After a string of scandals, the Australian government has set its sights on changing the culture of the Big Four accounting and consulting firms.

A big chunk of Microsoft Corp.’s worldwide profits comes from Ireland, but a much smaller chunk of its global tax bill is paid there, according to data the software giant released Tuesday.

The IRS has scheduled a hearing for July 17 on proposed regulations on a new cap for gamblers deducting their wagering losses.

Opinion: Coca-Cola’s Co.'s ongoing transfer pricing case could be the first major stress test for the post-Loper Bright tax system.

With little time to spare, California Gov. Gavin Newsom (D) signed the state’s $351.7 billion budget, including new levies on software and managed care organizations.

North Carolina lawmakers unveiled a $34 billion budget deal that includes a new 6% prediction markets tax and higher levies on sports betting providers.

Opinion: A proposal to change how the federal government awards hundreds of billions in grant dollars must be managed more diligently than the Lincoln Memorial Reflecting Pool renovation and internal procedures at the IRS, Danny Werfel writes.

Rhode Island’s new tax on second homes is nicknamed for its most famous part-time resident, music superstar Taylor Swift, but the levy will also squeeze owners of saltbox houses on the coast that are much less grand than the singer’s Holiday House mansion.

The House Ways and Means Committee advanced several pieces of tax legislation — the most contentious of which imposes new reporting requirements on nonprofit hospitals. The move is sure to trigger pushback from hospitals and health systems.

The private-sector lawyer tapped to be the next IRS top lawyer earned income for legal services on behalf of a company Congressional Democrats and the New York Attorney General have linked to President Donald Trump.

The IRS has scheduled a hearing for July 17 on proposed regulations on a new cap for gamblers deducting their wagering losses.

New Jersey lawmakers passed a $60.7 billion budget that scales back tax benefit programs for seniors who own property and for large businesses.

The Australian government has proposed an unprecedented overhaul of the way large accounting firms operate as the nation reels from the latest scandal tied to a Big Four firm.

With little time to spare, California Gov. Gavin Newsom (D) signed the state’s $351.7 billion budget, including new levies on software and managed care organizations.

Opinion: A proposal to change how the federal government awards hundreds of billions in grant dollars must be managed more diligently than the Lincoln Memorial Reflecting Pool renovation and internal procedures at the IRS, Danny Werfel writes.

North Carolina lawmakers unveiled a $34 billion budget deal that includes a new 6% prediction markets tax and higher levies on sports betting providers.

Rhode Island’s new tax on second homes is nicknamed for its most famous part-time resident, music superstar Taylor Swift, but the levy will also squeeze owners of saltbox houses on the coast that are much less grand than the singer’s Holiday House mansion.

Opinion: Coca-Cola’s Co.'s ongoing transfer pricing case could be the first major stress test for the post-Loper Bright tax system.

The House Ways and Means Committee advanced several pieces of tax legislation — the most contentious of which imposes new reporting requirements on nonprofit hospitals. The move is sure to trigger pushback from hospitals and health systems.

The private-sector lawyer tapped to be the next IRS top lawyer earned income for legal services on behalf of a company Congressional Democrats and the New York Attorney General have linked to President Donald Trump.

The July 10, 2026, refund deadline has spurred widespread misunderstandings about Covid-era tax relief that may leave many taxpayers claiming less than they are owed, write Ivins, Phillips & Barker’s Jon Holbrook and Spencer Walters.

New York’s strict rules for taxing remote work performed for in-state companies survived another legal attack after a state appeals court ruled Thursday that they conform to federal constitutional protections.

The US Tax Court said it has jurisdiction over whistleblower claims tied to open examinations, but denied a tipster’s award because his $10.85 million underreporting information arrived after the IRS had already concluded its audit work.

Fewer taxpayers received face-to-face help at the IRS’s taxpayer assistance centers during the 2025 tax filing season, the agency’s watchdog found.

The IRS has created an online option for taxpayers who want to claim the pandemic-era disaster relief refunds—an issue that’s still playing out in court.

California lawmakers settled on a 2027 budget this week that left out a plan giving the state wider authority to tax the foreign income of multinational corporations — a strong indication that the idea is essentially dead this legislative cycle.

The House Ways and Means Committee advanced several pieces of tax legislation Wednesday — the most contentious of which imposes new reporting requirements on nonprofit hospitals. The move is sure to trigger pushback from hospitals and health systems.

With little time to spare, California Gov. Gavin Newsom (D) signed the state’s $351.7 billion budget, including new levies on software and managed care organizations.

North Carolina lawmakers unveiled a $34 billion budget deal that includes a new 6% prediction markets tax and higher levies on sports betting providers.

The US accounting board is seeking public feedback on a draft plan addressing how investment companies should measure securities that fall under certain restrictions like lock-up agreements.

New Jersey lawmakers passed a $60.7 billion budget that scales back tax benefit programs for seniors who own property and for large businesses.

Opinion: A proposal to change how the federal government awards hundreds of billions in grant dollars must be managed more diligently than the Lincoln Memorial Reflecting Pool renovation and internal procedures at the IRS, Danny Werfel writes.

The IRS has scheduled a hearing for July 17 on proposed regulations on a new cap for gamblers deducting their wagering losses.

‘Taylor Swift Tax’ Stirs Bad Blood With Rhode Island Homeowners

The House Financial Services Committee advanced a slate of bills Tuesday that would put new limits on certain class action lawsuits and require that the Securities and Exchange Commission take steps to justify new rules before rolling them out, among other provisions.

The Australian government has proposed an unprecedented overhaul of the way large accounting firms operate as the nation reels from the latest scandal tied to a Big Four firm.

A group representing US companies in the EU urged policy makers not to misinterpret the first wave of mandatory public country-by-country tax reports.

Australia proposed sweeping changes to the consulting sector including new powers to police the industry and impose larger fines for poor behavior, following a string of scandals in recent years.

Penn Entertainment Inc. convinced the Indiana Supreme Court to allow the casino operator to exclude unapportioned wagering taxes it paid to other states from its in-state income tax base.

The District of Columbia Council will move on legislation to alter Washington’s tax foreclosure methods after the House Oversight Committee demanded information as to why the District isn’t complying with a 2023 US Supreme Court ruling.

New York City Mayor Zohran Mamdani and City Council Speaker Julie Menin announced a deal on a $125.8 billion final city budget on Tuesday, after days of contentious negotiations.

Opinion: Coca-Cola’s Co.'s ongoing transfer pricing case could be the first major stress test for the post-Loper Bright tax system.

Treasury Secretary Scott Bessent’s top liaison to Capitol Hill, Derek Theurer, is departing the agency this week, according to a person familiar with the matter.

New Jersey lawmakers pushed forward a $60.7 billion spending plan that will reduce how many seniors qualify for a property tax relief program and scale back business tax incentives ahead of their Tuesday deadline.

Tariffs and drug pricing reforms are forcing life sciences companies to confront transfer pricing exposure they may not yet fully see while tax authorities will have the benefit of hindsight, write Charles River Associates’ Robin Hart and Arindam Mitra.

Opinion: Tax advisers must be deliberate about classifying costs and the story behind the underlying research when AI costs don’t fit neatly into traditional categories for federal research and development tax breaks.

Canada’s decision to deviate from global norms in targeting cross-border tax avoidance structures would weaken investment and raise costs for companies, especially those working with entities in the US, tax professionals say.

Deloitte auditors around the world now have access to a new suite of advanced AI agents that can scan media reports for emerging threats and produce first drafts of staff memos.

The private-sector lawyer tapped to be the next IRS top lawyer earned income for legal services on behalf of a company Congressional Democrats and the New York Attorney General have linked to President Donald Trump.

Illinois is exempting Minor League Baseball players from its minimum wage law, under a bill effective June 26.