Tax Notes
@TaxNotes
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Your #1 source for everything tax. News, commentary, analysis. Nonpartisan nonprofit. #LetsTalkTax & #TaxTwitter | Follow our journalists: https://t.co/1qgIlqOjrz
Falls Church, VA
Joined January 2012
Perspective: Kathleen K. Wright continues her examination of California’s new market-based sourcing regulations, explaining how they apply to intangibles. https://t.co/Fc123bGM4i
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Perspective: Philip Laroma Jezzi revisits the 𝘈𝘱𝘱𝘭𝘦 state aid decision of the EU’s Court of Justice and asks whether there is more to it than some critics have suggested. https://t.co/fgcuQTa0Xb
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The plan was clean. The escape? Not so much. Midway City doesn’t play fair. Wishlist this 4-player coop heist FPS on Steam today.
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Perspective: Michael N. Kandev examines current transfer pricing guidelines in Canada and compares them with proposed changes in the 2025 budget. https://t.co/I58OOGwKBD
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Perspective: Thomas Gray examines conversions of private funds into registered investment funds and their income tax consequences. https://t.co/aoY9bG1UeR
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Perspective: Billy Hamilton examines incentives for manufacturing plants producing electric vehicle batteries, focusing on one that opened this year in Kansas. https://t.co/8KbpRudbNs
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Kids Ride the Ferry Free thru Jan 4, to Midtown & Downtown, NYC. Free Shuttles to Attractions. Watch Video. Click for Routes & Schedules.
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Twenty-eight productions will receive $7 million in total tax credits, the first awards granted under Massachusetts's new live theater incentive program. https://t.co/oU1IMT37ST
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Foregone revenues from tax relief measures can be substantial and should be evaluated as they can be ineffective, distort economic choices, and benefit certain groups of taxpayers, the European Commission said. https://t.co/K5RUavA8RE
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As Texas Republican leaders continue competing to define the party's property tax agenda, Lt. Gov. Dan Patrick (R) is proposing to further increase the state’s homestead exemption and significantly expand eligibility for senior property tax benefits. https://t.co/9lZjS3Bve8
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A major taxpayer group challenging a 2024 California apportionment law won’t appeal the superior court decision favoring the state. https://t.co/e2RJE7dCHv
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Side-by-side system negotiations meant to allay the United States' pillar 2 concerns will be on everyone’s mind at the upcoming Economic and Financial Affairs Council meeting, despite not being on the agenda. https://t.co/yPrVAcZCIm
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JUST IN: The IRS has issued proposed regs (REG-101952-24) clarifying that for purposes of taxing the income of foreign governments from investments in the United States, a partnership is not a controlled entity. https://t.co/2v05k0nV8m
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The United States is still confident that agreement will be reached on a carveout for U.S.-headquartered companies from pillar 2 global minimum tax rules despite objections from some governments, a @USTreasury official said. https://t.co/sVUCkRXp79
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The Senate unanimously advanced a bill to give taxpayers who are affected by natural disasters more time to meet filing and payment deadlines. Read more from @cady_stanton: https://t.co/jBvlgUx3Ze
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A taxpayer’s attempt to reclassify her dog as a dependent for tax purposes lacks merit and is likely to fail, a federal magistrate judge ruled. Read more: https://t.co/KXPcR6Ss5H
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NEW: @cady_stanton, @KatieLobosco, and @jtcurry005 discuss updates on the biggest tax issues of the year, including the expiring Affordable Care Act credit and the Trump administration's recent tariff and trade announcements. 👇
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Republican lawmakers say plans remain up in the air on a second reconciliation bill in 2026, despite indications from President Trump that he believes the move might not be necessary for his legislative agenda. More from @cady_stanton: https://t.co/BcCpUeZZjA
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JUST IN: The IRS has issued final regulations (T.D. 10042) on the taxation of the income of foreign governments from investments in the United States. https://t.co/vmucV7znm0
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No clear plan emerged to save the expiring Affordable Care Act tax credit after the Senate voted down two opposing healthcare bills. @KatieLobosco and @cady_stanton explain the latest: https://t.co/Ig1L9BNLAx
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Amazon has agreed to pay €500 million to Italy’s Revenue Agency to settle the administrative side of a VAT probe into marketplace sales by non-EU third-party sellers, though the settlement does not halt the criminal proceedings. https://t.co/U48V8WTsgP
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Treasury @SecScottBessent accused states declining to align their income tax codes with several tax provisions of the One Big Beautiful Bill Act of obstructionism. Read more from @alexrifaat: https://t.co/BtQMYv53Az
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