Illinois Taxes on Ads, Social Media Meet First Legal ChallengesIllinois’s new taxes on social media and targeted advertising are preempted by federal law and violate the US Constitution, tech industry trade association NetChoice told a state trial court in a pair of complaints filed Friday.Bloomberg Tax News27d agoWhole story →TechnologyCultureillinois ad tax lawsuit
Trump ‘Loyalty Question’ for Applicants Paused by Federal JudgeA federal judge blocked the Trump administration’s use of a question for federal job applicants that critics said amounted to a test of their political beliefs.Bloomberg Tax News27d agoWhole story →GovernmentJusticefederal hiring policy ruling
StubHub’s $8.5 Million Tax Bill Left Alone by Wisconsin JusticesThe ticket reseller StubHub Inc. is liable for nearly $8.5 million in unpaid Wisconsin sales taxes after the state Supreme Court refused to consider its petition for review.Bloomberg Tax News27d agoWhole story →GovernmentEconomywisconsin sales tax ruling
Countries Want Stock Tax Deferral Axed From EU Company Law BillNineteen EU countries are pushing back against a provision in a bill on regulating companies across the bloc that would limit their governments’ ability to tax corporate stock options as part of a bid to support startups.Bloomberg Tax News27d agoWhole story →Economyeu company law bill debate
Russia Sanctions Bill Scheduled for a House Vote Next Week (1)A Russia sanctions bill overwhelmingly passed by the US Senate last month will receive a vote in the House next week, a person familiar with the plans said.Bloomberg Tax News27d agoWhole story →SecurityEconomyrussia sanctions bill vote
Woman Must Pay Late Ex-Husband’s Foreign Bank Account PenaltiesA New York woman must pay tax penalties out of her late ex-husband’s estate because he failed to report to the IRS hundreds of thousands of dollars he had deposited in foreign bank accounts, a federal court ruled.Bloomberg Tax News27d agoWhole story →SecurityEconomyforeign bank account ruling
House Tax Writers to Release Hollywood Tax Credit Bill: BGOV TaxNews with a congressional focus, including legislation, nominees, and executive actionBloomberg Tax News27d agoWhole story →GovernmentEconomyhollywood tax credit bill
Revised Minimum Tax Deal Needs Another Look, EU Lawmakers SayEuropean Union lawmakers are calling on the OECD and the European Commission to evaluate the revised minimum tax deal, warning that the bloc must ensure its tax system remains competitive as it pursues international reforms.Bloomberg Tax News27d agoWhole story →Economyglobal minimum tax debate
Film Tax Credit Idea Backed by Trump Spurs Bipartisan House BillHouse tax writers plan to drop a bill next week that would introduce a federal film and television tax incentive after President Donald Trump publicly called for such a measure last month.Bloomberg Tax News27d agoWhole story →EconomyCommercefilm tax credit bill introduction
