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Bloomberg Tax @tax

Leading source of tax & accounting news #TaxTwitter 📈 ✉️ Newsletter: https://t.co/va6t9e7VtA 🎧 Podcast: https://t.co/BJvNVIbhVn news.bloombergtax.com Arlington, VA Joined February 2013
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Bloomberg Tax @tax

a hour ago

House Ways and Means Republicans released their “tax team” lineups this week as part of a ramp-up to negotiations over the 2025 tax cliff. btaxgo.com/tn2WmET

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Bloomberg Tax @tax

3 hours ago

The IRS’s free electronic filing tool pilot cost $24.6 million, significantly below early estimates, the agency said as it confronts a critical turning point on the future of the program. btaxgo.com/HossrLY

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Bloomberg Tax @tax

5 hours ago

The UK tax office predicted its digital tax roadmap would generate £6.38 billion ($7.97 billion) in tax revenue through 2034, a sizable increase from the £3.9 billion it estimated in June 2023. btaxgo.com/Un6TOYi

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Bloomberg Tax @tax

7 hours ago

Microsoft's $94 million win at California’s Office of Tax Appeals should be declared a precedent for how the state taxes any company with income repatriated from abroad, major business interests told the office. btaxgo.com/i1i9zre

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Bloomberg Tax @tax

9 hours ago

A new “sin tax” is splitting Brazil’s alcoholic beverage industry as beer producers and liquor manufacturers wrangle over how much they should have to pay. btaxgo.com/qbk990h

tax Profile Picture

Bloomberg Tax @tax

11 hours ago

The New York City Finance Department is giving tax professionals two opportunities in May to air criticisms or suggestions about corporate tax changes it’s drafting. btaxgo.com/VVIhl0m

tax Profile Picture

Bloomberg Tax @tax

13 hours ago

Opinion: The EU carbon tax is a significant step in global efforts to address climate change, but it raises questions for developing and emerging economies. btaxgo.com/jRzUgoP

tax Profile Picture

Bloomberg Tax @tax

15 hours ago

The IRS’s free electronic filing tool pilot cost $24.6 million, significantly below early estimates, the agency said as it confronts a critical turning point on the future of the program. btaxgo.com/RAe568P

tax Profile Picture

Bloomberg Tax @tax

17 hours ago

Tennessee lawmakers approved a compromise plan to overhaul the state’s franchise tax and send $1.55 billion back to business taxpayers, resolving significant gaps between House and Senate versions of the controversial tax-cutting plan. btaxgo.com/twX9ntu

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Bloomberg Tax @tax

18 hours ago

The Michigan Supreme Court will hear mini arguments to decide whether to grant a proposed class’s petition challenging East Lansing’s utility fee as an unlawful tax. btaxgo.com/Inb1zXE

tax Profile Picture

Bloomberg Tax @tax

18 hours ago

The partnership behind a 1,500-acre conservation easement donation owes the IRS an accuracy-related penalty for claiming a tax deduction of nearly 10 times more than the contribution’s $4.6 million fair market value, the US Tax Court said. btaxgo.com/G8HrLZd

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Bloomberg Tax @tax

19 hours ago

Exclusive: Some House Ways and Means Republicans urged Treasury Secretary Janet Yellen to give guidance on the potential tax implications of a USTR decision from last year, saying it undermines the US's possible advantage in the global tax deal. btaxgo.com/xXjWTyG

tax Profile Picture

Bloomberg Tax @tax

19 hours ago

A new “sin tax” is splitting Brazil’s alcoholic beverage industry as beer producers and liquor manufacturers wrangle over how much they should have to pay. btaxgo.com/fRPh3BX

tax Profile Picture

Bloomberg Tax @tax

21 hours ago

Business groups are critical of Vietnam’s financial support plan to soften the impact of the global minimum tax on multinationals, saying it’s too vague and narrow in scope, with only large projects able to meet its eligibility conditions. btaxgo.com/lUCzKbk

tax Profile Picture

Bloomberg Tax @tax

23 hours ago

Opinion: Moss Adams' Clay Hodges and Daniel Quintana reviews sports partnerships' tax deduction options, saying partners should be proactive about documentation and record retention. btaxgo.com/mbbOVdO

tax Profile Picture

Bloomberg Tax @tax

a day ago

The partnership behind a conservation easement donation owes the IRS an accuracy-related penalty for claiming a tax deduction of nearly 10 times more than the contribution’s fair market value. btaxgo.com/bYFILTZ

tax Profile Picture

Bloomberg Tax @tax

a day ago

Microsoft's $94 million win at California’s Office of Tax Appeals should be declared a precedent for how the state taxes any company with income repatriated from abroad, major business interests told the office. btaxgo.com/nRy14bl

tax Profile Picture

Bloomberg Tax @tax

a day ago

A bill to ban California cities from giving away a cut of sales tax revenue to attract or keep the warehouses and offices of some of the world’s largest retailers passed the Senate Revenue and Taxation Committee. btaxgo.com/IaA3GKe

tax Profile Picture

Bloomberg Tax @tax

a day ago

Opinion: Dentons’ John Harrington questions the rise of temporary tax provisions. btaxgo.com/rfAqWWO

tax Profile Picture

Bloomberg Tax @tax

a day ago

The US Treasury Department and business groups are at odds with Australia over its taxation of software — and that could prompt higher taxes, higher prices, and maybe even a rethink by US companies over how they’ll do business there. btaxgo.com/uKbQeor

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