The Trump administration requested a $1.4 billion cut to the IRS’s annual funding for fiscal 2027, foreshadowing efforts by Republicans to slash the agency’s operating resources for a second consecutive year.
Read more: https://taxnotes.co/4vdMSKu
The richest 0.1 percent of earners worldwide hold around 80 percent of the $3.55 trillion held offshore, more than the entire wealth of the poorest half of the world, according to a new Oxfam analysis.
Read more: https://taxnotes.co/47IIb17
As NASA plans its return to the moon and billionaires dream of colonies on Mars, there's a lot of opportunities in outer space. And as these plans come into focus, so too does the need to determine taxing rights.
Check out the full discussion with Erika Isabella Scuderi: https://taxnotes.co/3OkY07H
The manufacturing industry is urging Treasury to reform the research credit by reducing compliance burdens and allowing factory-floor research to qualify for the credit.
Read more: https://taxnotes.co/4bIwFFw
"How will U.S. Customs and Border Protection return approximately $175 billion in ill-gotten tariff receipts to legions of anxious importers? There’s good reason for the government not to drag its feet," Robert Goulder argues.
The IRS’s sharing of taxpayer data with U.S. Immigration and Customs Enforcement violates the law and contravenes Congress’s authority, according to an amici brief filed by lawmakers.
Read more: https://taxnotes.co/4dcnvSO
Who gets to see your taxes?
Robert Goulder and @joethorndike.bsky.social discuss how public opinion has shaped taxpayer privacy laws from the early days of the income tax to immigration enforcement today.
Opinion: @joethorndike.bsky.social argues that the movement of both the Republican and the Democratic parties toward implementing an income tax paid by fewer Americans is a bad idea.
🎙️ NEW: Erika Isabella Scuderi, visiting assistant professor of tax law at the University of Florida’s Levin College of Law, discusses her proposal for establishing taxing rights in outer space.
Uber filed fraudulent tax forms after its lax screening process permitted applicants to use other people’s personal information to become drivers for the service, according to a newly filed class action lawsuit.
Sen. Rick Scott, R-Fla., is seeking compensatory damages from a former government contractor after his tax information was illegally disclosed by a former employee to several media outlets.
Read more: https://taxnotes.co/4lW7BhQ
A recent IRS motion that included citations “hallucinated” by artificial intelligence could be a harbinger of more AI use — and misuse — by government attorneys, paralegals, and administrative staff in Tax Court cases, tax professionals say.
Read more: https://taxnotes.co/4bYL4xk
"You may find that these high tariffs that you like so much prove to be enormously unpopular, like most regressive taxes are unpopular," @joethorndike.bsky.social said. "And so at the end of the day, it can revive interest in progressive alternatives."
Some criminal tax defense lawyers fret that the IRS’s proposal reinforcing the full payment condition of its voluntary disclosure program could create inequity by allowing the well-off to pay their way out of tax charges.
Americans don’t love taxes (does anyone?) but they have an even bigger issue with tax collectors.
Perspective: Nana Ama Sarfo discusses the upcoming potential renewal of the WTO e-commerce moratorium, and how the debate has expanded as some countries call for increased research into the moratorium's effects on the digital economy.
In the latest episode of "History Is Taxing," Robert Goulder and @joethorndike.bsky.social explore tax collection throughout U.S. history, from tariffs to tax returns, and how the past has shaped Americans’ perception of tax.
🎧 Listen wherever you get your podcasts.
Treasury Secretary Scott Bessent is no longer serving as acting IRS commissioner but will continue performing duties of the vacant role, according to the IRS.
Where did the SALT deduction come from?
Watch Robert Goulder and Joseph Thorndike trace the origins of the state and local tax deduction from its early role in defining state sovereignty to the politics that led to today’s cap. 👇
Convicted sex offender Jeffrey Epstein established tax-advantaged trusts that could help shield his assets after he was indicted in 2006 for soliciting prostitution in Florida, according to documents released by the Justice Department.
New fees will be added to advertisers’ bills for Meta platform ads shown in jurisdictions that enforce location-specific taxes, including digital services taxes in EU countries, Turkey, and the United Kingdom.
Read more: https://taxnotes.co/4dlSzPQ
What is the story behind the SALT deduction?
This week, Robert Goulder and Joseph Thorndike trace the origins of the state and local tax deduction from its early role in defining state sovereignty to the politics that led to today’s cap.
Listen now 👇
How revolutionary are Trump accounts?
Carrie Brandon Elliot compares section 530A child savings accounts with similar accounts in other countries in her latest perspective piece. 👇
"It's kind of ironic that pillar 2 was supposed to set a floor on tax competition, and yet the side-by-side system may end up fueling more tax competition."
Check out Stephanie Soong's discussion about the OECD’s recent pillar 2 side-by-side package deal and how countries are adapting. 👇
How did tariffs make the income tax?
Watch Robert Goulder and @joethorndike.bsky.social explain how America’s first tariffs shaped the nation’s fiscal policy and set the stage for today’s federal income tax. 👇
📞 Calling all students! We are accepting submissions for this year's Tax Notes Student Writing Competition through June 30.
Enter your paper before it's too late!
Learn more: taxnotes.com/students
A bicameral pair of progressive lawmakers introduced legislation that would establish an annual wealth tax on billionaires and direct the revenue to policies benefiting low- and middle-income Americans.
Read more: https://taxnotes.co/4l4r8vT
Could tariffs really replace the income tax?
In the first episode of “History Is Taxing,” Robert Goulder and @joethorndike.bsky.social explore how America’s first tariffs shaped the nation’s fiscal policy and set the stage for today’s federal income tax.
🎧 Listen now: https://taxnotes.co/47jDGty
