


Washington’s Newly Minted Millionaire Tax Challenged as Unlawful
Washington state’s income tax on high earners met its first court challenge alleging it’s an illegal tax on property Thursday, two weeks after its enactment.

New Tax Disclosure Regimes Still Leave Gaps in Information
New corporate tax disclosures will provide investors with some answers to the persistent puzzle of where companies book their profits and pay their taxes—but some pieces of the puzzle are still going to be missing.
PODCASTS
Tax Filing Season Is Underway: Here's How It's Going So Far
States Still Decoupling From GOP Tax Law Deep Into Filing Season
Tariff Refunds Would Threaten Tax, Transfer Pricing Headaches
DOJ Tax Attorneys Focus on Immigration, Nonprofits After Shakeup
Columns + Commentary
Danny Werfel By All AccountsPentagon Anthropic Deadlock Demands Thorough Checks on AI Use
Andrew Leahey Technically SpeakingGeorgia Gas Tax Holiday Is Affordability Theater That Delays Harm
Andrew Leahey Technically SpeakingMamdani’s NY Estate Tax Exemption Should Target Dynastic Wealth
Danny Werfel By All AccountsTrump’s IRS Lawsuit Offers Lessons on Privacy and Legal Process
Practitioner Insights
View More Insights

Bloomberg Tax Journals
View MoreIncreased Advanced Pricing Agreement Demand Puts Pressure on APMA
APAs remain increasingly valuable for managing transfer pricing risk despite APMA resource constraints.
DOL Offers 401(k) Fiduciaries a Safer Path to Alternative Assets
A proposed rule from the Department of Labor would let 401(k) fiduciaries offer alternative assets if they document a prudent process on key risks.
How Global Practice Could Shape Brazilian Transfer Pricing Audits
Brazil’s adoption of OECD Transfer Pricing Guidelines marks a significant shift towards global standards, presenting new challenges and opportunities for Brazilian taxpayers to align their practices with international norms and prepare for increased scrutiny.
Tax Developments
View MoreU.S. District Court Rules Against Taxpayer’s Refund Claim Due to Failure to Show Taxes Were Withheld, Sovereign Immunity
The U.S. District Court for the Southern District of New York granted the defendant’s motion for summary judgment, holding that the taxpayer failed to show that IRS withheld any taxes ...
IRS Issues Proposed Regulations on 1 Percent Excise Tax on Certain Remittance Transfers
The IRS issued proposed regulations providing rules and definitions related to the 1 percent excise tax on certain remittance transfers beginning Jan. 1, 2026. The tax applies to remittances sent ...
IRS Issues Final Regulations on “No Tax on Tips” Deduction for Qualified Tipped Occupations
The IRS issued final regulations implementing the “No Tax on Tips” provision, allowing eligible workers in more than 70 occupations to claim a deduction for qualified tips. The regulations, issued ...
IRS Shakeup: How Is the US Tax Agency Adapting to Trump's Vision?
Since President Donald Trump took office, the IRS has faced transformative changes, including a substantial reduction in its workforce and the appointment of seven different commissioners or acting commissioners.
Latest Stories
Tax-and-Spend Package 2.0 Timeline Comes Into Focus: BGOV Tax
BGOV Hill Watch: Reconciliation, Iran, Deadlines Jam Hill Agenda
Congress returns this week to tackle a daunting list of priorities, including fiscal 2026 appropriations for the Department of Homeland Security and additional funding for immigration enforcement and defense.
The Met Opera’s Chagalls Are For Sale, They Just Can’t Be Moved
Why would anyone buy a work of art they can’t move? For centuries people have bought art because they want to possess it, live with it, control it. But the Metropolitan Opera is forcing the art world to rethink one of its most fundamental assumptions.
Cyberattacks, Tariffs, Geopolitics Loom Over Business Executives
Geopolitical uncertainty, rapid policy shifts, and mounting security risks are ratcheting up the threats facing US companies.
FROM ACROSS BLOOMBERG TAX
- Daily Tax Report International
- Daily Tax Report State
- Transfer Pricing Report
- The Exchange: Tax Insights & Commentary
Philippines Removes Kerosene, LPG Taxes to Temper Food Prices
The Philippines is removing excise taxes on kerosene and liquefied petroleum gas to curb food inflation, President
Swedish Spring Budget Assigns $830 Million to Parry Iran War (1)
Sweden’s government plans 7.7 billion kronor ($830 million) in additional budget spending to cushion households from the impact of the Iran war, five months ahead of a general election.
Increased Advanced Pricing Agreement Demand Puts Pressure on APMA
APAs remain increasingly valuable for managing transfer pricing risk despite APMA resource constraints.
DOL Offers 401(k) Fiduciaries a Safer Path to Alternative Assets
A proposed rule from the Department of Labor would let 401(k) fiduciaries offer alternative assets if they document a prudent process on key risks.
EU to Recommend Lower Energy Taxes to Offset Surging Oil and Gas
The European Commission is set to recommend lowering energy taxes and power grid charges to boost the uptake of clean technologies while softening the blow from surging oil and gas prices.
Germany MOF Posts Draft Regulation to Update List of Participating Jurisdictions Under MCAA-CRS
The German Ministry of Finance April 8 posted online a draft regulation to update the list of participating jurisdictions under the Multilateral Competent Authority Agreement (MCAA) on the automatic exchange ...
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