The Taiwanese Ministry of Finance Oct. 8 clarified, in English, penalty exemption requirements for businesses issuing supplemental uniform invoices. The clarification includes that businesses must: 1) ...

China’s trade surplus ballooned to $938 billion for the first nine months, keeping it on pace to exceed last year’s record as export growth surged faster than expected in September.

Taxpayers who may be owed refunds for tax penalties paid during the years-long pandemic are getting denial letters from the IRS, the National Taxpayer Advocate said.

A US accounting industry group published an AI framework Tuesday to steer auditors as they vet the balance sheets and revenue of private companies, while the sector’s Washington regulator weighs its ...

The U.S. Court of Appeals for the 7th Circuit held that a taxpayer made and subscribed false tax returns under I.R.C. §7206(1) by signing authorizations under penalty of perjury permitting ...

The IRS has issued a private letter ruling on I.R.C. §168 and Treas. Regs. §§301.9100-1 and 301.9100-3 granting a taxpayer a 60 day extension to make the I.R.C. §168(h)(6)(F)(ii) election ...

The IRS has issued a private letter ruling on I.R.C. §988 and Treas. Regs. §§301.9100 and 1.988 granting a taxpayer a 60-day extension to satisfy identification requirements for integrating ...

The Swedish government has submitted to parliament a raft of amendments to its global minimum tax legislation, including simplification measures agreed at the OECD earlier this year, the finance ...

Sen. Peter Welch (D-Vt.) is urging the IRS to ensure Big Tech companies aren’t subsidizing AI data center construction with the research and experimentation tax credit. “The IRS has a responsibility ...

The California Governor signed a law that includes providing the Franchise Tax Board (FTB) with the discretion to maintain the state income tax-exempt status of an I.R.C. §501(c)(3) nonprofit whose ...

Maine Revenue Services adopted amendments to a rule regarding nonresident individual income tax. The regulation: 1) clarifies that contributions to the state’s Paid Family and Medical Leave program ...

Arizona’s minimum wage is increasing to $15.65 for 2027, up from $15.15 for 2026, according to a newly released minimum wage poster from the Industrial Commission of Arizona. Employers must display ...