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The OBBBA is Reshaping How Mid-Market Businesses Invest, Grow And Create Value
The One Big Beautiful Budget Act (OBBBA) is significantly influencing investment and growth strategies for mid-market businesses. The legislation introduces…
IRS Posts Additional Guidance on Section 45Z Clean Fuel Credit
The IRS has released additional guidance on the Section 45Z Clean Fuel Production Credit, a tax incentive introduced under recent…
TurboTax Maker Intuit Paid Zero Federal Income Tax in 2025
Intuit, the maker of TurboTax, paid zero federal income tax in 2025 despite reporting substantial profits, according to an analysis…
Ørsted Secures UK Tax Rights For 2 Offshore Wind Farms
Danish energy company Ørsted has secured UK tax rights in connection with two offshore wind farm projects. The development relates…
British Airways ruling: ground handling receipts outside India–UK treaty’s Article 8 scope
An Indian tax ruling has determined that ground handling receipts earned by British Airways fall outside the scope of Article…
₹104.99 Crore Purchase Addition Deleted: Bogus Purchase Does Not Automatically Mean Unexplained Expenditure
An Indian tax tribunal deleted a ₹104.99 crore addition made by tax authorities on the basis of bogus purchases, ruling…
UN cross-border services tax plan collides with VAT
The UN is advancing a proposal to impose withholding taxes on cross-border services payments made to non-residents, creating a potential…
IRS Clarifies Coordination of Section 174 Method Changes and Accelerated Recovery Elections
The IRS has issued clarification on how Section 174 method changes coordinate with accelerated recovery elections for research and experimental…
Tax Pros Face Client Questions About Delinquent SBA Pandemic Loans
Tax professionals are fielding increasing client inquiries regarding delinquent SBA pandemic-era loans, raising complex tax implications. When the SBA forgives…
Seed Company on Leased Land Can Earn Exempt Agricultural Income
An Indian ruling clarifies that a seed company operating on leased agricultural land can qualify for exemption on agricultural income…
₹5.01 Crore Suppressed Sales, But Only ₹10.02 Lakh Taxable
An Indian tax case examines a situation where ₹5.01 crore in suppressed sales was detected, yet the taxable addition was…
Even an Ideal Business Tax Base Can’t Justify an 80 Percent Business Tax Rate
A Tax Foundation analysis argues that even with a theoretically perfect business tax base, an 80 percent tax rate would…
The Destination-Based Cash Flow Tax Remains a Strong Option for US Business Tax Reform
The Tax Foundation examines the destination-based cash flow tax (DBCFT) as a viable option for reforming US business taxation. The…
Form 3CD Is Changing: The Clauses That Can Make Tax Audit More Challenging
India's Form 3CD, the tax audit report form, is undergoing significant changes that will make the audit process more demanding…
OECD Says Corporate Tax Rates Stayed Flat At 21.2% In 2025
The OECD has reported that global statutory corporate income tax rates remained flat at an average of 21.2% in 2025,…
Multistate Monitor — As states decouple from OBBB, expert explains how to address now-incorrect tax estimates
As states begin decoupling from the federal One Big Beautiful Bill (OBBB), tax professionals face the challenge of correcting state…
Evidence on Tax Incentives and Venture Capital Risk-Taking
Academic research examining the relationship between tax incentives and risk-taking behavior in venture capital markets. The study provides empirical evidence…
EY US and the unfinished business of India’s secondment doctrine
This article examines the ongoing development of India's secondment doctrine in the context of EY US, addressing how cross-border employee…
Govt cut super tax to 8pc as part of broad structural reforms, says Kiyani
Pakistan's government has reduced the super tax rate to 8% as part of broader structural tax reforms, according to official…
The Case for a Cashflow Tax
Glenn Hubbard argues that a cashflow tax represents the optimal approach for balancing economic growth, inequality reduction, and long-term fiscal…
Chronicle of Higher Education: Bob Jones and the DEI Tax
An examination of the Bob Jones University Supreme Court precedent and its potential application to a so-called 'DEI tax' on…
VATP046 may signal a broader Fixed Establishment threshold than the Corporate Tax PE test
VATP046, a UAE VAT public clarification, may indicate that the threshold for establishing a Fixed Establishment (FE) under VAT is…
Politico: Trump Calls for Hollywood Tax Incentive
President Trump has called for the introduction of a federal tax incentive targeting Hollywood film and television production. The proposal…
The Safe Harbor Rule Every Founder Should Know
This article covers the safe harbor rule relevant to founders, likely addressing estimated tax payment thresholds or R&D/startup tax provisions…
Estonia: Further Clarity on Debt Push-Down Structures
Estonia has provided further regulatory clarity on debt push-down structures, a financing technique where acquisition debt is pushed down to…
Cyprus: OECD Reshapes Transfer Pricing and Treaty Benefits
Cyprus is adapting its transfer pricing framework and tax treaty benefit rules in response to OECD developments, including BEPS-driven standards.…
Canada: Expanding the Scope of Taxable Canadian Property
Canada is broadening the definition of Taxable Canadian Property (TCP), which determines when non-residents are subject to Canadian capital gains…
Windfall Profits Taxes in Europe, 2026
This Tax Foundation analysis examines windfall profits taxes across Europe as of 2026, reviewing how various European countries have implemented…
Trump Backs a Federal Film Tax Credit. What That Could Mean for Hollywood
President Trump has expressed support for establishing a federal film tax credit, a move that could significantly alter the competitive…
Let’s Talk About the Sec 962 Election
An examination of the Section 962 election, a US tax provision allowing individual shareholders of controlled foreign corporations (CFCs) to…
Delhi ITAT Holds Entire Bogus Purchase Value Not Addable to Income, Limits Addition to 5% of Turnover
The Delhi Income Tax Appellate Tribunal (ITAT) has ruled that the entire value of bogus purchases cannot be added to…
Trump Calls for Federal Tax Incentives to Revive U.S. Film Industry
President Trump has called for federal tax incentives to revive the U.S. film industry, proposing measures to encourage domestic film…
Surrendered Excess Stock Cannot Be Used for Ad Hoc GP Addition: ITAT Delhi
The Income Tax Appellate Tribunal (ITAT) Delhi has ruled that where a taxpayer has already surrendered income relating to excess…
Multistate Monitor — As states decouple from OBBB, expert explains how to address now-incorrect tax estimates
As U.S. states begin decoupling from federal tax provisions in the One Big Beautiful Bill (OBBB), tax professionals face the…
FBR yet to set refund mechanism for Section 7E, Super Tax under Section 4C
Pakistan's Federal Board of Revenue (FBR) has not yet established a refund mechanism for taxpayers who overpaid under Section 7E…
UN Tax Pact Should Avoid Gross Basis Taxes, Businesses Say
Business groups are urging negotiators of a proposed UN tax convention to avoid provisions that impose taxes on a gross-revenue…
Does a faster tax provision close increase audit risk? Not with the right process.
Accelerating the tax provision close process does not inherently increase audit risk when underpinned by robust, documented workflows and reliable…
Alternative Apportionment: 2026 Flashpoints
A review of 2026 flashpoints in alternative apportionment disputes highlights emerging controversies in state corporate income tax. Alternative apportionment allows…
Testimony: Legislative Proposal to Adapt the Income Tax Code to the Digital Economy Repeats the Economic and Legal Mistakes of Digital Services Taxes
The Tax Foundation has submitted testimony criticizing Belgium's legislative proposal to adapt its income tax code to the digital economy,…
PHC stops 3pc tax collection from steel industry
The Peshawar High Court (PHC) has issued an order halting the collection of a 3% tax imposed on Pakistan's steel…
Japan Considers a Rollover Rule for Business Divestitures
Japan is considering introducing a rollover rule for business divestitures, similar to the U.S. Internal Revenue Code Section 1031 like-kind…
Four Ways US Bond Markets Affect Tax Revenue
This Tax Foundation analysis examines the relationship between US bond markets and federal tax revenue through four key channels. Rising…
IRS Corrects Proposed Regs On Foreign Tax Rules
The IRS has issued corrections to proposed regulations governing foreign tax rules, addressing technical errors or clarifications in the previously…
Taxation in Vietnam: what foreign investors need to know
Vietnam's tax framework presents several key considerations for foreign investors. The country imposes corporate income tax at a standard rate…
Protecting the Tax Base: KRA’s Progress in International Taxation
This article examines the Kenya Revenue Authority's (KRA) efforts to protect Kenya's tax base through international taxation measures. The KRA…
Dominican Republic Publishes Practical Guidance on Income Tax Treatment of Bad Debts
The Dominican Republic's tax authority has issued practical guidance clarifying the income tax treatment of bad debts. The guidance addresses…
CIT(E) Must Specify the Exact “Specified Violation” Before Cancelling Trust Registration: ITAT Mumbai
The Mumbai Income Tax Appellate Tribunal ruled that the Commissioner of Income Tax (Exemptions) must precisely identify the specific 'specified…
South Korea: 2026 tax reform proposals
South Korea has released its 2026 tax reform proposals, outlining planned changes to the country's tax framework. The reforms are…
Grocers' Microcaptive Valid For Tax Benefits, 7th Circ. Told
The Seventh Circuit is hearing arguments that a grocery chain's microcaptive insurance arrangement qualifies for legitimate tax benefits. The case…
CBDT Notifies 116 & 117/2026, Granting Tax Exemptions to MERC from FY 2025-26
India's Central Board of Direct Taxes (CBDT) has issued notifications 116 and 117 of 2026, granting tax exemptions to the…
£16bn in unpaid corporate tax and 81,000 crypto letters – HMRC widened its net
HMRC has ramped up enforcement activity, identifying £16 billion in unpaid corporate tax while simultaneously targeting crypto asset holders with…
Zhang Presents “Innovation Paradigm Shifts and Capital Taxation: The Case of AI” Today at Missouri
Professor Zhang presents academic research at the University of Missouri examining how AI-driven innovation paradigm shifts affect capital taxation policy.…
Tribunal Lets UK Tax Offshore Developer, Avoid £1B Refunds
A UK tribunal has ruled that HMRC can tax an offshore software developer, rejecting arguments that would have required approximately…
Russia Proposes Tax Relief for Wildberries After Warehouse Attacks
Russia is considering providing tax relief measures to Wildberries, a major e-commerce retailer, following significant losses caused by warehouse attacks.…
Illinois AIM Tax Credit Rewards Investment, Not Just New Factories
Illinois introduced the Advantage Illinois Manufacturing (AIM) tax credit, which rewards businesses for qualifying investments beyond just building new factories.…
Taxing AI: can governments redistribute wealth in automated economy?
As AI and automation reshape labour markets, governments face growing pressure to rethink tax systems designed around human employment. The…
Subsection 55(2) of the Income Tax Act : The Anti-Avoidance Rule, Deliberate Triggering for the CDA, and the Bill C-59 GAAR Overlay
This article examines subsection 55(2) of Canada's Income Tax Act, an anti-avoidance provision targeting corporate dividend stripping transactions that could…
Testing the Limits of Neoclassical Tax-Mobility Arguments
This academic article critically examines neoclassical arguments about tax-driven mobility — the theory that high taxes cause individuals and businesses…
Apple Paid $17B Taxes To Ireland In 2025, Mostly Due To ECJ
Apple paid approximately $17 billion in taxes to Ireland in 2025, largely as a result of the European Court of…
H.R. 9504, Tax Exempt Hospital Transparency Act
The Congressional Budget Office has published a cost estimate for H.R. 9504, the Tax Exempt Hospital Transparency Act, a U.S.…
The Trump Administration Slashed Taxes for H&R Block and Raised Costs for Tax Filers
An analysis from the Institute on Taxation and Economic Policy (ITEP) argues that Trump administration tax policies have benefited companies…
How Poland’s Restrictive Tax Treatment of Losses Penalizes Risk-Taking and Business Expansion
Poland's tax treatment of business losses is among the most restrictive in the EU, penalizing risk-taking and discouraging investment and…
IRS Posts Updated Fact Sheet on Business Interest Expense Deduction Limit
The IRS has released an updated fact sheet clarifying the business interest expense deduction limitation under Section 163(j). The guidance…
Shaheen: Jurisdictional Nexus and Creditability
This article examines the legal concepts of jurisdictional nexus and creditability in the context of foreign tax credits, likely analyzing…
The Complete Playbook for Fighting CRA Tax Reassessments: When CRA Denies Your Tax Losses
This article provides a practical guide for Canadian taxpayers and advisers on challenging Canada Revenue Agency (CRA) reassessments that deny…
Corporate tax update – August 2026
Saffery's corporate tax update for August 2026 covers recent developments in UK corporate taxation, including legislative changes, HMRC guidance, and…
Accredited official statistics: Research and Development Tax Credits Statistics: September 2026
The UK government is scheduled to release official accredited statistics on Research and Development Tax Credits in September 2026. This…
ESOP Buy-Backs Under The Taxman’s Lens
This article examines the Indian tax authority's scrutiny of Employee Stock Option Plan (ESOP) buy-backs, analyzing how buyback transactions involving…
Can Penalty Under Section 271(1)(c) Be Levied on Estimated Bogus Purchase Additions? ITAT Says No
India's Income Tax Appellate Tribunal (ITAT) has ruled that penalty under Section 271(1)(c) of the Income Tax Act cannot be…
Michigan enacts housing opportunity credit against individual or corporate income tax
Michigan has enacted a new housing opportunity tax credit applicable against both individual and corporate income tax liabilities. The credit…
The increasing importance of ‘economic substance’ under Indian income tax laws
India's income tax framework is placing growing emphasis on economic substance requirements, reflecting a broader shift in how tax authorities…
When You Move to the Netherlands, Dutch Tax Rules Come With It
This article outlines Dutch tax obligations for foreign entrepreneurs relocating to the Netherlands, covering key rules around BV (besloten vennootschap)…
There May Be a Billion-Dollar Tax Play Hidden in the LA Lakers Sale, and It Probably Won’t Happen
An analysis of potential tax planning strategies embedded in the sale of the LA Lakers NBA franchise. The piece explores…
Germany Approves 2026 Tax Bill Introducing VAT Consolidation Option from 2030
Germany's parliament has approved a 2026 Tax Bill introducing an optional VAT consolidation (Organschaft) regime, effective from 2030. The measure…
Six Companies Reaped $83 Billion in Federal Tax Breaks in 2025
A report from the Institute on Taxation and Economic Policy (ITEP) highlights that six major U.S. corporations collectively claimed approximately…
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