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A service for political professionals · Saturday, May 3, 2025 · 809,168,575 Articles · 3+ Million Readers
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Tax News Monitoring

  • Published on 05:06 GMT

    Business restructuring: unveiling a hidden tax and the valuation implications

    With major shifts in the global economy – such as the Trump 2.0 tariff war in the US, the UK’s Finance Act 2025 impacting inheritance tax for non-domiciles, and the rising trend of ‘reverse flipping’ in the startup ecosystem driven by India’s attractive …

    Source: International Tax Review - Neutral
  • Published on 12:11 GMT

    Delay now on cards for alcohol excise tax

    Delay now on cards for alcohol excise tax The Ministry of Finance could delay a change in special consumption tax to 2027 and instead introduce a softer roadmap for tax increases on alcohol, aiming to ease business pressure and maintain market stability. …

    Source: Vietstock - Pending
  • Published on 05:03 GMT

    FBR initiates large-scale audits with external auditors to improve tax compliance

    The Federal Board of Revenue (FBR) is set to launch a comprehensive audit initiative targeting income and sales taxpayers, in a move to bolster its tax compliance efforts.  According to media resorts, the FBR has announced plans to conduct a series of …

    Source: Profit by Pakistan Today - Neutral
  • Published on May 2, 2025

    Louisiana LNG Tax Break Could Cost Local Communities $2.8 Billion

    When Australia’s Woodside Energy Group announced April 29 that it plans to move forward with its Louisiana LNG export terminal, the state hailed the move as the “largest single foreign direct investment and greenfield project in Louisiana history.” It  …

    Source: DeSmog - Left-wing
  • Published on May 2, 2025

    Tax Cuts And Jobs Act Could Expire At End Of 2025 Without Congressional Extension: What This Means For You

    Donald Trump and the Republicans won control of the presidency, the House of Representatives and the Senate in the 2024 election. With Republican control, an extension of the 2017 tax bill was expected to be a priority, but it is moving slowly. What …

    Source: Benzinga - Neutral
  • Published on May 2, 2025

    Report says more than 25K Michigan jobs threatened if IRA tax credits are canceled

    Since former President Joe Biden launched billions in grants, loans, tax breaks and other efforts incentivizing clean energy development through the Inflation Reduction Act, or IRA, Michigan has proven itself as a leader in the sector. However, a recent …

    Source: Michigan Advance - Left-wing
  • Published on May 2, 2025

    Op-ed: Saving the Investment Tax Credit is key to American energy resiliency

    The United States’ energy future is facing a critical time. Demand for electricity is surging — driven by AI data centers, reshoring of manufacturing and electrification of industry — and the electric grid is under unprecedented strain. According to a …

    Source: Solar Power World - Neutral
  • Published on May 2, 2025

    Does the status quo sell? Republicans who want to make Trump’s tax cuts permanent are about to find out.

    Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. If they succeed, it would avert a tax hike that could draw political blowback, and in the eyes of Republicans, spare the economy from serious …

    Source: The Boston Globe - Massachusetts - Neutral
  • Published on May 2, 2025

    Employers add 177K jobs, cut 900 in accounting

    The U.S. Bureau of Labor Statistics issued an unexpectedly robust jobs report Friday, with employment increasing by 177,000 jobs for the month, while the unemployment rate remained unchanged at 4.2% despite cutbacks in the federal government and fears of a …

    Source: Accounting Today - Neutral
  • Published on May 1, 2025

    IRS Filing Deadline Fast Approaching For Many Tax-Exempt Organizations

    Charitable organizations may have a May 15 filing deadline. getty Tax season isn't over just yet. Tax-exempt organizations with a calendar year-end (December 31) must file a return or request an extension by May 15, 2025. Due Dates The annual filing …

    Source: Forbes - Neutral
  • Published on May 2, 2025

    Aiwyn Transforms Accounting Technology Landscape with the First Modern Platform

    Aiwyn, the first complete platform for modern accounting firms, today announced a major milestone in its evolution to become the trusted technology partner for leading firms. Following a landmark capital infusion led by KKR and Bessemer Venture Partners in …

    Source: GlobalFinTechSeries - Neutral
  • Published on May 2, 2025

    What the House GOP is proposing in its first draft of Trump’s sweeping tax and spending cuts package

    (CNN) — House Republicans are starting to put some meat on the bones of their sweeping tax and spending cuts package, otherwise known as President Donald Trump’s “big, beautiful bill.” The package aims to extend the GOP’s 2017 Tax Cuts and Jobs Act, as …

    Source: Crossroads Today - Texas - Neutral
  • Published on May 2, 2025

    Improving national tax culture

    The International Monetary Fund has agreed to lower Pakistan’s tax collection target for the ongoing fiscal year from Rs 12.97 trillion to Rs 12.35 trillion, a move that highlights the inability of Federal Board of Revenue (FBR) to meet its commitments …

    Source: Business Recorder - Neutral
  • Published on May 2, 2025

    PRESS RELEASE: State Sales Tax Revenue Totaled $4.2 Billion in April

    TEXAS, May 1 - (AUSTIN) — Texas Comptroller Glenn Hegar today said state sales tax revenue totaled $4.24 billion in April, 7.1 percent more than in April 2024. The majority of April sales tax revenue is based on sales made in March and remitted to the …

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  • Published on May 2, 2025

    Accounting Firms Aim Higher as AI Handles the Heavy Lifting

    Pinion Global, one of the nation’s largest midsize accounting partnerships, is betting that artificial intelligence (AI) can do more than crunch numbers. In March, the Denver-based firm added Adaptive AI, a platform that automates data capture and basic …

    Source: PYMNTS.com - Massachusetts - Neutral
  • Published on May 1, 2025

    Tax Fraud Blotter: Unhealthy habits

    Insult to injury; lack of progress; gone fishing; and other highlights of recent tax cases. Los Angeles: Christopher Kazuo Kamon, former longtime head of the accounting department at a now-shuttered personal injury law firm, has been sentenced to 10 years …

    Source: Accounting Today - Neutral
  • Published on May 1, 2025

    Arkansas Makes NIL Income Tax-Exempt. Will Other States Follow?

    FAYETTEVILLE, AR - SEPTEMBER 4: Trelon Smith #22 of the Arkansas Razorbacks celebrates after ... More scoring a touchdown. (Photo by Wesley Hitt/Getty Images)Getty Images In April 2025, Arkansas became the first that taxes income to exempt NIL income …

    Source: Forbes - Neutral
  • Published on May 1, 2025

    Report: End of Trump tax cuts would add an average of $4.5K per filer in WA

    (The Center Square) – Washingtonians can expect to get hit hard in the wallet – to the tune of more than $4,500 – if the Trump tax cuts are allowed to expire at the end of the year. A new National Taxpayers Union Foundation report predicts higher taxes in …

    Source: The Black Chronicle - Oklahoma - Left-wing
  • Published on May 1, 2025

    Tax And Troubles In Estate Administration On The Loss Of A Spouse

    The silhouettes of tombstones and a trees in a cemetery that dates back to 1710. (Photo by Jerry ... More Cooke/Getty Images)Getty Images When a person dies in the US or as a US citizen, anywhere, an often lengthy estate administration process begins …

    Source: Forbes - Neutral

02 days 14:04:01

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