Mark Zuckerberg said he is considering leaving California if it passes a measure that would impose a one-time, 5% tax on billionaires.

Mark Zuckerberg may move his primary residence outside California if the state’s Proposition 40 is enacted, Meta says in a filing.

Filming activity in Los Angeles across movies, television series, documentaries and commercials fell 4.8% in the third quarter from a year ago, even with the share of productions supported by ...

The U.S. Court of Federal Claims held that a corporate taxpayer could not recover interest and fraud penalties assessed through a civil examination because restrictions applicable to restitution-based ...

The U.S. Tax Court held that partnerships were not entitled to charitable contribution deductions for façade conservation easements because the easement deeds failed to protect the conservation ...

Sixth Circuit judges Wednesday questioned the dismissal of a whistleblower’s bid for $240 million from the IRS, which capped the award at $10 million despite his role to help recover around $1.6 ...

Switzerland will delay by one year the application of OECD guidance restricting the use of certain deferred tax assets in effective tax rate calculations under global minimum tax rules, the federal ...

Democratic Senator Ron Wyden writes Deloitte, EY, KPMG and PwC asking about reports of the accounting firms “advising major clients in the United States and European Union to create tax shelters in ...

Vivek Ratnam joined Sullivan & Cromwell as a partner in its tax group in New York, the firm announced Tuesday. Ratnam advises clients on the federal income tax consequences of complex business ...

The IRS issued a notice on updated interest rates used to determine pension plan funding obligations and benefit values. The guidance provides the corporate bond monthly yield curve and minimum ...

The IRS issued final regulations clarifying the treatment of certain liabilities assumed in I.R.C. §351 exchanges between members of a consolidated group for purposes of determining stock basis under ...

The U.S. Court of Federal Claims held that a taxpayer could not pursue its refund claim because it failed to file an administrative refund claim after paying the disputed tax ...