The UK’s accounting watchdog has fined two former finance directors of Carillion Plc, marking what it called the end of its investigations into the construction giant whose 2018 collapse triggered demands for an overhaul of audit regulations.

The agent, Brian Visalli, has denied any intent to cheat the government. He contends his punishment is retaliation for his whistleblower complaints about mismanagement and inefficiency within the agency.

The California Attorney General’s Office announced it filed felony charges against an unlicensed cannabis retailer for evading approximately $7.1 million in state sales tax.

AI changes work itself says Hall Benefits’ Samuel Krause in the second of a two-part article.

Repercussions of an India Supreme Court tax ruling are haunting foreign investors several months later despite government efforts to restore confidence that their interests won’t be damaged.

Opinion: As businesses finalize their first forms to comply with global minimum tax rules, the OECD must move fast to clarify its filing expectations and whether transitional relief will be available.

New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations.

New York City Mayor Zohran Mamdani wants to cut a tax benefit used by some business owners, as part of broader efforts to close the city’s $5.4 billion budget gap.

The IRS is offering a new settlement to taxpayers who took illegitimate conservation easement deductions, a type of tax scheme the agency has battled for more than a decade.

The UK’s accounting watchdog has fined two former finance directors of Carillion Plc, marking what it called the end of its investigations into the construction giant whose 2018 collapse triggered demands for an overhaul of audit regulations.

The agent, Brian Visalli, has denied any intent to cheat the government. He contends his punishment is retaliation for his whistleblower complaints about mismanagement and inefficiency within the agency.

The IRS and Justice Department are appealing a judgment to avoid potentially paying out billions of dollars in refunds to Americans who filed late or paid interest to the IRS during the Covid-19 pandemic.

Bloomberg Tax Insights & Commentary is featuring a recurring questionnaire of prominent tax professionals who are willing to share their thoughts about their work and the practice of tax these days.

Louisiana voters are heading to the ballot box to decide the fate of local business inventory taxes, which generate strong revenue for some parishes but have been costly for large manufacturers and retailers.

NEW: US officials have discussed creating a $1.7 billion federal fund to pay victims of so-called government weaponization to resolve President Trump’s lawsuit against the IRS.

A European Court of Justice ruling in favor of automaker Stellantis will push companies to draft their intercompany transaction contracts more deliberately.

New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations.

The IRS is trying for a third time to try to settle en masse the backlog of litigation involving conservation easement tax breaks, but some attorneys are skeptical this latest effort will yield a different result.

The agent, Brian Visalli, has denied any intent to cheat the government. He contends his punishment is retaliation for his whistleblower complaints about mismanagement and inefficiency within the agency.

The new chair of the US audit board aims to stand up a permanent inspection program for auditors of brokerages by early 2027, he said.

The California Attorney General’s Office announced it filed felony charges against an unlicensed cannabis retailer for evading approximately $7.1 million in state sales tax.

Accounting rulewriters decided to forgo for now a project tackling corporate financial reporting related to research and development activities like the design and testing of artificial intelligence tools.

Opinion: The IRS's filing season review should include practitioner feedback early, as tax professionals can best spot issues such as unresolved notices, delayed refunds, confusing correspondence, and authentication barriers.

Fidelity National Information Services Inc. can’t claim New York’s reduced corporate tax rate for qualified emerging technology companies because not all of its subsidiaries meet the requirements, a state judge ruled in an opinion released Thursday.

President Donald Trump’s signature One Big Beautiful Bill saved Americans money while opening the door to further “pro-growth” tax policies, congressional Republicans claim in a new report on the economy.

Opinion: There's a narrow window for multinational investors to enter one of the world's most resource-rich—though legally complex—energy markets, say Nelson Mullins practitioners.

Senate panel consideration of landmark cryptocurrency legislation could give momentum to a push from lawmakers seeking consensus on a tax framework.

New York’s real estate and business communities are viewing a proposed tax on second homes as the first step in a multi-year push to raise taxes on wealthy residents.

An Idaho man of Mexican descent will get a new trial on charges he aided and assisted in preparing and presenting false and fraudulent tax returns, after a federal appeals court said a racially biased juror may have tainted his guilty verdict.

Opinion: As businesses finalize their first forms to comply with global minimum tax rules, the OECD must move fast to clarify its filing expectations and whether transitional relief will be available.

Stellantis secured a victory at the European Court of Justice, which ruled that the automaker’s price adjustments with local dealers didn’t count as a service, and therefore it didn’t owe value-added tax on those adjustments.

An Ohio man filed a lawsuit against the IRS for disallowing a $130,000 refund stemming from losses he claims resulted from being a victim of a “pig butchering” crypto scam.

A federal appeals court appeared skeptical of the government’s bid to lift a preliminary injunction blocking the IRS from sharing taxpayer data with immigration authorities after mistakenly disclosing thousands of immigrants’ records.

The IRS is offering a new settlement to taxpayers who took illegitimate conservation easement deductions, a type of tax scheme the agency has battled for more than a decade.

AI changes work itself says Hall Benefits’ Samuel Krause in the second of a two-part article.

States that have matched a federal tax break for startup investment gains that mostly benefits wealthier individuals are having a difficult time separating from the policy.

Opinion: The IRS's new method for extending the time to administratively resolve employee retention credit disputes is good news for taxpayers, but litigation in federal court may still be a better option for some.

Opinion: In the Amex case, France's Administrative Supreme Court has reaffirmed the central role of the contract when identifying the recipient of services for VAT purposes in complex intragroup structures.

The European Commission will take EU countries to court if they have excessively low penalties for noncompliance with the bloc’s tax data-sharing rules, a top official warned.

New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers’ property taxes — an unpopular measure he threatened to use to help close a two-year deficit.

Opinion: IRS crackdown on fraud could make it harder for eligible families to claim the adoption tax credit. The agency should publish specific related guidance to make claiming the credit faster and easier, says Andrew Leahey.

Startup Investors’ Widened Tax Break Is Hard for States to Quit

The current effects of AI on retirement plans are operational, fiduciary, and uneven across plan types, says Hall Benefits’ Samuel W. Krause in the first of a two-part article.

The IRS is weighing factors such as applying non-discrimination rules and the choice of trustee as it writes additional guidance for the implementation of Trump Accounts for employers and workers later this year.

Potentially billions of dollars are at stake if tens of millions of Americans claim pandemic-era refunds after a recent court ruling, the National Taxpayer Advocate Erin Collins said.

The Treasury Department is “working diligently” on regulations regarding the enhancement of a capital-gains tax break that benefits investors in startups, an official said.

Opinion: Much is uncertain about the IRS's plans to revise tax-exempt organizations' reporting requirements, but nonprofits meanwhile should conduct internal reviews on Form 990 compliance and stay informed.

The White House is reviewing a plan for the Securities and Exchange Commission to end its decades-old policy that lets companies and people settle enforcement actions without admitting wrongdoing if they also promise not to dispute the allegations.

A recent New York appellate decision upholding the state’s additional income tax obligations on out-of-state online retailers isn’t likely to be the last challenge to that regulation, or to similar rules adopted by other states.

The SEC’s plan to dedicate more staff to investigate audit lapses has triggered fresh uncertainty over the role of the industry’s embattled watchdog.