Tax dept used AI to issue income tax notice; Bombay High Court quashes notice, calls process unfair to taxpayer

Bombay High Court rules against AI-based tax scrutiny, cancels Rs 22-crore notice issued by Income Tax Department ...

SmallBusinessTaxes.com Launches to Help Entrepreneurs Unlock Advanced Tax Strategies and Maximize Savings

Co-founded by CPA Parker Moffat and entrepreneur Nate Nead, the new platform helps small business owners move beyond simple tax filing to ...
Opinion

Head tax hitting up the rich would hurt everyday Chicagoans

Mayor Brandon Johnson’s proposed head tax, which would charge businesses with more than 100 employees $21 for every job created, would devastate grocery and restaurants chains of all sizes — not just ...

Zohran Mamdani's $5 Billion Corporate Tax Hike Threatens NYC's Status as the World's Financial Capital

Zohran Mamdani has put forth many bold—and expensive—proposals in his New York City mayoral bid, including childcare for all, ...

City Council majority declares opposition to Mayor Johnson's corporate head tax

Rules Chair Michelle Harris (8th), Transportation Chair Greg Mitchell (7th) and Black Caucus Chair Stephanie Coleman (16th) ...
Los Angeles Times

Corporate tax breaks are exploding the federal deficit. Guess who profits from that

This is read by an automated voice. Please report any issues or inconsistencies here. Business tax breaks cut federal revenues by $77 billion this year, fattening the pockets of rich corporate ...
AOL

Hiltzik: Corporate tax breaks are exploding the federal deficit. Guess who profits from that

The most famous quip ever uttered about the federal budget is the one attributed to Sen. Everett Dirksen (R-Ill.), who served 34 years in the House and Senate until his death in 1969: "A billion here, ...
The Topeka Capital-Journal

Big Beautiful Bill corporate tax cuts accelerate Kansas budget hole

A Kansas budget analyst predicts federal tax cuts will accelerate the state's projected budget shortfall. The state's budget hole, previously expected in fiscal year 2029, may now arrive a year ...
The Boston Globe

Businesses, unions wage war on Beacon Hill over proposal to raise taxes on offshore corporate income

Are state lawmakers feeling GILTI right now? The people who brought us the Fair Share Amendment — aka the millionaires tax — are counting on it. The union-backed Raise Up Massachusetts coalition ...
RealClearMarkets

A Corporate Tax Increase Would Bring Back the Inversions

When Congress passed the Tax Cuts and Jobs Act in 2017, one of the most important pro-growth provisions was the corporate tax rate reduction. The lower corporate rate led to increased investment, ...
Morningstar

Alvarez & Marsal Tax Strengthens Its Capabilities with the Launch of the Global Corporate Transaction Tax and Advisory Practice

The practice welcomes five new Managing Directors to support complex cross-border transactions and drive strategic value for clients amid accelerating global M&A activity The CTTA practice is led by ...
CoinTelegraph

US Senate to hold hearing on crypto taxes as IRS offers relief on corporate tax

The US Senate Finance Committee is holding a hearing on Wednesday on crypto asset taxation, following the IRS’s release of relief guidance on the Biden-era CAMT tax. The US Senate Finance Committee ...