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Education Outlet:Bloomberg Tax News Clear all

158 articles, grouped into stories

IRS Issues Temporary Regulations on Federal Scholarship Tax CreditThe IRS issued temporary regulations under I.R.C. §25F addressing the new nonrefundable federal income tax credit for qualified contributions to scholarship granting organizations (SGOs) beginning in 2027. The regulations establish ...

Bloomberg Tax News12h agoWhole story →

U.S. Appeals Court Rejects Taxpayers’ Challenge to IRS Proof of Tax LiabilitiesThe U.S. Court of Appeals for the Tenth Circuit held that the IRS was not required to produce taxpayers’ 2015 tax return or Form 4340 to establish their federal income ...

Bloomberg Tax News14h agoWhole story →

Hawaii Tax Department Adopts Federal Information Return Reporting ThresholdsThe Hawaii Department of Taxation announced that it will adopt federal information return thresholds under IRC §§ 6041 and 6041A for payments made after Dec. 31, 2025. Persons engaged in ...

Bloomberg Tax News14h agoWhole story →

Brazil Tax Agency Posts FAQs on AdCSLL Rules Under Pillar 2The Brazilian Federal Revenue Office Oct. 2 posted FAQs on the additional social contribution on net income (AdCSLL) in accordance with the updated Global Anti-Base Erosion (GloBE) Model Rules under ...

Bloomberg Tax News15h agoWhole story →

Amazon Beats Tennessee Tax Lawsuit Brought Under Washington LawAmazon.com Services LLC convinced a federal judge in Washington to toss a putative class action alleging that it overcharged certain Tennessee customers for sales tax.

Bloomberg Tax News17h agoWhole story →

Healthcare’s Economic Risk Is Too Big to Ignore: Jonathan LevinConsumer confidence is collapsing, hiring is weak and the housing market is largely frozen. All of which serves to underscore that the US economy is only holding up because of the boom in artificial intelligence and an aging population spending ever more on healthcare. Although the former seems to garner all the attention these days, the latter is…

Bloomberg Tax News22h agoWhole story →

Fed’s Waller Says There Is Some Flexibility on Rate-Hike TimingFederal Reserve Governor Christopher Waller said further interest-rate hikes will likely be needed to slow inflation, though officials have some flexibility on timing and don’t need to tighten at consecutive policy meetings.

Bloomberg Tax News1d agoWhole story →

One-Year Inflation Expectations Reach Three-Year High: NY FedAmericans’ expectations for inflation in the short-term jumped last month while their sentiment toward the labor market improved, according to a Federal Reserve Bank of New York survey released Wednesday.

Bloomberg Tax News2d agoWhole story →

Irish Parliament Warns Government Over Corporate Tax DependenceIreland’s fiscal surplus remains dependent on corporate taxes from a small number of foreign multinationals, lawmakers have cautioned.

Bloomberg Tax News2d agoWhole story →

Economy irish budget announcement

BGOV OnPoint: Crypto Tax Push Sees Late Momentum as Clock TicksA renewed bipartisan effort to streamline tax reporting rules for cryptocurrency users has inched forward on Capitol Hill, but lawmakers’ window for action is tightening with few legislative days left on the calendar.

Bloomberg Tax News2d agoWhole story →

Technology S 5616 HR 10357 crypto tax legislation

South Korea Assembly Considers Bill to Partially Amend Special Tax Measures ActThe South Korean National Assembly Sept. 29 accepted for consideration Bill No. 2221613, to partially amend the Special Tax Measures Act. The bill includes measures to: 1) extend to Dec. ...

Bloomberg Tax News2d agoWhole story →

Economy south korea tax bill consideration

Vance Fraud Panel Raises Data Sharing Issues, Ex-Prosecutor SaysA task force led by Vice President JD Vance that targets federal benefits abuse could run into challenges when it tackles cases involving taxes, a former Justice Department tax attorney said.

Bloomberg Tax News2d agoWhole story →

Government vance fraud panel launch

Chicago Authorities Say Federal Law Permits Social Media TaxChicago’s social media amusement tax isn’t preempted by a federal law protecting electronic commerce from discriminatory taxes because there are no offline services similar to social media, city authorities said in a filing.

Bloomberg Tax News3d agoWhole story →

Economy chicago social media tax lawsuit

Rick Scott, Booz Allen Clash Over Venue in Tax Info Leak DisputeSen. Rick Scott (R-Fla.) encountered objections to keeping his lawsuit over the leak of his confidential tax information by a Booz Allen Hamilton Inc. employee in a Florida federal district court, with the company arguing there’s no connection to the state.

Bloomberg Tax News3d agoWhole story →

Economy scott tax info leak lawsuit

Republicans Use Field Hearing to Tout Tax Bill Ahead of MidtermsRepublicans touted tax perks for small businesses and manufacturing at a field hearing in deep-red Tennessee ahead of the November midterm elections, even as the party faces stiff headwinds over soaring fuel costs and affordability.

Bloomberg Tax News3d agoWhole story →

Economy house ways and means hearing

Inflation Taxation Needs a Fiscally Responsible Fix From CongressProperly taxing capital gains would free up assets for sale that might otherwise remain unsold, including long-held homes and long-held stocks, according to two Akin attorneys and the former global head of tax at Ares Management.

Bloomberg Tax News3d agoWhole story →

Economy capital gains tax reform

Kelly’s AI Tax Bill Struggles to Link Tech With Economic HarmsCongress must decide what aspect of AI activity it wants to measure before it can tax that activity coherently, writes Andrew Leahey in Technically Speaking.

Bloomberg Tax News3d agoWhole story →

Technology ai tax bill proposal

State Law Extends Tax Foreclosure Cases’ Deadline, Judges SayA federal district court wrongly relied on federal law when it dismissed a group of Michiganders’ cases seeking recovery of surplus proceeds a county retained after foreclosing on their homes, the US Court of Appeals for the Sixth Circuit said Monday.

Bloomberg Tax News3d agoWhole story →

Economy tax foreclosure ruling

Kimco Loses California Bid to Pair REIT Dividend Tax BenefitsKimco Realty Corp., a real estate investment trust specializing in shopping centers, can’t use the same intercompany dividends both to reduce its taxable income in California and support a federal tax deduction, a state tax tribunal ruled in an opinion posted Monday.

Bloomberg Tax News4d agoWhole story →

Economy california tax ruling

Judge Seems Likely to Expand Scope of Pandemic-Era Tax ReliefA federal judge indicated during oral arguments Monday he probably will broaden the scope of a ruling from 2025 that called into question billions of tax dollars paid to the IRS during the Covid-19 pandemic.

Bloomberg Tax News4d agoWhole story →

Economy tax relief ruling