AXIS Capital Holdings Ltd Sees Tax Hit from Bermuda Corporate Income Tax
Bermuda’s new corporate income tax framework introduces a mandatory installment computation deadline on February 2, 2026. Designed to…
Virginia Democrats Propose Millionaire’s Tax with HB 188 and HB 979
New legislative proposals in blue states like Virginia and Washington aim to increase taxes on individuals earning over…
Trump Sues IRS and Treasury Department for $10 Billion Over Tax Leak
A $10 billion federal lawsuit has been filed in Miami by Donald Trump against the IRS and Treasury…
States Face Large New Costs from One Big Beautiful Bill Act for SNAP in October 2026
OBBBA mandates a historic shift in SNAP, forcing states to share benefit costs and face penalties for errors.…
UK Govt Announces Business Rates Relief for Pubs and Live Music Venues
The UK government is providing a 15% business rates discount for pubs and live music venues starting April…
HMRC Pours £1.6 Billion Into Making Tax Digital and IT Overhaul
The UK government has committed £1.6 billion to modernize HMRC’s IT systems, aiming to reduce administrative burdens through…
India and European Union Seal Free Trade Agreement in New Delhi to Transform Trade
India and the EU have finalized a historic Free Trade Agreement after 20 years of talks. The deal,…
Valente Solutions, B&O Tax, Department of Revenue Denies Refund Claim
A significant Washington tax ruling denies a $404,000 refund to Valente Solutions, reinforcing a high burden of proof…
Ohio Distributes Tax Under Senate Bill 56 to Host Community Cannabis Fund
Ohio distributed its first $33 million in cannabis tax revenue to over 100 municipalities under the new Host…
OECD Inclusive Framework Keeps Pillar Two Global Minimum Tax Side-By-Side
Beginning in 2026, U.S. multinationals face new Pillar Two requirements under the side-by-side approach. This guidance offers a…
Guidance Clarifies Inventory Rules Under U.S. Tax Law for Visa Holders
A comprehensive overview for visa holders on managing business inventory for U.S. tax purposes. It distinguishes between immigration…
HMRC Names Five Automotive Businesses for Tax Defaults Exceeding £700,000
HMRC has publicly listed five UK automotive businesses for deliberate tax defaults, totaling over £700,000 in tax and…
Dutch Tax Unrealized Gains Box 3 Actual Return Tax Law January 1, 2028
The Dutch government is transitioning to a 36% tax on actual annual investment returns, including unrealized paper gains,…
EU Parliament Freezes U.S. Trade Vote Over Greenland, Tariffs, Trade Deal
The European Parliament has indefinitely postponed the ratification of a major EU-US trade deal. The freeze was triggered…