Featured Stories

States' Penny Guidance Trickling In Without Sales Tax Impacts

State guidance on rounding cash transactions to the nearest nickel amid the phaseout of pennies has thus far avoid... (more story)

Takeaways From US-India Interim Trade Deal

Trade tensions between the U.S. and India have cooled off after a deal to reduce U.S. tariffs was reached this mon... (more story)

Fuel Credit Regs Clear Clouds Over Middleman Sales

The U.S. Treasury Department's move to allow domestic clean fuel producers selling to intermediaries to qualify fo... (more story)

Federal More

AI-Generated Doc Ruling Guides Attys On Privilege Risks

A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-... (more story)

FedEx, Bausch, Other Cos. Join Race For Tariff Refunds

FedEx, Bausch & Lomb and L'Oreal are among the companies that raced to the U.S. Court of International Trade on Monday seeking full refunds of the trade duties they paid as a result of the 2025 tariffs that Pr... (more story)

No Substance Found To Homebuilders' $713M Tax Deduction

The IRS was correct to disallow over $713 million of a San Diego partnership's positive basis adjustment in 2012, the U.S. Tax Court held Monday, finding a series of complex transactions were carried out to av... (more story)

Senate Dems Aim To Require Refunds Of Illegal Trump Tariffs

Senate Democratic lawmakers introduced legislation Monday to require the federal government to issue refunds to importers for duties paid that were imposed by President Donald Trump under the International Eme... (more story)

US Customs Stops Collecting Tariffs Starting Tuesday

U.S. Customs and Border Protection will stop collecting the tariffs President Donald Trump illegally imposed under the International Emergency Economic Powers Act beginning at midnight Tuesday, according to gu... (more story)

$50M Tax Suit Against Plastics Heirs Is Timely, Court Told

The federal government did not miss the deadline for suing the heirs to a plastics company for more than $50 million in estate taxes, the U.S. Department of Justice told a Connecticut federal court Monday, arg... (more story)

The Law Firm Merger Diaries: Leadership Strategy After Day 1

For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleadin... (more story)

State & Local More

Oregon Senate OKs Holding Transportation Tax Vote Earlier

Oregon would hold a vote in May on a referendum for most of a $4.3 billion transportation funding package instead of November under legislation approved by the Senate.

NJ Statehouse Catch-Up: Family Leave, PFAS, Farmland Tax

In his final days as New Jersey governor, Phil Murphy was busy signing a slew of measures reforming existing legislation as well as bills aimed at breaking new ground.

NY Tells Appellate Court Professor's Remote Work Is Taxable

A New York professor was not required by his school to work remotely out of the state during the coronavirus pandemic, so his income is subject to tax by New York, the state commissioner of taxation told the s... (more story)

Calif.'s Civility Push Shows Why Professionalism Is Vital

The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up —... (more story)

Up Next At High Court: Cuban Seizures & Removal Deadlines

The U.S. Supreme Court will kick off its February oral argument session by hearing cases that could expand or limit the availability of damages for U.S. victims of property seized by the Cuban government and a... (more story)

Ore. House Panel OKs Federal Corp. Tax Decoupling Plan

Oregon would decouple from two federal corporate tax breaks and create a tax credit for job creation under legislation advanced by a state House of Representatives committee over the objections of panel Republicans.

Taxation With Representation: Freshfields, Simpson Thacher

In this week's Taxation With Representation, science and technology company Danaher Corp. acquires medical technology company Masimo Corp., Covetrus merges with a unit of fellow animal health technology compan... (more story)

International More

Canadian Investor Loses Tax Battle Over BVI Arrangement

A Canadian investor who redomiciled his holding company to the British Virgin Islands days before a profitable share sale bypassed anti-deferral rules through a tax scheme, Canada's Federal Court of Appeal sai... (more story)

UK Will Uphold Tariff Deal With US, Trade Secretary Says

The British government will honor its trade deal with the United States after the U.S. Supreme Court's ruling that President Donald Trump raised tariffs unlawfully, the U.K.'s trade secretary confirmed Monday.

'Freedom Tax' On Agenda As New Dutch Gov't Sworn In

Coalition leaders of the Netherlands' new government, who were sworn in Monday, say one item on their agenda will be the introduction of what they call a freedom tax to raise contributions from individuals and... (more story)

Full 8th Circ. Won't Revisit 3M's Win Against IRS

The full Eighth Circuit declined to rethink a panel's ruling that held the Internal Revenue Service lacked the statutory authority to allocate nearly $24 million in royalty payments that 3M Co. said it was blo... (more story)

UK's Tax Take Surges Ahead Of Spring Budget

The U.K. Labour government's budget surplus doubled to £30.4 billion ($41 billion) in January from a year prior on the back of continued growth in tax receipts in the first 10 months of fiscal year 2025-26, ac... (more story)

UK Insurance Tax Hits Record £872M In January

Insurers in the U.K. paid £7.70 billion ($10.4 billion) in tax in the first 10 months of the 2025-2026 British financial year, with a record £872 million collected in January alone, according to the latest government figures.

Coalition Asks Court To Back Probe Into IRS-ICE Data Sharing

More discovery is needed into the IRS' data-sharing agreement with Immigration and Customs Enforcement in light of the tax authority recently admitting to breaching its terms, a coalition challenging the agree... (more story)