10th Circ. Grapples With Liberty Global's $248M Tax Credit Bid
A Tenth Circuit panel questioned Monday whether Liberty Global is entitled to $248 million in foreign tax credits for the sale of a Japanese affiliate, or if legislation limits the telecommunications giant from classifying the gains as overseas income.
Whistleblower Hasn't Proved Retaliation In Tariff Fraud Case
A former employee of two defunct footwear companies has not shown her boss fired her for confronting him about a scheme she alleged he ran to lower tariffs on certain shoes, a New York federal court ruled, letting her claim that he ran the scheme continue to trial.
What To Do, And Not To Do, Before A State Tax Court Judge
Many practitioners and state government officials will face a state tax court judge at some point in their careers, and sometimes getting off on the right foot means knowing what not to do, four current and former judges said.
10th Circ. Grapples With Liberty Global's $248M Tax Credit Bid
A Tenth Circuit panel questioned Monday whether Liberty Global is entitled to $248 million in foreign tax credits for the sale of a Japanese affiliate, or if legislation limits the telecommunications giant from classifying the gains as overseas income.
Whistleblower Hasn't Proved Retaliation In Tariff Fraud Case
A former employee of two defunct footwear companies has not shown her boss fired her for confronting him about a scheme she alleged he ran to lower tariffs on certain shoes, a New York federal court ruled, letting her claim that he ran the scheme continue to trial.
What To Do, And Not To Do, Before A State Tax Court Judge
Many practitioners and state government officials will face a state tax court judge at some point in their careers, and sometimes getting off on the right foot means knowing what not to do, four current and former judges said.
Federal More
A New York-based investment partnership accused the Internal Revenue Service of wrongly increasing its income subject to self-employment taxes by about $19 million by misclassifying its limited partners to inc... (more story)
Healthcare stakeholders should take steps to evaluate the impact of cross-border tariffs, as the historically strong ties between Canada and the U.S. demonstrate the potential for real disruption and harm to t... (more story)
Kleinberg Kaplan announced Monday that it has added a Simpson Thacher & Bartlett LLP attorney to help provide clients with expertise on tax aspects of private investment fund formation and operation, as well a... (more story)
An elderly Colorado man who failed to respond to the government's claim that he owed $482,000 for failing to report his foreign bank accounts is on the hook for the bill, a federal court ruled.
A partnership that claimed a $23 million tax deduction for a conservation easement donation failed to consider the lack of market demand for a potential quarry it used to justify the land's high value, the U.S... (more story)
This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 1... (more story)
The Internal Revenue Service would continue to be blocked from accessing more than $20 billion in Inflation Reduction Act funding under legislation the Senate passed Friday that paves the way for the governmen... (more story)
State & Local More
Belkin Burden Hires Tax Exemption, Zoning Experts
Belkin Burden & Goldman LLP announced Monday it has added five new attorneys from Seiden & Schein PC who will form the firm's new tax exemptions and zoning incentives department.
Mich. Panel Revives Hangar's Property Tax Challenge
The Michigan Court of Appeals revived a company's argument that it is exempt from a city's tax on a hangar it leased from a regional airport authority, saying the state Tax Tribunal should have required the mu... (more story)
Paycheck Politics And A Bagful Of Arrogance: SALT In Review
From Seattle's new tax on large paychecks to one Maryland county's measure addressing grocery bags, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
Texas Justices Affirm Private Prison Co.'s Exemption Denial
A private prison operator with facilities in Texas was correctly denied a sales tax exemption granted to government agencies or instrumentalities of the state, the Texas Supreme Court ruled Friday.
A Judge's Pointers For Adding Spice To Dry Legal Writing
U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecti... (more story)
Taxation With Representation: Davis Polk, Paul Weiss
In this week's Taxation With Representation, Mallinckrodt PLC and Endo Inc. combine, Rocket Cos. buys Redfin, and Endo divests its international pharmaceuticals business to Knight Therapeutics Inc.
Fla. Net Revenues Through January Beat Estimates By $596M
Florida's net general revenue collection from July through January outpaced forecasts by $596 million, according to the state Office of Economic and Demographic Research.
Mo. House OKs $1.3B Cuts To Personal, Corp. Income Taxes
Missouri's House of Representatives passed a sweeping $1.3 billion tax cut bill that would reduce personal and corporate income tax rates and eliminate capital gains taxes.
Business Groups Slam Md. Plan For $1B Tax On Biz Services
Representatives of a wide range of Maryland businesses urged a pair of state legislative panels to reject a measure to impose a new sales and use tax worth more than $1 billion annually on numerous business-to... (more story)
Belkin Burden & Goldman LLP announced Monday it has added five new attorneys from Seiden & Schein PC who will form the firm's new tax exemptions and zoning incentives department.
The Michigan Court of Appeals revived a company's argument that it is exempt from a city's tax on a hangar it leased from a regional airport authority, saying the state Tax Tribunal should have required the mu... (more story)
From Seattle's new tax on large paychecks to one Maryland county's measure addressing grocery bags, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
A private prison operator with facilities in Texas was correctly denied a sales tax exemption granted to government agencies or instrumentalities of the state, the Texas Supreme Court ruled Friday.
U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecti... (more story)
In this week's Taxation With Representation, Mallinckrodt PLC and Endo Inc. combine, Rocket Cos. buys Redfin, and Endo divests its international pharmaceuticals business to Knight Therapeutics Inc.
Florida's net general revenue collection from July through January outpaced forecasts by $596 million, according to the state Office of Economic and Demographic Research.
Missouri's House of Representatives passed a sweeping $1.3 billion tax cut bill that would reduce personal and corporate income tax rates and eliminate capital gains taxes.
Representatives of a wide range of Maryland businesses urged a pair of state legislative panels to reject a measure to impose a new sales and use tax worth more than $1 billion annually on numerous business-to... (more story)
International More
2% Tax On Ultra-Wealthy Would Raise €67B, Group Says
The implementation of a 2% minimum wealth tax in the European Union on those with over €100 million ($109 million) in assets would generate €67 billion annually while minimizing regressivity in the bloc's tax ... (more story)
UK Court Affirms £300K Tax Bill For Ex-Soccer Star's TV Gig
The First-tier Tribunal was correct to find that Sky UK Ltd. employed Phil Thompson, the former captain of the Liverpool Football Club, for television appearances through his intermediary company that is liabl... (more story)
OECD Report Highlights Slow Growth Due To Tariff Impact
The Organization for Economic Cooperation and Development warned Monday that the tariffs between the U.S. and Canada and those between the U.S. and Mexico risk undermining growth at a time when tax revenue is ... (more story)
Judge Splits $79M Judgment In Danish Tax Fraud Case
A New York federal judge divided a nearly $79 million judgment against four investors and their pension plans after a jury in February found them liable for participating in a tax fraud scheme against the Danish government.
Ex-Greenberg Traurig Atty Ordered To Pay $15.5M To IRS
A former Greenberg Traurig LLP attorney who was sentenced to prison for helping a musician skirt taxes owes $15.5 million in restitution to the Internal Revenue Service, a New York federal judge ruled.
Struck-Off Lawyer Can't Lift Ban After Misleading HMRC
A former consultant solicitor who misled HM Revenue and Customs to get a refund on stamp duty land tax has failed to have his professional ban lifted as a London court ruled on Friday that the sanction was fair and justified.
Texan Calls $1.7M In FBAR Penalties Unconstitutional
Constitutional law bars the United States from imposing $1.7 million in penalties for failure to report foreign bank accounts, a Texan said in urging a federal court to dismiss such an assessment against her.
The implementation of a 2% minimum wealth tax in the European Union on those with over €100 million ($109 million) in assets would generate €67 billion annually while minimizing regressivity in the bloc's tax ... (more story)
The First-tier Tribunal was correct to find that Sky UK Ltd. employed Phil Thompson, the former captain of the Liverpool Football Club, for television appearances through his intermediary company that is liabl... (more story)
The Organization for Economic Cooperation and Development warned Monday that the tariffs between the U.S. and Canada and those between the U.S. and Mexico risk undermining growth at a time when tax revenue is ... (more story)
A New York federal judge divided a nearly $79 million judgment against four investors and their pension plans after a jury in February found them liable for participating in a tax fraud scheme against the Danish government.
A former Greenberg Traurig LLP attorney who was sentenced to prison for helping a musician skirt taxes owes $15.5 million in restitution to the Internal Revenue Service, a New York federal judge ruled.
A former consultant solicitor who misled HM Revenue and Customs to get a refund on stamp duty land tax has failed to have his professional ban lifted as a London court ruled on Friday that the sanction was fair and justified.
Constitutional law bars the United States from imposing $1.7 million in penalties for failure to report foreign bank accounts, a Texan said in urging a federal court to dismiss such an assessment against her.