Opinion: Plante Moran’s Jessica Wargo explains Pillar Two compliance challenges in the US. btaxgo.com/3XNQkBH

Partnerships do not have to provide further proof in declaring their assets under the Bipartisan Budget Act of 2015, US Tax Court ruled in a case related to an audit of a Michigan-based limited liability company. btaxgo.com/reZQ3l6

The European Commission is threatening to refer six countries to the top European court unless they provide details of their implementation of the global minimum tax within two months. btaxgo.com/4Bu6tAt

A bill requiring California cities to disclose how much sales tax revenue they give to retailers in exchange for the companies assigning online sales to their locations to boost revenue passed the Assembly on Wednesday. btaxgo.com/dPlFReW

Opinion: To preserve tax fairness that underlies voluntary tax compliance, the OECD should leave room for facts-and-circumstances exceptions to part of its global tax treaty. btaxgo.com/R2itfAb

The global minimum tax is turning out to be a huge compliance hurdle for many multinationals. btaxgo.com/HCokvjS

The IRS will continue its partnership with tax preparation companies for another five years. btaxgo.com/qIvXGNp

Opinion: K&L Gates’ Marty Pugh and Jim Goettsch explain the new risks when purchasing clean energy credits. btaxgo.com/B4QbkRc

The design of the global minimum tax is making large multinational companies vulnerable to disputes with countries all over the world. btaxgo.com/LUrNaLt

The IRS will continue its partnership with tax preparation companies to provide taxpayers with an additional option to file for free for another five years. btaxgo.com/DNTQkgU

An insurance company and an agent filed suit Tuesday in federal court in Texas, challenging provisions of a Biden administration rule that restricted the sale of fixed indemnity insurance.

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South Carolina is the latest state to regulate earned wage access services, under a bill that will go into effect on Nov. 21.
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A ruling that leaves Amazon Services holding a $12.5 million tax bill on past sales could expose other taxpayers to retroactive liabilities, three amicus briefs warned the South Carolina Supreme Court. btaxgo.com/F1uHfRs

Valero Marketing and Supply launched another lawsuit seeking federal alternative fuel tax credits, this time claiming an excise tax refund of up to $37.2 million for biomass-derived pentane bends. btaxgo.com/BKjOBtu

The IRS will continue its partnership with tax preparation companies to provide taxpayers with an additional option to file for free for another five years. btaxgo.com/kFCFapv

The global minimum tax is turning out to be a huge compliance hurdle for many multinationals, especially those with subsidiaries spread out in hundreds of cities across the globe. btaxgo.com/33m11M1

The design of the global minimum tax is making large multinational companies vulnerable to disputes with countries all over the world—and halfway into 2024, there’s no tool to resolve them. btaxgo.com/BZgBP6n

US multinational companies are dissolving their overseas holding companies and reshoring ownership of their subsidiaries to delay paying the new 15% global minimum tax—perhaps indefinitely. btaxgo.com/5iGLIxx

Opinion: Weil, Gotshal & Manges' Devon Bodoh, Theo Agbi, and Carlos Parra review proposed rules for digital assets, saying that defining 'broker' more narrowly could help staunch reporting mismatch risks. btaxgo.com/2uToiHW

Senator Ron Wyden (D-Ore.) demanded information into the tax practices of Pfizer, expanding his panel’s probe into the profit-shifting practices of US drug companies. btaxgo.com/9EUatUh