Tax

The European Union published proposals Wednesday for a 3 percent Digital Turnover Tax on the European B2B revenues of digital giants such as Google, Apple, Facebook, Amazon (termed GAFA in Europe), Uber and Airbnb.

The high court, in a 7 to 2 decision, ruled in favor of a business owner who didn't file taxes and destroyed some of his banking records, finding the omnibus obstruction clause in the Tax Code was overly broad.

The Supreme Court declined to hear a case involving a Colorado cannabis business that refused to cooperate with an Internal Revenue Service audit and turn over business records.

Talks continued on issues like a fix to the new tax law with just days remaining for House and Senate votes to avert a third shutdown this year.

Large digital companies operating in the European Union could face a tax on their gross revenue based on users’ locations.

More rush regulation; figuring reasonable compensation; software versus you; and other highlights from our favorite tax bloggers.

He will serve as the new chief tax officer for transaction tax, following the retirement of Peggi Rockefeller.

Many preparers report a flood of early clients with questions about tax reform.

Sometimes the strategy can eliminate a domino effect of other expensive tax problems down the road, Ed Slott writes.

The session will address the implications of tax reform on tax and accounting firms, and top changes coming for tax years 2017 and 2018.