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Estonia, Czechia Drop Opposition to Revised Minimum Tax Deal

Estonia and Czechia will accept a renegotiated global minimum tax deal that would carve out US companies from key provisions of the agreement.

Companies in Australia Get a Raft of Global Minimum Tax Guidance

The Australian government on Wednesday released a trove of guidance detailing how companies can comply with the 15% global minimum tax.

OECD Peers Advised 26 Countries to Improve Tax Ruling Exchanges

The OECD asked 26 countries to improve their facilitation of tax rulings that help tax authorities in risk assessments and counter base erosion and profit shifting concerns, according to a new report.

EU Launches Public Consultation on Tax Data-Sharing Law

The European Commission on Tuesday launched a public consultation on an upcoming bill meant to simplify the way companies and EU countries report and share tax information.

Poland Drops Opposition to Revised Global Minimum Tax Pact

Poland will accept a renegotiated deal that will exclude US companies from a global minimum tax, according to people familiar with the matter.

Practitioner Insights

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UK’s Clean-Tech Ambition Must Align Energy, Industry, Tax Policy

Adhum Carter Wolde-Lule

Prism Power Group

Trump Tax Policy Shift Toward Stability Must Stay the Course

Daniel Bunn

Tax Foundation

OECD Tackles Tax Complexities of International Remote Work

Gregory Price

Macfarlanes

Latest Stories

Brazil Approves 2026 Budget That Will Strain Its Fiscal Rules

Brazilian lawmakers approved the final budget of President Luiz Inacio Lula da Silva’s term, backing a plan that will ultimately demonstrate just how hard it is for the government to comply with fiscal rules it created three years ago.

By Martha Beck

Business Group Raises Double-Tax Alarm in UN Tax Treaty Draft

The International Chamber of Commerce raised double-taxation concerns Friday about part of a draft United Nations tax treaty that would expand countries’ taxing rights over multinational companies.

Billionaire Salinas Faces $2.8 Billion Mexico Tax Claim Showdown

Companies controlled by billionaire Ricardo Salinas Pliego will get a multibillion-dollar tax bill in January, and he will need to pay up or face consequences, Mexico’s President Claudia Sheinbaum said Friday.

IRS Launches Digital Form for Easier Whistleblower Reporting

The IRS is making it easier for whistleblowers to report tax abuse to the agency with a new digital form.

US Trade Chief Criticizes EU, India as Negotiations Drag On

President Donald Trump’s top trade negotiator critiqued the practices of two key US partners, the European Union and India, signaling that contentious talks are set to spill into the new year.

Ireland Warns of Large Deficit if Corporate Tax Receipts Shrink

Ireland’s budget balance could fall to a deficit of nearly €30 billion ($35 billion) by 2030 under a worst-case scenario reversal of corporate tax receipts, the government warned.

German Parliament Updates Global Minimum Tax Legislation

The upper house of the German parliament approved Friday amendments to domestic legislation implementing the global minimum tax for large corporate groups.

Ex-Bankers Convicted Over €45 Million in Fortis Cum-Ex Deals

Two former bankers were convicted in Germany over their roles in striking Cum-Ex deals by Fortis Bank, causing €45 million ($52.7 million) of damage to the country’s taxpayers.

A $309 Billion Bet Fuels 24/7 Dollar Banking Without Borders

Three years ago Mustafa Ismael launched Karcsham Co., a Kenya-based company that resells Starlink devices and manages subscriptions for thousands of customers across a dozen African and Latin American countries. At first he used his local bank card to pay the monthly bills. But the 5% foreign exchange fees soon began eating into his profits.

Europe Must Avoid US Digital Tax Retaliation, SAP Tax Head Says

Retaliatory measures from the US against European digital services taxes would have a defined impact on the continent’s competitiveness, a top tax official at German tech giant SAP warned.

Will the Global Minimum Tax End the Race to the Bottom?

In 2021, 137 countries agreed on a global minimum corporate tax rate of 15% for big global companies. This video explains why countries felt such a tax was needed and how it will work.

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Crypto Investment Firm, Founder Hit With CFTC Fraud Charges

The Commodity Futures Trading Commission sued a cryptocurrency investment firm and its founder, alleging they ran a fraudulent Ponzi-like scheme that promised daily returns up to 3.5% while violating federal commodity trading laws.

FTX, Alameda Execs Agree to Officer-Director Bars, Injunctions

Former FTX and Alameda Research executives Caroline Ellison, Gary Wang, and Nishad Singh will be barred from officer and director roles under the terms of settlement agreements the SEC presented to a federal court Friday.

Fed Eyes New Account as Crypto Gets Closer to Payment System (1)

The Federal Reserve proposed a new payment account on Friday, amid a push from crypto and fintech firms for access to the central bank’s payment rails.

PureCycle Adding Mars to Board May Be Good for Business: Cantor

PureCycle Technologies appointment of Valerie Mars to its board is a validation of the recycling company’s technology and may lead to Mars Inc. becoming a “meaningful” customer.

Frequently Asked Questions for Bloomberg Law’s 2026 Unrivaled

Bloomberg Law is now accepting nominations for the 2026 edition of our award honoring top trial lawyers. Check out our answers to frequently asked questions.

EU Governments Agree on Digital Euro in Key Step for Project

European Union governments agreed on a common position on the digital euro, marking an important milestone for the project that’s seen as crucial for the bloc’s monetary sovereignty and the joint currency’s global role as the US touts dollar-denominated stablecoins.

IRS PLR: Qualified Opportunity Fund Self-Certification Election Filing Treated as Timely (IRC §1400Z)

The IRS has published a private letter ruling on I.R.C. §1400Z and Treas. Reg. §§301.9100 and 1.1400Z2, allowing the taxpayer’s Form 8996 election for self-certification as a qualified opportunity fund ...

Trump Agencies Move to Bolster Health-Care Price Transparency

The Trump administration proposed new medical price transparency rules Friday in a bid to strengthen rules released during the president’s first term.

Chicago City Council Passes Revenue Measure Without Head Tax (1)

Chicago’s city council on Friday approved a revenue ordinance for 2026 that’s a key component of a roughly $16 billion budget for the third-largest US city.

Ohio Enacts Property Tax Reforms Amid Soaring Homeowner Costs

Ohio Governor Mike DeWine (R) signed a package of five bipartisan property tax reforms Friday that state leaders say will save taxpayers $2 billion over three years amid an outcry over soaring property tax bills.

Nine Drugmakers Strike Deals With Trump, With More to Come (2)

President Donald Trumpannounced deals with nine pharmaceutical companies on Friday, the latest in a series of pacts designed to lower drug prices for some Americans in exchange for a three-year reprieve from threatened tariffs.

Tax Code Backs SECA Burden for Partnerships, NYU Law Center Says

The US Tax Court was right to subject a private equity firm structured as a partnership to a heightened tax burden for its employees, the Tax Center at NYU Law said.

Chicago City Council Passes Revenue Measure Without Head Tax (1)

Chicago’s city council on Friday approved a revenue ordinance for 2026 that’s a key component of a roughly $16 billion budget for the third-largest US city.

Ohio Enacts Property Tax Reforms Amid Soaring Homeowner Costs

California EDD Announces 2026 UI, ETT, SDI Rates, Schedules

The California Employment Development Department (EDD) has announced updated contribution rates, withholding schedules, and meals and lodging values for 2026. The announcement includes the 2026 Unemployment Insurance (UI) rate schedule ...

Florida DOR Adopts Amended Tax Rules on Insurance Policy Surcharge

The Florida Department of Revenue (DOR) adopted amendments to the rules governing insurance policy surcharges and the electronic database used to assign policies to local taxing jurisdictions. The regulations include ...

Tax Code Backs SECA Burden for Partnerships, NYU Law Center Says

The US Tax Court was right to subject a private equity firm structured as a partnership to a heightened tax burden for its employees, the Tax Center at NYU Law said.

California EDD Publishes Payroll Tax Forms Directory for Employers

The California Employment Development Department (EDD) has published a directory of payroll tax forms and publications available to employers and tax professionals. The publication offers an extensive catalog of resources, ...

FTX, Alameda Execs Agree to Officer-Director Bars, Injunctions

US Attorney Dropped FIFA Bribery Case at Trump Official’s Behest

The Justice Department’s solicitor general effectively ordered Brooklyn prosecutors to abandon two FIFA bribery convictions amid pushback from their Trump-appointed US attorney—potentially unraveling dozens of other international soccer corruption cases and hundreds of millions of dollars in recovered penalties.

Fatburger Owner Faces Allegations It Masked Liquidity Crunch

One of FAT Brands Inc.’s shareholders is suing the restaurant-chain owner for allegedly hiding the true extent of its debt amid a darkening financial outlook that saw its stock hit a multiyear low this week.

Tricolor Paid $125 Million for Vehicles It Will Now Auction Off

Bankrupt subprime auto lender Tricolor Holdings won court permission to hold an auction for about 9,500 vehicles that it acquired for $125 million before the company collapsed earlier this year.

US Audit Board Votes to Halve Leaders’ Pay, Cut Budget 9% (3)

The US audit board adopted an operating budget for next year that slashes its funding by 9% and extracts steep salary cuts for board members and other top staff.

WH Smith Faces FCA Probe Over Accounting and Cuts Dividend (2)

WH Smith Plc is under investigation by the UK’s Financial Conduct Authority over the accounting error in its North American business that triggered a stock slump and the resignation of its chief executive officer.