Tax Notes

Opinion: Edmund McMahon examines New York’s “tax the rich” movement, which has culminated in record-high rates and a heavy dependence on millionaires for revenue, fueling spending growth but creating fiscal volatility and economic competitiveness concerns. taxnotes.co/4uGJnfp

Perspective: @nanaama_sarfo discusses the upcoming potential renewal of the WTO e-commerce moratorium, and how the debate has expanded as some countries call for increased research into the moratorium's effects on the digital economy. taxnotes.co/3PqipIF

"You may find that these high tariffs that you like so much prove to be enormously unpopular, like most regressive taxes are unpopular," @jthorndike said. "And so at the end of the day, it can revive interest in progressive alternatives." Read more: taxnotes.co/4bzf1Tj

Perspective: Tax Notes State senior editor Doug Sheppard interviews Susan Courson-Smith, who recently retired as senior director of state and local tax at Pfizer. taxnotes.co/4lFDzia

Perspective: Eli Dubin examines a quirk of the section 382(l)(5) attribution rules that could cause a right of first refusal or preemptive right to disqualify a restructuring under that section. taxnotes.co/47cJOE6

Perspective: Michael Plowgian, Alistair Pepper, Prita Subramanian, and Michael Timmerman explore the taxation of artificial intelligence under existing rules and highlight challenges with two alternative proposals. taxnotes.co/3PMldzT

Perspective: Artur Olszewski explores the difficulty of applying digital services taxes as the digital marketplace becomes more sophisticated through hybrid structures and layered services. taxnotes.co/4sQua9R

Perspective: Rudiger Urbahns explains the relationship between the OECD model convention commentary and ongoing statutory interpretation conducted by German tax courts. taxnotes.co/4lBIj8o

In this #TaxHistory perspective, @jthorndike argues that the movement of both the Republican and the Democratic parties toward implementing an income tax paid by fewer Americans is a bad idea. taxnotes.co/4sRLOKh

Perspective: Billy Hamilton examines incentives for sports stadiums, finding that the subsidies, like business incentives generally, have become ingrained in business planning and are taken almost as a given. taxnotes.co/4ute7At

Perspective: Amanda de Oliveira Valdo explains the importance of the Vale case as a harbinger of whether Brazil will opt for a treaty-oriented approach or reaffirm the primacy of domestic law over foreign profits. taxnotes.co/4rwesPV

Perspective: Abbie Therrow, Dennis St. Martin, Monica Bambury, and Kevin Benton examine the circular economy and how it aligns with section 41 research credit criteria. taxnotes.co/40wcp3B

After postponing the vote twice, the European Parliament’s Committee on International Trade (INTA) is ready to resume the adoption process for the EU-U.S. trade deal while calling for several additional safeguards. taxnotes.co/4lDDDia

The Michigan Department of Treasury has released formal guidance for the state’s new wholesale marijuana tax, outlining how it will be calculated and administered as businesses begin making quarterly payments this year. taxnotes.co/47cjcTG

A new law enforcement initiative between the IRS Criminal Investigation division and the FBI will scrutinize tax-exempt organizations for connections to domestic terrorism. taxnotes.co/3PkObXz

As @jthorndike sees it, "nobody likes somebody else failing to pay their taxes." Robert Goulder and Joseph Thorndike explore tax collection throughout U.S. history, from tariffs to tax returns, and how the past has shaped Americans’ perception of tax. 👇 youtu.be/PoaLDNSGuII?si…

Bob is worth a listen — always!

A Michigan trial court lacked subject matter jurisdiction to hear a taxpayer’s challenge against the renewal of a special assessment district in the city of Detroit, the state appeals court has held. taxnotes.co/4rEDI6J

The Massachusetts House has advanced legislation that would phase in conformity with the expanded federal deductions under the One Big Beautiful Bill Act, but it would end some of those deductions if voters approve an income tax cut ballot initiative. taxnotes.co/4lDeJzc

As retailers and consumers call for refunds of President Trump’s illegal International Emergency Economic Powers Act tariffs, the issue of related state sales tax refunds is being brought into the conversation. taxnotes.com/tax-notes-toda…