Bloomberg Tax Journals

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How Technology Is Transforming Transfer Pricing Compliance

As scrutiny from tax authorities intensifies and transparency requirements grow, technology should be utilized and integrated into transfer pricing compliance procedures, say Grant Thornton practitioners.

UK’s Serious Civil Tax Investigations Lack a Deterrence Effect

Ongoing low staffing in HMRC’s Fraud Investigation Service has caused fewer cases to be opened and reducing yields for HMRC, says a Pure Tax Investigations practitioner.

Employee Retention Credit Rules Are Still Progressively Evolving

Although the Employee Retention Credit expired over three years ago, claims are still being adjudicated, and taxpayers should strategize on how to expeditiously get refunds or handle disallowed claims, says a KPMG practitioner.

Tax Developments

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Case: Accuracy-Related Penalties Upheld, Supervisory Approval Timely (11th Cir.) (IRC §6751)

The U.S. Tax Court properly upheld the IRS’s imposition of accuracy-related penalties against Taxpayers, the U.S. Court of Appeals for the Eleventh Circuit held, affirming the Tax Court’s decision. Taxpayers, ...

IRS CCA: Clarifying Large Erroneous Refund, Associated Penalty (IRC §6676)

The Chief Counsel’s Office advised on the applicability of IRC §6676 to large erroneous refunds and associated penalties. The guidance clarifies that Section 6676 of the tax code should be ...

IRS Internal Revenue Bulletin: I.R.B. 2025-39 Released

The IRS has published its Internal Revenue Bulletin. The bulletin includes REG-129260-16, regarding the withdrawal of a notice of proposed rulemaking for disclosure of returns and return information in connection ...

Companies Face Tariff-Induced Transfer Pricing Audit Risks

Enrolled Agents Anticipate IRS Chaos for Next Tax Filing Season

Congressional Deadline on Shutdown Deal Adds to IRS Challenges

IP Poses Risks, Opportunities for Companies' Tariff Planning

Best Buy, Apple, Others Make Millions From California Tax Deals

A few dozen California cities have lucrative deals with retail giants like Apple, Best Buy, and Nike. These deals result in the cities paying millions of dollars from their local tax revenue back to the companies. In this video, we explore how these deals work and what some city and state lawmakers are hoping to do about it.

Latest Stories

US Attorney on James Mortgage Probe Resigning Under Pressure

A federal prosecutor in Virginia is resigning from his post after being told by Trump administration officials that he’d be removed for not bringing mortgage fraud charges against New York Attorney General Letitia James, according to two people familiar with the matter.

FROM ACROSS BLOOMBERG TAX

Daily Tax Report InternationalDaily Tax Report StateTransfer Pricing ReportThe Exchange: Tax Insights & Commentary
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  • The Exchange: Tax Insights & Commentary

Jersey Announces 2026-2029 Budget

The Jersey Government Sept. 16 announced the 2026-2029 budget. The budget includes measures to: 1) increase, to 21,250 Jersey pounds (US$28,792) from 20,700 pounds (US$28,047), the individual income tax threshold, ...

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