News
Arizona Solar Farm Owner Awarded Lower Valuation of Equipment
1+ hour, 19+ min ago (126+ words) news. bloombergtax. com A solar farm owner convinced the Arizona Tax Court that the farm's renewable energy equipment should be valued at its original construction cost rather than its nearly 40% higher sale price. Arizona law requires the state revenue department…...
KPMG Australia Adds Independent Chairman Amid Ethics Crisis (1)
7+ hour, 40+ min ago (101+ words) news. bloombergtax. com KPMG Australia Thursday appointed its first independent chairman as the Big Four firm moves to respond to an ethics scandal that erupted in March. Michael Ebeid has joined as independent chairman, the firm announced, with a mandate…...
Agriculture Labor Bill Seeks to Overhaul Visa Program: Explained
3+ hour, 27+ min ago (119+ words) news. bloombergtax. com A new House bill would bring significant changes to the H-2 A visa program, a top concern for the agriculture sector as farmers and other business leaders struggle with persistent labor shortages. House Agriculture Committee Chair GT Thompson…...
California Bid to Tax Corporate Income From Abroad Hits Dead End
1+ hour, 23+ min ago (101+ words) news. bloombergtax. com California lawmakers settled on a 2027 budget this week that left out a plan giving the state wider authority to tax the foreign income of multinational corporations " a strong indication that the idea is essentially dead this legislative…...
For Female Lawyers, Dress Code Is Part of Leadership Conversation
2+ hour, 29+ min ago (944+ words) Early in my career, I felt as though I was fighting for credibility before I ever opened my mouth. The boxy suits that career services recommended didn't help, and neither did the looks of disbelief I got when senior partners…...
Tiny Digital Sales Transactions Can Add Up To Big EU VAT Issue
2+ hour, 44+ min ago (919+ words) Agentic commerce takes many forms. At one end, AI assistants purchase products on behalf of users inside a chat interface. At the other, software agents transact directly with each other, buying and selling data, processing power, and application programming interface,…...
Truth Be Tolled, Section 7508 A Relief Runs Beyond July 10, 2023
3+ hour, 52+ min ago (889+ words) This article dispels key misunderstandings about these dates and explains why many taxpayers are entitled to interest and penalty relief beyond July 10, 2023. Our April 2021 Bloomberg Tax article was among the first to describe interest and penalty opportunities under Covid-era Section…...
United Health Unit Fails to Undo Wage and Hour Arbitration Loss
14+ hour, 39+ min ago (100+ words) news. bloombergtax. com An arbitration award in favor of a former employee of a United Health Group Inc. subsidiary alleging the company's on-premises rest period directive violated state wage and hour laws can stand after a California appeals court upheld…...
Employers Have Until July 10 on TPS Holders" Work Authorization
15+ hour, 18+ min ago (108+ words) news. bloombergtax. com US Citizenship and Immigration Services is extending work permit expiration dates to July 10 for immigrants affected by a US Supreme Court ruling on the Temporary Protected Status program. The decision allowing the Trump administration to strip removal…...
Postal Service Election Mail Overhaul Blocked by Federal Judge
14+ hour, 49+ min ago (246+ words) The US Postal Service can't impose new requirements on election mail ahead of the midterms due to a deal the government struck during the Covid-19 pandemic, a federal court ruled. A settlement reached in 2021 requires the Postal Service "to prioritize…...