Tax as deal architecture
In divestitures, tax does more than optimize a chosen structure. Tax influences whether a deal perimeter, legal entity structure, diligence story and separation plan are workable.

Private sector added 122K jobs in May
Employment in the private sector grew by 122,000 jobs last month, payroll giant ADP reported Wednesday, in a positive sign for the economy despite rising inflation and fears of AI displacing entry-level positions.

San Diego rejects tax on second homes left vacant much of year
A budget analyst estimated about 5,100 properties would have been eligible for the tax, generating between $9.2 million to $21.4 million in its first year.

Trump blames court block for collapse of 'weaponization' fund
The administration won't move forward with the fund, a key pillar of the agreement with the IRS and Treasury Department over leaks of Trump's tax information.

Fraud verdict deals blow to short sellers' dwindling ranks
Forensic accounting requires significant resources, including the reserves to fight the legal challenges that are likely to follow.

Trump to drop $1.8B fund in IRS deal, keeps tax probe ban
The Department of Justice will still provide immunity from any probes into the president's past tax filings under a deal agreed to last month.

DeSantis plan to cut Florida property taxes heads to ballot
Florida lawmakers approved a stripped-down version of a proposal from Gov. Ron DeSantis to slash property taxes, removing local school districts from the plan.

Ramp launches Stack for accounting firms
Financial operations platform Ramp announced the launch of Ramp Stack, described as an AI-based operating system built as the company's first product specifically for accounting firms.

Wolters Kluwer to work with OpenAI on new features
Wolters Kluwer announced an expanded enterprise collaboration with OpenAI to develop and release AI native solutions, with a pipeline of new AI-based features.

In the blogs: As a matter of FATCA
Competitive differentiator; non-traditional tax regimes; caught off guard; and other highlights from our favorite tax bloggers.