax-exempt organizations—an area that’s had bipartisan interest—but Democrats aren’t sure they can trust the oversight will be applied fairly. news.bloombergtax.com/daily-tax-repo…

Luxury second homes in New York will have to be taxed at a “significant” amount to generate the $500 million of revenue the city is counting on to help close a gaping budget hole, according to a new study. news.bloombergtax.com/daily-tax-repo…

One of New York’s most iconic department store dynasties is feuding in court over an alleged scheme to hide inherited wealth from taxes—a family dispute revealed due to a whistleblower law operating in only a handful of states. news.bloombergtax.com/daily-tax-repo…

KPMG is shifting away from its work auditing US federal government finances and redeploying staff to other parts of its professional services business. news.bloombergtax.com/financial-acco…

Nike Inc. and Levi Strauss & Co. are among companies grappling with how to record refunds on the Trump administration’s tariffs in their financial reports while uncertainty related to the payments persists. news.bloombergtax.com/financial-acco…

The daughter of a prominent modern artist says the IRS won’t allow her to deduct the value of her father’s sculpture from her taxes and she’s petitioning the agency in US Tax Court to reverse its stance. news.bloombergtax.com/daily-tax-repo…

Opinion: Companies are complying, but also adapting, restructuring, and in some cases sidestepping the spirit of the OECD's global minimum tax. news.bloombergtax.com/daily-tax-repo…

A California couple is challenging the IRS in US Tax Court, saying they are entitled to a deduction after losing nearly a million dollars in a crypto scam. news.bloombergtax.com/daily-tax-repo…

The revised global minimum tax agreement puts EU companies at a competitive disadvantage compared to US firms, a key European parliamentary committee says. news.bloombergtax.com/daily-tax-repo…

The clock is running out on a legislative plan that would ask Illinois voters to approve a 3% tax on annual income above $1 million. news.bloombergtax.com/daily-tax-repo…

President Donald Trump has nominated G. Hunter McMaster II to be assistant Treasury secretary for Financial Markets, though he has been performing the duties of that post since last July. news.bloombergtax.com/daily-tax-repo…

A member of Elon Musk’s Department of Government Efficiency received access to Treasury Department payment data without undertaking the proper security protocols, according to a new watchdog report. news.bloombergtax.com/daily-tax-repo…