American Airlines’ Texas Tax Case Will Test Reach of Federal Law
Florida Asks Justices to Bar California Corporate Tax Rule
The state of Florida is hoping to convince the US Supreme Court that California’s requirement that businesses exclude proceeds from “substantial and occasional” sales from their state tax returns deprives the former state of tax and investment revenue to the detriment of its citizens and businesses.
Pritzker Challenges Plan to Fund Transit With Billionaire Tax
Rich New Yorkers Who Fear Higher Taxes Just Can’t Quit the City
Massachusetts Targets Offshore Corporate Gains After GOP Tax Law
Massachusetts lawmakers see an opportunity in this year’s GOP federal tax law to levy a greater share of multinational corporations’ foreign income, drawing opposition from pro-business groups who argue the law is incompatible with state tax codes.
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Plan to Drop 10-Qs Threatens to Trip Up Analysts’ AI Models
On this episode of Talking Tax, Bloomberg Tax financial accounting reporter Jorja Siemons spoke with Steve Soter, vice president and industry principal at financial compliance platform Workiva, about what steps C-suite leaders can take to mitigate data risks if the SEC reporting schedule shifts.
Florida Asks Justices to Bar California Corporate Tax Rule
The state of Florida is hoping to convince the US Supreme Court that California’s requirement that businesses exclude proceeds from “substantial and occasional” sales from their state tax returns deprives the former state of tax and investment revenue to the detriment of its citizens and businesses.
Boston Weighs Curbs on Driverless Taxis in Threat to Waymo
Boston city councilors are proposing an ordinance that would require
Pritzker Challenges Plan to Fund Transit With Billionaire Tax
American Airlines’ Texas Tax Case Will Test Reach of Federal Law
Wall Street Options Trick Becomes New Loan Hack for the Wealthy
Once a tool for hedge funds and family offices, box-spread loans now sit alongside direct indexing, custom portfolios, and options overlays — all pitched as tax-efficient ways to gain financial control. For affluent investors, they’re a means to stay invested, defer taxes, and unlock liquidity without touching traditional lenders.
Massachusetts Targets Offshore Corporate Gains After GOP Tax Law
Massachusetts lawmakers see an opportunity in this year’s GOP federal tax law to levy a greater share of multinational corporations’ foreign income, drawing opposition from pro-business groups who argue the law is incompatible with state tax codes.
Kentucky County Releases 2026 Local Payroll Tax Rates
Campbell County, Kentucky, released the 2026 payroll withholding tax rates for county localities on its website.
3M, J&J Mass Tort Funder Sues NY Law Firm for Investment Debacle
A litigation investor who ventured nearly $5.3 million for mass tort cases and tax credit claims is suing a New York law firm for failing to bring results.
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Core Scientific Investors Spurn CoreWeave Takeover in Vote (1)
Prophecy Fund Collapse Leading to More Guilty Pleas, US Says (1)
A prosecutor said more people will plead guilty over the 2020 collapse of
AIG to Buy Stakes in Convex, Onex for More Than $2.7 Billion (3)
Flutterwave Plans Pan-African Crossborder Payments in Stablecoin
Nigerian financial-technology firm
NY Financial Services Superintendent Rejoins Sullivan & Cromwell
Adrienne Harris joined Sullivan & Cromwell as of counsel and policy adviser in its New York office, the firm announced Thursday.
Stocks Fall After Fed Pushback as Meta Tumbles 11%: Markets Wrap
Wall Street pumped the brakes on a furious
Tax Your Crypto and NFTs? Yes, the IRS Wants Its Cut
Cryptocurrency and NFTs continue to rise in popularity in the U.S., but many people are still confused about how they are taxed. In this video, a partner at Steptoe & Johnson who specializes in tax policy and cryptocurrency, lays out how different crypto transactions are taxed.
Tax Developments
View MoreIdaho Tax Commission Announces 2026 Property Tax Deferral Program
The Idaho State Tax Commission published a document announcing the 2026 Property Tax Deferral Program. The program allows eligible individuals to defer property taxes on their primary residence and up ...
Illinois DOR Rules Security Equipment Leases Subject to Service Occupation Tax
The Illinois Department of Revenue (DOR) issued a private letter ruling holding that the sale of a service accompanied by a transfer of tangible personal property would be subject to ...
Michigan Court of Appeals Finds Property Tax Foreclosing County Not Entitled to Postsale Expenses
The Michigan Court of Appeals affirmed the trial court, holding that the General Property Tax Act (GPTA) does not allow a property tax foreclosing governmental unit to recover attorney fees ...
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