The bill makes the 2017 Trump tax cuts permanent, provide tax relief for families and small businesses, and encourage investment and manufacturing in the US.  The US House Ways and Means Committee passed the One, Big, Beautiful Bill (Act) by the

The IRS is reminding US taxpayers living abroad to file their 2024 federal income tax returns and pay any owed taxes by 16 June 2025.  The US Internal Revenue Service has issued IR-2025-61 on 22 May 2025, encouraging US taxpayers living and

Texas Governor Greg Abbott signed three bills into law on 14 May 2025, introducing tax incentives for businesses and securities market operators.  Texas Governor Greg Abbott signed three bills into law on 14 May 2025, offering tax incentives for

The Republican-controlled House advanced President Trump's tax and spending bill on 21 May 2025, clearing a key procedural hurdle and setting it up for a floor vote. US President Donald Trump's massive tax and spending bill passed a key

Japan’s chief trade negotiator, Ryosei Akazawa, said on Monday, 20 May 2025, that Japan continues to negotiate to remove US tariffs in ongoing bilateral trade discussions. He emphasised that Tokyo will not finalise any agreement that could

Alabama Governor Kay Ivey signed the bill (HB 163) on 14 May 2025, which decoupled Alabama from the federal Tax Cuts and Jobs Act (TCJA) treatment of research and experimental (R&E) expenditures. On the same day, the governor also signed a bill