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News Bytes 20250414: Argonne’s AI-based Reactor Monitor, AI on the Moon, TSMC under $1B Penalty Threat, HPC-AI in Growth Mode

insideBIGDATA

APRIL 14, 2025

A happy Tax Day (U.S.) Eve to you! Its been an eventful week in the HPC-AI industry, heres a rapid (8:39) run-down of recent news, including: Argonne's AI-based reactor digital twin, AI factory on the moon?, TSMC may face US$1B U.S. export penalty, Chinese AI order of Nvidia H20 GPUs, HPC-AI market growth.

AI

AI AI

Revolutionizing Taxation: How India Uses AI & ML to Improve the Tax Process

Analytics Vidhya

APRIL 9, 2023

The Government of India is thus utilizing this technology in a complex process like taxation to make tax filing more […] The post Revolutionizing Taxation: How India Uses AI & ML to Improve the Tax Process appeared first on Analytics Vidhya.

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ML ML Artificial Intelligence Artificial Intelligence

Spain and Brazil push global action to tax the super-rich and curb inequality

Hacker News

JULY 2, 2025

Spain and Brazil have launched a joint initiative to promote higher tax contributions from the super-rich worldwide, aimed at tackling soaring inequality by ensuring those with the most pay their fair share.

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Progressive tax rates in Western Europe

FlowingData

JUNE 4, 2025

There is always ample discussion about progressive tax rates in the United States. For those unfamiliar, income earned within certain ranges are taxed differently. Higher income is taxed higher. The y-axes represent the tax rate for the income level. The y-axes represent the tax rate for the income level.

Thomson Reuters launches agentic AI for legal and tax work

Dataconomy

JUNE 2, 2025

Thomson Reuters launched agentic AI systems on June 2, 2025, starting with CoCounsel for tax, audit, and accounting professionals, to perform complex tasks with transparency and precision. The Thomson Reuters agentic platform has been in development for over a year and is now integrated into legal, tax, risk, and compliance platforms.

AI

AI AI AWS

ChatGPT for taxes? OpenAI and H&R Block have a plan for tax pros

Flipboard

APRIL 15, 2025

As Americans race to meet Tuesday's deadline for filing their tax returns, OpenAI and H&R Block are letting tax professionals know that, by next

Artificial Intelligence

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IRS and Security Summit partners put a stop to tax ID theft

Dataconomy

DECEMBER 4, 2023

With the tax filing season approaching, IRS and Security Summit partners have joined forces to combat tax ID theft, a growing threat in cybersecurity. A tax ID is a unique identifier used by governments to track individuals and businesses for tax purposes. It is important to protect your tax ID from identity theft.

Filing Taxes with AI: Which Model is Your Best Accountant?

Analytics Vidhya

FEBRUARY 17, 2025

Its that time of the year again and tax filing is indeed a taxing process! How about having a personalized AI tax assistant at your fingertips? With powerful AI models like OpenAIs o3-mini on ChatGPT, […] The post Filing Taxes with AI: Which Model is Your Best Accountant? Are you struggling with filing your ITR?

AI

AI AI Analytics Analytics

Ending the Ivy League's Tax Dodge

Hacker News

FEBRUARY 26, 2024

As efforts mount to finally tax private universities’ massive endowment funds, wealthy institutions are fighting back.

Tax prep companies: $90M lobbying against free tax-filing

Hacker News

SEPTEMBER 2, 2023

Top tax prep companies spent over $90 million on lobbying in the past two decades since the IRS Free File Program’s launch.

Reining in America's $3.3T tax-exempt economy

Hacker News

JUNE 20, 2024

For over a century, lawmakers have exempted politically favored organizations and industries from the tax code. As a result, the tax-exempt nonprofit economy now comprises 15 percent of GDP, roughly equal to the fifth-largest economy in the world.

IRS Plans to Make Free Tax Filing Permanent

Hacker News

MAY 30, 2024

The Internal Revenue Service said Thursday that it will continue and expand its free tax filing program in 2025.

Apple must pay 13B euros in back taxes, EU's top court rules

Hacker News

SEPTEMBER 10, 2024

Europe's top court on Tuesday ruled against Apple in the tech giant's 10-year court battle over its tax affairs in Ireland.

Pharma firms stash profits in Europe's tax havens

Hacker News

JULY 1, 2024

Investigate Europe finds 15 of the world’s biggest drugmakers operate more than 1,300 subsidiaries in tax havens, as they amassed over €580 billion in global profits over the past five years. Meanwhile, patients face life-threatening delays for medicines due to high drug prices.

IRS Direct File adds 12 additional states, covers more tax situations in 2025

Hacker News

OCTOBER 3, 2024

3, 2024 WASHINGTON — The Internal Revenue Service announced today that Direct File will be available for the 2025 tax filing season in double the number of states than last year’s pilot, and it will cover a wider range of tax situations, greatly expanding the number of taxpayers eligible to use the free e-filing service.

Moore vs. United States: Tax Unrealized Income Case

Hacker News

DECEMBER 9, 2023

tax base which could quickly become legally uncertain, putting significant revenue at stake. A major case pending before the U.S. Supreme Court (Moore v. United States) is calling into question provisions on large portions of the U.S.

Spotify starts ‘disinvesting’ in France in response to new music-streaming tax

Hacker News

DECEMBER 22, 2023

Spotify is pulling support for two music festivals in protest against a controversial new tax directed at music-streaming platforms operating in France, and threatened more action will follow in the coming months. All rights reserved. For personal use only.

IRS to Begin Trial of Its Own Free Tax-Filing System

Hacker News

JANUARY 6, 2024

But the agency’s plans have already met resistance from tax preparation companies. Residents of 12 states are eligible to participate if they meet certain criteria.

The High Price of Empty Office Space: Billions in Tax Breaks, with More to Come

Hacker News

DECEMBER 30, 2023

An analysis by THE CITY shows that long-ago luxury real estate deals from Hudson Yards to Times Square are costing dearly in reduced city tax collections. Now City Hall is rolling out still more tax relief, with little transparency.

Self-Funding Harberger Taxes

Hacker News

DECEMBER 4, 2024

Copyright mechanism proposal to solve the orphan works problem: self-assessed Harberger taxes on any inherited copyright are then invested, and dedicated to eventually buying out the owners. Works are either immediately public-domained, or the owners voluntarily ‘sell’ them if their value underperforms a baseline investment.

This AI Tax Assistant Actually Seems Pretty Useful

Flipboard

DECEMBER 14, 2023

H&R Block has released a new AI chatbot specifically for your tax questions—an arena where, in the past, I'd say AI should not be trusted. Using conversational AI, this virtual tax expert can answer many of your common tax questions and supplement your understanding of the tax process.

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AI AI Artificial Intelligence Artificial Intelligence

Portugal brings back tax breaks for foreigners in bid to woo digital nomads

Hacker News

JULY 7, 2024

The country's former prime minister called the tax breaks a "fiscal injustice" that drove up house prices.

Environmental tax on cheap fashion imports: France takes aim at sustainability issues

Dataconomy

MARCH 28, 2024

In a bold move to tackle the environmental impact of ultra-cheap fashion imports, France is considering implementing a groundbreaking environmental tax toward all goods that are shipped from China which can be located and tracked using a tracking number search.

Berkshire Hathaway Now Pays 5% of All Corporate Income Taxes in America

Hacker News

JUNE 24, 2025

billion tax payment in 2024 accounted for 5% of all U.S. corporate income tax, marking a dramatic reversal from its tax-free history six decades ago. Berkshire Hathaway's $26.8

The Double Irish Dutch Sandwich: End of a Tax Evasion Strategy

Hacker News

SEPTEMBER 17, 2024

I wrote a decade ago about the Double Irish Dutch Sandwich, a strategy for corporations to evade taxes that was widespread and large-scale enough to come to the attention of the International Monetary Fund. But due to various changes in national and international tax agreements, the strategy seems to have faded substantially.

Intuit uses Amazon Bedrock and Anthropic’s Claude to explain taxes in TurboTax to millions of consumer tax filers

AWS Machine Learning Blog

JULY 30, 2024

Tax filing can be a challenge, with its ever-changing regulations and intricate nuances. That’s why the company empowers millions of individuals and small businesses to comprehend tax-related information effortlessly and file with full confidence that their taxes are done right. billion hours every year doing their taxes.

AWS

AWS AI AI ML

Early Bitcoin Investor Roger Ver Charged with Tax Fraud

Hacker News

APRIL 30, 2024

An indictment was unsealed charging Roger Ver, an early investor in bitcoins, with mail fraud, tax evasion and filing false tax returns. Ver was arrested this weekend in Spain based on the U.S. criminal charges. The United States will seek Ver’s extradition to stand trial in the United States.

The Hidden Tax Trap for SaaS Founders in Germany

Hacker News

NOVEMBER 15, 2024

Something that should worry every indie hacker considering Germany as their base: Our tax system effectively penalizes software founders who bootstrap to exit. Unlike the US, UK…

Children's daily sugar consumption halved just a year after tax, study finds

Hacker News

JULY 10, 2024

Experts say success shows expansion of tax to cover other foods and drinks is a ‘no brainer’

The failure of the land value tax

Hacker News

MARCH 13, 2025

Land value taxes are once again becoming a popular all-purpose solution to housing issues. But implementing them in early 1900s Britain destroyed the then-dominant Liberal Party.

California property taxes, through the Painted Ladies houses

FlowingData

JUNE 4, 2024

Six of them are basically the same, but the annual property taxes are not. For the San Francisco Chronicle, Nami Sumida shows why through a set of charts and illustrations , using the differences as a way to explain California property taxes. Tags: Painted Ladies , San Francisco Chronicle , taxes

Tariff exposure for groups of goods

FlowingData

APRIL 7, 2025

That means products that the United States commonly gets from Vietnam, such as clothing and shoes, would be subject to a new 46 percent tax, whereas goods from Colombia, like flowers, would see a lower new 10 percent levy. Imports from Mexico, such as avocados, will have no new tax. coins won’t get taxed as hard.

Council Post: The Critical Role Of AI Governance In Indirect Tax Technology Adoption

Flipboard

APRIL 21, 2025

The indirect tax industry, for example, is beginning to Artificial intelligencespecifically generative artificial intelligence (GenAI)is transforming all industries and creating opportunities to re-imagine how technology is leveraged to drive business.

Artificial Intelligence

Artificial Intelligence Artificial Intelligence AI AI

Notes on Remitting Stripe Tax to the UK and EU

Hacker News

JULY 26, 2024

This is known as a digital good and is subject to tax in various jurisdictions. Photo by Kelly Sikkema on Unsplash I’ve been selling access to high resolution shadow maps on shademap.app for the past few months. I use Stripe as my payment. | Ted Piotrowski | Code to live. Live to spend time outdoors.

Responsible AI can revolutionize tax agencies to improve citizen services

IBM Journey to AI blog

MAY 31, 2024

Driving innovation for tax agencies with trust in mind Tax or revenue management agencies are a part of the public sector that might likely benefit from the use of responsible AI tools. Generative AI can revolutionize tax administration and drive toward a more personalized and ethical future.

AI

AI AI Artificial Intelligence Artificial Intelligence

OBBB signed: Reinstates immediate expensing for U.S.-based R&D

Hacker News

JULY 4, 2025

The One Big Beautiful Bill Act revives bonus depreciation full expensing, reshapes R&D tax credits, 174 expensing, cost segregation, and energy incentives under 179D and 45L.

Inheritance uncertainty: Clarifying whether New Zealanders have to pay tax

Flipboard

JANUARY 24, 2025

Ive been informed by the IRD that I dont have to fill out tax returns anymore. By Susan Edmunds of RNZ I receive Super every two weeks. Now Im about

Machine Learning

Machine Learning Machine Learning

Pay more taxes and receive less

FlowingData

MAY 29, 2025

In other words, by decreasing the amount of tax revenue it gathers from the ultra-rich, decreasing the transfers it makes to the poor, and increasing its overall spending, Republicans are asking middle-income and poor families to shoulder a much larger share of the federal deficit all while they get less from the government.

Domino Data Lab Transforms AI Governance from Innovation Tax into Value Driver

insideBIGDATA

OCTOBER 8, 2024

Domino Data Lab, provider of the leading Enterprise AI Platform trusted by the largest AI-driven companies, today announced Domino Governance, a new solution for mitigating AI's risks while accelerating its rewards. Its unique approach automatically orchestrates the fully governed model lifecycle.

AI

AI AI Data Governance Big Data

Sin taxes are suffering from a shortage of sinners

Hacker News

NOVEMBER 6, 2024

Governments across the rich world are looking for alternatives

Should the US implement a ‘robot tax?’

Flipboard

SEPTEMBER 2, 2023

A version of this story original appeared in TechCrunch’s weekly robotics newsletter, Actuator. Subscribe here. A big and often unremarked upon aspect of being a reporter is knowing your audience. It’s not always as straightforward as it sounds — particularly when writing about tech. You’re always …

Computer Science

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AI Set to Save Professionals 12 Hours Per Week by 2029

insideBIGDATA

JULY 11, 2024

Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, released its 2024 Future of Professionals report, an annual survey of more than 2,200 professionals working across legal, tax, and risk & compliance fields globally.

AI

AI AI Artificial Intelligence Artificial Intelligence

Republican bill’s effects on household income, by income group

FlowingData

JUNE 17, 2025

The bill as passed by the House in May would raise after-tax incomes for the highest-earning 10 percent of American households on average by 2.3 The shape of that distribution is rare: Tax cut packages have seldom left the poor significantly worse off. Tags: bill , government , taxes , Upshot

Tariffs in American History

Hacker News

MAY 24, 2025

When Alexander Hamilton became the nations first Secretary of the Treasury, he immediately began to prepare a schedule of tariffs, along with excise taxes on such commodities as alcohol and tobacco. The Constitution forbids taxing the exports of any state, and so American tariffs have always been laid only on imports.

News Bytes 20250414: Argonne’s AI-based Reactor Monitor, AI on the Moon, TSMC under $1B Penalty Threat, HPC-AI in Growth Mode

Revolutionizing Taxation: How India Uses AI & ML to Improve the Tax Process

Webinars

Trending Sources

Spain and Brazil push global action to tax the super-rich and curb inequality

Webinars

Progressive tax rates in Western Europe

Thomson Reuters launches agentic AI for legal and tax work

ChatGPT for taxes? OpenAI and H&R Block have a plan for tax pros

IRS and Security Summit partners put a stop to tax ID theft

Filing Taxes with AI: Which Model is Your Best Accountant?

Ending the Ivy League's Tax Dodge

Tax prep companies: $90M lobbying against free tax-filing

Reining in America's $3.3T tax-exempt economy

IRS Plans to Make Free Tax Filing Permanent

Apple must pay 13B euros in back taxes, EU's top court rules

Pharma firms stash profits in Europe's tax havens

IRS Direct File adds 12 additional states, covers more tax situations in 2025

Moore vs. United States: Tax Unrealized Income Case

Spotify starts ‘disinvesting’ in France in response to new music-streaming tax

IRS to Begin Trial of Its Own Free Tax-Filing System

The High Price of Empty Office Space: Billions in Tax Breaks, with More to Come

Self-Funding Harberger Taxes

This AI Tax Assistant Actually Seems Pretty Useful

Portugal brings back tax breaks for foreigners in bid to woo digital nomads

Environmental tax on cheap fashion imports: France takes aim at sustainability issues

Berkshire Hathaway Now Pays 5% of All Corporate Income Taxes in America

The Double Irish Dutch Sandwich: End of a Tax Evasion Strategy

Intuit uses Amazon Bedrock and Anthropic’s Claude to explain taxes in TurboTax to millions of consumer tax filers

Early Bitcoin Investor Roger Ver Charged with Tax Fraud

The Hidden Tax Trap for SaaS Founders in Germany

Children's daily sugar consumption halved just a year after tax, study finds

The failure of the land value tax

California property taxes, through the Painted Ladies houses

Tariff exposure for groups of goods

Council Post: The Critical Role Of AI Governance In Indirect Tax Technology Adoption

Notes on Remitting Stripe Tax to the UK and EU

Responsible AI can revolutionize tax agencies to improve citizen services

OBBB signed: Reinstates immediate expensing for U.S.-based R&D

Inheritance uncertainty: Clarifying whether New Zealanders have to pay tax

Pay more taxes and receive less

Domino Data Lab Transforms AI Governance from Innovation Tax into Value Driver

Sin taxes are suffering from a shortage of sinners

Should the US implement a ‘robot tax?’

AI Set to Save Professionals 12 Hours Per Week by 2029

Republican bill’s effects on household income, by income group

Tariffs in American History

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