2026 Tax Rules: Partnership Firms, Llps and NRI Partners Must Check Filing Norms
Guide for Indian firms on navigating the 2026 tax transition, covering the new Income-tax Act 2025, Section 194T…
New Superannuation Ban on Limited Recourse Borrowing for Self-Managed Funds
Australia bans new SMSF residential property borrowing in a Labor-Greens deal; commercial property and existing loans remain unaffected…
Egypt Replaces Capital Gains Tax on Listed Shares with Unified Stamp Duty
Egypt replaced the 10% capital gains tax on listed shares with a 0.05% unified stamp duty on transaction…
IRS Child and Dependent Care Credit Helps Parents Cover Day Camp, but Not Overnight Camp, Costs
Learn how 2026 summer day camp expenses can qualify for the Child and Dependent Care Credit, with limits…
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Coca-Cola Appeals to Eleventh Circuit in $20 Billion IRS Transfer-Pricing Dispute
Coca-Cola heads to the Eleventh Circuit on June 25, 2026, appealing a $20 billion transfer-pricing tax dispute with…
Labor Strikes Deal with Greens to Reform Capital Gains Tax and Restrict Negative Gearing
Labor and Greens agree to restrict negative gearing to new builds and reform capital gains tax by July…
Frank J. Bisignano Backs One Big Beautiful Bill Act Expanding Federal Scholarship Tax Credit to 27 States
The new Federal Scholarship Tax Credit offers a $1,700 credit for K-12 donations starting in 2027, with 27…
Greens Propose Wealth Tax, Inheritance and Gift Tax, and Corporate Profits Levy
New Zealand's Green Party proposes a 2.5% wealth tax and 33% inheritance tax for 2026 to fund income…
King Charles to Reveal Royal Household Tax Details for First Time
King Charles will publish his personal tax bill in the royal household's annual report on June 26, 2026.…
Idaho GOP Delegates Propose Eliminating Both Income and Property Taxes
Idaho GOP delegates propose eliminating state income and property taxes in 2026; current tax laws remain in effect…
Nris Face New Gift Tax Rules Under Income-Tax Act, 2025: Section 92(2)(m) Explained
India's Income-tax Act 2025 replaces Section 56(2)(x) with 92(2)(m), taxing gifts over 50,000 rupees unless from exempt relatives…
2026 Gift Tax Exclusion for Noncitizen Spouse: Limit Is $194,000, Not Unlimited
The 2026 IRS gift tax exclusion for noncitizen spouses is $194,000. Transfers above this limit for non-U.S. citizens…
Labor Faces Senate Fight to Pass Watered-Down Tax Changes
Labor struggles to pass revised tax changes in Australia's Senate as startup founders warn of potential talent exodus…
AICPA Urges IRS to Tighten CP53E Guidance Under Executive Order 14247
The AICPA wants the IRS to clarify CP53E notices as electronic refunds replace paper checks. Millions of taxpayers…