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Book: Abbott Labs and the IRS Independent Office of Appeals
A new book examines the high-profile tax dispute between Abbott Laboratories and the IRS Independent Office of Appeals, exploring how…
India: Offshore Fund Updates
India has introduced updates affecting offshore funds, with implications for fund managers and investors operating through foreign fund structures with…
Tell HMRC if you've claimed too much Research and Development (R&D) tax relief
HMRC guidance on correcting overclaimed Research and Development tax relief, outlining the obligation for businesses to notify HMRC when they…
New Congressional Data Center Tax Proposals Threaten US AI Investment
Congressional proposals targeting data center tax treatment pose risks to US AI investment, according to Tax Foundation analysis. The proposals…
La tributación directa de los criptoactivos. Un desafío para las administraciones tributarias
This article examines the direct taxation challenges that cryptocurrency and crypto-assets pose for tax administrations. It explores how traditional tax…
From Temporary to Permanent Full Expensing: Strengthening Canada’s Investment Climate
The Tax Foundation examines the economic case for making full expensing permanent in Canada, where temporary measures have allowed businesses…
When are Legal Fees Tax Deductible in Canada? A Canadian Tax Lawyer’s Guide
A Canadian tax lawyer's guide examining when legal fees qualify as tax deductible expenses under Canadian tax law. The article…
Bloomberg: Highland Capital Says IRS Wrongly Taxed Great Recession Hedge
Highland Capital Management is contesting IRS tax treatment of a hedging strategy employed during the Great Recession, arguing the agency…
FBR issues withholding tax rate card for fiscal year 2026-27
Pakistan's Federal Board of Revenue (FBR) has issued the withholding tax rate card for fiscal year 2026-27, providing taxpayers and…
N.Y. Times: Crocs Has a Trick for Dodging Taxes: a Tiny Office in Malta
Crocs, the footwear company, reportedly uses a small office in Malta to reduce its tax burden, according to a New…
The Five Most Pro-Growth Options in the Options Guide
The Tax Foundation analyzes the five most pro-growth tax policy options from a budget options guide, evaluating reforms based on…
Nations Concerned By Nexus For Service Fees In UN Tax Pact
Countries participating in UN tax framework negotiations have raised concerns about nexus rules governing the taxation of service fees under…
When 80P Meets Bank Interest: Nagpur ITAT Reaffirms the View on allowability of deduction of credit cooperative societies
The Nagpur Income Tax Appellate Tribunal (ITAT) has reaffirmed its position on the allowability of deductions under Section 80P for…
Spotting R&D Tax Credit Opportunities in Clients’ Custom AI Projects
Tax practitioners can identify R&D tax credit opportunities for clients investing in custom AI development projects. When businesses build proprietary…
Scuderi: Sovereignty, Outer Space, And Taxation
This academic article explores the emerging question of how taxation principles apply to activities and entities in outer space, examining…
Hyatt Says No Rehearing Needed In $300M Rewards Tax Fight
Hyatt Hotels is opposing a petition for rehearing in a significant $300 million tax dispute involving the taxation of its…
The Tax Adviser: Effect of the new pro rata share rules
The Tax Adviser examines the effect of new pro rata share rules, analyzing how these regulatory changes impact taxpayers. Pro…
Australia’s Federal Court Clarifies Loss Transfers
Australia's Federal Court has issued a ruling clarifying the rules around loss transfers within corporate groups. The decision provides guidance…
Proposed European Union Tax Simplification
The European Union is advancing proposals aimed at simplifying its tax framework, targeting administrative burdens across member states. The initiative…
Canada: Clean Energy Tax Credit Guidance
Canada has released guidance on clean energy tax credits, providing clarity on eligibility criteria, application procedures, and compliance requirements for…
Life Sciences, Artificial Intelligence and the R&D Tax Credit: Navigating Opportunity in a Rapidly Evolving Landscape
The intersection of life sciences, artificial intelligence, and the R&D tax credit presents significant opportunities for companies navigating an evolving…
Finance Group Urges Changes To UK Tax Reporting Rules
A finance industry group is urging changes to UK tax reporting rules, signaling potential regulatory or legislative developments in how…
How ESR and pillar two are converging across the GCC
This article examines the convergence of Economic Substance Regulations (ESR) and Pillar Two rules across Gulf Cooperation Council (GCC) countries.…
Is GST Refund Taxable If It Is Reported in Form 3CD but Not Credited to the Profit & Loss Account? ITAT Bangalore Says No
The ITAT Bangalore ruled that a GST refund is not taxable under income tax merely because it appears in Form…
Trump Says Exxon and Chevron Are Ripping Off Americans, But His Own Policies Are to Blame
ITEP analysis argues that while President Trump has criticized Exxon and Chevron for excessive profits, his own tax and energy…
Australia Seeks Feedback On Extending Gains Tax Rules
Australia's government is seeking public feedback on a proposal to extend its capital gains tax rules, signaling a potential broadening…
16 medidas tributarias para impulsar el dinamismo empresarial
CIAT outlines 16 tax measures aimed at boosting business dynamism and economic growth. The measures span a range of areas…
Wisconsin issues tax bulletin detailing differences between federal and state tax law for 2026
Wisconsin has issued a tax bulletin outlining the differences between federal and state tax law applicable for 2026. The bulletin…
Türkiye Enacts Omnibus Law No. 7590 Overhauling Motor Vehicle SCT and Introducing Nuclear Energy Tax Incentives
Türkiye has enacted Omnibus Law No. 7590, introducing significant changes to the Special Consumption Tax (SCT) framework for motor vehicles,…
ATO Publishes New Guidance on the Income Tax and GST Treatment of Renewable Energy Project Compensation Payments
The Australian Taxation Office (ATO) has released new guidance clarifying the income tax and GST treatment of compensation payments received…
IRS Says Reclassification Of Pot Subverts NM Co.'s Tax Claim
The IRS is contesting a New Mexico cannabis company's tax claim, arguing that the reclassification of marijuana under federal scheduling…
Bermuda Firm Owes UK Tax In £41M Dispute, Tribunal Rules
A UK tax tribunal has ruled that a Bermuda-based firm owes UK tax in a £41 million dispute, finding that…
When measurement is political: Accounting for natural resources and the true location of sales under unitary taxation
This article from Tax Justice Network examines the politically contested nature of measurement in unitary taxation, focusing on two key…
Procedural Lapse Cannot Defeat Substantive Tax Benefit: Telangana High Court Restores Section 115BAA Benefit Despite Delay in Filing Form 10-IC
The Telangana High Court ruled that a procedural delay in filing Form 10-IC cannot deny a taxpayer the substantive benefit…
Section 263 Cannot Override Section 153A for Unabated Years Without Incriminating Material: Bombay High Court Reaffirms Abhisar Buildwell Principle
The Bombay High Court reaffirmed the Supreme Court's Abhisar Buildwell principle, ruling that the Commissioner's revision power under Section 263…
Corporate Settlors Can Owe Inheritance Tax, UK Tribunal Says
A UK tax tribunal has ruled that corporate settlors can be liable for inheritance tax, clarifying an important aspect of…
Valuation Allowances and Three-Year Earnings History: Are We Asking the Right Questions?
This article examines the use of valuation allowances in deferred tax asset assessments, specifically questioning whether the traditional three-year cumulative…
New Hampshire State Tax Updates
This article summarizes recent state tax developments in New Hampshire, covering legislative and regulatory changes affecting businesses and individuals in…
Indonesia: Changes to 0.5% Final Income Tax
Indonesia has introduced changes to the 0.5% final income tax regime applicable to small and medium enterprises (SMEs). This final…
Global Minimum Tax Put to the Test
The global minimum tax under OECD Pillar Two is facing its first major practical tests as jurisdictions implement Qualified Domestic…
EU Inc. Explained: The EU’s 28th Regime for Company Law, VAT & Corporate Tax Implications
The EU is exploring a 28th regime for company law, creating a unified supranational legal form ('EU Inc.') alongside existing…
Maryland Exempts Intercompany Digital Transactions from Sales Tax
Maryland has enacted a sales tax exemption specifically covering intercompany digital transactions, removing the sales tax burden on digital goods…
What are the Capital Cost Allowance (CCA) Continuity Rules in Corporate Reorganizations? Suncor Energy Inc. v. His Majesty the King and CRA Reassessment Risk in Canada
This article examines Capital Cost Allowance (CCA) continuity rules in Canadian corporate reorganizations, using Suncor Energy Inc. v. His Majesty…
The Tax Sham vs. Tax Evasion in Canadian Tax Law: Key Differences and Audit Risks
This article distinguishes between tax shams and tax evasion under Canadian tax law, clarifying how courts and the CRA treat…
Govt Defends Section 43B(h), Rules Out Changes to MSME Payment Compliance
The Indian government has defended Section 43B(h) of the Income Tax Act, ruling out any amendments to MSME payment compliance…
Full Expensing in the United States and Canada Boost Worldwide Investment Climate
This article examines how full expensing policies in the United States and Canada are improving the worldwide investment climate. It…
Accepted Sales Mean Purchases Cannot Be Ignored: ITAT Restricts Bogus Purchase Addition to 1%
India's Income Tax Appellate Tribunal (ITAT) has ruled that when sales are accepted by tax authorities, the corresponding purchases cannot…
From S Corporation to QSBS: Four Paths to Tax-Free Exit
This article outlines four strategies for S corporation shareholders to convert their equity into Qualified Small Business Stock (QSBS) eligibility,…
Meezan Bank loses super tax battle to Federal Board of Revenue
Meezan Bank, Pakistan's leading Islamic bank, has lost its legal challenge against the Federal Board of Revenue (FBR) over the…
Ring, Seim, and Zucman: Personal Holding Companies, Tax Progressivity, and Inequality
Research by Ring, Seim, and Zucman examines how personal holding companies are used to reduce effective tax rates for high-income…
Michigan enacts Housing Opportunity Tax Credit program
Michigan has enacted the Housing Opportunity Tax Credit program, establishing a new state-level tax credit aimed at expanding housing development…
Clean-Energy Projects Face Scrutiny After Tax Credit Rush
Clean-energy projects that rushed to claim Inflation Reduction Act tax credits are now facing increased IRS and Treasury scrutiny over…
Claims Court OKs $49.4M In Cash Grants For Calif. Wind Farm
The U.S. Court of Federal Claims has approved $49.4 million in Section 1603 cash grants for a California wind farm,…
Capital Cost Recovery across the OECD, 2026 Update
The Tax Foundation's 2026 update on capital cost recovery across OECD nations examines how tax systems treat business investment through…
Capital Allowances in Europe, 2026
The Tax Foundation's 2026 edition benchmarks capital allowance regimes across European countries, examining how quickly businesses can deduct the cost…
Libby: Theories of University Endowment Taxation
Academic article examining theories behind the taxation of university endowments. The piece explores the policy rationale, legal frameworks, and competing…
A Competitive Corporate Tax Code is Key to Sustaining Strong Economic Growth
The Tax Foundation argues that a competitive corporate tax code is essential for sustaining strong economic growth. The piece likely…
Bloomberg: Amgen Settles Investor Suit Over Tax Liability for $74 Million
Amgen has settled an investor lawsuit for $74 million related to disclosures about its tax liabilities. The case centered on…
Coffee Co. Says Acquired Biz's Founder Hid Tax Designation
A coffee company has filed suit alleging that the founder of a business it acquired concealed a tax designation during…
Can CPC Apply the Supreme Court’s Checkmate Judgment Retrospectively? ITAT Says No
India's ITAT has ruled that the Centralised Processing Centre (CPC) cannot apply the Supreme Court's Checkmate Services judgment retrospectively to…
FOI release: Number of live Corporate Criminal Offences investigations
A UK Freedom of Information release reveals the number of live Corporate Criminal Offences (CCO) investigations being conducted by HMRC.…
UK tax changes under Andy Burnham and John Healey: what businesses and individuals need to know
This article from Saffery examines UK tax changes introduced under Andy Burnham and John Healey, outlining implications for both businesses…
How Startup Companies Can Use R&D Tax Credits to Reduce Payroll Taxes
Startup companies can leverage R&D tax credits to offset payroll taxes under IRC Section 41(h), a provision particularly valuable for…
Energy Cash-Grant Case Casts Light On Investment Tax Credit
A court case involving energy cash grants is drawing attention to the scope and application of the federal Investment Tax…
The Hidden Costs of Foreign R&D Amortization
An analysis of the foreign research and development amortization provisions under the One Big Beautiful Budget Act (OBBBA), highlighting their…
Strategic QSB Election Timing to Maximize R&D Tax Credit Value for Life Sciences Companies
Life sciences companies structured as qualified small businesses (QSBs) can optimize R&D tax credit value through strategic timing of the…
AI Won’t Shrink Corporate Tax Teams Much. Here’s Why.
This article examines why AI is unlikely to significantly reduce headcount in corporate tax departments. It explores the complexity of…
SC rejects FBR bid to impose 35pc tax on dividend income
Pakistan's Supreme Court has rejected the Federal Board of Revenue's attempt to impose a 35% tax on dividend income. The…
Permanent Establishment Risk for Remote and Ecommerce Businesses
This article examines permanent establishment (PE) risk for remote and ecommerce businesses, a growing concern as digital commerce expands across…
How Withholding Taxes Affect Cross-Border Investment in Europe
An analysis of how withholding taxes on dividends and other investment income affect cross-border investment flows within Europe. The piece…
Reform may owe tax on Nigel Farage’s £5m gift
Reform UK party may face a tax liability on a £5 million gift received, potentially linked to Nigel Farage. The…
Africa Tax in Brief: Latest Regional Tax Developments
This briefing covers the latest tax developments across African jurisdictions, summarizing recent legislative, regulatory, and administrative changes affecting businesses operating…
Corporate tax update – July 2026
Saffery's July 2026 corporate tax update provides a monthly digest of key developments in UK corporation tax, including legislative changes,…
Form: International Tax: UK-USA Double Taxation Convention (form US-Company UK-REIT)
This HMRC form relates to the UK-USA Double Taxation Convention, specifically for US companies receiving income from UK Real Estate…
Form: International Tax: UK Real Estate Investment Trusts (REIT) property income dividends — UK-Japan Double Taxation Convention
This HMRC form facilitates claims under the UK-Japan Double Taxation Convention for Japanese residents receiving property income dividends from UK…
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