Companies and Co-Ops Keep Normal Depreciation Under Concessional Tax Regimes. But Lose Additional
Indian companies must choose between lower tax rates and additional depreciation incentives under sections 115BAA, 115BAB, and 115BAD…
Articles by & updated by Sai Sankar
U.S. Tax Compliance Hits 85% Voluntary Rate with Third-Party Reporting and Pre-Filled Returns
A comparison of U.S. and India tax compliance in 2026, highlighting how formal employment and digital reporting tools…
New York Supreme Court Narrows Public Law 86-272 Shield for Online Sellers
New York courts uphold regulations taxing out-of-state online sellers for interactive website features, while blocking retroactive enforcement prior…
Ohio Yet to Join Federal Tax Credit Program for Private School Aid
Ohio has yet to opt into the new $1,700 federal private school scholarship tax credit program starting in…
Australia Targets Foreign Resident Capital Gains Tax Rules with 365-Day Principal Asset Test
Australia proposes sweeping 2026 tax reforms targeting foreign asset tests and domestic CGT discounts to improve housing affordability…
Democrats Push Gas Prices Relief Act to Suspend Federal Gas Tax as Pump Prices Climb
Senators propose suspending the 18.4-cent federal gas tax through Oct 2026 to provide relief as prices soar due…
Louisiana Department of Revenue Reminds Filers to Use Latap Portal for Form IT-540 by May 15
Louisiana 2025 state tax returns and payments are due May 15, 2026. A 3% flat tax now applies,…
Internal Revenue Service Offers Tax Relief as State of Emergency Declared in South Georgia
IRS and Georgia officials announce tax extensions for wildfire victims in south Georgia, moving federal deadlines to Aug…
U.S. Tax Rules Treat Guaranteed Payments and Built-In Gain Allocations in Partner Deals
Learn how U.S. tax rules distinguish between partner roles and third-party transactions regarding guaranteed payments, property sales, and…