4+ hour, 50+ min ago  (117+ words) news. bloombergtax. com President Donald Trump has nominated G. Hunter Mc Master II to be assistant Treasury secretary for Financial Markets, though he has been performing the duties of that post since last July. Before joining the Treasury Department, Mc Master…...

8+ hour, 15+ min ago  (89+ words) news. bloombergtax. com SEC advisers underscored Tuesday the need for scaled corporate compliance requirements based on business size to better incentivize smaller companies to enter the public market. A proportional approach to requirements like disclosure obligations could help the Securities…...

3+ hour, 33+ min ago  (89+ words) news. bloombergtax. com California lawmakers advanced a bill out of committee Monday that would change how much of a multinational company's foreign income is subject to the state's income tax. The bill (A. B. 1790) would eliminate a corporate income tax filing option…...

10+ hour, 48+ min ago  (101+ words) news. bloombergtax. com Grant Thornton's private equity-backed US arm plans to acquire the firm's Australian affiliate in a bid to extend the network's increasingly global reach. The board of Grant Thornton Australia has endorsed the proposed deal but its shareholder…...

6+ hour, 21+ min ago  (119+ words) news. bloombergtax. com First Brands Group LLC doled out bonuses to employees who booked accounting adjustments that inflated its profit margins and picked its outside auditor so that the automotive parts supplier could "do what we want." Those and other…...

7+ hour, 3+ min ago  (112+ words) news. bloombergtax. com Major industrial projects seeking written guidance from Canada's tax authority will get priority under a new measure aimed at speeding up construction, according to a budget update released Tuesday by the Department of Finance. The Canada Revenue…...

7+ hour, 58+ min ago  (116+ words) news. bloombergtax. com The US and Croatia signed a protocol amending the income tax treaty between the two countries to incorporate double tax relief and benefit limitation changes, the Treasury Department announced Tuesday. The protocol incorporates key amendments to bring…...

15+ hour, 12+ min ago  (700+ words) The Department of Justice's order last week to reschedule medical cannabis creates a dual system in which medical cannabis is a Schedule III controlled substance while adult-use cannabis remains on Schedule I of the Controlled Substances Act. Medical cannabis businesses…...

17+ hour, 11+ min ago  (1066+ words) AI is changing the practice of tax law. This series examines the ethical, legal, and practical implications of AI across key areas of tax practice. At the doctrinal level, AI literalism is incompatible with anti-abuse doctrines such as economic substance…...

11+ hour, 45+ min ago  (101+ words) news. bloombergtax. com Another perpetrator of a multi-million dollar check cashing scheme designed to evade paying payroll taxes in the New York construction industry has been sentenced to jail. A New York federal judge sentenced Joshua Markovics, a principle for…...