US Firms Likely to See Relief From Global Minimum Tax Dilemma

American companies are feeling the pinch of the global minimum tax, but their bills will shrink after a US exemption from the levy kicks in and countries begin to offer new tax incentives to maintain foreign investment.

Turkey’s Ruling Party Submits Bill to Tax Crypto Transactions

Cryptoasset sales and transfers will be subject to 0.03% “Cryptoasset Transaction Tax,” according to bill submitted to parliament by ruling AK Party.

Australian Tax Office Is Unfair on Debt Relief, Watchdog Says

The Australian Tax Office has treated small taxpayers unfairly since it toughened its approach to collecting general interest charges on late or unpaid tax, the national Tax Ombudsman said Monday.

Partnership Has No Basis in $610 Million German Note, Court Says

A German holding company and a partnership both have zero basis in a $610 million promissory note contributed to one of the holding company’s subsidiaries, the US Tax Court held Monday, granting the IRS summary judgment.

China Reins in Shell Companies to Limit Harmful Tax Competition

China has restricted shell companies’ access to tax incentives in eight regions of the country in 2025, according to a report released by its tax administration Monday.

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Saint Lucia Tax Agency Posts March 2026 Tax Calendar

The Saint Lucian Inland Revenue Department March 2 posted the March 2026 tax calendar. The tax calendar includes deadlines of: 1) March 15, to pay February 2026 withholding tax, contract ...

Barbados Tax Agency Issues Guidance Note Updating List of Jurisdictions Under MCAA-CbC

The Barbadian Revenue Authority March 2 issued Guidance Note OGC No. 23/2025, updating the list of jurisdictions participating in the automatic exchange of country-by-country (CbC) reporting, and with whom Barbados ...

Malaysia Tax Agency Announces E-Filing Deadlines, Information for Assessment Year 2025 for Various Taxpayers

The Malaysian Inland Revenue Board Feb. 28 announced deadlines for electronic filing for assessment year 2025, and released guidance in English and Malay, for individuals, employers, companies, and estate administrators. ...

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Reeves’ Say-Nothing Moment Left UK’s Challenges Unanswered

Rachel Reeves had promised to deliver a nothing-to-see-here spring forecast this week, an event to be celebrated for its uneventfulness. After war erupted in the Middle East, however, Tuesday’s statement was more striking for what the UK’s Chancellor of the Exchequer failed to say.

Trump’s IRS Lawsuit Offers Lessons on Privacy and Legal Process

President Donald Trump’s $10 billion lawsuit against the IRS should reinforce several lessons that extend well beyond this case: Taxpayer privacy is fundamental. Courts have tools to preserve fairness when structural conflicts arise. Presidential proximity to litigation decisions can heighten those conflicts. And policy choices about investment, access, and oversight have real-world consequences.

Trump Says He’ll Cut Off Trade With Spain Over Air Base Use

Donald Trump said he will “cut off all trade with Spain” after the country denied access to its military bases for his bombing campaign against Iran, spurring a sharp rebuke from Madrid that the US president must respect international trade agreements.

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Chaotic Prediction Markets Need to Be Reined In: Editorial

The old adage about ducks — if it looks, swims and quacks like one, it probably is one — seems to be escaping US regulators, who have so far accepted the claim by some gambling companies that they are not actually gambling companies. Congress ought to act before this artifice does further damage.

Iran War Wagers Are Ghoulish — and Troubling: Paul J. Davies

As bad behavior in finance goes, the idea of insiders betting on the US and Israel attacking Iran is about as appalling as it gets. Cashing in on death and destruction across the Middle East — or anywhere else — would be despicable. But beyond the moral dimension, there’s also the issue of national security: Given that handing such information to an enemy would be an act of treason, should risking intelligence leaks through price signals be seen as any less traitorous?

Trump Escalates Confrontation With Banks Over Crypto Agenda (1)

President Donald Trump warned banks against weakening his cryptocurrency agenda and pushed for passage of a market-structure bill known as the Clarity Act, escalating a confrontation with the financial industry over legislation that would reshape how digital assets are regulated in the US.

Matt Levine’s Money Stuff: Everyone Wants a Pension

The basic situation is that people work for about 40 years, during which they earn more money than they spend, and then they retire and don’t work for about 30 years, during which they spend more money than they earn. That’s a very broad statement, you could quibble with the numbers, and it is certainly not true of everyone: Some people retire early, some retire late, some die young, some live a long time, etc. But as a rough statistical average, most people get some decades of saving in the workforce and then some decades of spending in retirement.

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