Daily Tax Report ®
SALT Cap Boost in Trump Tax Bill Supersizes New Yorkers’ Refunds
Many New York, New Jersey and California residents are enjoying supercharged tax savings this year from a provision in President
State Tax Breaks for Data Centers Come Under Fire With AI Boom (Podcast)
Data centers have emerged as a major political target in state capitals as they proliferate across the country and elected officials hear voter complaints about the massive, energy-guzzling warehouses.
PODCASTS
Fiscal Stress Permeates Government Accounting Rule Writer's Work
US Tax Carve-Out Beats Retaliation, OECD Business Rep Says
OECD Deal Success Hinges on Implementation, Rep. Estes Says
Making Sense of the Global Tax Carve-Out for US Companies
Columns + Commentary
Danny Werfel By All AccountsMinnesota Probes Reveal That Fraud Prevention Requires Tradeoffs
Andrew Leahey Technically SpeakingVolkswagen Move to Vacate Onshoring Shows US Tariff Policy Flaws
- Andrew Leahey Technically Speaking
NY Budget Leaves the Future Vulnerable to Avoid Political Pain
- Andrew Leahey Technically Speaking
IRS Partnership Audit Brain Drain Is an Opportunity for States
Practitioner Insights
View More Insights
Aditya Singh Chandel
AZB & Partners
Robert Kreklewetz
Millar Kreklewetz
Xavier Segui
NAX Law
Bloomberg Tax Journals
View MoreFuel Tax Refund Implementation Encounters Appropriation Hurdles
Section 6435’s fuel tax refund for downstream parties stalls due to appropriation limitations.
Courts Scrutinize ERISA Fiduciary Process: Are You Prepared?
Recent Supreme Court decisions emphasize that ERISA fiduciary prudence is determined by a well-documented decision-making process rather than just investment outcomes.
Spain Revives Equity Capitalization Reserve as Business Tax Tool
Spain’s 2024 tax reforms offer enhanced equity incentives and holding company benefits, making it a competitive destination for international business structuring.
Tax Developments
View MoreIRS Issues Notice on Guidance to Apply Interim Safe Harbors for Purposes of Determining a Taxpayer’s Material Assistance from Prohibited Foreign Entity
The IRS has issued a notice providing guidance, under I.R.C. §45X, §45Y, and §48E, for determining a qualified facility’s, energy storage technology’s, or eligible component’s material assistance cost ratio (MACR), ...
IRS Issues News Release Providing Guidance on Energy Tax Credits for Assistance from Prohibited Foreign Entity (PFE)
The IRS issued a news release providing guidance for determining eligibility for certain energy tax credits when there is material assistance from a prohibited foreign entity (PFE). The notice outlines ...
U.S. District Court Dismisses Taxpayer’s Refund Claim Due to Improperly Executed Amended Returns
The U.S. District Court for the Northern District of Illinois dismissed a taxpayer’s refund claim due to issues with improperly executed amended tax returns. The taxpayer, a corporation, sought a ...
IRS Shakeup: How Is the US Tax Agency Adapting to Trump's Vision?
Since President Donald Trump took office, the IRS has faced transformative changes, including a substantial reduction in its workforce and the appointment of seven different commissioners or acting commissioners.
Latest Stories
US Homeland Security Department Shuts Down Amid ICE Raid Impasse
The Department of Homeland Security shut down early Saturday amid a congressional funding impasse that shows no sign of ending soon, touched off by backlash over the Trump administration’s widespread and aggressive immigration enforcement raids.
Trump’s Tax Rules Still Unclear to US Clean-Energy Industry
The
The Leon Black Files: Epstein Was Fixer for His Deepest Secrets
Georgia Partnership Challenges IRS $78 Million Easement Denial
The IRS incorrectly rejected a $77.9 million deduction for a conservation easement prohibiting future excavating, dredging, mining, and drilling because the agency failed to properly evaluate the land, a Georgia partnership told the US Tax Court.
FROM ACROSS BLOOMBERG TAX
- Daily Tax Report International
- Daily Tax Report State
- Transfer Pricing Report
- The Exchange: Tax Insights & Commentary
Czech Republic Lower House Considers Resolution to Ratify DTA With Kenya
The Czech Chamber of Deputies Feb. 11 accepted for consideration Resolution No. 105/0, to ratify the DTA with Kenya, signed Sept. 23, 2025. [Czech Republic, Chamber of Deputies, 02/11/26]
France Cabinet Approves Draft Bill to Ratify SSA, Administrative Arrangement With Moldova
The French Council of Ministers Feb. 11 approved a draft bill to ratify the social security agreement (SSA) and its implementing administrative arrangement with Moldova, signed March 10, 2025. [France, ...
Austria to Sign Air Transport Agreement With Uruguay
The Austrian Federal Chancellery Feb. 11 approved Bill No. 40/16, authorizing the signature of an air transport agreement with Uruguay. [Austria, Federal Chancellery, 02/11/26]
United Kingdom Tax Agency Posts Synthesized Text of DTA, Protocol With Panama
The United Kingdom HM Revenue and Customs Feb. 11 posted a synthesized text of the 2013 DTA and protocol with Panama and the Multilateral Convention to Implement Tax Treaty Related ...
United Kingdom Tax Agency Posts Synthesized Text of DTA, Protocol With Argentina
The United Kingdom HM Revenue and Customs Feb. 11 posted a synthesized text of the 1996 DTA and protocol with Argentina, and the Multilateral Convention to Implement Tax Treaty Related ...
European General Court Issues Preliminary Ruling on Polish Input VAT Deduction Rules
The European General Court (EGC) Feb. 11 issued a preliminary ruling for Case No. T-689/24, on Polish input VAT deduction rules. The taxpayer, a Polish gas and electricity clearinghouse, deducted ...
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