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Netflix, Colo. Tax Fight Highlights Ambiguity Over Tech Taxes
Netflix's long-running challenge to Colorado's streaming tax, which ended in a settlement before the state Supreme Court last month, highlighted the need for state guidance on how decades-old sales tax statutes can apply to the digital economy, practitioners said.
EU Must Walk Tightrope With Carbon Tax Under WTO Rules
Lawmakers behind the European Union's carbon import tax say the policy supports global climate action while remaining compliant with World Trade Organization rules — although experts note that treating all traders equally can be tricky in practice.
Tax Court Has Jurisdiction In Partnership's Late-Filed Case
The U.S. Tax Court has jurisdiction in the case of a partnership that missed the 90-day window for filing its petition under an Internal Revenue Code rule enacted in 2015, the court held Wednesday, finding that the rule warranted a result different from that reached in an earlier case.
Netflix, Colo. Tax Fight Highlights Ambiguity Over Tech Taxes
Netflix's long-running challenge to Colorado's streaming tax, which ended in a settlement before the state Supreme Court last month, highlighted the need for state guidance on how decades-old sales tax statutes can apply to the digital economy, practitioners said.
EU Must Walk Tightrope With Carbon Tax Under WTO Rules
Lawmakers behind the European Union's carbon import tax say the policy supports global climate action while remaining compliant with World Trade Organization rules — although experts note that treating all traders equally can be tricky in practice.
Tax Court Has Jurisdiction In Partnership's Late-Filed Case
The U.S. Tax Court has jurisdiction in the case of a partnership that missed the 90-day window for filing its petition under an Internal Revenue Code rule enacted in 2015, the court held Wednesday, finding that the rule warranted a result different from that reached in an earlier case.
Federal More
A Las Vegas tax preparation business owner was sentenced to 30 months in prison for conspiring to defraud the U.S. government by filing false tax returns and diverting portions of the resulting refunds to hers... (more story)
The U.S. Supreme Court’s holding in Trump v. Slaughter, expanding presidential control over those exercising executive power, suggests that courts may be receptive to arguments challenging the constitutional f... (more story)
Congress would permanently block President Donald Trump's immunity deal with the Internal Revenue Service under legislation introduced by the top Democratic tax writers in the House and Senate on Thursday.
A U.S. Court of International Trade judge repeatedly expressed confusion Thursday over the federal government's objection to the certification of a class of importers seeking refunds of President Donald Trump'... (more story)
Jones Day has hired a former Morgan Lewis & Bockius LLP tax attorney who spent more than 11 years representing multinational businesses, partnerships, and high-net-worth individuals, the firm announced Wednesday.
A pair of law firms are alleging in Georgia federal court that the Internal Revenue Service wrongly denied their claims to employee retention credits, a tax incentive created during the height of the COVID-19 ... (more story)
The U.S. Supreme Court recently held in Sripetch v. U.S. Securities and Exchange Commission that disgorgement exists to strip a wrongdoer of unjust enrichment, not merely to compensate victims for what they lo... (more story)
State & Local More
Ga. Drops Uber Tax Appeal After State High Court Loss
Georgia's tax agency and Uber have settled their dispute over whether the ride-hailing company was required to collect and remit millions in sales taxes on behalf of drivers and customers who used its app befo... (more story)
NJ Tax Court Can't Relax Couple's Tax Bill Before Challenge
The New Jersey Tax Court said Thursday that it cannot relax a couple's property tax assessment payments despite being granted legislative authority, because the couple must first challenge the assessment with ... (more story)
Biz Groups Back Energy Co.'s $8M Tax Case To Mich. Justices
Wholesale electricity sales to a regional grid operator should be sourced to the states of their final customers, business groups told the Michigan Supreme Court, backing the company's appeal of an $8 million state tax bill.
JBS To Pay $31M In Pilgrim's Pride Investors' Control Suit
Brazil-based meat giant JBS SA agreed to pay $31 million to shareholders of its subsidiary Pilgrim's Pride Corp. to settle a suit accusing JBS, its affiliates and its Pilgrim's board appointees of unfairly inc... (more story)
NJ Firm Winne Banta Brings On Trusts And Estates Atty Duo
The principals behind a Hackensack, New Jersey-based trust and estates and elder law firm have joined Winne Banta Basralian & Kahn PC as members of the firm bringing expertise in tax efficient family wealth tr... (more story)
NYC Extends Deadline For Pied-À-Terre Tax Exemptions
New York City Mayor Zohran Mamdani has extended the deadline for applying for exemptions from a "pied-à-terre" tax on second NYC homes that the city values at $1 million or more, setting the new deadline as Sept. 18.
Fla. Homestead Exemption Ballot Question Must Be Changed
The Florida attorney general has 10 days to submit a revised title and summary for a ballot question that proposes boosting the state's homestead tax exemption, after a state judge found the current language m... (more story)
Georgia's tax agency and Uber have settled their dispute over whether the ride-hailing company was required to collect and remit millions in sales taxes on behalf of drivers and customers who used its app befo... (more story)
The New Jersey Tax Court said Thursday that it cannot relax a couple's property tax assessment payments despite being granted legislative authority, because the couple must first challenge the assessment with ... (more story)
Wholesale electricity sales to a regional grid operator should be sourced to the states of their final customers, business groups told the Michigan Supreme Court, backing the company's appeal of an $8 million state tax bill.
Brazil-based meat giant JBS SA agreed to pay $31 million to shareholders of its subsidiary Pilgrim's Pride Corp. to settle a suit accusing JBS, its affiliates and its Pilgrim's board appointees of unfairly inc... (more story)
The principals behind a Hackensack, New Jersey-based trust and estates and elder law firm have joined Winne Banta Basralian & Kahn PC as members of the firm bringing expertise in tax efficient family wealth tr... (more story)
New York City Mayor Zohran Mamdani has extended the deadline for applying for exemptions from a "pied-à-terre" tax on second NYC homes that the city values at $1 million or more, setting the new deadline as Sept. 18.
The Florida attorney general has 10 days to submit a revised title and summary for a ballot question that proposes boosting the state's homestead tax exemption, after a state judge found the current language m... (more story)
International More
Africa Wants Majority Voting For Future UN Tax Pact Decisions
The African Group wants simple majority voting for decisions by governments that ratify the proposed United Nations Framework Convention on International Tax Cooperation, a representative said Thursday.
Meta Can't Force Stipulation Of Facts In $16B Tax Court Fight
Meta cannot force the IRS to agree to the truth of "selective quotes" from trial transcripts and other documents from a related case as the company currently fights a $16 billion tax bill, the U.S. Tax Court ruled Thursday.
Taiwan LED Maker To Pay $5.15M In Customs Fraud Deal
Taiwanese-based Everlight Electronics will pay the U.S. government $5.15 million to resolve duty evasion allegations in a dispute brought under the False Claims Act, the U.S. Attorney's Office for the District... (more story)
Finance Group Urges Changes To UK Tax Reporting Rules
The U.K.'s Labour government should change its plans for new cross-border tax reporting rules because the draft rules are overly complex for financial firms and the timeline is unrealistic, an industry group warned.
OECD Biz Group Asks For Clearer Transfer Pricing Guidelines
A business advisory group to the Organization for Economic Cooperation and Development has asked for clearer transfer pricing guidelines from the group to determine how intragroup payments should be priced and... (more story)
EU Carbon Tax Fallout Overestimated In India, Group Says
The cost of the European Union's carbon levy for India's steel industry may be lower than previously expected, as researchers have failed to account for the diverse nature of the sector, a climate think tank reported Tuesday.
HMRC Beats Abuse Liability Claim Over Homophobic Emails
A government employee cannot hold HMRC responsible for years of homophobic abuse despite its failure to strengthen safeguards against anonymous emails as a tribunal found that those shortcomings were unrelated... (more story)
The African Group wants simple majority voting for decisions by governments that ratify the proposed United Nations Framework Convention on International Tax Cooperation, a representative said Thursday.
Meta cannot force the IRS to agree to the truth of "selective quotes" from trial transcripts and other documents from a related case as the company currently fights a $16 billion tax bill, the U.S. Tax Court ruled Thursday.
Taiwanese-based Everlight Electronics will pay the U.S. government $5.15 million to resolve duty evasion allegations in a dispute brought under the False Claims Act, the U.S. Attorney's Office for the District... (more story)
The U.K.'s Labour government should change its plans for new cross-border tax reporting rules because the draft rules are overly complex for financial firms and the timeline is unrealistic, an industry group warned.
A business advisory group to the Organization for Economic Cooperation and Development has asked for clearer transfer pricing guidelines from the group to determine how intragroup payments should be priced and... (more story)
The cost of the European Union's carbon levy for India's steel industry may be lower than previously expected, as researchers have failed to account for the diverse nature of the sector, a climate think tank reported Tuesday.
A government employee cannot hold HMRC responsible for years of homophobic abuse despite its failure to strengthen safeguards against anonymous emails as a tribunal found that those shortcomings were unrelated... (more story)