Daily Tax Report ®
Adviser Roles in IRS Legal Unit Hit by Trump Workforce Order
Three positions in the IRS’s legal arm are expected to be reclassified to be more easily fireable as part of a new executive order that’s reshaping the federal government, according to a person familiar with the matter.
Anthropic CEO Floats Tax on AI Firms to Fund Universal Income
Anthropic CEO Dario Amodei called on governments to tax AI companies to fund a universal basic income and introduce employee retention incentives to account for the potential impact the technology could have on the labor market.
PODCASTS
Corporate Tax Disclosures Let Investors Peer Into the Black Box
Accounting Firms Navigate Compensation as AI Tools Upend Work
IRS Pivots to Fill Holes in Tax Filing Season After DOGE Cuts
How Tax Administration Reforms Could Pass Congress This Year
Columns + Commentary
Danny Werfel By All AccountsPentagon Anthropic Deadlock Demands Thorough Checks on AI Use
Andrew Leahey Technically SpeakingGeorgia Gas Tax Holiday Is Affordability Theater That Delays Harm
- Andrew Leahey Technically Speaking
Mamdani’s NY Estate Tax Exemption Should Target Dynastic Wealth
- Danny Werfel By All Accounts
Trump’s IRS Lawsuit Offers Lessons on Privacy and Legal Process
Bloomberg Tax Journals
View MoreOBBBA Restores R&E Expensing, Alters Multinational Tax Strategy
OBBBA restores immediate domestic R&E expensing while reshaping CAMT, BEAT, FDDEI, and R&D credit planning, KPMG practitioners, Natalie Tucker, Kate Abdoo, Seevun Dunckzar, Hogan Humphries, and Alexander Fox state.
South Africa and Nigeria Drive AI-Enabled Transfer Pricing Audits
Robust taxpayer protection policies, transparent AI governance, strong data integrity practices, and meaningful human oversight are essential to ensuring that digital transformation enhances rather than undermines fairness, KPMG practitioners, Christian Wiesener, Barbara Mbaebie, and Akaoma Osele, say.
Pension Exit Costs Are a Moving Target After Supreme Court Ruling
After the Supreme Court’s ERISA ruling in M & K Employee Solutions, the withdrawal-liability figure an employer receives before leaving a multiemployer pension plan may not be the number that controls after withdrawal, says Hall Benefits’ Samuel Krause.
Tax Developments
View MoreIRS Publishes Updated Energy Community Lists for Bonus Credit Eligibility
The IRS published updated lists of counties and census tracts qualifying as “energy communities” eligible for bonus credit amounts under I.R.C. §45, §45Y, §48, and §48E. The notice includes appendices ...
U.S. Appeals Court Upholds Estate Tax Deficiency for Partnership Transfer Under Section 2036
The U.S. Court of Appeals for the Fifth Circuit affirmed the Tax Court’s decision that assets transferred to a limited partnership shortly before the decedent’s death were includible in the ...
U.S. District Court Vacates IRS Notice Eliminating Five Percent Safe Harbor for Certain Clean Energy Projects
The U.S. District Court for the District of Columbia held that IRS Notice 2025-42, which eliminated the Five Percent Safe Harbor method for establishing “beginning of construction” for wind and ...
AI's Billion Dollar Tax Breaks: Data Center Incentives Fuel Backlash
States have been competing to attract AI data centers, offering tax breaks to companies like Meta, Amazon, and Google. Now Georgia is at the center of a growing debate over whether those incentives are still worth the cost.
Latest Stories
Trump Allies Can Still Seek Millions in ‘Weaponization’ Claims
The US Justice Department says it has
Trump Denies Defrauding US Court to Create $1.8 Billion Fund
President
Colombia Sees Narrower Fiscal Deficit With Soaring Tax Revenues
Colombia’s budget deficit is set to narrow this year and in 2027, according to latest finance ministry forecast. However, those projections assume the approval of a tax bill raising a significant chunk of additional revenue.
US Is Closely Watching Global Minimum Tax ‘Integrity Guidance’
The US Treasury is keeping a close eye on forthcoming guidance from the OECD that’s meant to ensure the global minimum tax framework maintains its integrity, a top department official said Friday.
FROM ACROSS BLOOMBERG TAX
- Daily Tax Report International
- Daily Tax Report State
- Transfer Pricing Report
- The Exchange: Tax Insights & Commentary
Kazakhstan President Signs Law Ratifying DTA, Protocol With Oman
The Kazakhstani President June 10 signed a law ratifying the DTA and protocol with Oman, signed May 29, 2025. [Kazakhstan, Office of the President, 06/10/26]
Brazil Gazettes Decrees Promulgating Second Protocols to DTAs With Singapore, Sweden
The Brazilian Official Gazette June 10 published Decree Nos. 13,005 and 13,006, promulgating the second protocols to the: 1) 2018 DTA With Singapore, signed April 17, 2023, which entered into ...
Germany Lower House Considers Bill to Permanently Reduce VAT Rate on Supplies of Gas, Heat
The German lower house of parliament (Bundestag) June 9 accepted for consideration Bill No. 21/6333, to permanently reduce the VAT rate on supplies of gas and heat. The bill includes ...
Singapore, Tanzania Sign DTA
The Singaporean Inland Revenue Authority June 10 announced the June 9 signing of a DTA with Tanzania. The agreement includes measures to: 1) establish a six-month, 183-day, and 90-day period ...
Morocco Lower House Passes Bill to Ratify Air Services Agreement With Cote D’Ivoire
The Moroccan Chamber of Representatives June 8 passed Bill No. 12.25, to ratify the air services agreement with Cote d’Ivoire, signed Jan. 17, 2025. [Morocco, Chambre des representants, 06/08/26]
Kyrgyzstan President Signs Law Ratifying DTA With Japan
The Kyrgyz President June 10 announced the signing of a law ratifying the DTA with Japan, signed Dec. 19, 2025. [Kyrgyzstan, Office of the President, 06/10/26]
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