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California FTB Delays Ruling on Jack in the Box Tax Refund Claim

10 hours ago | news.bloombergtax.com | Laura Mahoney

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SEC Sues Investment Adviser to Recover Unpaid Settlement Amount

11 hours ago | news.bloombergtax.com | Martina Barash

Sabra Capital Partners LLC’s managing member has paid only $20,000 of the $80,000 he agreed to pay the SEC, the commission says in a suit filed Wednesday. The US District Court for the Northern District of Illinois should enforce the administrative order that Sabra and Zvi Rhine consented to, the Securities and Exchange Commission says. Sabra wasn’t required to pay a monetary judgment, but is subject to injunctive relief, according to the complaint. It is named as a defendant along with Rhine.
African Payrolls Require Caution, Thorough Processes

12 hours ago | news.bloombergtax.com | Jamie Rathjen

African payrolls come with their own unique challenges even as the continent represents a growing business opportunity, an executive from an African payroll provider said May 13. Dion Bowden, CEO of Praxima International Payroll Solutions, cited statistical claims that one-third of people under age 20 are African and that the continent would have 1 billion working-age people by 2035.
Employers Can Remain in Control During Payroll Audits

12 hours ago | news.bloombergtax.com | Jamie Rathjen

While there can be many reasons why the Internal Revenue Service or a state undertakes a payroll-related audit, employers can prepare by determining how the audit will affect them and what documents they will provide to the auditor, a practitioner and a consultant said May 13. Becky Harshberger, CPP, a payroll tax thought leader, emphasized that the employer should control what the auditor gets, how they can get it, and to whom they get access.
South Carolina Clarifies ‘Heartbeat’ Abortion Ban Timing (1)

15 hours ago | news.bloombergtax.com | Mary Anne Pazanowski

South Carolina’s “heartbeat” abortion ban prohibits intentionally terminating a pregnancy as early as six weeks’ gestation, not nine as proposed by reproductive rights advocates, the state’s top court said Wednesday.
Wisconsin Judge’s ICE Obstruction Case Draws High Court Critic

17 hours ago | news.bloombergtax.com | Alex Ebert |Alex Clearfield |Patrick Gregory

A landmark prosecution seeking federal criminal obstruction charges against a Milwaukee County judge must go through the courtroom of a jurist who was disciplined for openly criticizing a rightward swing on the US Supreme Court. Milwaukee County Judge Hannah Dugan’s case was randomly assigned to 85-year-old Lynn Adelman, a US District Court for the Eastern District of Wisconsin judge and former state senator nominated by Bill Clinton in 1997.
Total H-1B Lottery Entries Declined for Second Consecutive Year

18 hours ago | news.bloombergtax.com | Andrew Kreighbaum |Jay-Anne Casuga

Employers submitted about 344,000 eligible registrations in March for the annual H-1B visa lottery, the lowest number in four years, US Citizenship and Immigration Services said. While duplicate entries have declined dramatically in consecutive years, this spring the number of workers with just one eligible registration on their behalf fell too, according to data posted by the agency Tuesday.
Thailand Upbeat About US Tariff Deal After Bessent Lauds Offers

20 hours ago | news.bloombergtax.com | Patpicha Tanakasempipat

Thailand expects a favorable outcome from talks with the Trump administration to avert the threat of a 36% tariff, after the Southeast Asian nation submitted a range of proposals to boost imports and allow greater market access for US goods. US Treasury Secretary Scott Bessent’s mention of Thailand on Tuesday as one of the countries whose proposals were being considered is a positive signal, Thai Finance Minister Pichai Chunhavajira told reporters on Wednesday.
Sumitomo Mitsui Braces for Tariff Fallout With More Buffers

23 hours ago | news.bloombergtax.com | Taiga Uranaka |Hideki Suzuki

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Iron Ore Bounces Back to Six-Week High on Trade-War Truce Hopes

1 day ago | news.bloombergtax.com | Katharine Gemmell

Iron ore rose as trade tensions eased, spurring optimism across a metals market that has been hit especially hard by global growth worries. Futures of the steel-making ingredient reached a six-week high, climbing nearly 2%, as the temporary truce in the US-China trade war held and US President Donald Trump said he is trying to open up the Asian country to American businesses. China also said substantial progress had been made in the talks, according to a coordinated joint statement on Monday.