This week, our experts covered ways to make the Internal Revenue Code more equitable, the OECD’s additional transfer pricing guidance on Amount B, and more. For a look at the latest commentary and analysis, check out our weekly roundup.

<-bsp-bb-link state="{"bbHref":"bbg://screens/COUN%20FR%20RISK","_id":"00000190-4733-d497-a7fb-ef3fdf170000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">France’s leftist alliance would raise the top marginal income tax rate to 90% if it were to take over the government following legislative elections that run through July 7.

A new minimum wage for California health care workers will be delayed until at least Oct. 15 under an agreement between state legislators and Democratic Gov. Gavin Newsom.

An Indian tax panel will begin talks on rate rationalization under the Goods and Services Tax beginning August, Federal Finance Minister <-bsp-person state="{"_id":"00000190-4737-d497-a7fb-ef3fdcab0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Nirmala Sitharaman said Saturday.

France’s billionaire Saade family spent more than four decades discreetly building a global shipping empire from their base in the southern city of Marseille. The late founder mostly shirked elite Parisian social circles and the publicity that comes with politics.

A business owned by prominent Atlanta executive Richard Jackson owes $38 million in taxes and penalties because it underreported $72 million in taxable income for 2019, the IRS told the US Tax Court Friday.

The Maltese Inland Revenue June 19 announced the July 15 extended deadline for the manual filing of income tax returns for individuals. The announcement also includes the July 31 deadline ...

The Sri Lankan Inland Revenue June 20 announced the June 30 deadline for: 1) making final payments for VAT on financial services (FS) for the taxable period 2023-2024; 2) filing ...

The Hungarian Official Gazette June 18 published Decision No. 57/2024 (VI. 18) ME, authorizing the Ministry of Construction and Transport to sign an air transport agreement with Tanzania. [Hungary, Government ...

The Australian Official Gazette June 18 published Act No. 1, Compilation No. 207, on the consolidated text of the Taxation Administration Act 1953, as of June 1. [Australia, Government Legal ...

The Latvian Official Gazette June 20 published a law transposing specific measures of EU Directive 2022/2523, on ensuring a global minimum tax rate of 15 percent for multinational enterprise (MNE) ...

The Swedish Official Gazette June 19 issued Regulation No. SFS 2024:474, amending tax procedure regulations to incorporate changes for multinational enterprises (MNEs). The regulation includes measures: 1) permitting a reporting ...

This week, our experts covered ways to make the Internal Revenue Code more equitable, the OECD’s additional transfer pricing guidance on Amount B, and more. For a look at the latest commentary and analysis, check out our weekly roundup.

A new minimum wage for California health care workers will be delayed until at least Oct. 15 under an agreement between state legislators and Democratic Gov. Gavin Newsom.

The California Department of Tax and Fee Administration (CDTFA) issued a publication on the Statewide Compliance and Outreach Program. The program is part of a statewide effort to educate business ...

The Wisconsin Department of Revenue (DOR) June 17 issued a reminder to tax payers that state law requires real property assessments of mobile homes unless certain exemptions apply. These exemptions ...

The Washington Department of Revenue (DOR) issued a special notice concerning legislative changes to tax increment financing. The notice provides general guidance and assistance for county assessors, county treasurers, local ...

A South Carolina partnership sued the IRS for denying its $28.4 million charitable contribution deduction, arguing the agency acted arbitrarily and didn’t explain why its easement conveyance couldn’t support its claimed tax benefit.

This week, our experts covered ways to make the Internal Revenue Code more equitable, the OECD’s additional transfer pricing guidance on Amount B, and more. For a look at the latest commentary and analysis, check out our weekly roundup.

Mid-tier and small accounting firms are struggling to keep up with the rapid pace of new rules coming out of the US audit board, they said in a letter Friday.

The IRS released a draft form for the research credit Friday—walking back some of the stricter reporting requirements it had proposed last year after receiving comments from taxpayers.

Officials at the OECD are still making progress on readying a treaty to reallocate global taxing rights for countries to sign by the end of June, according to a top official at the organization.

Donald Trump’s social media company secured a new auditor within days of the SEC shuttering the firm that had vetted its books. Nearly 40% of BF Borgers CPA PC’s other clients haven’t been so lucky.

Federal Reserve Bank of San Francisco President <-bsp-person state="{"_id":"00000190-3a12-d497-a7fb-fe1f628c0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Mary Daly said artificial intelligence may create opportunities in the labor market.