Levying a 5 percent tax on Big Tech's Australian data centers would funnel over AUD 400 million (about $280 million) into government coffers by 2030, according to estimates from Australia's Parliamentary Budget Office. taxnotes.co/3U2hHEl

Maryland's expanded campaign to connect low-income workers with the earned income tax credit reached three times as many people this year and helped drive claims to more than $1 billion. taxnotes.co/3WMCrAF

The holding period for a qualified Trump account stock contribution should be eliminated to hedge against market volatility and allow for a quicker transition into an eligible investment, a comment to the IRS suggested. taxnotes.co/4jB6rcm

Democrats’ top member of the Senate Finance Committee is continuing to draft a tax package he says will rein in those responsible for the data center boom while aiding those harmed by the industry’s rapid growth. taxnotes.co/4zXTmik

The IRS needs to implement a strategy to prevent the fraud schemes of noncompliant return preparers that could cost the agency millions, according to a watchdog’s report. taxnotes.co/3WNJTvp

A former property owner failed to prove that a county's foreclosure judgment against his former property was invalid, despite the foreclosure proceeding notices listing the wrong address, the state appellate court has ruled. taxnotes.co/4euhJvu

Chicago has launched a pilot program that provides up to $5,000 in property tax debt relief to help residents in certain communities keep their homes. taxnotes.co/4snUEjQ

Calls for a review of Canada’s tax system are mounting as a coalition headed by CPA Ontario urges the government to use its upcoming budget to support business and respond to U.S. tax reform. taxnotes.co/4ioHLSh

Only Finland, Hungary, Malta, and Slovakia objected to the proposed mandate to negotiate with the European Parliament on the optional 28th regime for innovative companies known as EU Inc. taxnotes.co/4zdNuS2

The IRS changed its approach to so-called friendly doctor arrangements after years of experience led it to become more comfortable assuming that the structures comply with state law, an agency official said. taxnotes.co/3WwKcL3

The government asked the Fifth Circuit to reverse a district court’s decision vacating Treasury’s microcaptive listed transaction regulations, arguing they lawfully required disclosure of arrangements that hold the potential for tax avoidance or evasion. taxnotes.co/4soCSgz

Perspective: Five Yulchon LLC practitioners examine South Korea’s transfer pricing method rules as applied to intangible transactions and the audit implications for taxpayers. taxnotes.co/4icPlzc

Perspective: Umberto Lorenzi and Stefano Urzì examine evolving Italian case law on interest-free intercompany loans and the development of commercial reasons as a possible justification for the absence of interest under the arm’s-length principle. taxnotes.co/4jsO9df

Perspective: Chris William Sanchirico and Reed Shuldiner identify the major policy challenges for circular partnerships and propose solutions for reform. taxnotes.co/4i1LbtG

Perspective: William Hays Weissman analyzes two recent California court decisions that held for the taxpayers and reinforced the limits of local taxation. taxnotes.co/4dNFs9I

Perspective: Jasper L. Cummings, Jr., examines how original issue discount rules apply to intercompany debt. taxnotes.co/4eJQM78

"The English Premier League is more than just football," @RobertGoulder writes. "It might be Britain’s greatest cultural export since the works of William Shakespeare." forbes.com/sites/taxnotes/20…

Perspective: Helena Thor explores the prerequisites for limited tax liability on carried interest in Germany. taxnotes.co/4idXS4R

Perspective: Billy Hamilton examines Florida’s proposed constitutional amendment to increase the homestead property tax exemption and restrict growth in assessments for nonhomestead properties. taxnotes.co/4sdeFd3

Perspective: Eman Cuyler examines recent appellate decisions addressing the section 6213(a) deadline for filing Tax Court deficiency petitions and the growing divide among circuit courts over whether the deadline is subject to equitable tolling. taxnotes.co/4ysomFN