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Md. Digital Tax Defeat Spells Trouble For Other States' Levies
The Maryland Tax Court's ruling Friday that found the state's first-in-the-nation digital advertising tax unconstitutional and barred by federal law may signal that similar state taxes on online advertising services are on shaky ground.
IRS Expands Carbon Capture Tax Credit's Safe Harbor
A safe harbor for the carbon sequestration tax credit's reporting requirements will apply to a method that uses carbon oxide used as a tertiary injectant in qualified oil and gas extraction projects, the IRS announced Friday, expanding earlier guidance for the incentive.
China's Tax Changes Leave Rich Rethinking Wealth Planning
Changes to China's tax treatment of offshore trusts and a wider compliance cleanup have prompted wealthy investors to rethink strategies designed to lower their tax burdens, experts say.
Md. Digital Tax Defeat Spells Trouble For Other States' Levies
The Maryland Tax Court's ruling Friday that found the state's first-in-the-nation digital advertising tax unconstitutional and barred by federal law may signal that similar state taxes on online advertising services are on shaky ground.
IRS Expands Carbon Capture Tax Credit's Safe Harbor
A safe harbor for the carbon sequestration tax credit's reporting requirements will apply to a method that uses carbon oxide used as a tertiary injectant in qualified oil and gas extraction projects, the IRS announced Friday, expanding earlier guidance for the incentive.
China's Tax Changes Leave Rich Rethinking Wealth Planning
Changes to China's tax treatment of offshore trusts and a wider compliance cleanup have prompted wealthy investors to rethink strategies designed to lower their tax burdens, experts say.
Federal More
The case over Meta Platforms' 2017-2019 tax years is not identical to the one brought by its predecessor, Facebook, the IRS said in responding to Meta's claim that the government is seeking to relitigate the e... (more story)
An Eleventh Circuit panel grappled Friday with valuation questions regarding a Georgia conservation easement, including whether the U.S. Tax Court erred in rejecting the IRS' determination while still using th... (more story)
Baker McKenzie partner Cameron Reilly helped secure a key tax court ruling for FedEx Corp. to invalidate regulations on mandatory repatriation under the 2017 federal tax changes, and was a lead attorney in Fac... (more story)
In this week's Taxation With Representation, GO Residential Real Estate Investment Trust and a consortium of buyers acquire H&R Real Estate Investment Trust, insurance exchange Accelerant goes private in a dea... (more story)
The mayor of Lawrence, Massachusetts, faces federal charges for allegedly obtaining more than $1.5 million in COVID-19 small business loans and using the money to fund his campaign coffers, pay his taxes, and ... (more story)
A split Eleventh Circuit panel affirmed a decision to slash three Georgia landowners' conservation easement value from $18 million to $1 million Thursday, saying the U.S. Tax Court didn't need to determine the... (more story)
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)
State & Local More
Colo. Taxpayer Says $490M Court Project Violates TABOR
A Colorado county's decision to build a half-billion-dollar judicial center required voter approval under the state's Taxpayer's Bill of Rights, a county council member said in a suit, attempting to halt the project.
Chicago Auto Lease Tax Is Unconstitutional, Suit Says
A Chicago tax applied monthly to leased vehicles violates the state's constitution, a taxpayer told a state court, arguing the levy flouts the uniformity clause.
Rising Star: Covington's Brian Harris
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)
Going To Hardcore Shows Makes Me A Better Lawyer
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.
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)
Rising Star: Cleary's Kylie Barza
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)
A Colorado county's decision to build a half-billion-dollar judicial center required voter approval under the state's Taxpayer's Bill of Rights, a county council member said in a suit, attempting to halt the project.
A Chicago tax applied monthly to leased vehicles violates the state's constitution, a taxpayer told a state court, arguing the levy flouts the uniformity clause.
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.
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)
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)
International More
Taxable Pension Withdrawals By Under-65s Reach £76B
Britons under 65 have taken £75.5 billion ($102 billion) in taxable income from their pensions in just over a decade, an insurance technology company has said.
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)
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)
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)
Britons under 65 have taken £75.5 billion ($102 billion) in taxable income from their pensions in just over a decade, an insurance technology company has said.
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)
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)
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)