Rep. Suzan Delbene Leads Push to Restore $83 Billion in IRS Funding from Inflation Reduction Act
House Democrats push to restore $83B in IRS funding after 2026 budget cuts, aiming to strengthen enforcement against…
Colorado Graduated Income Tax Backers Rally Canvassers Before August 2026 Petition Deadline
Colorado's Initiative 195 signature drive seeks to replace the flat tax with a graduated system by 2026, targeting…
India to Add Foreign Account Data to AIS: What Nris, Returning Residents and Overseas Investors Must Check
India to add foreign bank and brokerage data to AIS starting July 2026, requiring taxpayers to reconcile overseas…
Thousands of Jobs in Jeopardy Under Labor’s Tax Changes, Mark Bouris Warns
Australian opposition and experts warn the 2026 Budget tax changes could slash thousands of construction jobs and stifle…
Jersey Chases £278m in Unpaid Tax, Offers Interest-Free Instalments for 2019 Debtors
Jersey residents have until September 30, 2026, to choose how to repay £278m in 2019 tax debt, with…
New Income Tax Act, 2025 in Effect but ITR Filing Still Under 1961 Law, Says CBDT
Taxpayers filing by July 31, 2026, must use the Income Tax Act 1961 for FY 2025-26 income, as…
UAE Dirham Conversion Mandated: FTA Directive No. 3 of 2026 on Crypto VAT
UAE FTA Directive No. 3 of 2026 mandates using a three-platform average rate to convert crypto to AED…
GOP Governor Hopefuls Split on Phased Cut to Income Tax
Republican 2026 governor candidates in MI, OH, SC, and GA debate the speed and impact of eliminating state…
CBDT Notifies India–sri Lanka DTAA Protocol Introducing Principal Purpose Test
India adds a Principal Purpose Test to the Sri Lanka tax treaty to curb evasion, effective for income…
Federal Court Invalidates IRS GILTI Rule, Aiding Keysight’s Refund Case and Impacting Abbott Labs
Federal court invalidates IRS GILTI 'disqualified basis rule,' aiding Keysight's $108M refund claim and impacting Abbott Laboratories' 2026…
UK Defi Crypto Tax Relief No Gain No Loss Rule from April 6, 2027
UK to defer DeFi Capital Gains Tax from April 2027, treating protocol deposits as 'no gain, no loss'…
World Cup Winner to Earn $50 Million, IRS Gets a Cut of the Prize
The 2026 tournament winner earns $50 million, but the IRS will tax a significant portion based on U.S.…
Montana Legislature Eyes 4.7% Flat Individual Income Tax by 2027
Montana Senate GOP leaders back a 4.7% flat income tax rate for 2027, aiming to simplify the tax…
IRS Tax Guidance for Prediction Markets Remains Absent Amid Regulatory Uncertainty
The I-R-S has not yet ruled on whether prediction market profits are gambling, capital gains, or Section 1256…