Bloomberg Tax

Deloitte UK is planning voluntary job cuts across its audit business as the firm has grappled with low levels of attrition and stagnant revenue. news.bloombergtax.com/financial-acco…

A lot is on the line in Coca-Cola Co.’s big court battle against the IRS. For the company: as much as $20 billion. For the IRS: how much leeway it will have in pursuing multinational companies. news.bloombergtax.com/daily-tax-repo…

Private-sector lawyer Jim Gadwood is being vetted to become IRS Chief Counsel, according to a person familiar with the process. If confirmed, he would be the fourth person in the role since President Donald Trump took office. news.bloombergtax.com/daily-tax-repo…

California would tax cloud-based software for the first time under a bill that cleared its legislature, creating a new source of revenue for the state’s budget. news.bloombergtax.com/daily-tax-repo…

Many mid-sized accounting firms are losing business for lack of staff and turning in part to technology to plug the gaps, according to a new global survey. news.bloombergtax.com/financial-acco…

More than two dozen Republican attorneys general are asking the US Supreme Court to take up a case challenging the constitutionality of the Corporate Transparency Act. news.bloombergtax.com/daily-tax-repo…

A Pennsylvania appellate panel revived a land trust’s bid for property tax exemption after finding the trial court misapplied the state’s test for classifying a public charity. news.bloombergtax.com/daily-tax-repo…

Massachusetts’ top court rejected a proposed ballot initiative that would cut the state’s personal income tax rate over language its judges found potentially confusing to voters. news.bloombergtax.com/daily-tax-repo…

Two trade groups and a law firm are pushing the Multistate Tax Commission to refine its proposed framework governing how states source partnership income across multiple jurisdictions. news.bloombergtax.com/daily-tax-repo…

Opinion: A Florida proposal to cut property taxes would provide meaningful relief to homeowners but could reduce state revenue and flexibility for local governments—and could strain core services. news.bloombergtax.com/tax-insights-a…

Private-sector lawyer Jim Gadwood is being vetted to become IRS Chief Counsel, according to a person familiar with the process. If confirmed, he would be the fourth person in the role since President Donald Trump took office. news.bloombergtax.com/daily-tax-repo…

Arizona Gov. Katie Hobbs (D) signed a budget bill that imposes a three-year moratorium on new sales tax breaks for data centers. news.bloombergtax.com/daily-tax-repo…

Opinion: The UN's current approach to net-income taxing rights over remote and digital services would result in a patchwork of double taxation that inhibits cross-border trade and investment. news.bloombergtax.com/tax-insights-a…

The Trump administration says an upcoming revamp to an IRS policy for nonprofits is meant to increase transparency, though advocates say it could threaten projects the nonprofits help fund. news.bloombergtax.com/daily-tax-repo…

The Michigan Tax Tribunal must reconsider its determination that a senior care retirement center’s cash value was over $29.5 million and take into account the rental restrictions on the property, the state appeals court ruled. news.bloombergtax.com/daily-tax-repo…

SpaceX left out key details about its acquisition of AI startup xAI in its regulatory filing to go public, hindering investors’ ability to make fully informed decisions about the company, a shareholder group told the SEC. news.bloombergtax.com/financial-acco…

Tractor Supply Co. and its affiliates are so closely intertwined that South Carolina can require them to file combined tax returns, a state appeals court ruled Wednesday, upholding a $1.4 million corporate income tax bill. news.bloombergtax.com/daily-tax-repo…

Opinion: New York City’s announcement that it will pursue a property tax overhaul is only the first step in what is likely to be a lengthy and politically contentious process. news.bloombergtax.com/tax-insights-a…

Many mid-sized accounting firms are losing business for lack of staff and turning in part to technology to plug the gaps, according to a new global survey. news.bloombergtax.com/financial-acco…

Revenue features of California’s fiscal 2027 budget won support in the state Assembly, including a new tax on cloud-based software and adjustments to the state’s tax on healthcare providers. news.bloombergtax.com/daily-tax-repo…