US Coverage
Law360 | The Practice of Law
State Specific Coverage
Law360 Authority | Deep News & Analysis
4 Factors That May Decide Success Of IRS Easement Office
As practitioners scrambled to meet deadlines to settle clients' disputes over conservation easement tax deductions, the IRS made a surprise announcement this month that it would establish an office to solely focus on such cases. Here, Law360 looks at how four factors will affect whether the IRS achieves its stated plans for the office.
NH Justices Reject Hologic's Capital Loss Carryback
Hologic Inc., a medical technology company focused on women's health, cannot use a capital loss carryback by one member of a combined group to offset the gains of another group, the New Hampshire Supreme Court ruled, reversing a trial court.
Next Phase Of IEEPA Refund System 'Temporarily Delayed'
U.S. Customs and Border Protection has "temporarily delayed" the rollout of the next portion of its system for refunds of the struck-down global tariff regime while it makes sure the system doesn't incorrectly affect other paid duties, it told the U.S. Court of International Trade.
4 Factors That May Decide Success Of IRS Easement Office
As practitioners scrambled to meet deadlines to settle clients' disputes over conservation easement tax deductions, the IRS made a surprise announcement this month that it would establish an office to solely focus on such cases. Here, Law360 looks at how four factors will affect whether the IRS achieves its stated plans for the office.
NH Justices Reject Hologic's Capital Loss Carryback
Hologic Inc., a medical technology company focused on women's health, cannot use a capital loss carryback by one member of a combined group to offset the gains of another group, the New Hampshire Supreme Court ruled, reversing a trial court.
Next Phase Of IEEPA Refund System 'Temporarily Delayed'
U.S. Customs and Border Protection has "temporarily delayed" the rollout of the next portion of its system for refunds of the struck-down global tariff regime while it makes sure the system doesn't incorrectly affect other paid duties, it told the U.S. Court of International Trade.
Federal More
A New York federal judge on Thursday allowed an English national to avoid prison for facilitating a $60 million tax evasion scheme, after he admitted helping wealthy clients move money from a Swiss bank throug... (more story)
A New York federal judge has tossed an attorney's wage and hour and race discrimination suit against Oklahoma-based Arnold & Smith Law, finding that the Eastern District of New York was the wrong venue because... (more story)
A former chief of staff to ex-New York Mayor Eric Adams told a federal judge Tuesday that prosecutors' claims that a hotel owner secured a $6.8 million migrant housing contract by papering City Hall with bribe... (more story)
Publix is challenging the IRS' denial of a $2.6 million tax credit for research and development, claiming that the $38.3 million it spent developing software and private-label products should qualify, accordin... (more story)
Federal prosecutors told the Fourth Circuit on Tuesday to keep convicted Supreme Court attorney Thomas Goldstein behind bars while he appeals his conviction, arguing that he remains a serious flight risk with ... (more story)
An Oregon businessman who withheld employment taxes from employees' pay but did not pay the taxes to the IRS was sentenced to 42 months in prison for tax evasion and other crimes and ordered to pay nearly $1.2... (more story)
The U.S. Department of Justice said Tuesday that Deloitte will pay $21.5 million to resolve allegations that its diversity, equity and inclusion policies discriminated against workers because of their race and... (more story)
State & Local More
Coffee Seller's Tax Suit Counterclaims Belong In Calif.
The founder of a California coffee equipment manufacturer asked a Colorado state court judge Monday to dismiss the bulk of counterclaims from the founder of a Colorado coffee equipment provider who allegedly h... (more story)
Texas Appeals Court Says Co.'s Gear Correct On Tax Rolls
A Texas appeals panel ruled Wednesday that a company's natural gas compressors leased in Frio County were correctly listed on that locality's tax rolls despite the company's claims that the equipment was asses... (more story)
Mastercard Says Pa. Sourcing Reg Would Subvert Uniformity
A proposed regulation from the Pennsylvania Department of Revenue would create a lack of uniformity between credit card companies and others regarding the sourcing of receipts, Mastercard told the department i... (more story)
OptumRx Seeks Quick Win In Apportionment Fight With Fla.
Florida's tax agency incorrectly excluded rebates for drugmakers from the sales factor of OptumRx, and the company's pharmacy benefit management services can't be sourced to Florida because they took place els... (more story)
Childcare Center Late To Claim Tax Break, Minn. Justices Told
A Minnesota childcare center failed to meet the statutory deadline for seeking a property tax exemption and was not entitled to judicial review of the tax break's denial, a county told the state Supreme Court,... (more story)
NJ Medicaid Fee Law Barred By ERISA, Trade Groups Argue
A coalition of restaurant, retail and hotel industry groups has urged a New Jersey federal court to strike down a state law requiring businesses to pay a fine when their employees are enrolled in the state Med... (more story)
Taxation With Representation: Fenwick, Hengeler Mueller
In this week's Taxation With Representation, Santander SA completes its acquisition of U.S. regional lender Webster Financial Corp., financial services company Stripe buys artificial intelligence routing platf... (more story)
The founder of a California coffee equipment manufacturer asked a Colorado state court judge Monday to dismiss the bulk of counterclaims from the founder of a Colorado coffee equipment provider who allegedly h... (more story)
A Texas appeals panel ruled Wednesday that a company's natural gas compressors leased in Frio County were correctly listed on that locality's tax rolls despite the company's claims that the equipment was asses... (more story)
A proposed regulation from the Pennsylvania Department of Revenue would create a lack of uniformity between credit card companies and others regarding the sourcing of receipts, Mastercard told the department i... (more story)
Florida's tax agency incorrectly excluded rebates for drugmakers from the sales factor of OptumRx, and the company's pharmacy benefit management services can't be sourced to Florida because they took place els... (more story)
A Minnesota childcare center failed to meet the statutory deadline for seeking a property tax exemption and was not entitled to judicial review of the tax break's denial, a county told the state Supreme Court,... (more story)
A coalition of restaurant, retail and hotel industry groups has urged a New Jersey federal court to strike down a state law requiring businesses to pay a fine when their employees are enrolled in the state Med... (more story)
In this week's Taxation With Representation, Santander SA completes its acquisition of U.S. regional lender Webster Financial Corp., financial services company Stripe buys artificial intelligence routing platf... (more story)
International More
States Push EU Budget Cuts As Spending, Tax Talks Ramp Up
Six European Union countries called Thursday for the bloc's long-term budget draft to be cut by several hundred billion euros from the €2 trillion ($2.33 trillion) proposed by the European Commission.
EPPO Orders Arrests In €20M AirPods VAT Fraud Scheme
The European Public Prosecutor's Office said Wednesday that five people have been arrested in Czechia on suspicion of being part of a €20 million ($23.3 million) value-added tax fraud ring involving Apple AirP... (more story)
Albania Looks To Toss Judgment Enforcing $13M Award
Albania's state-owned oil company is urging a D.C. federal court to dismiss a default judgment enforcing a roughly $13 million arbitral award now owed to litigation funder Omni Bridgeway, saying the judgment w... (more story)
Romania Transfer Pricing Dispute Sent To Top EU Court
A Romanian court of appeal has asked the European Court of Justice to determine whether a national law requiring tax authorities to adjust transfer prices to the median value used by similar independent compan... (more story)
France May Extend Biz Tax To Relieve Economy, Minister Says
France's tax on large companies, originally intended as a temporary measure, could be extended into 2027 to ease economic pressures, the country's finance minister said.
Director Behind £19M Fraud Hit With Forgery Contempt Claims
The liquidators of a payroll services business persuaded a court on Tuesday to allow them to bring fresh contempt allegations against the company's former director, who allegedly used a forged medical report i... (more story)
Microsoft Says Consumer Must Arbitrate Tariff Refund Claims
Microsoft urged a Washington federal judge Friday to force arbitration of an Xbox buyer's proposed class action alleging the company seeks to pocket tariff refunds meant for customers — or toss the case entire... (more story)
Six European Union countries called Thursday for the bloc's long-term budget draft to be cut by several hundred billion euros from the €2 trillion ($2.33 trillion) proposed by the European Commission.
The European Public Prosecutor's Office said Wednesday that five people have been arrested in Czechia on suspicion of being part of a €20 million ($23.3 million) value-added tax fraud ring involving Apple AirP... (more story)
Albania's state-owned oil company is urging a D.C. federal court to dismiss a default judgment enforcing a roughly $13 million arbitral award now owed to litigation funder Omni Bridgeway, saying the judgment w... (more story)
A Romanian court of appeal has asked the European Court of Justice to determine whether a national law requiring tax authorities to adjust transfer prices to the median value used by similar independent compan... (more story)
France's tax on large companies, originally intended as a temporary measure, could be extended into 2027 to ease economic pressures, the country's finance minister said.
The liquidators of a payroll services business persuaded a court on Tuesday to allow them to bring fresh contempt allegations against the company's former director, who allegedly used a forged medical report i... (more story)
Microsoft urged a Washington federal judge Friday to force arbitration of an Xbox buyer's proposed class action alleging the company seeks to pocket tariff refunds meant for customers — or toss the case entire... (more story)