Michael Bologna's profile photo

Michael Bologna

Chicago

Staff Correspondent at Bloomberg Industry Group

Staff Correspondent at Bloomberg Tax

Journalist at Bloomberg Tax, obsessed with state & local tax news and #FOIA, but I also love dogs. Send tax tips to [email protected], stories @tax

Articles

  • 1 week ago | news.bloombergtax.com | Michael Bologna

    Louisiana lawmakers heading into their 2025 legislative session will confront some hefty fiscal challenges, including an immediate budget shortfall and a long-term structural deficit—all without the financial flexibility proposed in a recently failed ballot measure. Further expansion of the state’s sales tax base may be on the table during the two-month fiscal session kicking off Monday if lawmakers are forced to find new revenue to bridge the budget gap and provide pay raises to teachers.

  • 2 weeks ago | news.bloomberglaw.com | Michael Bologna

    A Florida investor with a large portfolio of Tesla stock is expected to plead guilty to evading taxes on $80 million in capital gains after fraudulently claiming he was a tax-exempt resident of Puerto Rico, according to court documents. Miami resident Suresh Gajwani, the owner of an investment firm called Nimco II Corp., surrendered to federal authorities on Tuesday, court documents show.

  • 2 weeks ago | news.bloombergtax.com | Michael Bologna

    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.

  • 2 weeks ago | news.bloomberglaw.com | Michael Bologna

    A Florida investor with a large portfolio of Tesla stock is expected to plead guilty to evading taxes on $80 million in capital gains after fraudulently claiming he was a tax-exempt resident of Puerto Rico, according to court documents. Miami resident Suresh Gajwani, the owner of an investment firm called Nimco II Corp., surrendered to federal authorities on Tuesday, court documents show.

  • 2 weeks ago | news.bloombergtax.com | Zach Cohen |Chris Cioffi |Michael Bologna |Kate Ackley

    President Donald Trump’s pick to lead tax policy at the Treasury Department boasts a history of representing big financial companies as well as clients dedicated to a tax break Trump wants to unwind. Kenneth Kies, Trump’s nominee to serve as assistant Treasury secretary for tax policy, lobbied on behalf of private equity firms, which are keen to preserve a lucrative tax benefit for venture capitalists, as well as hedge fund and other investment managers.

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Michael J Bologna
Michael J Bologna @MJBologna
10 Apr 25

A Florida investor with a large portfolio of Tesla stock is expected to plead guilty to evading taxes on $80M in capital gains after fraudulently claiming he was a tax-exempt resident of Puerto Rico, according to court documents. https://t.co/HVzzIrauyw

Michael J Bologna
Michael J Bologna @MJBologna
9 Apr 25

Is it possible donations to pregnancy crisis centers could be used as tax shelters? See my analysis of a bill moving through the Missouri legislature that is sure to attract tax speculators - only in @tax https://t.co/OHvqRv7edp

Michael J Bologna
Michael J Bologna @MJBologna
27 Mar 25

BREAKING: IRS is removing guidance statements posted online to review the documents against Prez Trump’s exec order scrubbing references to “diversity, equity, and inclusion” from all federal programs. See my story in @tax. https://t.co/W879V9QEOb