Nebraska is considering a legislative plan to clarify that earnings from foreign subsidiaries and repatriation income are deductible for state tax purposes, reversing course on a controversial tax policy announced late last year.

The U.K. government could drastically widen the scope of some planned audit-market reforms to bar accounting firms from doing consulting work for any of their large audit clients, including companies not listed on the stock exchange.

Having just persuaded France to hold off on a digital tax that would hurt its biggest technology firms, the U.S. is facing a similar threat from another part of Europe.

European Union Budget Commissioner Johannes Hahn says he’s encouraged by Sweden’s change of heart over plans to introduce an EU-wide tax on plastic bags and to let 20% of revenues stemming from emissions trading go directly into the EU budget.

The U.K. tax office released regulations detailing how tax disputes with EU countries will be resolved after it leaves the bloc at the end of January.

Top financial officials from the major global economies used the World Economic Forum in Davos to tout the benefits of government spending as a way to lift growth out of its funk and reduce reliance on overloaded central banks.

U.S. Treasury Secretary Steven Mnuchin weighed in on the debate about a carbon tax in Davos, saying technological developments would make it redundant.

Morris Pearl is somewhat encouraged by all the talk about wealth taxes these days. The Patriotic Millionaires, which he chairs as a volunteer job, has “made a lot of progress in moving the needle” toward its argument for taxing the rich more and paying people more equitably.