Bloomberg Tax

Increasing acrimony against the Trump administration over its trade, defense, and tax policies will make it difficult for countries to agree on how to tax big tech companies. news.bloombergtax.com/daily-tax-repo…

The first winner of “Survivor” owes nearly $3.3 million plus interest for federal income tax liabilities for 2000, 2001, and 2012, a federal court said in a final judgment order. news.bloombergtax.com/daily-tax-repo…

Interviews with more than a dozen tax professionals offer a clear takeaway: This is the year AI has come for tax prep. The problem, according to tax pros, is that the chatbots keep messing up. news.bloombergtax.com/daily-tax-repo…

The Australian Taxation Office says its loss in a yearslong tax dispute with PepsiCo Inc. will have limited ramifications for future enforcement efforts and regulatory interpretations because of the unique facts of the case. news.bloombergtax.com/daily-tax-repo…

The South Carolina Supreme Court’s ruling upholding Amazon Services LLC’s multi-million dollar sales tax obligations has the potential to empower other courts to reinterpret older tax laws to fit modern business models, taxpayer advocates warn. news.bloombergtax.com/daily-tax-repo…

KPMG’s new global leader has a track record boosting fees and stewarding mergers among the Big Four accounting and advisory network’s smallest affiliates—experience that will serve the firm as AI threatens to shake up its business model. news.bloombergtax.com/financial-acco…

Kimmel, ‘The Pitt’ Get California Tax Credit as Program Expands news.bloombergtax.com/daily-tax-repo…

States are struggling to make up for revenue gaps in the wake of federal cuts and President Donald Trump’s tax-and-spending law. news.bloombergtax.com/daily-tax-repo…

The IRS is evaluating possible changes to its research and development tax credit reporting form to reduce administrative burden, an agency official said. news.bloombergtax.com/daily-tax-repo…

The boss of the body that sets international financial reporting standards called on the European Union to boost funding for its work as a budget crunch forces it to scale back. news.bloombergtax.com/financial-acco…

Opinion: The looming administrative problems caused for the IRS this year by cryptoasset transactions could be resolved by targeted, bipartisan crypto tax reform to reduce unnecessary and burdensome reporting requirements. news.bloombergtax.com/tax-insights-a…

Opinion: The real story of President Donald Trump's $10 billion lawsuit against the IRS is that the law protecting taxpayers’ most sensitive financial information is nearly worthless. news.bloombergtax.com/tax-insights-a…

Interviews with more than a dozen tax professionals offer a clear takeaway: This is the year AI has come for tax prep. The problem, according to tax pros, is that the chatbots keep messing up. news.bloombergtax.com/daily-tax-repo…

The first winner of “Survivor” owes nearly $3.3 million plus interest for federal income tax liabilities for 2000, 2001, and 2012, a federal court said in a final judgment order Tuesday. news.bloombergtax.com/daily-tax-repo…

Amazon Services LLC is responsible for South Carolina sales tax obligations potentially topping $150 million for a three-year period, the state high court affirmed Wednesday. news.bloombergtax.com/daily-tax-repo…

KPMG confirms the appointment of Gary Wingrove as its new global chair and chief executive officer, according to a statement on Wednesday. news.bloombergtax.com/financial-acco…

IRS CEO Frank Bisignano will remain in his newly-created role for the long haul, a Treasury tax official said. news.bloombergtax.com/daily-tax-repo…

The UK tax authority’s new digital tax return regime will mainly target business customers in the construction and real estate sectors during its first rollout this year. news.bloombergtax.com/daily-tax-repo…

The IRS has no plan on how to reduce a taxpayer correspondence backlog, which could lead to less timely future taxpayer services, a new government watchdog report said. news.bloombergtax.com/daily-tax-repo…

Changes in the tax law signed by President Donald Trump last year are estimated to cost charities billions of dollars annually, according to a new study by Indiana University’s Lilly Family School of Philanthropy. news.bloombergtax.com/daily-tax-repo…