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Ohio Justices Reject Dollar Bank's Tax Discrimination Claim
Ohio's tax on financial institutions falls only on the portion of Dollar Bank's business in the state and does not result in double taxation or discrimination against interstate banks, the state's highest court said Thursday.
Treasury Floats Foreign Currency Rules To Fix Timing Issues
The U.S. Treasury Department proposed regulations Thursday that would smooth out timing wrinkles companies were facing when determining the taxable income of affiliates that conduct business in a foreign currency for 2025 returns.
Wisconsin Says Cruise Co. Isn't Shielded From State Tax
Lower courts correctly held that a Florida-based travel company has agents in Wisconsin selling travel services, an activity that exceeds Public Law 86-272's protections against state income taxes, Wisconsin's tax agency told the U.S. Supreme Court on Wednesday.
Ohio Justices Reject Dollar Bank's Tax Discrimination Claim
Ohio's tax on financial institutions falls only on the portion of Dollar Bank's business in the state and does not result in double taxation or discrimination against interstate banks, the state's highest court said Thursday.
Treasury Floats Foreign Currency Rules To Fix Timing Issues
The U.S. Treasury Department proposed regulations Thursday that would smooth out timing wrinkles companies were facing when determining the taxable income of affiliates that conduct business in a foreign currency for 2025 returns.
Wisconsin Says Cruise Co. Isn't Shielded From State Tax
Lower courts correctly held that a Florida-based travel company has agents in Wisconsin selling travel services, an activity that exceeds Public Law 86-272's protections against state income taxes, Wisconsin's tax agency told the U.S. Supreme Court on Wednesday.
Federal More
A Texas man pled guilty to conspiring to defraud the IRS by promoting and selling a fraudulent tax shelter in a scheme that resulted in a tax loss to the federal government of approximately $43 million, the U.... (more story)
A Fifth Circuit panel revised its ruling in a long-running feud over the self-employment tax exclusion for certain business partners, adjusting its interpretation of "limited partner" and narrowing its finding... (more story)
Brian Harris of Covington & Burling LLP represented companies from the world of biomedicine, retail and even sports after advising on the acquisition and relocation of the NHL's Arizona Coyotes in transactiona... (more story)
While government contracts law and the hardcore scene may seem entirely unrelated, in my experience, both are about community, focus, being prepared for the unexpected and managing chaos, says Isaac Natter at Fluet.
Tom Goldstein and the U.S. Department of Justice aired dramatically divergent views Wednesday of a looming financial penalty for his fraud convictions, with the famed appellate advocate voicing constitutional ... (more story)
Kylie Barza of Cleary Gottlieb Steen & Hamilton LLP has advised on several billion-dollar transactions, including Alphabet's $4.75 billion acquisition of Intersect Power, which closed in 2026, earning her a sp... (more story)
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)
State & Local More
Conn. Justices OK Tax Penalty For Failure To File Form
A Connecticut town didn't err when it assessed a tax penalty on a property owner that failed to file an income report requested by the town's assessor, even though the assessor had sent the form to an old addr... (more story)
NYC Appeal Can't Lift 2nd Home Tax Pause, Homeowners Say
New York City will be in contempt of court if it continues with the rollout of its tax on high-value second homes that a judge temporarily paused, an attorney for homeowners challenging the tax said, arguing t... (more story)
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)
Rising Star: Kirkland's William Dong
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)
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 take-private acqui... (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)
A Connecticut town didn't err when it assessed a tax penalty on a property owner that failed to file an income report requested by the town's assessor, even though the assessor had sent the form to an old addr... (more story)
New York City will be in contempt of court if it continues with the rollout of its tax on high-value second homes that a judge temporarily paused, an attorney for homeowners challenging the tax said, arguing t... (more story)
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)
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)
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 take-private acqui... (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)
International More
Africa Wants Precedence For UN Tax Pact's Dispute Protocol
The 54-member African Group wants the United Nations tax convention's dispute protocol to supersede substantially similar mechanisms already in force unless parties agree otherwise, according to negotiations held Thursday.
EU Rebuts US Claim That Carbon Levy Resembles Tariffs
The European Commission rejected a claim Thursday that the bloc's carbon import levy resembles tariffs imposed by the U.S. on steel and aluminum, responding to statements by the U.S. ambassador to the European Union.
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)
Campbell's Soup Targeted In Tariff Refund Suit Blitz
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)
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.
The 54-member African Group wants the United Nations tax convention's dispute protocol to supersede substantially similar mechanisms already in force unless parties agree otherwise, according to negotiations held Thursday.
The European Commission rejected a claim Thursday that the bloc's carbon import levy resembles tariffs imposed by the U.S. on steel and aluminum, responding to statements by the U.S. ambassador to the European Union.
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)
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)
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.