5+ hour, 35+ min ago  (119+ words) news. bloombergtax. com The UK on Thursday released a new set of draft regulations on its carbon border tax, proposing a methodology for measuring and verifying emissions associated with imported industrial goods. The latest draft rules for the carbon border…...

1+ hour, 31+ min ago  (118+ words) news. bloombergtax. com The European Commission is considering proposing a windfall tax on energy profits, as oil and gas prices remain high due to the war in the Middle East, a top official said Thursday. Valdis Dombrovskis, the EU economy…...

17+ hour, 47+ min ago  (63+ words) news. bloombergtax. com Some of the dividend deductions taken by Varian Medical Systems Inc. must be disallowed because the medical device and software manufacturer didn't directly hold shares of controlled foreign corporations for which the deductions were claimed, the US…...

19+ hour, 43+ min ago  (93+ words) news. bloombergtax. com Accounting rule writers are asking the public for feedback on a draft plan that aims to improve state and local governments" financial reporting for bridges, tunnels, and roads. The Governmental Accounting Standards Board issued an exposure draft…...

19+ hour, 42+ min ago  (121+ words) news. bloombergtax. com The German Finance Ministry on Wednesday issued draft legislation that would add to its global minimum tax reporting requirements a list of jurisdictions that have applied the tax domestically for companies" reference. Among countries listed that have…...

20+ hour, 30+ min ago  (118+ words) news. bloombergtax. com Former Prime Minister Giuseppe Conte called on Italy to increase its engagement with other nations including China after US President Donald Trump has repeatedly targeted Europe with tariffs and threatened to undermine transatlantic security. "Donald Trump and…...

16+ hour, 52+ min ago  (661+ words) Artificial intelligence is putting accounting firm leaders on alert for workers well-versed in using and managing the new tools as the industry invests heavily in modernizing workflows. Firms should be staying attuned to the talent market and updating their salary…...

1+ day, 3+ hour ago  (803+ words) Influential Democrats are embracing broad tax cut plans for working-class Americans with an eye toward winning control of Congress in November and the White House in 2028. While Democrats have typically focused on cutting taxes for their base, these ideas go…...

1+ day, 3+ hour ago  (764+ words) The employee retention credit was intended to provide financial relief to businesses affected by the Covid-19 pandemic. Yet, more than five years later, many ERC claims remain unresolved. Some are still in IRS processing, while others are under examination, in…...

1+ day, 21+ hour ago  (121+ words) news. bloombergtax. com Activist investor Guy Wyser-Pratte blasted the Italian government's reported plan to replace Leonardo Sp A Chief Executive Officer Roberto Cingolani, warning the move would amount to political interference that risks harming shareholders and undermining market confidence. "If…...