Facebook parent Meta urged the U.S. Tax Court to scrap part of its $16 billion tax bill, arguing that a recent decision in a related case blocks the Internal Revenue Service from allocating income based on transactions wit...(read more)

Conservation easement donors missed the 90-day window to dispute the IRS' asserted deficiencies stemming from what it said was their overstatement of the donated property's value, the U.S. government told the Eleventh Circ...(read more)

For counsel planning a personal phone collection as part of the litigation discovery process, it's important to take early steps to ensure that necessary information will be obtained without exposing unrelated information ...(read more)

The Treasury and IRS recently released proposed regulations for the permanent extension of the opportunity zones program, with key points including revocations of inadvertent qualified opportunity fund self-certifications,...(read more)

The Sixth Circuit on Tuesday approved Perrigo's voluntary dismissal of its challenge to a Michigan federal court's adjustments to its transfer pricing analysis in a dispute with the government over an intercompany assignme...(read more)

Apple saved about $2.7 billion in taxes on profits it booked in Singapore, which has edged out Ireland as the foreign country where the tech giant reported the most tax breaks, according to the company's recent financial f...(read more)

A D.C. federal judge ruled Monday that attorney James Bopp Jr. was entitled to just over $150,000 of the nearly $800,000 in legal fees that the Internal Revenue Service was ordered to pay conservative election-monitoring g...(read more)

Texas Democratic state lawmakers have introduced legislation to legalize and regulate the sale of recreational marijuana ahead of the state's legislative session, which is due to begin in January.

Kentucky's general fund revenue collection from July through October outpaced last year by $603 million, the Office of State Budget Director said in a report released Tuesday.

California will not enact a 5% tax to be levied once on the wealth of billionaires in the state, the Associated Press determined Monday.

Missouri was hit Monday with another lawsuit brought by a prediction market platform, this time with Polymarket filing a preemptive complaint to stave off a threatened gambling enforcement action by the state, as litigatio...(read more)

Portions of a parking ramp owned by the city of Duluth, Minnesota, and leased to a for-profit hotel should not be subject to property taxation, the city told the state Supreme Court, seeking reversal of a state tax court r...(read more)

California will not amend its constitution to prohibit local governments from imposing or increasing a special tax unless it's approved by two-thirds of the electorate, according to preliminary results.

Mary McNulty of Holland & Knight was lead tax counsel in ExxonMobil's landmark litigation related to the company's partnership with Qatar and won a consequential appellate decision on the meaning of a limited liability par...(read more)

A landfill operator is suing a garbage collection company for £1.4 million ($1.8 million) in tax, alleging that the collection company switched deliveries of waste to the landfill operator's sites, according to a court fil...(read more)

Soccer clubs in the U.K. could collectively face as much as £45 million ($60.2 million) in extra yearly taxes from new image rights rules, HM Revenue & Customs said.

A U.S. Tax Court judge who heard from an Eaton Corp. tax official about the power management company's transfer pricing method Monday expressed frustration with the process used to extract data for the method, at one point...(read more)

A Tennessee federal judge reversed an order stopping the government from collecting an aircraft trader's $14 million tax debt, saying a bankruptcy court improperly concluded that the government's position that the debt cou...(read more)

Lululemon customers urged a Washington federal court to reject the retailer's requests to either toss their proposed class action over tariff costs or pause the case, arguing that the company shouldn't be able to reap both...(read more)

Canada can tax a family trust on about CA$2.95 million ($2.09 million) in capital gains based on a deemed disposition triggered by the trust's failure to divide its assets before its 21st anniversary, the Tax Court of Cana...(read more)

The Council of the European Union has reached an agreement to extend the one-stop shop for value-added tax on imports to all e-commerce sales into the trade bloc and make online platforms responsible for collecting the rev...(read more)