🔍 Unilever's 9.9% retained stake in McCormick's foods spin-off threads § 355 and Exchange Act thresholds simultaneously—and an IRS ruling could define post-spin structure for years.

More at TaxProf Blog: bit.ly/4ssNcm0

#tax #taxlaw #taxpolicy #deals

Marshall and Smith debate growth, taxes and property rights at Williamson County mayoral forum At a public forum April 8, Williamson County mayoral candidates Andy Marshall and Mary Smith offered contrasting approaches on taxes, debt and growth: Marshall emphasized protecting property rights and avoiding tax increases, while Smith prioritized targeted revenue, infrastructure investment and transparency around major local decisions.

In a heated debate, mayoral candidates Andy Marshall and Mary Smith clashed over property rights, taxes, and the future of Williamson County—who do you think has the better vision for growth?

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#WilliamsonCounty #TN #CommunityGrowth #TaxPolicy #CitizenPortal #LocalGovernance

Nvidia CEO Jensen Huang Praises California Despite Exodus Jensen Huang's Apr 10, 2026 remark comes as California carries a 13.3% top income tax and 8.84% corporate tax; Oracle (Dec 2020) and Tesla (Dec 2021) relocations are referenced.

Nvidia CEO Jensen Huang Praises California Despite Exodus: Jensen Huang's Apr 10, 2026 remark comes as California carries a 13.3% top income tax and 8.84% corporate tax; Oracle (Dec 2020) and Tesla (Dec 2021)… 👈 Read full analysis #Nvidia #JensenHuang #California #TaxPolicy #CorporateRelocation

Australia is giving away billions in gas profits Australia’s failure to properly tax gas exports is costing billions in public revenue, even as other countries capture windfall profits for national benefit.

Australia is forgoing billions by under-taxing gas exports while other nations capture windfall profits for the public good, Matt Pollard and Tim Buckley write.
#auspol #Energy #Gas #TaxPolicy #Economy

Our newest fact sheet analyzes H.R.1 (or the "One Big Beautiful Bill Act") and its impact on Black households through taxes and social programs.

Swipe to read ➡️

#HR1 #obba #taxpolicy

Income and Territory: A Purpose-based Reform of Income Sourcing Rules

This paper argues that modern tax systems must rethink source‑based taxation: existing rules are outdated, but purpose‑based reforms could make source a viable foundation for international taxation in a mobile, digital economy. spkl.io/63326A2Cau #TaxPolicy #IntlTax

PVTV, Political Views TV news and views 4/8/26

PVTV, Political Views TV news and views 4/8/26
#EU vs #JDVance #Hungary, #Transnistria, #KerchStrait, #Cameroon, #ATESH, #Iran #CeaseFire, #Trump #Propaganda, #Tariffs, #NorthKorea, #US #TaxPolicy, #PresidentialRecordsAct, #Wisconsin #Georgia
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Council hears FY27 budget briefing; members spar over proposed tax increases and use of reserves Council staff presented the executive’s FY27 recommended operating budget, including a proposed 6.3¢ property tax increase for MCPS and income‑tax rise from 3.2% to 3.3%. Council members debated use of one‑time reserves, a projected FY28 structural gap of roughly $257.3M, and options if taxes are not approved.

Montgomery County's proposed FY27 budget is making waves with a controversial 6.3¢ property tax increase and a looming structural deficit of $257.3 million—sparking a heated debate among council members!

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#MontgomeryCounty #MD #TaxPolicy #CitizenPortal #CommunityInvestment

Middletown council passes series of resolutions on libraries, education aid and state tax policy Councilors approved multiple resolutions: urging the legislature to fully fund library aid at 25%; requesting $15 million in state education-aid amendments for special education, private school transport and homeless-student transport; opposing a statewide non-owner-occupied property tax; and urging full funding of the school housing aid program.

Middletown Town Council takes a stand, pushing for essential funding in libraries and education while opposing a controversial new tax that could burden local residents.

Learn more here

#RI #EducationAid #TaxPolicy #CitizenPortal #LibraryFunding

£1bn Tax Shock Sparks Fears for 25,000 UK Workers Business rates overhaul adds pressure on factories already battling rising costs

Manufacturers warn £1bn tax hit could cost 25,000 UK jobs

#UKManufacturing #JobsAtRisk #TaxPolicy #Economy #BusinessNews #Industry #EconomicImpact #UKJobs #Growth #Finance

www.easterneye.biz/uk-manufactu...

Washington’s new "millionaire's tax" draws scrutiny over structure, business risk and legal challenges Panelists at a Bellevue Chamber event described the 9.9% surcharge on income over $1,000,000 as technically complex, likely to face legal and ballot challenges, and flagged risks that cumulative tax changes could push businesses or wealthy taxpayers to relocate, with cost and implementation questions unresolved.

Washington's new "millionaire's tax" is stirring debate over its complexity and potential impact on businesses—could it drive the wealthy out of the state?

Read the full story

#WA #TaxPolicy #CitizenPortal #BusinessRisks #WealthInequality

(4/4): It was an honor to share what I’ve learned working at the intersection of policy + community.

We need more spaces like this across #PA. If you’d like to talk about budget and tax policy follow @pennpolicycenter.bsky.social + let’s connect.

#TaxPolicy #EconomicJustice #CivicEngagement #Vote

The "big four" #OBBBA individual #tax breaks were built to be felt before #midterms.

Early return data show that there's uptake. The bigger question is whether they'll hold. There are reasons for skepticism.

More at TaxProf Blog: bit.ly/4cqxzGU

#taxlaw #taxpolicy

Washington Millionaire Tax Approved at 9.9% Washington enacts a 9.9% tax on income above $1M (reported Apr 3, 2026); affects high earners, WA-headquartered firms, and state revenue forecasts.

Washington Millionaire Tax Approved at 9.9%: Washington enacts a 9.9% tax on income above $1M (reported Apr 3, 2026); affects high earners, WA-headquartered firms, and state revenue forecasts. 👈 Read full analysis #WashingtonTax #MillionaireTax #IncomeTax #TaxPolicy #HighEarners

District finance chief presents $313.2 million 2026–27 general fund budget and recommends 3.5% millage increase Director Wisdom presented a proposed 2026–27 general fund budget of $313,215,021 and a proposed 3.5% increase in the millage rate; the report also noted a $62,974 loss in annual property tax revenue from negotiations with property owners.

The proposed 2026–27 budget is a staggering $313 million, but will residents be ready for a 3.5% millage increase amid a $62,974 loss in property tax revenue?

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#PA #TaxPolicy #CitizenPortal #PennsylvaniaBudget #PublicFinance

Shippensburg Area SD sees multi‑million shortfall; board weighs index increase, reserves and future borrowing District finance staff presented a 26–27 draft showing roughly $80.2M in expenditures against about $75M in revenue under a 0% tax scenario, leaving a multi‑million gap; the board debated using reserves, raising taxes to the 4.7% Act 1 index and phasing borrowing for $20–30M in capital projects.

Shippensburg Area School District faces a staggering $4.5 million budget deficit as board members weigh tax increases and reserve strategies to bridge the gap.

Learn more here

#PA #TaxPolicy #CitizenPortal #PennsylvaniaSchools #EducationFunding

Senate adopts two-year moratorium on premium-receipts tax collections for captive insurers; SB 890 set for third reading The Maryland Senate on March 26 adopted a floor amendment to Senate Bill 890 creating a two-year moratorium on collecting certain premium-receipts tax liabilities tied to captive insurers used by nonprofit hospitals and directed the Maryland Insurance Administration to report back; senators raised concerns about possible retroactive refund language and voted to special order further consideration to allow additional review.

The Maryland Senate just enacted a two-year pause on premium-receipts tax collections for nonprofit hospitals, sparking a heated debate about potential multimillion-dollar refunds!

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#MD #TaxPolicy #CitizenPortal #InsuranceRegulation #MarylandHospitals #HealthCareReform

Delhi board reviews budget scenarios, aims to hold 2.9% tax levy if state aid holds Superintendent presented options to address a projected roughly $300,000 shortfall tied to state aid uncertainty; staff proposed using fund balance, delaying some equipment purchases, and trimming nonacademic expenditures to maintain a 2.9% tax levy without staff cuts.

Delhi's school district faces a $300,000 budget gap due to uncertain state aid, but leaders are strategizing to maintain essential programs without staff cuts.

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#NY #TaxPolicy #CitizenPortal #CommunityAccountability #EducationFunding #NewYorkBudget

Maple Valley council asks SCA to oppose proposed 0.1% King County transportation sales tax By a 6-0 vote on March 9, the Maple Valley City Council requested that a statement opposing a 0.1% countywide transportation sales tax be included in a draft Sound Cities Association (SCA) policy; the council also signaled support for the rest of the draft policy if a county tax increase occurs.

Maple Valley City Council just voted unanimously to oppose a proposed 0.1% countywide transportation sales tax, signaling strong local sentiment against the increase!

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#MapleValleyKingCounty #WA #MapleValleyTransportation #TaxPolicy #CommunityInvolvement #CitizenPortal

PILOT bill held after staff flags ambiguity in 10‑year sunset language House Bill 1232, a PILOT authorization for certain downtown economic development projects, was held after legislative staff cautioned that a 10‑year sunset could be read to void existing pilot agreements rather than only prohibit new ones; staff said they would draft clarifying language.

House Bill 1232 faces uncertainty as a key sunset provision raises concerns about potentially voiding existing economic development agreements in Baltimore.

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#MD #UrbanDevelopment #TaxPolicy #CitizenPortal #MarylandEconomicDevelopment #LegislativeProcess

York Suburban budget shows roughly $3.5M gap; administration signals larger millage could be proposed Finance staff presented a preliminary 2026–27 budget with $77 million in proposed revenue, an almost $3.5 million projected deficit and recommended levers that include a larger tax increase, use of fund balance and targeted refinements; board members asked for program-level cut scenarios and clear dollar impacts.

The York Suburban School District is facing a daunting $3.5 million budget deficit for the 2026-27 year, prompting calls for tax increases and tough decisions on potential program cuts.

Read the full story

#PA #TaxPolicy #CitizenPortal #PennsylvaniaBudget #CommunityFinance #FiscalResponsibility

Muscatine County supervisors vote 5-0 to approve resolution suspending tax collections The Muscatine County Board of Supervisors voted unanimously to approve 'resolution 0323-26-01' to suspend the collection of taxes; the resolution was approved by roll call 5-0, though the transcript does not specify operational details of the suspension.

In a groundbreaking move, the Muscatine County Board of Supervisors unanimously voted to suspend tax collections, but the crucial details remain under wraps!

Get the details!

#MuscatineCounty #IA #CivicAccountability #TaxPolicy #CitizenPortal #LocalGovernance

Senate subcommittee adopts amendment on commercial aircraft tax, urges replacement funding if levy reduced A South Carolina Senate subcommittee adopted a strike-and-insert amendment to S.436 that changes how commercial aircraft are treated for property-tax assessment and allows fee-in-lieu agreements approved by the state coordinating council; witnesses warned that eliminating airline property tax would remove roughly $5–8 million a year from the state aviation fund unless replaced.

A crucial Senate amendment could reshape how commercial aircraft are taxed in South Carolina, potentially impacting millions in funding for the aviation system.

Learn more here

#SC #AviationDevelopment #TaxPolicy #CitizenPortal #SouthCarolinaAviation #PublicFunding

Department of Revenue official: South Carolina growth slowing from pandemic peak; $1.28 billion in tax cuts reduced recurring revenue A Department of Revenue official briefed legislators that South Carolina's population and income grew strongly during the pandemic but now face a return to more normal, slower growth; the official said enacted tax cuts have removed about $1.28 billion from the income-tax stream and that one-time surpluses, not recurring revenue, will drive near-term budget flexibility.

South Carolina's rapid growth is slowing down, with recent tax cuts slashing $1.28 billion from recurring revenue, raising concerns about the state's financial future.

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#SC #TaxPolicy #CitizenPortal #SouthCarolinaEconomy #PopulationGrowth

Hillsborough board approves tentative 2% school tax-levy direction after divided vote The Hillsborough Township Board of Education voted 5–4 to approve a tentative 2026–2027 budget direction that includes a 2% school tax-levy increase. Administrators said the levy would fund staffing, insurance and capital projects; the tentative budget will be finalized at an April 30 public hearing.

The Hillsborough Township Board of Education narrowly approved a 2% tax levy increase for the 2026–2027 budget, sparking a heated debate over financial stability versus affordability.

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#NJ #TaxPolicy #CitizenPortal #CommunityInvestment #EducationFunding #HillsboroughTownship

Haddon Township School District faces roughly $1.3 million shortfall; board considers 2%--6% tax-levy options District officials told the board the budget shows about a $1.3 million gap driven by state-aid changes and rising insurance costs; staff outlined levy options up to 6% (estimated $17 $31 monthly household impacts) and said a special meeting and public hearing are scheduled before adoption.

Haddon Township School District is facing a daunting $1.3 million budget shortfall and is considering tax-levy hikes that could change the financial landscape for local families.

Learn more here

#NJ #TaxPolicy #NewJerseySchools #CitizenPortal #EducationFunding #BudgetTransparency

Committee advances tax-incentive pilot to test four-day workweek The Committee on Housing and Economic Development cleared language for LD 1865, a tax-incentive pilot encouraging businesses to try a four-day workweek; analysts and the bill sponsor said tax-review issues were resolved and an external institute will collect data at no cost to the state.

Maine is taking a bold step towards a better work-life balance by advancing a tax-incentive pilot for businesses to adopt a four-day workweek!

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#ME #TaxPolicy #CitizenPortal #MaineBusiness #WorkplaceInnovation

When charity no longer means need Australia’s charitable framework now rewards compliance over need, allowing well-resourced institutions and contested activities to sit alongside genuine relief of disadvantage.

Australia’s charity system now allows tax-supported funds to flow to activities that may conflict with the public good.
Charitable status is increasingly defined by compliance rather than need, John Frew writes.
#auspol #Charity #Philanthropy #TaxPolicy

Will California’s Billionaire Tax Pay Off? New Studies Sharply Disagree Two new studies come to vastly different conclusions on the proposed 5% one-time tax on California's billionaires.

Two new studies come to vastly different conclusions on the proposed 5% one-time tax on California's billionaires. Read more: https://ow.ly/9arp50YzWCh #CaliforniaTax #Billionaires #TaxPolicy #AccountingNews #Finance #TaxPros

Some States Consider Tax Holidays as Gas Prices Continue to Rise Gas prices are climbing again across the U.S.—with little clarity on where prices are headed next—spurring proposals for state gas tax holidays in the hopes of offering drivers some relief.

Gas prices are climbing again across the U.S.—with little clarity on where prices are headed next—spurring proposals for state gas tax holidays. Read more: https://ow.ly/TLnP50YzWFl #GasPrices #TaxPolicy #AccountingNews #Finance #TaxPros #Economy