EU Countries Criticize Taxes As Regressive In Budget Talks
Several European Union countries criticized what they view as regressive tax proposals during a public ministerial meeting Tuesday on the bloc's next long-term budget.
IRS Can Enforce Summons In Korean Probe Of VC Partner
The IRS can enforce a summons seeking bank information about a venture capitalist on behalf of South Korean tax authorities, a California federal judge ruled, holding that the statutory requirement to provide advance notice applies only to domestic tax liabilities.
Minn. Tax Court Correct On Childcare Break, Justices Told
A Minnesota childcare center was entitled to judicial review of the denial of a property tax exemption despite failing to meet an initial deadline, it told the state Supreme Court, urging the court to uphold a state tax court decision that allowed the break.
EU Countries Criticize Taxes As Regressive In Budget Talks
Several European Union countries criticized what they view as regressive tax proposals during a public ministerial meeting Tuesday on the bloc's next long-term budget.
IRS Can Enforce Summons In Korean Probe Of VC Partner
The IRS can enforce a summons seeking bank information about a venture capitalist on behalf of South Korean tax authorities, a California federal judge ruled, holding that the statutory requirement to provide advance notice applies only to domestic tax liabilities.
Minn. Tax Court Correct On Childcare Break, Justices Told
A Minnesota childcare center was entitled to judicial review of the denial of a property tax exemption despite failing to meet an initial deadline, it told the state Supreme Court, urging the court to uphold a state tax court decision that allowed the break.
Federal More
The U.S. Tax Court correctly ruled that a San Francisco marijuana dispensary's expenses found to be tied to trafficking in controlled substances aren't deductible, the IRS told the Ninth Circuit, saying such a... (more story)
The U.S. Supreme Court's 2024 Loper Bright decision does not allow U.S. Virgin Islands revenue collectors to override U.S. Treasury Department regulations exempting residents of the territory from the net inve... (more story)
Microsoft's bid to force arbitration of an Xbox purchaser's proposed class action accusing the video game giant of wrongfully withholding tariff refunds from consumers should fail because it can't point to a c... (more story)
A disbarred lawyer and his wife owe more than $1.8 million in outstanding tax liabilities the IRS has tried to collect for more than a decade, a Wisconsin federal judge said, finding the agency substantiated t... (more story)
The IRS should not invoke the economic substance doctrine whenever it dislikes a transaction's tax consequences, an advocacy group told the Fifth Circuit on Monday in an eye doctor and his wife's appeal of a r... (more story)
The IRS asked the Fifth Circuit to stay briefing in a global tax services provider's bid to revive its challenge to the agency's reporting rules for microcaptive insurance companies pending the resolution of a... (more story)
Litigation funder Omni Bridgeway has urged a D.C. federal court to preserve a default judgment enforcing a roughly $13 million arbitral award against Albanian state entities, arguing they waited an unreasonabl... (more story)
State & Local More
Ill. Panel Says News Report Bars Law Firm's FCA Suit
An Illinois appellate court on Friday upheld the dismissal of a whistleblower lawsuit brought by Forde & O'Meara LLP accusing a company of secretly assigning its interests in unpaid state bills to unapproved e... (more story)
Ex-NJ AG Platkin Says Suit Over RICO Case Still Falls Short
Former New Jersey Attorney General Matthew Platkin says an amended malicious prosecution complaint against him, filed by a former CEO indicted in a now-dismissed racketeering case against South Jersey power br... (more story)
Ariz. Launches Tax-Exempt Bond Program For Infrastructure
Arizona property owners may form special districts to issue tax-exempt bonds to fund public infrastructure under a program that has been launched pursuant to legislation passed in June, Gov. Katie Hobbs announced.
Taxation With Representation: Davis Polk, Latham, Sullivan
In this week's Taxation With Representation, a group backed by Michael Dell's family office and Sequence Holdings acquires a majority interest in The Baldwin Group, May Mobility merges with a blank check compa... (more story)
Not What The Law Says: SALT In Review
From an appellate ruling on a deduction in Alabama to a California tax credit that would support journalists, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
NY Urges 2nd Circ. To Halt DOT Efforts Vs. Congestion Pricing
New York transportation agencies have urged the Second Circuit to shut down the Trump administration's continued efforts to eliminate congestion pricing, saying the federal government doesn't have free rein to... (more story)
Exonerated NJ Power Broker Sues Philly Inquirer For $100M
New Jersey power broker George E. Norcross III alleged in a $100 million defamation suit filed Thursday in Pennsylvania state court that the Garden State's failed racketeering case against him was built upon f... (more story)
An Illinois appellate court on Friday upheld the dismissal of a whistleblower lawsuit brought by Forde & O'Meara LLP accusing a company of secretly assigning its interests in unpaid state bills to unapproved e... (more story)
Former New Jersey Attorney General Matthew Platkin says an amended malicious prosecution complaint against him, filed by a former CEO indicted in a now-dismissed racketeering case against South Jersey power br... (more story)
Arizona property owners may form special districts to issue tax-exempt bonds to fund public infrastructure under a program that has been launched pursuant to legislation passed in June, Gov. Katie Hobbs announced.
In this week's Taxation With Representation, a group backed by Michael Dell's family office and Sequence Holdings acquires a majority interest in The Baldwin Group, May Mobility merges with a blank check compa... (more story)
From an appellate ruling on a deduction in Alabama to a California tax credit that would support journalists, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
New York transportation agencies have urged the Second Circuit to shut down the Trump administration's continued efforts to eliminate congestion pricing, saying the federal government doesn't have free rein to... (more story)
New Jersey power broker George E. Norcross III alleged in a $100 million defamation suit filed Thursday in Pennsylvania state court that the Garden State's failed racketeering case against him was built upon f... (more story)
International More
HMRC Reminds Companies To Join Brexit Trade Platform
The U.K.'s tax authority reminded businesses Tuesday that they are required to join the new trader support service for the flow of goods from Northern Ireland to Britain before it goes live in October.
UBS Fined €5M Over Credit Suisse Legacy Tax Evasion
UBS said Tuesday it has agreed to pay €5 million ($5.7 million) to the Dutch Public Prosecution Service to settle a legacy case involving alleged tax evasion linked to 12 former Credit Suisse clients.
Gov't Urged To Commit To Long-Term Pension Tax Rules
The British government must prioritize a long-term pension policy taxation framework in its forthcoming budget, the Investment Association said Tuesday, amid concern that changes to retirement savings rules ar... (more story)
Canadian Man Owes Tax As Homebuilder, Court Says
A Canadian man owes about CA$540,000 ($385,200) in sales tax as the builder of a home sold for a profit despite claiming that his original motivation was to live in the home, the Tax Court of Canada found.
Housing Lender Calls On UK To Ditch Building Safety Tax
The U.K. government should scrap its incoming building safety levy to reduce barriers to constructing new houses as part of its autumn budget, a property lender urged Monday.
Tax Tipster Fights For Whistleblower Award At DC Circ.
U.S. Tax Court wrongly upheld the IRS denying a whistleblower award for information about a taxpayer's transfer pricing despite the agency failing to follow its internal procedures, the individual told the D.C. appeals court.
Five Deny Tax Fraud Charges Over Payroll Outsourcing
Five individuals pleaded not guilty Friday at a London criminal court to tax fraud and money laundering charges linked to an HM Revenue and Customs investigation into a payroll outsourcing business.
The U.K.'s tax authority reminded businesses Tuesday that they are required to join the new trader support service for the flow of goods from Northern Ireland to Britain before it goes live in October.
UBS said Tuesday it has agreed to pay €5 million ($5.7 million) to the Dutch Public Prosecution Service to settle a legacy case involving alleged tax evasion linked to 12 former Credit Suisse clients.
The British government must prioritize a long-term pension policy taxation framework in its forthcoming budget, the Investment Association said Tuesday, amid concern that changes to retirement savings rules ar... (more story)
A Canadian man owes about CA$540,000 ($385,200) in sales tax as the builder of a home sold for a profit despite claiming that his original motivation was to live in the home, the Tax Court of Canada found.
The U.K. government should scrap its incoming building safety levy to reduce barriers to constructing new houses as part of its autumn budget, a property lender urged Monday.
U.S. Tax Court wrongly upheld the IRS denying a whistleblower award for information about a taxpayer's transfer pricing despite the agency failing to follow its internal procedures, the individual told the D.C. appeals court.
Five individuals pleaded not guilty Friday at a London criminal court to tax fraud and money laundering charges linked to an HM Revenue and Customs investigation into a payroll outsourcing business.