A third party challenging the valuation of a taxable property in the county doesn’t have to prove the statutory conditions for bringing such a case at the time of filing, a divided Ohio appeals court ruled.

Large UK businesses outpaced smaller companies in claiming research and development tax relief for the first time in almost a decade, latest official data showed Tuesday.

The quality of corporate financial reporting is improving in the UK, although cash flow statements that help track liquidity remain error-prone, the country’s watchdog found.

The Illinois Department of Revenue took the first step toward launching the nation’s first tax on digital assets, publishing a draft rule governing the duties of cryptocurrency users and digital asset brokers who must collect and remit the tax beginning Jan. 1.

Opinion: Certain arguments against California's proposed 5% levy on the ultrarich ring hollow in a country where tens of millions of homeowners already pay an annual tax on their property, but the conversation needs a better starting point.

The IRS revoked 71 pieces of guidance that it says are obsolete as part of President Donald Trump’s push for deregulation.

Opinion: Paying for coordinated legal and accounting advice may seem expensive when nothing's wrong. But it's usually far less expensive than reconstructing records, filing years of delinquent returns, and defending assessments after an examination begins.

Legislation creating a national standard for rounding cash transactions to the nearest nickel won approval in the Senate and now heads to President Donald Trump for his signature.

The explosion in data-center spending by Microsoft Corp., Amazon.com Inc., and other tech giants has sparked new scrutiny over a tax break that will save them billions of dollars this year and fuel the breakneck pace of new development.

Opinion: For private schools, tax-exempt status is becoming another enforcement tool in the federal government's heightened scrutiny of race-conscious practices. Those that move first and most carefully will be best positioned when the final rule arrives.

As an adaptable tax which is efficient and continues to evolve alongside the digital economy, VAT offers a valuable lesson for the global tax debate, global tax expert Eugen Trombitas suggests.

A Belgian court ruling clearing the way for the EU’s top court to consider a challenge to the bloc’s global minimum tax rules leaves companies uncertain about their compliance obligations.

Sen. Rick Scott (R-Fla.)'s claims against former IRS contractor and Booz Allen Hamilton Inc. employee Charles Littlejohn belong in federal court in Washington, DC, rather than in Florida, a judge said.

Wall Street’s main financial regulator is spurring the financial industry to put more effort into valuing private assets as those holdings become harder to sell and investor redemption requests surge.

A tax avoidance strategy used by some exchange traded funds is on the IRS’s radar.

Opinion: For private schools, tax-exempt status is becoming another enforcement tool in the federal government's heightened scrutiny of race-conscious practices. Those that move first and most carefully will be best positioned when the final rule arrives.

The explosion in data-center spending by Microsoft Corp., Amazon.com Inc., and other tech giants has sparked new scrutiny over a tax break that will save them billions of dollars this year and fuel the breakneck pace of new development.

A decision barring Texas from imposing franchise taxes on American Airlines Inc.‘s air transportation earnings won’t upend the state’s tax system if left undisturbed because it involved a fact-specific analysis, the company told the state high court.

England’s Premier League football clubs are using player swaps with accounting advantages to outspend other European soccer giants and still meet rules meant to keep their finances in check.

Courts must first determine the economic substance doctrine’s relevance to a transaction before the IRS can raise a challenge under it, a nonprofit taxpayer advocacy organization told the Fifth Circuit, warning of the government’s current “regulation by litigation” approach.

The IRS’s backlog of identity theft cases has reached unmanageable levels, the agency’s watchdog said, frustrating taxpayers awaiting refunds.

Sen. Mark Kelly (D-Ariz.) introduced a bill Thursday that would place three excise taxes on artificial intelligence to feed a federal trust fund dedicated to retraining a displaced American workforce.

Opinion: The prospect of Canada becoming the EU’s first “associate member” raises the practical question of what, if any, constraints such a status would impose on Canadian tax policy.

Deloitte’s pace of annual revenue growth has slowed, affected by a modest uptick in its technology arm, the unit responsible for helping advise companies on adopting artificial intelligence.

Opinion: The success of the IRS's new Office of Conservation Easements will depend on its ability to ensure clear guidance, accessibility to individualized settlements, and improved enforcement targeting.

A federal judge in Dallas said ExxonMobil Corp. can claim 100% of a major tax deduction stemming from its natural gas partnership with the State of Qatar.

Opinion: The Australian Taxation Office has drawn a clear line in the sand on taxing royalties on software and intangibles, meaning multinationals must not wait to test their positions and assess their risk of being audited, say Jones Day attorneys.

The federal government lost as high as $304 billion annually to tax fraud over a seven-year period, a watchdog found Friday.

The owner of a hotel outside Cleveland lost its argument that the property’s value suffered during the first year of the Covid-19 pandemic, with the Ohio Board of Tax Appeals upping the county’s initial valuation.

Manchester City has been found guilty of nearly all 115 charges for breaking Premier League rules, in a seismic ruling that could be a massive hit to one of the world’s top football clubs, according to a person familiar with the process.

Opinion: The direction of travel is increasingly clear: UAE VAT recovery is entering a more sophisticated and demanding phase.

Maryland expects to pay $280 million in sales tax refunds to the state’s electric utility companies following a Maryland Supreme Court ruling in July that broadened a sales tax exemption for production activity.

Tax practitioners in India are looking to a Supreme Court hearing this fall to help resolve a yearslong dispute over the marketing expenses of multinational companies’ Indian arms.

A CFO of a US middle market company pursuing its first international expansion should consider key tax aspects when evaluating the opportunity, writes Cherry Bekaert’s Nelson Yates.

The IRS’s public denunciation of a tribal tax credit it first declared fake almost two years ago gives victims more ammunition to pursue litigation against financial advisers and work out deals with the agency to get out of tax trouble.

A US business group’s complaint against the EU’s minimum tax law merits a ruling from the bloc’s top court despite changes to the law that exempt US companies from key parts of its provisions, according to a top Belgian court.

Opinion: The success of the IRS's new Office of Conservation Easements will depend on its ability to ensure clear guidance, accessibility to individualized settlements, and improved enforcement targeting.

Deloitte’s pace of annual revenue growth has slowed, affected by a modest uptick in its technology arm, the unit responsible for helping advise companies on adopting artificial intelligence.

A decision barring Texas from imposing franchise taxes on American Airlines Inc.‘s air transportation earnings won’t upend the state’s tax system if left undisturbed because it involved a fact-specific analysis, the company told the state high court.

The Trump administration’s picks for the top lawyer job at the IRS and a vacant Tax Court judge spot, passed a procedural hurdle Thursday, bringing them one step closer to getting installed in the roles.

A businessman who calls himself the “Godfather of Good Cannabis” and the marijuana growing company he founded almost 30 years ago are challenging a multi-million IRS tax bill in federal court.

The IRS’s public denunciation of a tribal tax credit it first declared fake almost two years ago gives victims more ammunition to pursue litigation against financial advisers and work out deals with the agency to get out of tax trouble.

The Ninth Circuit on Tuesday affirmed the sentence and dismissed an appeal of a former FBI informant who admitted to providing false information regarding bribes he said were accepted by then-Vice President Joe Biden and his son, Hunter Biden.

The son and executor of a go-kart, bumper car, and miniature golf manufacturer lost a bid for a tax refund after a federal court barred his own testimony for being disclosed too late.

Opinion: The prospect of Canada becoming the EU’s first “associate member” raises the practical question of what, if any, constraints such a status would impose on Canadian tax policy.

A Texas appeals court during oral arguments Tuesday peppered a group of Houston-area government entities with questions over the appropriate legal route taxing units should take to challenge an appraisal district’s authority to grant certain property tax exemptions.

A federal judge in Dallas said ExxonMobil Corp. can claim 100% of a major tax deduction stemming from its natural gas partnership with the State of Qatar.

When misdirected transfers involving irrevocable trusts are discovered, practitioners should characterize the transfers, reconstruct any supportable loans, document the balance in a settlement agreement, and refinance the obligation into a properly structured term note going forward, writes MendenFreiman’s Jeffrey Meek.

Opinion: The prospect of Canada becoming the EU’s first “associate member” raises the practical question of what, if any, constraints such a status would impose on Canadian tax policy.

Opinion: The Australian Taxation Office has drawn a clear line in the sand on taxing royalties on software and intangibles, meaning multinationals must not wait to test their positions and assess their risk of being audited, say Jones Day attorneys.