_Heads_To_Appeals_Court_In_$20_Billi_3bc49ca8.jpg "A red Coca-Cola bottle cap rests inside a clear acrylic block.")
Coca-Cola Appeals to Eleventh Circuit in $20 Billion IRS Transfer-Pricing Dispute
Coca-Cola heads to the Eleventh Circuit on June 25, 2026, appealing a $20 billion transfer-pricing tax dispute with…
Labor Strikes Deal with Greens to Reform Capital Gains Tax and Restrict Negative Gearing
Labor and Greens agree to restrict negative gearing to new builds and reform capital gains tax by July…
Frank J. Bisignano Backs One Big Beautiful Bill Act Expanding Federal Scholarship Tax Credit to 27 States
The new Federal Scholarship Tax Credit offers a $1,700 credit for K-12 donations starting in 2027, with 27…
Greens Propose Wealth Tax, Inheritance and Gift Tax, and Corporate Profits Levy
New Zealand's Green Party proposes a 2.5% wealth tax and 33% inheritance tax for 2026 to fund income…
King Charles to Reveal Royal Household Tax Details for First Time
King Charles will publish his personal tax bill in the royal household's annual report on June 26, 2026.…
Idaho GOP Delegates Propose Eliminating Both Income and Property Taxes
Idaho GOP delegates propose eliminating state income and property taxes in 2026; current tax laws remain in effect…
Nris Face New Gift Tax Rules Under Income-Tax Act, 2025: Section 92(2)(m) Explained
India's Income-tax Act 2025 replaces Section 56(2)(x) with 92(2)(m), taxing gifts over 50,000 rupees unless from exempt relatives…
2026 Gift Tax Exclusion for Noncitizen Spouse: Limit Is $194,000, Not Unlimited
The 2026 IRS gift tax exclusion for noncitizen spouses is $194,000. Transfers above this limit for non-U.S. citizens…
Labor Faces Senate Fight to Pass Watered-Down Tax Changes
Labor struggles to pass revised tax changes in Australia's Senate as startup founders warn of potential talent exodus…
AICPA Urges IRS to Tighten CP53E Guidance Under Executive Order 14247
The AICPA wants the IRS to clarify CP53E notices as electronic refunds replace paper checks. Millions of taxpayers…
PPF, Sukanya Samriddhi, and Sovereign Gold Bonds Stay Tax-Free Under New Regime
India's 2026 tax strategy shifts focus from deductions to exempt maturity proceeds for products like PPF, NPS, and…
Reinvest in House or Bonds: Section 54EC vs Long-Term Capital Gains Under Income-Tax Act
Learn how to use Sections 54, 54F, and 54EC to reduce Indian capital gains tax on property sales…
Australian Trust Income: Will Earnings Inside Family Trusts Be Taxed at 47%?
Avoid the 47% tax rate on Australian family trusts by making valid income distributions and trustee resolutions before…
Supreme Court Rules GST Applies to One-Time Lease Premium in Land Deals
India's Supreme Court confirms 18% GST on long-term lease premiums for commercial plots, while leasehold assignments remain a…