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What Tax Experts Hope To See In Labour's Manifesto

Labour's policy manifesto, expected to be unveiled on Thursday, will be studied by tax lawyers for more detail on ... (more story)

Pa. Business Income Rule Sparks Worries Of Tax Overreach

A regulation that the Pennsylvania Department of Revenue proposed to outline what constitutes apportionable busine... (more story)

Win May Embolden IRS Use Of Economic Substance Doctrine

The IRS' successful wielding of the economic substance doctrine to characterize multinational telecommunications c... (more story)

Federal More

SVB Wants A Trial Over Its $605M Tax Bill From IRS

The parent company of failed Silicon Valley Bank has told a New York bankruptcy judge it wants him to decide if it owes the Internal Revenue Service more than $605 million in taxes.

Compliance Costs Outweigh Min. Tax Gains, Biz Reps Say

Multinational businesses are concerned that the burden of complying with the 15% global minimum tax outweighs any potential revenue gains associated with the burgeoning system, tax attorneys and a trade associ... (more story)

Kostelanetz Partners Talk Benefits Of Atlanta Tax Firm Tie-Up

Kostelanetz LLP partners Bryan Skarlatos and Todd Welty discuss the firm’s recent combination with Atlanta boutique Welty PC.

Charity Founder Charged With Embezzling $2.5M, Evading Tax

The founder of a New York City charity embezzled $2.5 million in donations meant for low-income families and then failed to report the earnings to the Internal Revenue Service or pay tax on them, according to ... (more story)

Lean Into The 'Great Restoration' To Retain Legal Talent

As the “great resignation,” in which employees voluntarily left their jobs in droves, has largely dissipated, legal employers should now work toward the idea of a “great restoration,” adopting strategies to ef... (more story)

Ex-LA Chinatown Bank CFO Gets 3 Years For Embezzlement

The former chief financial officer of a bank based in Los Angeles' Chinatown has been sentenced to three years in prison after pleading guilty to bank fraud for embezzling more than $700,000 from his employer.

Exec Wants IRS To Destroy Or Yield Docs In Summons Fight

The IRS should be forced to destroy or return bank records it obtained from a cryptocurrency executive charged in a 2020 bitcoin fraud investigation because the agency failed to notify him and his company of t... (more story)

State & Local More

Precedent Favors Nationwide In Mich. Tax Fight, Judge Says

A Michigan Court of Appeals judge said Tuesday that the state's tax agency was asking the court to turn its back on recent precedent to hold that Nationwide entities couldn't file as a unitary business to shar... (more story)

No Tax Owed On Mailed Ads, Insurer Tells Mich. Appeals Court

Advertisements mailed for a Michigan insurance provider by an out-of-state direct-mail contractor should not incur the state's use tax, the insurer told a state appeals court Tuesday.

Global Combined Reporting Catches States' Eyes, Expert Says

States in the last two years are showing interest in worldwide combined reporting at a level not seen in decades, a tax expert said.

Philly Tax Case Could Give Answers On Reach Of Localities

The U.S. Supreme Court, presented with a Philadelphia resident's claim that the city's refusal to credit her Delaware state taxes paid against her city wage tax liabilities discriminated against interstate com... (more story)

Unclaimed Property Group Backs Disney At Mich. High Court

An unclaimed property holder trade organization urged the Michigan Supreme Court to affirm that the state waited too long to demand that Disney and a restaurant company remit unclaimed property, arguing that t... (more story)

NJ Panel OKs Relaxing Worker Location Rules For Tax Credits

New Jersey would permanently loosen the employee location requirement for businesses to qualify for some of the state's tax breaks and grant programs as part of a bill advanced by the Senate Economic Growth Co... (more story)

Ariz. Justices Allow Tax On Marriott Loyalty Rewards Stays

A Marriott-branded hotel in Arizona is liable for state taxes on rooms booked through a customer loyalty program, the state's Supreme Court said, upholding a state tax court decision.

SD Declines To Respond To High Court Use Tax Appeal

The South Dakota Department of Revenue sad it will not file a response in the U.S. Supreme Court to a construction company's petition that argues use tax imposed by the state on movable construction equipment ... (more story)

Amazon Presses SC Justices To Review Sales Tax Case

The South Carolina Supreme Court should review an appeals court's opinion that held Amazon was required to collect and remit sales tax on products sold on its marketplace in 2016 and owes the state $12.5 milli... (more story)

International More

Tory Tax Cut Plans Raise Questions On Funding Gaps

The prime minister unveiled plans for £17.2 billion ($21.8 billion) in tax cuts at the launch of the Conservative Party's election manifesto on Tuesday, but a headline cut of two percentage points in the payro... (more story)

Sunak Pledges Further Tax Cuts In Election Manifesto

Rishi Sunak said on Tuesday that his Conservative Party would establish a tax system that "rewards work" by slashing a range of levies if it wins the general election, including another cut in the national pay... (more story)

UN Aims To Finish Drafting Tax Convention By Fall 2026

The United Nations should aim to finish a framework convention on international tax cooperation and early protocols that address taxation of the digital economy, cross-border services and high-net-worth indivi... (more story)

Lib Dems Vow To Raise Capital Gains Tax For UK's Wealthiest

The U.K.'s third-largest political party vowed on Monday to raise taxes on the country's wealthiest individuals if it wins the next election, in a bid to raise £5 billion ($6.4 billion) for the National Health Service.

Dentons Adds Pair Of Husch Blackwell Tax Attys

Two South Carolina tax attorneys have joined Dentons' corporate, tax and private client practice as partners after moving from Husch Blackwell LLP, the firm announced on Thursday.

Taxation With Representation: Vinson, Latham, Ropes & Gray

In this Week's Taxation with Representation, Waste Management buys Stericycle, Becton Dickinson pays $4.2 billion for Edwards Lifesciences' critical care products unit, Aquiline Capital Partners raises over $3... (more story)

Medtronic Urges 8th Circ. To Back Its Transfer Pricing Method

Medical device maker Medtronic reiterated Thursday its bid for the Eighth Circuit to revive its method for pricing intangible property that was licensed to a Puerto Rican affiliate, arguing the government's co... (more story)