Abolishing Property Taxes in Florida Won’t Be an Easy Task

Florida lawmakers are no closer to Gov. Ron DeSantis’s goal of eliminating property taxes after two days of hearings, causing several to concede more study is needed to find strategies for replacing the billions in revenue that would be lost.

Disney, Netflix, Hulu Argue Texas Law Bolsters No Fee Argument

TV streaming giants Hulu LLC, Netflix Inc., and Disney Platform Distribution Inc. urged a state appeals court to finally slam shut a bid to charge them for distributing content, saying a recent change in Texas law expressly excluding them from municipality utility fees only confirms their position.

Mamdani Draws NYC Investors to Advise Him If Elected Mayor

Members of New York City’s business community are forming an advisory group in an effort to guide mayoral candidate Zohran Mamdani if he wins the election in November.

AT&T Companies Are Denied Alabama Tax Break on Fiber Optic Cable

BellSouth Telecommunications LLC and other AT&T affiliates were denied sales and use tax refunds by the Alabama Tax Tribunal on Tuesday because their purchases of fiber optic cable didn’t qualify for the “machine rate.”

Baker McKenzie Pulled Into Probe of Puerto Rico Tax Shelter

The subpoenas signal a new phase in an ongoing investigation by the Justice Department and the Internal Revenue Service into Americans sheltering potentially billions of dollars from taxes under incentives that lure wealthy people to Puerto Rico with promises of total or near total tax exemptions.

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Hashing Out US-World Tensions on ‘Side-by-Side’ Global Tax Deal

In this episode of Talking Tax, Bloomberg Tax reporters Saim Saeed and Lauren Vella hash out countries’ frustrations over global minimum tax exemptions and discuss the feasibility of coming to an agreement on a “side-by-side” system by Dec. 31, the deadline suggested by the Trump administration.

Abolishing Property Taxes in Florida Won’t Be an Easy Task

Florida lawmakers are no closer to Gov. Ron DeSantis’s goal of eliminating property taxes after two days of hearings, causing several to concede more study is needed to find strategies for replacing the billions in revenue that would be lost.

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Tax Your Crypto and NFTs? Yes, the IRS Wants Its Cut

Cryptocurrency and NFTs continue to rise in popularity in the U.S., but many people are still confused about how they are taxed. In this video, a partner at Steptoe & Johnson who specializes in tax policy and cryptocurrency, lays out how different crypto transactions are taxed.

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Pennsylvania BFR Grants Partial Sales Tax Refund to Taxpayer for Medical Supplies

The Pennsylvania Board of Finance and Revenue (BFR) issued a decision ordering the Department of Revenue (DOR) to partially grant taxpayer’s request for refund regarding its sales and use tax ...

Pennsylvania BFR Grants Construction Contractor Partial Sales Tax Relief

The Pennsylvania Board of Finance and Revenue (BFR) issued a decision partially granting taxpayer’s sales and use tax refund petition. The taxpayer, a construction contractor, sought a refund of sales ...

Massachusetts DOR Issues Guidance on Motor Vehicle Excise Tax and Exemptions

The Massachusetts Department of Revenue (DOR) published guidance regarding the motor vehicle excise tax that must be paid annually when registering vehicles in the state. The document outlines how the ...

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