McKesson Tax Bill is Justified Even With Loper Bright, DOJ Says
The IRS has the authority to impose a rule that led to a $9.6 million tax bill against
The European Union is developing plans to cut taxes on renewable energy and make electricity systems more flexible as high costs continue to weigh on the region’s economy.
Current US rules governing the tax treatment of inbound corporate transactions are outdated and can block foreign companies that would like to become American, law firm Sullivan & Cromwell told the IRS Friday, urging removal of the regulations entirely.
Prominent global producer of analog semiconductors
The Hungarian tax and customs authority published guidance Thursday on how global minimum tax reporting and related international information exchange under EU rules will operate for in-scope entities.
Proposals to increase wealth taxes by those vying to become the next UK prime minister risk raising little extra revenue and could hit economic growth, according to new analysis.

The Montenegrin Government June 4 released a draft bill to ratify the air services agreement with Saudi Arabia, signed June 27, 2025. [Montenegro, Government Portal, 06/04/26]
The Argentine Treasury June 5 posted a synthesized text of the 2013 DTA and protocol with Spain, and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base ...
The Belarusian Official Gazette June 4 published the text of the DTA with Jordan, signed Dec. 16, 2025. [Belarus, Government Legal Database, 06/04/26]
The IRS has the authority to impose a rule that led to a $9.6 million tax bill against
The OECD’s proposed changes to its transfer pricing guidelines might prompt governments to push further into companies’ business activities, tax professionals say.
Liberty Global is asking for the entire Tenth Circuit to rehear its $110 million tax refund appeal, arguing that a panel decision against the telecommunications company will cause broad confusion for taxpayers.
A UK tribunal rejected an appeal by Barclays entities seeking tax savings, including a one-off £21 million ($28 million) benefit, by adding a US subsidiary to their UK value-added tax group.
Singapore is seeking public comment on its planned implementation of a January agreement that exempts US companies from key parts of the global minimum tax.
Barclays Bank Plc will have another chance to defend its accounting treatment of funds raised during the 2008 financial crisis, after a UK court allowed its appeal of a ruling against it over an $800 million tax deduction.
The Organization for Economic Cooperation and Development offered remedies to a series of technical issues facing companies attempting to file their first global minimum corporate tax returns.
US importers and trading partners must be close to despair. Threats are made, deals are announced, but nothing is ever settled.
Robust taxpayer protection policies, transparent AI governance, strong data integrity practices, and meaningful human oversight are essential to ensuring that digital transformation enhances rather than undermines fairness, KPMG practitioners, Christian Wiesener, Barbara Mbaebie, and Akaoma Osele, say.
Sweden’s Finance Minister
The
The easiest way to understand crypto used to be to look at
Lawyers in court battles over FTX’s collapse are accusing attorneys for one group of plaintiffs of filing a legal brief with AI-generated hallucinations.
FTX co-founder
Matt Levine discusses universal basic AI stocks, public markets are the new private markets because of their reliance on private markets, an ETF tax break, and some of the potential of prediction markets.
Gibson Dunn & Crutcher has one of the best seats in Madison Square Garden for the most anticipated New York sporting event in years.
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