Bloomberg Tax (@tax)

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Opinion: Former IRS Commissioner Danny Werfel says leaders who respond to the Trump administration's mass layoffs and agency dismantling with a shrug aren't escaping a broken system—they’re helping to break it. news.bloombergtax.com/tax-insights-a…

tax's tweet card. Former IRS Commissioner Danny Werfel says leaders who respond to the Trump administration’s mass layoffs and agency dismantling with a shrug aren’t escaping a broken system—they’re helping to break...

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Bloomberg Tax@tax · Jul 24

Opinion: Bristows experts look at share option plans available in the UK and US and discuss what factors British businesses should consider when navigating between the two systems. news.bloombergtax.com/daily-tax-repo…

tax's tweet card. Attorneys from Bristows look at share option plans available in the UK and US and discuss what factors British businesses should consider when navigating between the two systems.

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Bloomberg Tax@tax · Jul 23

Opinion: Former IRS Commissioner Danny Werfel says leaders who respond to the Trump administration's mass layoffs and agency dismantling with a shrug aren't escaping a broken system—they’re helping to break it. news.bloombergtax.com/tax-insights-a…

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Bloomberg Tax@tax · Jul 23

Opinion: Tax Foundation's Daniel Bunn says President Donald Trump's new tax law will offer national economic growth if the administration prioritizes investment, sorts out policy priorities, and works on the implementation details. news.bloombergtax.com/tax-insights-a…

tax's tweet card. Tax Foundation’s Daniel Bunn says President Donald Trump’s new tax law will offer national economic growth if the administration prioritizes investment, sorts out policy priorities, and works on the...

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Bloomberg Tax@tax · 2 h

Securities industry officials, bankers, and other multinational companies spent millions of dollars lobbying in the second quarter on issues including the GOP’s proposed “revenge tax” in the party’s $3.4 trillion tax-and-spending bill. news.bloombergtax.com/daily-tax-repo…

tax's tweet card. Securities industry officials, bankers, and other multinational companies spent millions of dollars lobbying in the second quarter on issues including the GOP’s proposed “revenge tax” in the party’s...

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Bloomberg Tax@tax · 8 h

Delta Air Lines Inc. failed to convince the Oregon Supreme Court on Thursday that the state should be barred from taxing its goodwill, intellectual property, and other intangible assets. news.bloombergtax.com/daily-tax-repo…

tax's tweet card. Delta Air Lines Inc. failed to convince the Oregon Supreme Court on Thursday that the state should be barred from taxing its goodwill, intellectual property, and other intangible assets.

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Bloomberg Tax@tax · 11 h

House Speaker Mike Johnson is betting the upfront rewards from President Donald Trump’s tax law will carry his party in the 2026 midterm elections, allowing Republicans to defy US political convention and hold on to their House majority. news.bloombergtax.com/daily-tax-repo…

tax's tweet card. House Speaker Mike Johnson is betting the upfront rewards from President Donald Trump’s tax law will carry his party in the 2026 midterm elections, allowing Republicans to defy US political convent...

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Bloomberg Tax@tax · 14 h

The IRS has sovereign immunity against a taxpayer’s claim that the agency wrongly continued to collect taxes from him in spite of an installment agreement, a federal district court ruled. news.bloombergtax.com/daily-tax-repo…

tax's tweet card. The IRS has sovereign immunity against a taxpayer’s claim that the agency wrongly continued to collect taxes from him in spite of an installment agreement, a federal district court ruled.

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Bloomberg Tax@tax · 17 h

House Ways and Means Committee Republicans are calling on the IRS to withdraw guidance that broadened the agency’s ability to apply the economic substance doctrine in audits of related-party partnerships. news.bloombergtax.com/daily-tax-repo…

tax's tweet card. House Ways and Means Committee Republicans are calling on the IRS to withdraw guidance that broadened the agency’s ability to apply the economic substance doctrine in audits of related-party partne...

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Bloomberg Tax@tax · 20 h

Crypto’s Wealth Pitch Grows on Tax Trades as 401(k) Push Builds news.bloombergtax.com/daily-tax-repo…

tax's tweet card. As Washington looks to open upAmerica’s $9 trillion in retirement savings to alternative assets — a shift that may pave the way for crypto — Eaglebrook Advisors Inc. offers a glimpse into how digital...

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Bloomberg Tax@tax · 23 h

Chicago’sChief Financial Officer Jill Jaworski said the city will likely seek to raise property taxes to address next year’s budget deficit. news.bloombergtax.com/daily-tax-repo…

tax's tweet card. Chicago’sChief Financial Officer Jill Jaworski said the city will likely seek to raise property taxes to address next year’s budget deficit.

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Bloomberg Tax@tax · Jul 24

The IRS has sovereign immunity against a taxpayer’s claim that the agency wrongly continued to collect taxes from him in spite of an installment agreement, a federal district court ruled. news.bloombergtax.com/daily-tax-repo…

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Bloomberg Tax@tax · Jul 23

IRS tax examiners and revenue agents—employees who review returns and conduct audits—were among the hardest hit by recent cuts at the agency, a watchdog said Tuesday, echoing prior reports. news.bloombergtax.com/daily-tax-repo…

tax's tweet card. IRS tax examiners and revenue agents—employees who review returns and conduct audits—were among the hardest hit by recent cuts at the agency, a watchdog said Tuesday, echoing prior reports.

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Bloomberg Tax@tax · Jul 23

Staffing shortfalls and intricate new policies are complicating efforts at the Treasury Department and IRS to meet President Donald Trump’s tight deadlines for churning out guidance on his multi-trillion-dollar tax bill. news.bloombergtax.com/daily-tax-repo…

tax's tweet card. Staffing shortfalls and intricate new policies are complicating efforts at the Treasury Department and IRS to meet President Donald Trump’s tight deadlines for churning out guidance on his multi-tr...

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Bloomberg Tax@tax · Jul 23

Nathan Boidman addresses the rules, in place or being considered, for Pillar Two for the push down of taxes paid by one corporation of a group to or for the benefit of another. news.bloombergtax.com/tax-management…

tax's tweet card. Nathan Boidman addresses the rules, in place or being considered, for Pillar Two for the push down of taxes paid by one corporation of a group to or for the benefit of another.

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Bloomberg Tax@tax · Jul 23

A new, long-sought $60 billion tax break on companies’ interest payments stands to save cable and telecommunications providers like Charter Communications and drug makers like AbbVie millions of dollars a year. news.bloombergtax.com/daily-tax-repo…

tax's tweet card. A new, long-sought $60 billion tax break on companies’ interest payments stands to save cable and telecommunications providers like Charter Communications and drug makers like AbbVie millions of...

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Bloomberg Tax@tax · Jul 23

Baker McKenzie practitioners explain what the OBBBA’s international tax changes mean for taxpayers subject to Pillar Two and Inclusive Framework members that seek to deliver on the G7 statement. news.bloombergtax.com/tax-management…

tax's tweet card. Baker McKenzie practitioners explain what the OBBBA’s international tax changes mean for taxpayers subject to Pillar Two and Inclusive Framework members that seek to deliver on the G7 statement.

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Bloomberg Tax@tax · Jul 23

House Republicans have threatened to hold up funding for the US accounting standard setter over expanded income tax disclosures set to hit to corporate financial statements early next year. news.bloombergtax.com/financial-acco…

tax's tweet card. House Republicans have threatened to hold up funding for the US accounting standard setter over expanded income tax disclosures set to hit to corporate financial statements early next year.

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Bloomberg Tax@tax · Jul 22

IRS tax examiners and revenue agents—employees who review returns and conduct audits—were among the hardest hit by recent cuts at the agency, a watchdog said Tuesday, echoing prior reports. news.bloombergtax.com/daily-tax-repo…

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Bloomberg Tax@tax · Jul 22

Elizabeth Askey, the chief of the IRS Independent Office of Appeals, will exit the agency Sept. 1, according to a person familiar with the situation. news.bloombergtax.com/daily-tax-repo…

tax's tweet card. Elizabeth Askey, the chief of the IRS Independent Office of Appeals, will exit the agency Sept. 1, according to a person familiar with the situation.

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