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Nations Concerned By Nexus For Service Fees In UN Tax Pact
Some nations expressed concern that overlapping claims to source-taxation rights could arise under the nexus rules within the United Nations framework tax convention's draft protocol on cross-border services, according to negotiations Tuesday.
NYC Keeps 2nd Home Tax On Target After Court Halts Rollout
New York City moved to halt a judge's ruling that temporarily paused the rollout of its tax on high-value second homes, preserving the tax's implementation and current deadline for individuals to challenge the city's initial determinations about which properties may be subject to the levy.
Nations Want Optionality In UN Tax Pact's Services Protocol
Some nations want the ability to pick and choose whether to apply various elements of a protocol on the taxation of cross-border services from the United Nations framework convention on international tax cooperation, according to discussions Monday.
Nations Concerned By Nexus For Service Fees In UN Tax Pact
Some nations expressed concern that overlapping claims to source-taxation rights could arise under the nexus rules within the United Nations framework tax convention's draft protocol on cross-border services, according to negotiations Tuesday.
NYC Keeps 2nd Home Tax On Target After Court Halts Rollout
New York City moved to halt a judge's ruling that temporarily paused the rollout of its tax on high-value second homes, preserving the tax's implementation and current deadline for individuals to challenge the city's initial determinations about which properties may be subject to the levy.
Nations Want Optionality In UN Tax Pact's Services Protocol
Some nations want the ability to pick and choose whether to apply various elements of a protocol on the taxation of cross-border services from the United Nations framework convention on international tax cooperation, according to discussions Monday.
Federal More
Nations want artificial intelligence covered in a protocol on cross-border services under the United Nations framework convention on international tax cooperation, according to negotiations.
The U.S. Department of the Treasury's financial crimes unit on Tuesday issued a final rule permanently narrowing reporting regulations under the Corporate Transparency Act, enshrining a regulatory rollback tha... (more story)
Thomas Goldstein has unveiled an experienced lineup of appellate lawyers he'll turn to in his bid to overturn 12 tax and mortgage fraud convictions, featuring several attorneys with extensive U.S. Supreme Court experience.
A Domino's Pizza franchisee and the federal government have mostly agreed in principle on a deal to settle the franchisee's suit alleging the IRS owes it $1.6 million in tax refunds for penalties related to fa... (more story)
Kirkland & Ellis LLP's William Dong has served as lead tax counsel on several multibillion-dollar deals spanning industries, including a $4.75 billion sale of a data center and energy infrastructure developer ... (more story)
The Campbell's Co. is the latest business to be hit with a proposed class action from consumers seeking to be reimbursed for the inflated costs the food company charged in response to President Donald Trump's ... (more story)
A Georgia partnership asked the U.S. Tax Court to reverse an IRS adjustment that disallowed a roughly $55 million deduction for its donation of a conservation easement, contending the agency's "arbitrary" deni... (more story)
State & Local More
Calif. Justices Rule Oil Co. Can Seek Refund In Court
California cities cannot require businesses to pursue additional local administrative remedies before seeking tax refunds in court, the state's highest court said, rejecting a procedural defense raised in Mara... (more story)
Professor Asks NY High Court To Hear Remote Work Tax Fight
A professor asked New York's highest court to hear his challenge to the state's tax on remote work that he conducted from his home in Connecticut, arguing New York's policy violated the U.S. Constitution's due... (more story)
Rising Star: Latham's Christine Mainguy
Christine Mainguy of Latham & Watkins LLP led sports live-streaming television service Fubo TV's tax team in its acquisition by Disney and advised Skechers on tax matters in its $9.4 billion private acquisitio... (more story)
NYC Homeowners Say City Flubbed 2nd Home Tax Launch
A trio of New York City homeowners sued over the city's implementation of the "pied-à-terre" tax on certain second NYC homes, claiming the city shouldn't have made their names and addresses public, and also wr... (more story)
Wash. AG's 'Neutral' Income Tax Repeal Description Can Stand
Washington's descriptions of a November ballot measure that would repeal a recently passed income tax on individual earnings over $1 million will remain largely unchanged despite pushback from activists, accor... (more story)
Judge Pans Atty's Effort To Sink Partnership's Tax Scam Suit
A precious metals partnership and its members should be allowed to pursue their suit alleging an attorney and others conspired to bilk them out of $12 million while advocating an unlawful tax strategy, a Color... (more story)
Slapping Back When A State Tax Overreaches: SALT In Review
From Apple's big win against a Nebraska tax assessment to a constitutional matter in Oregon, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
California cities cannot require businesses to pursue additional local administrative remedies before seeking tax refunds in court, the state's highest court said, rejecting a procedural defense raised in Mara... (more story)
A professor asked New York's highest court to hear his challenge to the state's tax on remote work that he conducted from his home in Connecticut, arguing New York's policy violated the U.S. Constitution's due... (more story)
Christine Mainguy of Latham & Watkins LLP led sports live-streaming television service Fubo TV's tax team in its acquisition by Disney and advised Skechers on tax matters in its $9.4 billion private acquisitio... (more story)
A trio of New York City homeowners sued over the city's implementation of the "pied-à-terre" tax on certain second NYC homes, claiming the city shouldn't have made their names and addresses public, and also wr... (more story)
Washington's descriptions of a November ballot measure that would repeal a recently passed income tax on individual earnings over $1 million will remain largely unchanged despite pushback from activists, accor... (more story)
A precious metals partnership and its members should be allowed to pursue their suit alleging an attorney and others conspired to bilk them out of $12 million while advocating an unlawful tax strategy, a Color... (more story)
From Apple's big win against a Nebraska tax assessment to a constitutional matter in Oregon, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
International More
Fed. Circ. Says Brick Duty Lacks Definition, Offers Alternative
The U.S. Court of International Trade properly found that duty orders on certain heat-resistant bricks lack specific chemical makeup parameters, offering a broad exclusion for one type of brick that may be bet... (more story)
Handling Section 301 Tariffs When CBP Detains Goods
Importers subject to Section 301 tariffs on goods under a U.S. Customs and Border Protection forced labor hold should consider three approaches when deciding whether to pay tariffs on goods that may ultimately... (more story)
2 Suspects In €33M VAT Fraud Put Under House Arrest In Italy
Two people suspected of conducting a €33 million ($38 million) value-added tax fraud in Italy by importing clothes from China have been placed under house arrest, European Union prosecutors said Monday.
Senate Clears Russia Sanctions Bill With New Tariff Authority
The U.S. Senate approved legislation Friday that would enhance President Donald Trump's economic tools to pressure Russia, including new tariff authorities that raised concerns for Democratic lawmakers.
Nations Defend UN Tax Pact Requiring Treaty Renegotiations
The idea of creating an obligation to renegotiate tax treaties so they align with the United Nations framework convention on international tax cooperation is receiving support among some member states, accordi... (more story)
Taxation With Representation: Slaughter And May, Covington
In this week's Taxation With Representation, U.K. real estate investment trust Segro's board agrees to a share offer from U.S. rival Prologis with a partial cash alternative, Curium acquires fellow radiopharma... (more story)
Tax Uncertainty Caused UK Stock Selloff, Report Says
Uncertainty over the future of U.K. tax policy under Prime Minister Andy Burnham has driven a stock selloff, global funds network Calastone said in a report.
The U.S. Court of International Trade properly found that duty orders on certain heat-resistant bricks lack specific chemical makeup parameters, offering a broad exclusion for one type of brick that may be bet... (more story)
Importers subject to Section 301 tariffs on goods under a U.S. Customs and Border Protection forced labor hold should consider three approaches when deciding whether to pay tariffs on goods that may ultimately... (more story)
Two people suspected of conducting a €33 million ($38 million) value-added tax fraud in Italy by importing clothes from China have been placed under house arrest, European Union prosecutors said Monday.
The U.S. Senate approved legislation Friday that would enhance President Donald Trump's economic tools to pressure Russia, including new tariff authorities that raised concerns for Democratic lawmakers.
The idea of creating an obligation to renegotiate tax treaties so they align with the United Nations framework convention on international tax cooperation is receiving support among some member states, accordi... (more story)
In this week's Taxation With Representation, U.K. real estate investment trust Segro's board agrees to a share offer from U.S. rival Prologis with a partial cash alternative, Curium acquires fellow radiopharma... (more story)
Uncertainty over the future of U.K. tax policy under Prime Minister Andy Burnham has driven a stock selloff, global funds network Calastone said in a report.