The Supreme Court declined to take up a challenge to a ruling that upheld a nearly $5 million tax bill from a tax shelter scheme.

UK Chancellor of the Exchequer Kwasi Kwarteng sought to reassure jangled nerves in his ruling Conservative party with a pledge to deliver on the government’s economic strategy just hours after making a humiliating U-turn on a plan to cut taxes for top earners.

The IRS has extended by one year a transition period that temporarily eases the process by which companies claim refunds under the research tax credit.

The move by Prime Minister Liz Truss’s government to abandon a tax cut for top earners in the UK is a “good decision,” the International Monetary Fund’s top official said, days after the original plan drew stinging criticism from the global crisis lender.

Spanish Deputy Prime Minister Nadia Calvino welcomed the UK’s U-turn on a plan to cut taxes for top earners, saying it was about being fair.

Liz Truss is standing by her Chancellor of the Exchequer Kwasi Kwarteng after the threat of a rebellion in the ruling party forced them into a humiliating reversal on a plan to cut taxes for the top earners in the UK.

Federal contractors building artificial intelligence models will have an expansive new dataset to work from following Stanford University researchers’ project aimed at unique government needs.