Pro Athletes Beat Pittsburgh Jock Tax at State High Court

Professional athletes convinced the Pennsylvania Supreme Court Thursday to strike down a tax the city of Pittsburgh imposed on visitors who earn money at public stadiums.

AT&T, Sprint, T-Mobile Lose California County Tax Rate Challenge

AT&T, Sprint, T-Mobile, and other telecommunication companies’ affiliates failed to convince a California appeals court that Riverside County violated the state constitution by imposing different tax rates for their utility and non-utility property.

Humana Pharmacy Unit’s Income Taxable in Minnesota, Justices Say

Humana Inc. failed to convince the Minnesota Supreme Court on Wednesday that pharmacy benefits management services one subsidiary provided to another aren’t taxable in the state because they were received in Wisconsin.

Mamdani Draws NYC Investors to Advise Him If Elected Mayor

Members of New York City’s business community are forming an advisory group in an effort to guide mayoral candidate Zohran Mamdani if he wins the election in November.

Virginia Poised to Send $400 Tax Rebate Checks to Joint Filers

Virginia taxpayers will begin receiving rebate checks of $200 for individual filers and $400 for joint filers in a few weeks under the state’s one-time tax relief program, Gov. Glenn Youngkin (R) announced Wednesday.

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Hashing Out US-World Tensions on ‘Side-by-Side’ Global Tax Deal

In this episode of Talking Tax, Bloomberg Tax reporters Saim Saeed and Lauren Vella hash out countries’ frustrations over global minimum tax exemptions and discuss the feasibility of coming to an agreement on a “side-by-side” system by Dec. 31, the deadline suggested by the Trump administration.

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Big Tech’s Costly AI Bet Rides on Hundreds of Billions of Debt

Technology firms with vast funding needs to pay for their AI ambitions are striking blockbuster debt deals at the fastest pace in years, taking advantage of near—insatiable investor appetite to lock in financing for initiatives whose ultimate payoff remains uncertain.

Ambipar Gets Emergency Court Protection as Creditors Pounce (1)

Brazilian waste-management company Ambipar Participações e Empreendimentos SA was granted emergency protection against creditors after telling a court it was at risk of financial collapse — capping a bruising month that drove its bonds to record lows.

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.

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Arizona DOR Issues TPT License Renewal Notice

The Arizona Department of Revenue (DOR) issued a news release alerting taxpayers that it will start mailing or emailing renewal notices in Oct. to business owners advising them to renew ...

California CDTFA Releases Collection Procedures for Unpaid Taxes

The California Department of Tax and Fee Administration (CDTFA) released information on collection procedures for taxpayers with unpaid tax or fee amounts due. The information includes various payment options, including ...

Washington DOR Issues Excise Tax Advisory on Use, B&O Tax for Self-Produced Fuels

The Washington Department of Revenue (DOR) issued an excise tax advisory regarding the application of state and local use tax and business and occupation (B&O) tax to self-produced fuels, including ...

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