Featured Stories

Can New Pensions Minister 'Serve Two Masters'?

A new British pensions minister with a foot in two competing government departments could help create a more coher... (more story)

Cannabis Industry Stakeholders Weigh In On Rescheduling

As the period for public comment on the Biden administration's proposal to reclassify marijuana came to a close Mo... (more story)

Hungary's EU Leadership Could Slow Tax Progress

Hungary's six-month term leading meetings of European Union ministers could hinder progress toward agreement on ta... (more story)

Federal More

NC Man Gets Prison, $4.4M Fine For Stealing From Customers

A North Carolina businessman who admitted to stealing customers' bank and credit account information and spending their funds at casinos has been ordered to serve almost three years in prison and to pay a pena... (more story)

Atty Can't Deduct Car Racing Costs As Ads, US Tells 10th Circ.

A personal injury lawyer who also races cars shouldn't be allowed to deduct about $300,000 for racing-related costs as ordinary business advertising expenses because they're unrelated to his law practice, the ... (more story)

IRS' $15M Jeopardy Assessment OK'd In Offshore Tax Fight

A Florida federal court has upheld a $15 million immediate tax assessment against a man who transferred his father's estate into trusts for himself and his mother and refused to pay what the IRS claimed was ta... (more story)

Affordable Housing Pro Moves Practice To Nelson Mullins

An attorney who specializes in advising clients on completing affordable housing development projects has recently moved her practice to Nelson Mullins Riley & Scarborough's Pittsburgh office.

Dentons Brings On Former Big 4 Exec As New Global CEO

Global law firm Dentons, which has made a name for itself by aggressive growth through combinations, has tapped a new global chief executive officer with leadership experience at accounting giant EY, the firm'... (more story)

House Delays Vote On FY25 IRS Budget Legislation

The House delayed an expected vote Tuesday on the Internal Revenue Service's budget for fiscal 2025, casting doubt on whether GOP lawmakers will meet their goal of passing the funding bill before Congress' ann... (more story)

Newell Says IRS Misapplied Pricing Law In $124M Dispute

Newell Brands told the U.S. Tax Court the Internal Revenue Service misapplied transfer pricing law to levy almost $124 million in additional taxes and penalties.

State & Local More

Pfizer's Fuel Cells Can't Be Taxed, Conn. Justices Rule

A fuel cell module that powers Pfizer Inc.'s research campus in Groton, Connecticut, is not subject to personal property taxes, the state's high court ruled Wednesday, upholding a lower court decision that all... (more story)

Kentucky Tax Talk: Appeals Court Revisits Leases' Tax Effects

With better facts and greater emphasis on the Kentucky Constitution, Walgreen Co. may succeed in its latest Kentucky Court of Appeals challenge to a tax assessor's method of valuing leaseholds on real property... (more story)

Book Publisher Settles Gross Receipts Tax Dispute With Ohio

Chicken Soup for the Soul Publishing LLC settled its appeal of a nearly $143,000 Ohio commercial activity tax assessment, ending a case in which it alleged that a federal law that limits state taxes on net inc... (more story)

Nationwide Urges Mich. Court To Stand By Unitary Biz Ruling

The Michigan Court of Appeals properly ruled that insurance companies that are part of Nationwide should file their taxes as a unitary group, the company told the appeals court, saying the state Treasury Depar... (more story)

JetBlue Says Fla. Illegally Taxes Miles Flown Outside State

A Florida law that defines what counts as miles flown inside Florida for tax purposes unconstitutionally encompasses territory outside the state's boundaries, JetBlue told a state court.

Neb. Gov. Sets Guardrails On Proposed Sales Tax Expansion

Nebraska's governor said his plan to broaden the state's sales tax regime to pay for property tax relief won't tax agricultural items, manufacturing materials, food or services or items exempt in surrounding states.

Tax Foreclosure Kickback Suit Too Late, Mich. County Says

A Wayne County, Michigan, treasurer has argued in Michigan federal court that a putative class action accusing the county and other parties of engaging in a tax foreclosure and kickbacks scheme is time-barred.

Ariz. Justices OK Use Of Power Deal In Plant's Valuation

An Arizona power plant's income from a power purchase agreement may be considered in the income analysis of the valuation of the property, the state Supreme Court said, sending the matter back to the state tax court.

Winston & Strawn Adds MoFo Tax Pro As Partner In NY

Winston & Strawn LLP has added a transactional tax specialist from Morrison Foerster LLP as a partner with the firm's transactions department and tax practice in New York.

International More

Int'l Firm Garrigues Merges With Full-Service Mexican Firm

International legal and tax services firm Garrigues will create one of the largest law firms in Mexico by integrating a full-service Mexican firm into the group by the end of 2024, both firms announced.

HMRC Wins Battle Over Candy Maker's Holiday Fund Scheme

HM Revenue & Customs has convinced an appeals tribunal that a Scottish sweet maker must compensate its employees for salary deductions it put aside in "holiday funds," with the judge finding the scheme ran afo... (more story)

Phillips Lytle Private Wealth Pro Joins Gunster In Florida

Gunster has announced that the firm picked up an of counsel for its private wealth services team in West Palm Beach, Florida, from Phillips Lytle LLP, as well as three associate attorneys.

IRS Notice Signals Direction On Corp. AMT Regs, Official Says

An Internal Revenue Service notice regarding the U.S. corporate alternative minimum tax can be read as a signal about how the agency will more broadly address the measure's potential for counting offshore inco... (more story)

India Eyes End Of Digital Tax For E-Commerce, But Not Ads

Foreign e-commerce companies would be exempted from India's equalization levy, a 2% digital tax, but online advertisers would continue to pay a 6% rate on gross revenues sourced to Indian customers under a bud... (more story)

Lead Like 'Ted Lasso' By Embracing Cognitive Diversity

The Apple TV+ series “Ted Lasso” aptly illustrates how embracing cognitive diversity can be a winning strategy for teams, providing a useful lesson for law firms, which can benefit significantly from fresh, di... (more story)

Orrick Hires Ex-Winston & Strawn Tax Partner In Chicago

Orrick Herrington & Sutcliffe LLP announced the hiring of a former partner at Winston & Strawn LLP for its renewables tax equity and tax credit team.