Nidec Corp. ’s share plunge has wiped at least $978 million from founder Shigenobu Nagamori ’s personal fortune as the Japanese motor maker grapples with a deepening accounting scandal. Nagamori’s ...

The IRS and Treasury Department are partially withdrawing proposed anti-abuse rules for a controlled corporation’s distribution of stock or securities.

The UK’s accounting watchdog is looking into the work of Manchester City’s long-time auditor BDO, after the Premier League club was found guilty of filing misleading accounts for nine years. The ...

A professional basketball player who played in Japan sued the IRS in US Tax Court, contesting the agency’s rejection of more than $1.28 million in foreign tax credits he claimed on his 2020 and 2021 ...

The IRS successfully implemented four of President Donald Trump’s flagship tax benefits from the 2025 tax-and-spending law, the watchdog said, though compliance concerns remain.

European lawmakers called on national authorities and EU bodies to work more closely to combat cross-border value-added tax fraud, which continues to cost governments billions of euros.

The Trump administration announced $8 billion in aid for farmers to help offset rising fuel costs, a major burden for growers during the harvest.

Countries should focus on applying existing rules rather than creating new artificial intelligence and robot taxes, a top Microsoft Corp. tax executive said Tuesday. Existing frameworks are capable of ...

Dem Proposes Cap Gains-Like Big Loan Tax. Wealthy Americans borrowing against assets to avoid capital gains taxes would be on the hook for a 23.8% excise tax on loans and other li ...

The US Tax Court Monday disallowed most of $39 million in charitable contribution deductions claimed by two Ohio real estate partnerships for historic preservation easements donated over downtown ...

The IRS has published a private letter ruling on I.R.C. §§6001, 6033, and 7428 addressing the taxpayer’s failure to substantiate compliance with recordkeeping and reporting requirements, requiring ...

The IRS has published a private letter ruling on I.R.C. §170 addressing contribution deductibility and determining that donors cannot deduct donations and contributions to the taxpayer. The taxpayer ...