Bloomberg Tax

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Case: Belgian Taxing Authority’s Claims of Fraud Against Fictitious Pension Funds for Dividend Tax Refunds Survive Motions to Dismiss for Failure to State a Claim (S.D.N.Y)

Belgium’s taxing authority sufficiently alleged fraud against the defendants and the court did have jurisdiction to hear the claim, a district court held, dismissing the defendants’ motions to dismiss for ...

Case: Taxpayer Cannot Relitigate Tax Debt Underlying Decade Old Judgment, Motion to Reopen Discovery Denied (S.D. Cal.)

Individual taxpayer cannot reopen discovery to obtain information about the audit or auditor related to a tax debt that was reduced to a judgment in 2012, a district court held, ...

IRS Prop. Reg.: Health Insurance Market Reform Amending Definition of Short-Term, Limited-Duration Insurance (IRC §9831)

Proposed rules that would amend the definition of short-term, limited-duration insurance, which is excluded from the definition of individual health insurance coverage under the Public Health Service Act, the IRS ...

Family Vineyards Grapple With French Inheritance Taxes

KPMG's Banking Troubles Give Accounting a Black Eye

Developing Countries Want Voices Heard on Global Tax

Key Minnesota Lawmaker on Tackling Corporate Taxes

From the Analysts

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How States are Taxing Electric Vehicle Charging

EV charging stations have landed in the crosshairs of states trying to make up for lost gas tax revenue, even while legislators are using incentives to propel the green energy transition.

States Eye Excise Taxes, Transaction Fees as Revenue Raising Tactic

More states are successfully raising new revenue through excise taxes, transaction fees, and other workarounds amenable to courts when income or other direct tax increases are nonstarters.

BTAX OnPoint: Pillar Two Safe Harbors and Penalty Relief (1)

The OECD created two safe harbors and a system for penalty relief under an implementation package for the Pillar Two agreement.

Free Tax Filings Threaten $4 Billion TurboTax Business

Bloomberg Tax Journals

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Intragroup Financial Guarantees Drive MNE Transfer Pricing Plans

Financial transactions are considered to be one of the most significant areas of transfer pricing controversy between taxpayers and tax authorities. On Feb. 11, 2020, the OECD released transfer pricing rules with respect to financial transactions that were then included in chapter X of the 2022 OECD Transfer Pricing Guidelines, and in 2021, the UN included Chapter 9.13 of the 2021 UN Practical Manual to provide guidance for taxpayers and tax authorities on how to analyze and price financial guarantees in transfer pricing.

New IFRS 17 Will Affect Many Companies With Insurance Contracts

IFRS 17, international reporting standards for insurance contracts, has implications not only for accounting and finance, but also taxes, policies, and processes, says Mhalou Abadiano of Stout’s Transaction Advisory group.

Tribunal Rules on the Tax Treatment of Share Class Redemptions

ATOZ Tax Advisers authors Oliver R. Hoor, Keith O’Donnell, and Samantha Schmitz analyze potential implications of Luxembourg’s January 2023 Administrative Tribunal’s ruling on the tax treatment of the redemption of a class of shares by a Luxembourg company.

Latest Stories

ERISA Allows Plan Fiduciaries to Pursue More Than Just Money

The Wagner Law Group’s Michael Schloss, who spent more than 30 years at DOL enforcing ERISA, reflects on retirement policies that except ERISA’s primary fiduciary requirements for tax-subsidized plan assets while promoting employee stock ownership as well as environmental and social goals, and barring investments in firms tied to U.S. adversaries.

Brazilian Miners Seek to Remove ‘Disastrous’ Tax Reform Item

Brazilian miners will seek to exclude in the Senate an article in the country’s tax-reform proposal allowing states to create a tax on primary and semi-manufactured products for investment in infrastructure and housing works, Rinaldo Mancini, director of the Brazilian mining institute Ibram, said in an interview.

FROM ACROSS BLOOMBERG TAX

Crypto News Daily Tax Report: International Daily Tax Report: State The Exchange: Tax Insights & Commentary
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  • The Exchange: Tax Insights & Commentary

Bitcoin ETF Applicants Undaunted by SEC Pushback: Crypto in DC

BlackRock Inc. and Valkyrie refiled their application for an exchange-traded fund that invests directly in Bitcoin, shoring up their filings after the Securities and Exchange Commission indicated the recent wave of requests seeking to launch such a product were insufficient.

Bitcoin ‘Halving’ Risks Sinking Already-Struggling Miners

Crypto enthusiasts are hopeful that a once-in-four-years event which rewrites the underlying code of the world’s biggest cryptocurrency will extend the current market rally. But the milestone also risks sounding the death knell for certain Bitcoin miners.