Tax Pact Group Backs Remote Seller Settlement Plan
A Streamlined Sales Tax Governing Board committee backed a proposal Tuesday that would allow unregistered remote sellers to settle their back sales and use tax liabilities and comply with tax obligations going forward.
Expat To Push 11th Circ. For Trial Over $20M FBAR Fines
An expatriate U.S.-German citizen is appealing a Florida federal court's rejection of his attempt to set aside an approximately $20 million judgment against him for failing to file reports of foreign bank accounts, an outcome he said violated his rights to a jury trial.
Property Sales Cluster Below £2M As Mansion Tax Looms
Some 18 months before England's mansion tax comes into force, sales of homes just above the levy's £2 million ($2.6 million) threshold are falling, while deals below it are rising, a phenomenon known as bunching that may become more pronounced as the deadline approaches, experts told Law360.
Tax Pact Group Backs Remote Seller Settlement Plan
A Streamlined Sales Tax Governing Board committee backed a proposal Tuesday that would allow unregistered remote sellers to settle their back sales and use tax liabilities and comply with tax obligations going forward.
Expat To Push 11th Circ. For Trial Over $20M FBAR Fines
An expatriate U.S.-German citizen is appealing a Florida federal court's rejection of his attempt to set aside an approximately $20 million judgment against him for failing to file reports of foreign bank accounts, an outcome he said violated his rights to a jury trial.
Property Sales Cluster Below £2M As Mansion Tax Looms
Some 18 months before England's mansion tax comes into force, sales of homes just above the levy's £2 million ($2.6 million) threshold are falling, while deals below it are rising, a phenomenon known as bunching that may become more pronounced as the deadline approaches, experts told Law360.
Federal More
As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying eth... (more story)
Boston Financial has closed its latest low-income housing tax credit fund at $191 million, with plans to funnel the capital toward 16 affordable housing communities in 12 states, the firm announced Wednesday.
Rules proposed Wednesday by the Internal Revenue Service would bar many immigrants from claiming the refundable tax credit for health insurance purchased through an exchange and impose new verification require... (more story)
A soon-to-be 70-year-old former strip club boss accused of hiding $3 million from the IRS was sentenced to a below-guidelines prison term of 16 months on Tuesday, after the mother of his 3-year-old child asked... (more story)
H&R Block's subsidiaries told a California federal judge on Friday that Liberty Mutual must pay over $6 million in costs they incurred defending themselves in an underlying suit filed by rival Intuit, which ac... (more story)
An energy company accused of selling fraudulent tax shelters marketed as tribal tax credits retaliated against an IRS employee after she flagged the company's promotion of the credits, engaging in a defamatory... (more story)
Nelson Mullins Riley & Scarborough LLP has hired a new partner from Berger Singerman to bolster its international tax, estate planning and private wealth capabilities in Miami.
State & Local More
NYC Fights To Avoid Restarting 2nd-Home Tax Rollout
New York City asked a state appeals court to reverse a decision finding it must restart the rollout of its tax on high-value second homes, saying a group of property owners' complaints weren't fit for court review.
CEO Says Ex-NJ AG Not Immune In Failed RICO Case Suit
The CEO of an affordable housing developer indicted in a now-dismissed racketeering case against South Jersey power broker George Norcross has pushed back against former New Jersey Attorney General Matthew Pla... (more story)
Airline's Win 'Destabilizes' Franchise Tax, Texas Justices Told
The Texas Supreme Court must review a lower court's holding that the state wrongly assessed franchise tax on American Airline's baggage fee revenue, the state's comptroller said, asserting that the test used b... (more story)
Taxation With Representation: Osler, Debevoise, Skadden
In this week's Taxation With Representation, Emera and ATCO announce a merger to create a Canadian utility and energy infrastructure powerhouse, French technology giant Schneider Electric buys industrial softw... (more story)
Ropes & Gray Welcomes Tax Partner In NY From Akin
Ropes & Gray LLP said this week that it added a tax partner from Akin Gump Strauss Hauer & Feld LLP to its New York office.
Coinbase Tells 2nd Circ. Only CFTC Oversees Event Contracts
Event contracts that Coinbase offers, including sports event contracts, are swaps over which the Commodity Futures Trading Commission has "exclusive" jurisdiction, the company has urged the Second Circuit to r... (more story)
DOT Tells 2nd Circ. Congestion Pricing Fight In Wrong Court
The Trump administration doubled down on its efforts to eliminate New York's congestion pricing, telling the Second Circuit that the underlying contract dispute was heard in the wrong court and that it shouldn... (more story)
New York City asked a state appeals court to reverse a decision finding it must restart the rollout of its tax on high-value second homes, saying a group of property owners' complaints weren't fit for court review.
The CEO of an affordable housing developer indicted in a now-dismissed racketeering case against South Jersey power broker George Norcross has pushed back against former New Jersey Attorney General Matthew Pla... (more story)
The Texas Supreme Court must review a lower court's holding that the state wrongly assessed franchise tax on American Airline's baggage fee revenue, the state's comptroller said, asserting that the test used b... (more story)
In this week's Taxation With Representation, Emera and ATCO announce a merger to create a Canadian utility and energy infrastructure powerhouse, French technology giant Schneider Electric buys industrial softw... (more story)
Ropes & Gray LLP said this week that it added a tax partner from Akin Gump Strauss Hauer & Feld LLP to its New York office.
Event contracts that Coinbase offers, including sports event contracts, are swaps over which the Commodity Futures Trading Commission has "exclusive" jurisdiction, the company has urged the Second Circuit to r... (more story)
The Trump administration doubled down on its efforts to eliminate New York's congestion pricing, telling the Second Circuit that the underlying contract dispute was heard in the wrong court and that it shouldn... (more story)
International More
HMRC Details Soccer Tax Work Amid Man City Findings
The U.K. tax authority outlined its soccer compliance work to a parliamentary committee in a letter released Wednesday, but it remained silent on the findings of an independent soccer commission that Mancheste... (more story)
Raising Capital Gains Tax A Risky Move, Ex-Labour Aide Says
The U.K.'s Labour government should be wary of raising capital gains tax rates in its autumn budget given the risks for businesses and investment, a former adviser to Prime Minister Andy Burnham told a parliam... (more story)
Draft EU Tax Data Bill Leaves More Room For Rule Overlap
A new draft of a European Union bill on tax data exchanges seen Wednesday by Law360 removes a previously proposed ban on member states introducing or maintaining domestic data obligations that substantially du... (more story)
Trade Court Backs Commerce On Solar Module Duty Scope
The U.S. Department of Commerce properly determined an importer's solar-powered charging modules should be subject to countervailing and antidumping duties on Chinese solar cell products, according to an opini... (more story)
Deloitte Accused Of Helping Hide Abramovich's £508M Assets
Deloitte Cyprus helped falsify documents to conceal Russian billionaire Roman Abramovich's assets worth £508 million (£671 million), allegedly allowing him to evade a huge tax bill, according to the findings o... (more story)
EU Budget Draft Keeps Business Tax, Tweaks Carbon Levies
A new draft of the European Union's long-term budget has retained a proposed business tax amid speculation that the European Commission, the EU executive, could be planning a fresh push to pass the controversi... (more story)
Gov't Can't Raise New Line In $16M Tax Suit, Founder Says
The government cannot use a postargument letter to introduce a new argument in a dispute with the founder of Buy.com over his nearly $16 million tax bill, he told the Tenth Circuit.
The U.K. tax authority outlined its soccer compliance work to a parliamentary committee in a letter released Wednesday, but it remained silent on the findings of an independent soccer commission that Mancheste... (more story)
The U.K.'s Labour government should be wary of raising capital gains tax rates in its autumn budget given the risks for businesses and investment, a former adviser to Prime Minister Andy Burnham told a parliam... (more story)
A new draft of a European Union bill on tax data exchanges seen Wednesday by Law360 removes a previously proposed ban on member states introducing or maintaining domestic data obligations that substantially du... (more story)
The U.S. Department of Commerce properly determined an importer's solar-powered charging modules should be subject to countervailing and antidumping duties on Chinese solar cell products, according to an opini... (more story)
Deloitte Cyprus helped falsify documents to conceal Russian billionaire Roman Abramovich's assets worth £508 million (£671 million), allegedly allowing him to evade a huge tax bill, according to the findings o... (more story)
A new draft of the European Union's long-term budget has retained a proposed business tax amid speculation that the European Commission, the EU executive, could be planning a fresh push to pass the controversi... (more story)
The government cannot use a postargument letter to introduce a new argument in a dispute with the founder of Buy.com over his nearly $16 million tax bill, he told the Tenth Circuit.