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American Airlines’ Texas Tax Case Will Test Reach of Federal Law

American Airlines Inc.‘s decade-long challenge to Texas’ franchise tax will give a branch of the state appeals court the chance to determine, for the first time, whether it runs afoul of a federal law limiting state taxation of air travel.

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

Illinois Governor JB Pritzker said a proposal to tax billionaires’ assets and enact other levies to help fund the Chicago region’s transit system won’t advance in its current form.

Rich New Yorkers Who Fear Higher Taxes Just Can’t Quit the City

David Bahnsen doesn’t have to live in New York City. His $8 billion wealth management firm, the Bahnsen Group, is headquartered in Orange County, California. A conservative who’s on the board of National Review magazine, Bahnsen finds the city’s liberal policies “contemptible.” Most of all, he dislikes NYC’s tax rates, the highest in the nation, which he argues actually deprive the city of precious revenue by pushing away wealthy people like him.

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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Accounting Firm Mergers Driven by Need to Grow Tech, Talent Pool

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Smith + Howard

Texas Plan to Ban Securities Taxes Would Bolster Business Image

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IRS Furloughs Present a Strategic Opportunity for Businesses

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Rich New Yorkers Who Fear Higher Taxes Just Can’t Quit the City

By Ben Steverman and Emily Flitter

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

Boston Weighs Curbs on Driverless Taxis in Threat to Waymo

Boston city councilors are proposing an ordinance that would require Alphabet Inc.’s Waymo and other autonomous ride-share services to have a human operator present in the vehicle.

Pritzker Challenges Plan to Fund Transit With Billionaire Tax

Illinois Governor JB Pritzker said a proposal to tax billionaires’ assets and enact other levies to help fund the Chicago region’s transit system won’t advance in its current form.

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

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)

Core Scientific Inc. shareholders rejected a takeover bid by CoreWeave Inc. that proxy advisers said undervalued the data center company, ending a contentious monthslong saga.

Prophecy Fund Collapse Leading to More Guilty Pleas, US Says (1)

A prosecutor said more people will plead guilty over the 2020 collapse of Prophecy Asset Management, which the US says cost investors $294 million.

AIG to Buy Stakes in Convex, Onex for More Than $2.7 Billion (3)

American International Group Inc. agreed to buy stakes in specialty insurer Convex Group and alternative asset manager Onex Corp. in transactions that total more than $2.7 billion.

Flutterwave Plans Pan-African Crossborder Payments in Stablecoin

Nigerian financial-technology firm Flutterwave Inc. plans to allow payments on its platform using stablecoins – digital tokens pegged to the dollar — as businesses seek to bypass traditional providers that are slower and more expensive.

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 stock rally after the Federal Reserve tempered expectations for a December rate cut and Meta Platforms Inc. tumbled 11% as the giant is taking on debt to fund its artificial-intelligence push.

Trust Still Owes Tax After $191 Million Pharma Stock Settlement

The former shareholder of a pharmaceutical business owes additional tax on a portion of its $191 million settlement payout following a squeeze-out merger, after the Third Circuit determined Thursday that the shareholder couldn’t convert what was ordinary income into capital gains.

Meta’s 2026 Plan to Spend Even More on AI Shakes Investors (2)

Mark Zuckerberg warned that Meta Platforms Inc. will need to spend even more aggressively on artificial intelligence in the year ahead, reigniting concerns from investors who sent its shares plunging on concerns that the massive investments won’t pay off.

Stellantis Warning on Charges Overshadows Revenue Gain (2)

Stellantis NV said it expects one-time charges in the second half of the year as political, economic and regulatory pressures force the automaker into making strategic changes.

Mexican Economy Contracts and Reignites Recession Concerns (1)

Mexico’s economy contracted slightly in the third quarter, a sign that President Claudia Sheinbaum’s plans to stimulate growth despite simmering trade tensions with the US are falling short, reigniting concern of a recession this year.

Gold Pushes Higher as Market Digests Outcome of Xi-Trump Meeting

Gold advanced following a run of losses, as traders digested the outcome of a meeting between US President Donald Trump and Chinese leader Xi Jinping.

French Lawmakers Push Tax Hikes on Buybacks, ‘Superdividends’

France’s National Assembly backed a series of tax-raising amendments overnight, casting fresh doubts on whether the government can secure final approval for the 2026 budget by year-end.

Italy Gazettes Law Ratifying DTA, Protocol With Kosovo

The Italian Official Gazette Oct. 28 published Law No. 154, ratifying the DTA and protocol with Kosovo, signed June 22, 2021. The law enters into force Oct. 29. [Italy, Official ...

South Africa Tax Agency Announces Removal From FATF List of Jurisdictions Under Increased Monitoring

The South African Revenue Service Oct. 24 announced the country’s removal from the Financial Action Task Force’s (FATF’s) List of Jurisdictions Under Increased Monitoring (Grey List), given its compliance with ...

Stellantis Warning on Charges Overshadows Revenue Gain (2)

Stellantis NV said it expects one-time charges in the second half of the year as political, economic and regulatory pressures force the automaker into making strategic changes.

Mexican Economy Contracts and Reignites Recession Concerns (1)

Gold Pushes Higher as Market Digests Outcome of Xi-Trump Meeting

Gold advanced following a run of losses, as traders digested the outcome of a meeting between US President Donald Trump and Chinese leader Xi Jinping.

French Lawmakers Push Tax Hikes on Buybacks, ‘Superdividends’

France’s National Assembly backed a series of tax-raising amendments overnight, casting fresh doubts on whether the government can secure final approval for the 2026 budget by year-end.

Prophecy Fund Collapse Leading to More Guilty Pleas, US Says (1)

A prosecutor said more people will plead guilty over the 2020 collapse of Prophecy Asset Management, which the US says cost investors $294 million.

Meta’s 2026 Plan to Spend Even More on AI Shakes Investors (2)

Adler Pelzer’s Bondholders Sign NDAs as Debt Talks Step Up

Some Adler Pelzer Holding GmbH bondholders have signed non-disclosure agreements, a sign that talks between the auto parts maker and its creditors over a potential debt refinancing have stepped up.

Stablecoin Accounting Treatment Requires More Than Semantics

The debate over the accounting treatment of stablecoins matters not only to companies, accountants, and auditors, but also to investors, regulators, and markets. Clear financial reporting underpins investor confidence and financial stability by extension.

Bolivia Govt Files Bill for $54.8M in Foreign Loans to Congress

Bolivia’s government has submitted two new foreign loans totaling $54.8m to Congress for approval, Planning and Development Minister Sergio Cusicanqui said during a webcast press conference.

Argentina Gets Good Signs in Appeal of $16 Billion US Award (1)

The government of Argentine President Javier Milei got reason to hope that its recent political and economic victories would continue in the legal arena when US appeals judges signaled openness to overturning a $16 billion court judgment against the South American nation.

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.