Caleb Harshberger

Washington, D.C., United States

Associate Reporter at Bloomberg Industry Group

Reporter at @tax—prev @bgov @TriangleBIZJrnl @ButlerEagle

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Articles

Belgium Issues Draft Schema for Global Minimum Tax Filings

2 days ago | news.bloombergtax.com | Caleb Harshberger

Belgium released a promised draft XSD schema for taxpayers subject to the global minimum tax, with a final version to be published on the Federal Public Service site at a later date. The schema, released Tuesday, is still in draft form and is meant for informational purposes only. Taxpayers subject to the Pillar Two global minimum tax will have to file an annual domestic withholding tax return for the first time this year, the release said.
IRS Planning for Tax Bill Implementation Underway, Official Says

3 days ago | news.bloombergtax.com | Caleb Harshberger

The IRS has spent weeks getting ready to implement provisions in the tax bill currently moving through Congress, in anticipation of aggressive timelines in the GOP-backed package, a Treasury Department official said Tuesday. “The consideration and developing the implementation plan started over six weeks ago.
Amount B Rules ‘Going to Take Some Time,’ Treasury Official Says

4 days ago | news.bloombergtax.com | Caleb Harshberger

The IRS and Treasury Department are working on regulations for the simplified transfer pricing framework known as Amount B, a Treasury official said Monday. “There’s a reg drafting team that has already begun to think about the comments that we received,” Chris Bello, senior counsel for tax legislation at the department, said at a Washington conference sponsored by the OECD and the US Council for International Business. “And that work is slowly starting to begin.
Treasury Official Defends US Record on Fighting Profit Shifting

4 days ago | news.bloombergtax.com | Caleb Harshberger

A top Treasury Department official extolled the US record on fighting corporate tax base erosion and profit shifting Monday, as officials from other governments made the case for multilateral tax cooperation to stop tax evasion. The American track record justifies the Trump administration’s refusal to adopt the 15% global minimum tax regime, Pillar Two of an OECD-led agreement, according to Rebecca Burch, deputy assistant Treasury secretary for international tax affairs.
Businesses Suggest Transfer Pricing Rules for Trump Rollback

1 week ago | news.bloombergtax.com | Caleb Harshberger

Hello and welcome to this week’s Transfer Pricing Report. Business groups are clamoring to see Treasury nix transfer pricing rules and guidance that they say are invalid or unworkable—taking advantage of a rare offer from the Trump administration to recommend regulations the government should consider revoking.
Transfer Pricing Rules Land on Business Deregulation Hit Lists

1 week ago | news.bloombergtax.com | Caleb Harshberger

Business groups are taking their shot at transfer pricing rules they call invalid and bad for business, looking to the Trump administration’s deregulation drive for relief. Many objections to the rules have been, or will be, hashed out in court, but President Donald Trump’s rare invitation to submit lists of items for removal or change may be an expedited way for taxpayers to get what they want.
Tax Authorities Increasingly Use AI in Audits, OECD Report Finds

1 week ago | news.bloombergtax.com | Caleb Harshberger

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Tax Authorities Increasingly Use AI in Audits, OECD Report Finds

1 week ago | news.bloomberglaw.com | Caleb Harshberger

Tax authorities have been spending big on digitalization efforts, with many using AI to crack down on tax evasion and developing digital identity and information-sharing tools, an OECD report said. The report, based on 2024 data and released Tuesday, found that 70% of the 54 nations in the OECD’s Forum on Tax Administration were making use of artificial intelligence tools and and 80% had developed a digital transformation strategy.
Palantir Federal Database Threatens Taxpayer Data, Democrats Say

1 week ago | news.bloombergtax.com | Erin Slowey |Caleb Harshberger

Democrats are demanding answers from data analysis and technology firm Palantir Technologies Inc. on what lawmakers say will be a governmentwide “mega-database” with taxpayer information for federal agencies. Senate Finance Committee ranking member Ron Wyden (D-Ore.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.), along with eight other lawmakers, sent a letter to Palantir Tuesday questioning its expansion of government contracts under the Trump administration.
Palantir Planned Database Risks Taxpayer Info, Democrats Say (1)

1 week ago | news.bloomberglaw.com | Erin Slowey |Caleb Harshberger

Democrats are demanding answers from data analysis and technology firm Palantir Technologies Inc. on what lawmakers say will be a governmentwide “mega-database” with taxpayer information for federal agencies. Senate Finance Committee ranking member Ron Wyden (D-Ore.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.), along with eight other lawmakers, sent a letter to Palantir Tuesday questioning its expansion of government contracts under the Trump administration.