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href="/daily-tax-report/bc-partners-sued-over-8-billion-petsmart-spin-deal-with-apollo" data-test="article-link"><img src="https://news-api.bloomberglaw.com/v1/resize-image?url=http%3A%2F%2Fbloomberg-bna-brightspot.s3.amazonaws.com%2F79%2F68%2F69090cf44892b1255df179663020%2Fchewy.jpg&width=585&height=390&fit=cover" srcset="https://news-api.bloomberglaw.com/v1/resize-image?url=http%3A%2F%2Fbloomberg-bna-brightspot.s3.amazonaws.com%2F79%2F68%2F69090cf44892b1255df179663020%2Fchewy.jpg&width=585&height=390&fit=cover, https://news-api.bloomberglaw.com/v1/resize-image?url=http%3A%2F%2Fbloomberg-bna-brightspot.s3.amazonaws.com%2F79%2F68%2F69090cf44892b1255df179663020%2Fchewy.jpg&width=1170&height=780&fit=cover 2x" class="MainStoriesCard_image_1B2M2"><header><!----><h2 class="MainStoriesCard_headline_1B2M2 MainStoriesCard_largeheadline_1B2M2">BC Partners Sued Over $8 Billion PetSmart Spin Deal With Apollo</h2></header></a><div class="MainStoriesCard_summary_1B2M2"><p><a href="https://www.bloomberglaw.com/company/ticker/1447800D%20LN%20Equity">BC Partners LLP</a> engineered an unfair <a href="https://www.bloomberglaw.com/company/ticker/PETM%20US%20Equity">PetSmart LLC</a> spinoff that saddled <bw-company data-stock-symbol="CHWY" class="company" data-name="Chewy Inc" data-url="http://www.chewy.com/" data-urn="urn:blp:company:US:CHWY">Chewy Inc.'s</bw-company> investors with potentially huge liabilities over a side deal with <bw-company data-stock-symbol="APO" class="company" data-name="Apollo Global Management LLC" data-url="http://www.agm.com/" data-urn="urn:blp:company:US:APO">Apollo Global Management Inc.</bw-company>, according to an unsealed lawsuit.</p></div><!----></article></div></div><div class="MainStories_story_1B2M2 MainStories_secondaryStories_1B2M2"><div class="MainStories_card_1B2M2"><article data-test="main-stories-card" class="MainStoriesCard_card_1B2M2"><a 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Bessent as Treasury Pick</h2></header></a><div class="MainStoriesCard_summary_1B2M2 MainStoriesCard_hideSummaryAndImage_1B2M2"><p>President-elect <bw-person data-terminal-id="1252249" data-id="00000161-7702-d8ae-adf9-ffa618cf0000" class="person" data-name="Donald John Trump">Donald Trump</bw-person>’s transition team is preparing to announce that he has selected <bw-person data-terminal-id="17479780" data-id="00000161-7711-d8ae-adf9-ffb56f370000" class="person" data-name="Scott Bessent">Scott Bessent</bw-person>, who runs macro hedge fund <bsp.bb.link state="{"bbHref":"bbg://securities/1349902D%20US%20Equity","_id":"00000193-5644-dab6-a5d3-f67eccef0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Key Square Group</bsp.bb.link>, as the next US Treasury secretary, according to people familiar with the matter.</p></div><!----></article></div><div class="MainStories_card_1B2M2"><article data-test="main-stories-card" class="MainStoriesCard_card_1B2M2"><a 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playerCount="0" index="2" class="EpisodeCard_article_1B2M2"><img srcset="https://db0ip7zd23b50.cloudfront.net/dims4/default/6d8ed5e/2147483647/legacy_thumbnail/160x160%3E/quality/90/?url=http%3A%2F%2Fbloomberg-bna-brightspot.s3.amazonaws.com%2Ff4%2F54%2F4b5452ab45c196ba37107e4ff894%2F2023-talking-tax1000x1000.png, https://db0ip7zd23b50.cloudfront.net/dims4/default/6d8ed5e/2147483647/legacy_thumbnail/160x160%3E/quality/90/?url=http%3A%2F%2Fbloomberg-bna-brightspot.s3.amazonaws.com%2Ff4%2F54%2F4b5452ab45c196ba37107e4ff894%2F2023-talking-tax1000x1000.png 2x" src="https://db0ip7zd23b50.cloudfront.net/dims4/default/6d8ed5e/2147483647/legacy_thumbnail/160x160%3E/quality/90/?url=http%3A%2F%2Fbloomberg-bna-brightspot.s3.amazonaws.com%2Ff4%2F54%2F4b5452ab45c196ba37107e4ff894%2F2023-talking-tax1000x1000.png" class="EpisodeCard_image_1B2M2"><h3 class="EpisodeCard_podcastTitle_1B2M2"> Corporate Tax Leaders Weigh AI's Risk-Reward Calculus </h3></article></div><div data-test="podcast-card"><article 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</h3></article></div></div></div></div><div data-test="landing-row" class="TheLanding_row_1B2M2"><div class="InBriefV2_container_1B2M2 TheLanding_content_1B2M2"><div class="InBriefV2_headerViewMore_1B2M2"><h2 class="InBriefV2_header_1B2M2"> From the Analysts </h2><a href="/daily-tax-report/search?type=NEWS" data-test="search-link" class="InBriefV2_viewMore_1B2M2"><span class="ViewMore_text_1B2M2 ViewMore_underlined_1B2M2"><span>View More</span><!----></span></a></div><div class="InBriefV2_cardContainer_1B2M2"><div data-test="in-breif-card" class="InBriefCard_card_1B2M2"><a href="/daily-tax-report/tktk-4" data-test="article-link"><h3 class="InBriefCard_headline_1B2M2">BGOV OnPoint: Candidates Float Light-on-Detail Tax Ideas</h3></a><div class="InBriefCard_summary_1B2M2"><p>The Trump and Harris campaigns have discussed tax policy at a high level, including how to deal with the expiration after 2025 of several provisions in the 2017 GOP tax overhaul.</p></div></div><div data-test="in-breif-card" class="InBriefCard_card_1B2M2"><a href="/daily-tax-report/btax-onpoint-oecds-pillar-2-subject-to-tax-rule" data-test="article-link"><h3 class="InBriefCard_headline_1B2M2">BTAX OnPoint: OECD’s Pillar 2 Subject to Tax Rule</h3></a><div class="InBriefCard_summary_1B2M2"><p>The Subject to Tax Rule allows developing countries that are members of the OECD’s Inclusive Framework to reclaim some source jurisdiction taxing rights ceded under tax treaties with developed nations.</p></div></div><div data-test="in-breif-card" class="InBriefCard_card_1B2M2"><a href="/daily-tax-report/btax-onpoint-us-country-by-country-reporting" data-test="article-link"><h3 class="InBriefCard_headline_1B2M2">BTAX OnPoint: US Country-by-Country Reporting</h3></a><div class="InBriefCard_summary_1B2M2"><p>US country-by-country reporting requirements for large companies form a significant part of the data that informs the Pillar 2 initiative.</p></div></div></div></div></div><div data-test="landing-row" class="TheLanding_row_1B2M2"><section data-test="featured-multimedia" class="FeaturedMultimedia_featuredMultimedia_1B2M2 TheLanding_content_1B2M2"><div class="VideoPlayer_aspectRatio_1B2M2 FeaturedMultimedia_graphics_1B2M2"><iframe src="https://www.youtube-nocookie.com/embed/mMQaI5fSyoo" data-test="video-player" class="VideoPlayer_player_1B2M2"></iframe></div><!----><!----><div class="FeaturedMultimedia_information_1B2M2"><h2 class="FeaturedMultimedia_headline_1B2M2">Best Buy, Apple, Others Make Millions From California Tax Deals</h2><p class="FeaturedMultimedia_description_1B2M2">A few dozen California cities have lucrative deals with retail giants like Apple, Best Buy, and Nike. These deals result in the cities paying millions of dollars from their local tax revenue back to the companies. In this video, we explore how these deals work and what some city and state lawmakers are hoping to do about it.</p></div></section></div><div data-test="landing-row" class="TheLanding_row_1B2M2"><div class="InBriefV2_container_1B2M2 TheLanding_content_1B2M2"><div class="InBriefV2_headerViewMore_1B2M2"><h2 class="InBriefV2_header_1B2M2"> Bloomberg Tax Journals </h2><a href="/daily-tax-report/search?type=ANALYSIS" data-test="search-link" class="InBriefV2_viewMore_1B2M2"><span class="ViewMore_text_1B2M2 ViewMore_underlined_1B2M2"><span>View More</span><!----></span></a></div><div class="InBriefV2_cardContainer_1B2M2"><div data-test="in-breif-card" class="InBriefCard_card_1B2M2"><a href="/daily-tax-report/camt-series-part-1-what-are-the-basic-rules-for-calculation" data-test="article-link"><h3 class="InBriefCard_headline_1B2M2">CAMT Series Part 1: What Are the Basic Rules for Calculation?</h3></a><div class="InBriefCard_summary_1B2M2"><p>Baker McKenzie practitioners present the first in a series of articles analyzing the proposed CAMT regulations.</p></div></div><div data-test="in-breif-card" class="InBriefCard_card_1B2M2"><a href="/daily-tax-report/examining-the-taxation-of-digital-services-in-zambia" data-test="article-link"><h3 class="InBriefCard_headline_1B2M2">Examining the Taxation of Digital Services in Zambia</h3></a><div class="InBriefCard_summary_1B2M2"><p>Zambia’s VAT Cross Border Electronic Services Regulations enhance the administration of VAT in the evolving global landscape of digital and electronic services and has helped Zambia become an attractive market for international digital service providers, say Corpus Legal practitioners.</p></div></div><div data-test="in-breif-card" class="InBriefCard_card_1B2M2"><a href="/daily-tax-report/courts-worldwide-diverge-in-applying-the-principal-purpose-test" data-test="article-link"><h3 class="InBriefCard_headline_1B2M2">Courts Worldwide Diverge in Applying the Principal Purpose Test</h3></a><div class="InBriefCard_summary_1B2M2"><p>Although over 100 countries have signed the Multilateral Instrument, courts around the world have diverged in their application of the Principal Purpose Test, says Christos A. Theophilou of STI Taxand.</p></div></div></div></div></div><div data-test="landing-row" class="TheLanding_row_1B2M2"><section data-test="latest-stories-v2" class="LatestStoriesV2_latestStories_1B2M2 TheLanding_content_1B2M2"><h2 class="LatestStoriesV2_title_1B2M2"> Latest Stories </h2><div class="LatestStoriesV2_mainStories_1B2M2"><article class="ArticleCard_articleCard_1B2M2 ArticleCard_primary_1B2M2"><a href="/daily-tax-report/trump-heeds-wall-street-by-picking-bessent-as-treasury-secretary" data-test="article-link"><h3 class="ArticleCard_headline_1B2M2">Trump Heeds Wall Street by Picking Bessent as Treasury Secretary</h3></a><div class="ArticleCard_summary_1B2M2"><p>With one cabinet pick after another, President-elect <bsp.bb.link state="{"bbHref":"bbg://people/profile/1252249","_id":"00000193-5a60-dab6-a5d3-fa7a8d4d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Donald Trump</bsp.bb.link> has shown willingness — even eagerness — to flash contempt for the establishment. His nominees have amounted to sneers at US military brass, public-health experts, or even lawmakers in his own party.</p></div><div class="ArticleCard_byline_1B2M2"><p>By Saleha Mohsin, Nancy Cook, Joshua Green, Annmarie Hordern and Katherine Burton</p></div></article><div class="LatestStoriesV2_secondaryArticles_1B2M2"><article class="ArticleCard_articleCard_1B2M2 ArticleCard_secondary_1B2M2"><a href="/daily-tax-report/trumps-treasury-pick-wants-shadow-fed-chair-maybe-weak-dollar" data-test="article-link"><h3 class="ArticleCard_headline_1B2M2">Trump’s Treasury Pick Wants Shadow Fed Chair, Maybe Weak Dollar</h3></a><div class="ArticleCard_summary_1B2M2"><p><bw-person data-terminal-id="17479780" data-id="00000161-7711-d8ae-adf9-ffb56f370000" class="person" data-name="Scott Bessent">Scott Bessent</bw-person>, the veteran hedge fund manager who <bw-person data-terminal-id="1252249" data-id="00000161-7702-d8ae-adf9-ffa618cf0000" class="person" data-name="Donald John Trump">Donald Trump</bw-person> picked to become the next Treasury secretary, wants tariffs, a shadow chair for the Federal Reserve and maybe a weaker dollar.</p></div><!----></article><article class="ArticleCard_articleCard_1B2M2 ArticleCard_secondary_1B2M2"><a href="/daily-tax-report/here-are-the-people-trump-is-naming-to-key-roles-in-second-term" data-test="article-link"><h3 class="ArticleCard_headline_1B2M2">Here Are the People Trump Is Naming to Key Roles in Second Term</h3></a><div class="ArticleCard_summary_1B2M2"><p>President-elect <bw-person data-terminal-id="1252249" data-id="00000161-7702-d8ae-adf9-ffa618cf0000" class="person" data-name="Donald John Trump">Donald Trump</bw-person> is stocking his cabinet with people he wants to carry out his “America First” policies on the economy, border, trade, national security and more.</p></div><!----></article><article class="ArticleCard_articleCard_1B2M2 ArticleCard_secondary_1B2M2"><a href="/daily-tax-report/trump-picks-scott-bessent-as-treasury-secretary" data-test="article-link"><h3 class="ArticleCard_headline_1B2M2">Trump Nominates Hedge Fund Chief Bessent to Lead US Treasury</h3></a><div class="ArticleCard_summary_1B2M2"><p>President-elect <bw-person data-terminal-id="1252249" data-id="00000161-7702-d8ae-adf9-ffa618cf0000" class="person" data-name="Donald John Trump">Donald Trump</bw-person> said he is nominating <bw-person data-terminal-id="17479780" data-id="00000161-7711-d8ae-adf9-ffb56f370000" class="person" data-name="Scott Bessent">Scott Bessent</bw-person>, who runs macro hedge fund <bsp.bb.link state="{"bbHref":"bbg://securities/1349902D%20US%20Equity","_id":"00000193-56d2-dab6-a5d3-f6fab2f40002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Key Square Group</bsp.bb.link>, as the next US Treasury secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a second term.</p></div><!----></article></div></div><!----><!----></section></div><div data-test="landing-row" class="TheLanding_row_1B2M2"><section data-test="channel-stories" class="ChannelStories_channelStories_1B2M2 TheLanding_content_1B2M2"><header class="ChannelList_header_1B2M2"><h2 class="ChannelList_sectionTitle_1B2M2"> FROM ACROSS BLOOMBERG TAX </h2><m-dropdown data-testid="m-dropdown" data-theme="cresent" data-color-scheme="dark" data-test="dropdown" value="0" class="ChannelList_dropdown_1B2M2 moonfish"><m-dropdown-item value="0" data-testid="m-dropdown-item" data-test="dropdown-item"><span>Daily Tax Report: International</span></m-dropdown-item><m-dropdown-item value="1" data-testid="m-dropdown-item" data-test="dropdown-item"><span>Daily Tax Report: State</span></m-dropdown-item><m-dropdown-item value="2" data-testid="m-dropdown-item" data-test="dropdown-item"><span>Transfer Pricing Report</span></m-dropdown-item><m-dropdown-item value="3" data-testid="m-dropdown-item" data-test="dropdown-item"><span>The Exchange: Tax Insights & Commentary</span></m-dropdown-item></m-dropdown><ul class="ChannelList_toggleBar_1B2M2"><li data-test="toggle-bar" class="ChannelList_channel_1B2M2 ChannelList_selectedChannel_1B2M2"> Daily Tax Report: International </li><li data-test="toggle-bar" class="ChannelList_channel_1B2M2"> Daily Tax Report: State </li><li data-test="toggle-bar" class="ChannelList_channel_1B2M2"> Transfer Pricing Report </li><li data-test="toggle-bar" class="ChannelList_channel_1B2M2"> The Exchange: Tax Insights & Commentary </li></ul></header><div data-test="story-list" class="StoryList_articles_1B2M2"><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/vietnam-state-news-issues-information-concerning-vat-on-livestreaming-sales" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Vietnam State News Issues Information Concerning VAT on Livestreaming Sales</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>The Vietnamese News Agency Nov. 11 issued guidance concerning VAT on livestreaming sales. The guidance states: 1) organizations and individuals selling goods through livestream sessions must register, declare, and pay ...</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/spain-mof-seeks-comments-on-individual-income-tax-estimation-method-simplified-vat-regime" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Spain MOF Seeks Comments on Individual Income Tax Estimation Method, Simplified VAT Regime</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>The Spanish Ministry of Finance and Public Administration Nov. 13 opened a consultation on the tax year 2025 individual income tax estimation method and simplified VAT regime. Topics covered include: ...</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/argentina-gazettes-resolution-introducing-procedure-for-income-tax-advances-extending-first-due-date-for-payment" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Argentina Gazettes Resolution Introducing Procedure for Income Tax Advances, Extending First Due Date for Payment</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>The Argentine Official Gazette Nov. 11 published General Resolution No. 5600/2024, establishing a new procedure for income tax advances and extending the due date for the first advance payment, applicable ...</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/isle-of-man-gazettes-consolidated-text-of-income-tax-act-1989-2" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Isle of Man Gazettes Consolidated Text of Income Tax Act 1989</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>The Isle of Man Official Gazette Nov. 12 published Act No. 10, on the consolidated text of the Income Tax Act 1989, current as of Oct. 15. [Isle of Man, ...</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/lithuania-tax-agency-seeks-comments-on-proposed-amendments-to-commentary-on-vat-for-immovable-property-transactions" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Lithuania Tax Agency Seeks Comments on Proposed Amendments to Commentary on VAT for Immovable Property Transactions</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>The Lithuanian State Tax Inspectorate Nov. 12 opened a consultation on draft amendments to the commentary for Article 32 of the VAT Law, on sales or other transfers of immovable ...</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/taiwan-mof-announces-deadline-for-2024-land-value-tax-payments" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Taiwan MOF Announces Deadline for 2024 Land Value Tax Payments</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>The Taiwanese Ministry of Finance Oct. 30 announced the Dec. 2 deadline for 2024 land value tax payments. The announcement also includes various payment options. [Taiwan, Ministry of Finance, 10/30/24] ...</p></div></article></div><div data-test="story-list" class="StoryList_articles_1B2M2" style="display:none;"><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/maryland-electric-utility-wins-2-4-million-sales-tax-refund" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Maryland Electric Utility Wins $2.4 Million Sales Tax Refund</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>An electric utility company is entitled to a $2.4 million sales and use tax refund because its equipment is used for production activity, a Maryland appeals court said Friday.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/louisiana-lawmakers-pass-flat-income-tax-franchise-repeal-plan" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Louisiana Lawmakers Pass Flat Income Tax, Franchise Repeal Plan</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>The Louisiana Legislature on Friday approved scaled-down versions of Gov. Jeff Landry’s tax cuts for personal and corporate rates, finalizing a deal in the closing days of the special session.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/amazon-backers-bolster-tax-case-at-south-carolina-supreme-court" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Amazon Backers Bolster Tax Case at South Carolina Top Court (1)</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>A South Carolina state court ruling that sticks <bw-company data-stock-symbol="AMZN" class="company" data-name="Amazon.com Inc" data-url="http://www.amazon.com/" data-urn="urn:blp:company:US:AMZN">Amazon Services LLC</bw-company> with a $12.5 million tax bill on past sales could chase business out of the state if left untouched, four amicus briefs warned the state’s high court.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/nyc-proposal-to-restrict-property-tax-challenges-draws-fire" data-test="article-link"><h3 class="StoryList_headline_1B2M2">NYC Proposal to Restrict Property Tax Challenges Draws Fire (1)</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>New York City real estate lawyers fought back Friday against a Department of Finance proposal to limit how taxpayers can challenge property assessments that determine their yearly tax bills.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/state-tax-group-eyes-settlement-program-for-remote-sellers" data-test="article-link"><h3 class="StoryList_headline_1B2M2">State Tax Group Eyes Settlement Program for Remote Sellers</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>A veteran sales tax consultant is drafting a proposal for the Multistate Tax Commission that would allow remote sellers with large outstanding tax liabilities to step forward, pay a portion of their tax debts, and comply with tax rules prospectively.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/west-virginia-tax-division-provides-information-on-individual-income-tax-payment-plans" data-test="article-link"><h3 class="StoryList_headline_1B2M2">West Virginia Tax Division Provides Information on Individual Income Tax Payment Plans</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>The West Virginia Tax Division provided information about payment plans for individual income taxes. The information includes what an individual income taxpayer can do: 1) if they can’t pay the ...</p></div></article></div><div data-test="story-list" class="StoryList_articles_1B2M2" style="display:none;"><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/german-lawmakers-back-repeal-of-controversial-derivatives-rule" data-test="article-link"><h3 class="StoryList_headline_1B2M2">German Lawmakers Back Repeal of Controversial Derivatives Rule</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>German lawmakers approved a taxation bill which includes the scrapping of a controversial rule that limited the use of derivatives losses to offset profits on investments.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/companies-in-australia-should-check-debt-deduction-rules-exposure" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Companies in Australia Should Check Debt Deduction Rules Exposure</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>Colin Biggers & Paisley’s Amy Liu reviews ATO guidance on thin capitalization and debt deduction creation rules, saying that multinational companies will need a comprehensive transfer pricing approach.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/eu-transfer-pricing-all-over-the-place-amid-harmonizing-talks" data-test="article-link"><h3 class="StoryList_headline_1B2M2">EU Transfer Pricing 'All Over the Place' Amid Harmonizing Talks</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>EU member states’ implementation of common transfer pricing guidelines is “all over the place” as the European Commission struggles to garner support for a proposal that would harmonize the bloc’s rules, a senior official said.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/what-gop-election-wins-could-mean-for-trump-tax-cuts-podcast" data-test="article-link"><h3 class="StoryList_headline_1B2M2">What GOP Election Wins Could Mean for Trump Tax Cuts (Podcast)</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>The re-election of Donald Trump and Republican sweep in Congress makes an extension of the 2017 GOP tax cuts more likely, but there will be hurdles.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/big-business-calls-on-congress-to-ward-off-global-tax-spike" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Big Business Calls on Congress to Ward Off Global Tax Spike (1)</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>Multinationals want US lawmakers to extend low tax rates on foreign-earned income as they tackle competing priorities in putting together a mammoth tax bill next year.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/india-supreme-court-dismisses-appeal-of-whirlpool-tax-case" data-test="article-link"><h3 class="StoryList_headline_1B2M2">India Supreme Court Dismisses Appeal of Whirlpool Tax Case </h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>India’s Supreme Court has dismissed an appeal by the tax department of a transfer pricing case involving Whirlpool of India Ltd.</p></div></article></div><div data-test="story-list" class="StoryList_articles_1B2M2" style="display:none;"><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/gop-shouldnt-slash-medicaid-for-trumps-tax-cuts-lisa-jarvis" data-test="article-link"><h3 class="StoryList_headline_1B2M2">GOP Shouldn't Slash Medicaid for Trump's Tax Cuts: Lisa Jarvis</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>Medicaid, the program that provides vital health insurance coverage to one in five Americans, is being <a href="https://www.washingtonpost.com/business/2024/11/18/gop-targets-medicaid-food-stamps/">targeted</a> for deep cuts.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/labour-keeps-picking-fights-with-the-wrong-targets-martin-ivens" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Labour Keeps Picking Fights With the Wrong Targets: Martin Ivens</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p> Rachel Reeves has the rare distinction among Britain’s chancellors of bearing the description ‘professional economist’ on her CV. Mysteriously, she’s managed to turn that net positive into a negative. Reeves isn’t alone in this trait: in its first months in power, the UK government seems to be enacting a drama which might be called “How to Make Enemies and Not Influence People.” </p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/mcdermott-adds-ben-cheatham-as-energy-project-finance-partner" data-test="article-link"><h3 class="StoryList_headline_1B2M2">McDermott Adds Ben Cheatham as Energy, Project Finance Partner </h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>Ben Cheatham joined McDermott Will & Emery as a partner in its energy and project finance practice in Washington, the firm announced <a href="https://www.mwe.com/media/mcdermott-expands-renewable-energy-tax-capabilities-with-new-partner-in-washington-dc/">Friday</a>.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/still-sorting-out-medicare-open-enrollment-good-luck-editorial" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Still Sorting Out Medicare Open Enrollment? Good Luck: Editorial</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>To the stalwart seniors reviewing their Medicare coverage this fall: Godspeed. The open-enrollment process has become so convoluted that almost 70% of beneficiaries don’t bother to compare their options. Many are opting to migrate to Medicare Advantage, a simpler, privately run alternative paid for by the government. By 2034, more than 60% of seniors will be enrolled, up from about half today. </p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/companies-in-australia-should-check-debt-deduction-rules-exposure" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Companies in Australia Should Check Debt Deduction Rules Exposure</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>Colin Biggers & Paisley’s Amy Liu reviews ATO guidance on thin capitalization and debt deduction creation rules, saying that multinational companies will need a comprehensive transfer pricing approach.</p></div></article><article class="StoryList_article_1B2M2"><a href="/daily-tax-report/tories-are-optimistic-again-for-good-reason-adrian-wooldridge" data-test="article-link"><h3 class="StoryList_headline_1B2M2">Tories Are Optimistic Again — For Good Reason: Adrian Wooldridge</h3></a><div data-test="summary" class="StoryList_summary_1B2M2"><p>A landslide victory like the one Labour achieved in the UK on July 4 usually means two things: that the winning party stays in power for three or more terms, and that the losing party goes through an age in the wilderness.</p></div></article></div></section></div><div data-test="landing-row" class="TheLanding_row_1B2M2"><section data-test="channels-list" class="ChannelsList_channelListContainer_1B2M2 TheLanding_content_1B2M2 TheLanding_hasNoBorder_1B2M2"><h2 class="ChannelsList_title_1B2M2"> EXPLORE BLOOMBERG TAX </h2><p class="ChannelsList_summary_1B2M2"> Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: </p><ul class="Channels_channelList_1B2M2"><div class="Channels_isnotMobile_1B2M2"><li><div data-test="channel-link" displayStyle="black" class="Channels_channelName_1B2M2"><a href="/business-and-practice/"><span>Business & Practice</span></a></div></li><li><div data-test="channel-link" displayStyle="black" 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The guidance states: 1) organizations and individuals selling goods through livestream sessions must register, declare, and pay ...\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report-international\u002Fvietnam-state-news-issues-information-concerning-vat-on-livestreaming-sales","__typename":"Article"},"Article:00000193-2801-dd16-a5d7-68fdd6330005":{"id":"00000193-2801-dd16-a5d7-68fdd6330005","headline":"Spain MOF Seeks Comments on Individual Income Tax Estimation Method, Simplified VAT Regime","summary":"\u003Cp\u003EThe Spanish Ministry of Finance and Public Administration Nov. 13 opened a consultation on the tax year 2025 individual income tax estimation method and simplified VAT regime. 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[Isle of Man, ...\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report-international\u002Fisle-of-man-gazettes-consolidated-text-of-income-tax-act-1989-2","__typename":"Article"},"Article:00000193-2801-dd16-a5d7-68fdd11a0001":{"id":"00000193-2801-dd16-a5d7-68fdd11a0001","headline":"Lithuania Tax Agency Seeks Comments on Proposed Amendments to Commentary on VAT for Immovable Property Transactions","summary":"\u003Cp\u003EThe Lithuanian State Tax Inspectorate Nov. 12 opened a consultation on draft amendments to the commentary for Article 32 of the VAT Law, on sales or other transfers of immovable ...\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report-international\u002Flithuania-tax-agency-seeks-comments-on-proposed-amendments-to-commentary-on-vat-for-immovable-property-transactions","__typename":"Article"},"Article:00000193-2801-dd16-a5d7-68fddac10004":{"id":"00000193-2801-dd16-a5d7-68fddac10004","headline":"Taiwan MOF Announces Deadline for 2024 Land Value Tax Payments","summary":"\u003Cp\u003EThe Taiwanese Ministry of Finance Oct. 30 announced the Dec. 2 deadline for 2024 land value tax payments. The announcement also includes various payment options. [Taiwan, Ministry of Finance, 10\u002F30\u002F24] ...\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report-international\u002Ftaiwan-mof-announces-deadline-for-2024-land-value-tax-payments","__typename":"Article"},"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.1.channel":{"name":"Daily Tax Report: State","brand":{"type":"id","generated":true,"id":"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.1.channel.brand","typename":"Brand"},"__typename":"Channel"},"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.1.channel.brand":{"brandCode":"BTAX","__typename":"Brand"},"LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.1":{"channel":{"type":"id","generated":true,"id":"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.1.channel","typename":"Channel"},"articles":[{"type":"id","generated":false,"id":"Article:00000193-5649-da0a-abdb-565f80320001","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-4af5-dab8-a99b-cbff02400001","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-54b3-da0a-abdb-56ffdcb80001","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-5451-da0a-abdb-565f580c0001","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-54d0-d9b8-a3f3-f4d7e8f80001","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-5497-dab6-a5d3-f6ffc9c70000","typename":"Article"}],"__typename":"ChannelStoryItem"},"Article:00000193-5649-da0a-abdb-565f80320001":{"id":"00000193-5649-da0a-abdb-565f80320001","headline":"Maryland Electric Utility Wins $2.4 Million Sales Tax Refund","summary":"\u003Cp\u003EAn electric utility company is entitled to a $2.4 million sales and use tax refund because its equipment is used for production activity, a Maryland appeals court said Friday.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report\u002Fmaryland-electric-utility-wins-2-4-million-sales-tax-refund","__typename":"Article"},"Article:00000193-4af5-dab8-a99b-cbff02400001":{"id":"00000193-4af5-dab8-a99b-cbff02400001","headline":"Louisiana Lawmakers Pass Flat Income Tax, Franchise Repeal Plan","summary":"\u003Cp\u003EThe Louisiana Legislature on Friday approved scaled-down versions of Gov. Jeff Landry’s tax cuts for personal and corporate rates, finalizing a deal in the closing days of the special session.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report-state\u002Flouisiana-lawmakers-pass-flat-income-tax-franchise-repeal-plan","__typename":"Article"},"Article:00000193-54b3-da0a-abdb-56ffdcb80001":{"id":"00000193-54b3-da0a-abdb-56ffdcb80001","headline":"Amazon Backers Bolster Tax Case at South Carolina Top Court (1)","summary":"\u003Cp\u003EA South Carolina state court ruling that sticks \u003Cbw-company data-stock-symbol=\"AMZN\" class=\"company\" data-name=\"Amazon.com Inc\" data-url=\"http:\u002F\u002Fwww.amazon.com\u002F\" data-urn=\"urn:blp:company:US:AMZN\"\u003EAmazon Services LLC\u003C\u002Fbw-company\u003E with a $12.5 million tax bill on past sales could chase business out of the state if left untouched, four amicus briefs warned the state’s high court.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report-state\u002Famazon-backers-bolster-tax-case-at-south-carolina-supreme-court","__typename":"Article"},"Article:00000193-5451-da0a-abdb-565f580c0001":{"id":"00000193-5451-da0a-abdb-565f580c0001","headline":"NYC Proposal to Restrict Property Tax Challenges Draws Fire (1)","summary":"\u003Cp\u003ENew York City real estate lawyers fought back Friday against a Department of Finance proposal to limit how taxpayers can challenge property assessments that determine their yearly tax bills.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report-state\u002Fnyc-proposal-to-restrict-property-tax-challenges-draws-fire","__typename":"Article"},"Article:00000193-54d0-d9b8-a3f3-f4d7e8f80001":{"id":"00000193-54d0-d9b8-a3f3-f4d7e8f80001","headline":"State Tax Group Eyes Settlement Program for Remote Sellers","summary":"\u003Cp\u003EA veteran sales tax consultant is drafting a proposal for the Multistate Tax Commission that would allow remote sellers with large outstanding tax liabilities to step forward, pay a portion of their tax debts, and comply with tax rules prospectively.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report-state\u002Fstate-tax-group-eyes-settlement-program-for-remote-sellers","__typename":"Article"},"Article:00000193-5497-dab6-a5d3-f6ffc9c70000":{"id":"00000193-5497-dab6-a5d3-f6ffc9c70000","headline":"West Virginia Tax Division Provides Information on Individual Income Tax Payment Plans","summary":"\u003Cp\u003EThe West Virginia Tax Division provided information about payment plans for individual income taxes. The information includes what an individual income taxpayer can do: 1) if they can’t pay the ...\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report-state\u002Fwest-virginia-tax-division-provides-information-on-individual-income-tax-payment-plans","__typename":"Article"},"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.2.channel":{"name":"Transfer Pricing Report","brand":{"type":"id","generated":true,"id":"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.2.channel.brand","typename":"Brand"},"__typename":"Channel"},"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.2.channel.brand":{"brandCode":"BTAX","__typename":"Brand"},"LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.2":{"channel":{"type":"id","generated":true,"id":"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.2.channel","typename":"Channel"},"articles":[{"type":"id","generated":false,"id":"Article:00000193-545f-dab6-a5d3-f67f66880003","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-4023-dfcd-a7bb-f7b368740001","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-4f11-dab8-a99b-cf3b70e80001","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-4a7c-dfcd-a7bb-fffea3f50000","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-405e-dfcd-a7bb-f7de84e60000","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-4a85-dfcd-a7bb-ff97ba6e0000","typename":"Article"}],"__typename":"ChannelStoryItem"},"Article:00000193-545f-dab6-a5d3-f67f66880003":{"id":"00000193-545f-dab6-a5d3-f67f66880003","headline":"German Lawmakers Back Repeal of Controversial Derivatives Rule","summary":"\u003Cp\u003EGerman lawmakers approved a taxation bill which includes the scrapping of a controversial rule that limited the use of derivatives losses to offset profits on investments.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloomberglaw.com\u002Fbanking-law\u002Fgerman-lawmakers-back-repeal-of-controversial-derivatives-rule","__typename":"Article"},"Article:00000193-4f11-dab8-a99b-cf3b70e80001":{"id":"00000193-4f11-dab8-a99b-cf3b70e80001","headline":"EU Transfer Pricing 'All Over the Place' Amid Harmonizing Talks","summary":"\u003Cp\u003EEU member states’ implementation of common transfer pricing guidelines is “all over the place” as the European Commission struggles to garner support for a proposal that would harmonize the bloc’s rules, a senior official said.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report\u002Feu-transfer-pricing-all-over-the-place-amid-harmonizing-talks","__typename":"Article"},"Article:00000193-4a7c-dfcd-a7bb-fffea3f50000":{"id":"00000193-4a7c-dfcd-a7bb-fffea3f50000","headline":"What GOP Election Wins Could Mean for Trump Tax Cuts (Podcast)","summary":"\u003Cp\u003EThe re-election of Donald Trump and Republican sweep in Congress makes an extension of the 2017 GOP tax cuts more likely, but there will be hurdles.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report\u002Fwhat-gop-election-wins-could-mean-for-trump-tax-cuts-podcast","__typename":"Article"},"Article:00000193-405e-dfcd-a7bb-f7de84e60000":{"id":"00000193-405e-dfcd-a7bb-f7de84e60000","headline":"Big Business Calls on Congress to Ward Off Global Tax Spike (1)","summary":"\u003Cp\u003EMultinationals want US lawmakers to extend low tax rates on foreign-earned income as they tackle competing priorities in putting together a mammoth tax bill next year.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Fdaily-tax-report\u002Fbig-business-calls-on-congress-to-ward-off-global-tax-spike","__typename":"Article"},"Article:00000193-4a85-dfcd-a7bb-ff97ba6e0000":{"id":"00000193-4a85-dfcd-a7bb-ff97ba6e0000","headline":"India Supreme Court Dismisses Appeal of Whirlpool Tax Case ","summary":"\u003Cp\u003EIndia’s Supreme Court has dismissed an appeal by the tax department of a transfer pricing case involving Whirlpool of India Ltd.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Ftransfer-pricing\u002Findia-supreme-court-dismisses-appeal-of-whirlpool-tax-case","__typename":"Article"},"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.3.channel":{"name":"The Exchange: Tax Insights & Commentary","brand":{"type":"id","generated":true,"id":"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.3.channel.brand","typename":"Brand"},"__typename":"Channel"},"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.3.channel.brand":{"brandCode":"BTAX","__typename":"Brand"},"LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.3":{"channel":{"type":"id","generated":true,"id":"$LandingPage:00000187-b35d-d124-a3cf-bf7d4dc60000.pageComponents.9.channelStoryItems.3.channel","typename":"Channel"},"articles":[{"type":"id","generated":false,"id":"Article:00000193-591c-dab6-a5d3-fb7eb2510003","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-57d3-dab6-a5d3-f7fb10e80003","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-54b0-dab6-a5d3-f6fa23ab0002","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-5388-dab6-a5d3-f3fa79590003","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-4023-dfcd-a7bb-f7b368740001","typename":"Article"},{"type":"id","generated":false,"id":"Article:00000193-523e-dab6-a5d3-f27ed7370001","typename":"Article"}],"__typename":"ChannelStoryItem"},"Article:00000193-591c-dab6-a5d3-fb7eb2510003":{"id":"00000193-591c-dab6-a5d3-fb7eb2510003","headline":"GOP Shouldn't Slash Medicaid for Trump's Tax Cuts: Lisa Jarvis","summary":"\u003Cp\u003EMedicaid, the program that provides vital health insurance coverage to one in five Americans, is being \u003Ca href=\"https:\u002F\u002Fwww.washingtonpost.com\u002Fbusiness\u002F2024\u002F11\u002F18\u002Fgop-targets-medicaid-food-stamps\u002F\"\u003Etargeted\u003C\u002Fa\u003E for deep cuts.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Ftax-insights-and-commentary\u002Fgop-shouldnt-slash-medicaid-for-trumps-tax-cuts-lisa-jarvis","__typename":"Article"},"Article:00000193-57d3-dab6-a5d3-f7fb10e80003":{"id":"00000193-57d3-dab6-a5d3-f7fb10e80003","headline":"Labour Keeps Picking Fights With the Wrong Targets: Martin Ivens","summary":"\u003Cp\u003E Rachel Reeves has the rare distinction among Britain’s chancellors of bearing the description ‘professional economist’ on her CV. Mysteriously, she’s managed to turn that net positive into a negative. Reeves isn’t alone in this trait: in its first months in power, the UK government seems to be enacting a drama which might be called “How to Make Enemies and Not Influence People.” \u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Ftax-insights-and-commentary\u002Flabour-keeps-picking-fights-with-the-wrong-targets-martin-ivens","__typename":"Article"},"Article:00000193-54b0-dab6-a5d3-f6fa23ab0002":{"id":"00000193-54b0-dab6-a5d3-f6fa23ab0002","headline":"McDermott Adds Ben Cheatham as Energy, Project Finance Partner ","summary":"\u003Cp\u003EBen Cheatham joined McDermott Will & Emery as a partner in its energy and project finance practice in Washington, the firm announced \u003Ca href=\"https:\u002F\u002Fwww.mwe.com\u002Fmedia\u002Fmcdermott-expands-renewable-energy-tax-capabilities-with-new-partner-in-washington-dc\u002F\"\u003EFriday\u003C\u002Fa\u003E.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloomberglaw.com\u002Fbusiness-and-practice\u002Fmcdermott-adds-ben-cheatham-as-energy-project-finance-partner","__typename":"Article"},"Article:00000193-5388-dab6-a5d3-f3fa79590003":{"id":"00000193-5388-dab6-a5d3-f3fa79590003","headline":"Still Sorting Out Medicare Open Enrollment? Good Luck: Editorial","summary":"\u003Cp\u003ETo the stalwart seniors reviewing their Medicare coverage this fall: Godspeed. The open-enrollment process has become so convoluted that almost 70% of beneficiaries don’t bother to compare their options. Many are opting to migrate to Medicare Advantage, a simpler, privately run alternative paid for by the government. By 2034, more than 60% of seniors will be enrolled, up from about half today. \u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Ftax-insights-and-commentary\u002Fstill-sorting-out-medicare-open-enrollment-good-luck-editorial","__typename":"Article"},"Article:00000193-523e-dab6-a5d3-f27ed7370001":{"id":"00000193-523e-dab6-a5d3-f27ed7370001","headline":"Tories Are Optimistic Again — For Good Reason: Adrian Wooldridge","summary":"\u003Cp\u003EA landslide victory like the one Labour achieved in the UK on July 4 usually means two things: that the winning party stays in power for three or more terms, and that the losing party goes through an age in the wilderness.\u003C\u002Fp\u003E","url":"https:\u002F\u002Fnews.bloombergtax.com\u002Ftax-insights-and-commentary\u002Ftories-are-optimistic-again-for-good-reason-adrian-wooldridge","__typename":"Article"}},"prodClient":{}};</script> <script src="https://essential.bloombergindustry.com/widget/script/latest/widget.js" nonce="login" ></script> <script id="parsely-cfg" src="//cdn.parsely.com/keys/bloombergindustry.com/p.js" async="" defer="" ></script> </body> </html>