Featured Stories

US Trade Position Seen Contradicting Stance In Pillar 1 Talks

The U.S. trade representative's withdrawal of support for digital trade proposals has caused tax policy observers ... (more story)

Latest Stock Buyback Tax Rules May Still Have Wide Reach

The U.S. Treasury Department recently floated regulations that narrow an earlier proposal aimed at preventing fore... (more story)

In Trump Staredown With NY Judge, 'Somebody Has To Blink'

Experts say Donald Trump will likely continue to ignore warnings from the court, and possibly his own attorneys, a... (more story)

Federal More

Gannett Can't Dodge Tax Firm's Defamation Case

Gannett Co. can't escape a defamation case accusing it of writing misleading articles saying Ryan LLC, a tax services and technology firm, engaged in shady business practices, a Texas appeals court ruled, find... (more story)

US Resisting More Scoping On Amount B, Economist Says

In negotiations over the streamlined transfer pricing approach for baseline marketing and distribution functions known as Amount B, the U.S. has resisted calls for additional scoping criteria that would exclud... (more story)

Sidley Liable For Ex-Partner's Tax Sheltering, Ga. Judge Told

Counsel for a family of business magnates who say they were duped into an illegal tax shelter scheme over 25 years ago by Sidley Austin urged a Georgia federal judge Friday to let their suit against the firm c... (more story)

Dems, GOP Favor Extending Pass-Through Break, Staff Says

Democrats and Republicans are both interested in extending the 2017 tax law's pass-through deduction, which expires at the end of 2025, though Democrats would like to limit its availability to upper-income ear... (more story)

Feds Can Introduce Prior Guilty Plea In Tax Fraud Case

Federal prosecutors can introduce a man's prior admissions of tax evasion in a trial over separate tax crime charges because it could show his willingness and knowledge to commit the crime, a Pennsylvania federal judge ruled.

HMRC Director Rejoins KPMG To Boost Tax Dispute Offering

A former deputy director at HM Revenue & Customs has returned to KPMG as director of KPMG Law's tax disputes teams, the firm has announced.

IRS Expects Updates To Hydrogen Credit Emissions Model

The Internal Revenue Service expects the U.S. Department of Energy to update a model used to determine eligibility for the new clean hydrogen production tax credit under recently proposed rules, an IRS attorney said Friday.

State & Local More

Ohio Justices Urged To Uphold Tax On Goods Held In State

Ohio's imposition of its gross receipts tax on a Kansas-based soap company's goods that were temporarily held in Ohio distribution centers before being shipped elsewhere passes constitutional muster, the state... (more story)

Time To Fix NYC's Broken Property Assessment System

A New York appellate court's decision to revive Tax Equity Now New York v. City of New York may force the city to revamp its outdated and unfair real estate tax assessment system, which could be fixed with a c... (more story)

Hawaii Legislature OKs Adjusting Tax Brackets For Inflation

Hawaii would adjust its income tax brackets and increase its standard deduction to account for inflation under a bill sent to the governor for approval.

Strange Notions Bubble Up: SALT In Review

From an assault on North Carolina's phaseout of its corporate income tax to a court ruling on the taxability of sparkling water in Pennsylvania, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

Colo. Senate Panel Clears Oil And Gas Fees

Colorado would create oil and gas production fees as part of a bill advanced by the Senate Finance Committee, but detractors said the fees would amount to a tax that would increase energy costs.

Taxation With Representation: Skadden, Wachtell, Davis Polk

In this week's Taxation With Representation, L'Occitane International said its executive director and chair is leading an offer to buy the company's shares he doesn't already own, UMB Financial agreed to purch... (more story)

Fiserv Presses Fla. Appeals Court To Revive Tax Sourcing Suit

A Florida appeals court should overturn a lower court's dismissal of a tax sourcing challenge from Fiserv entities for failure to pay the contested amounts because state precedent doesn't allow the jurisdictio... (more story)

Mass. Property Is Agricultural, Appellate Board Says

A 14-acre property should be classified as agricultural, as the owner proved the land's main use was farming, the Massachusetts Appellate Tax Board said in a ruling released Thursday.

Nixon Peabody Adds Two Community Finance Attys In DC

Nixon Peabody LLP has hired two partners, who will focus their practices on helping nonprofits and other clients understand and obtain tax credits for a range of community development projects, to its communit... (more story)

International More

Africa Seeks Early UN Reform On Transfer Pricing, Exchanges

Legally binding protocols that reform transfer pricing and exchange of information to the benefit of all countries where multinational corporations operate should be developed simultaneously with the U.N. fram... (more story)

Finland's Stance On Swiss Treaty Recalls Ended Portugal Deal

Finland's plan to renegotiate its tax treaty with Switzerland in response to concerns about pension tax avoidance has some observers worried that the country will cancel that accord as it did a treaty with Por... (more story)

IRS Can Assess Foreign Info Disclosure Penalty, DC Circ. Says

The D.C. Circuit on Friday overturned a major U.S. Tax Court ruling that had struck down the Internal Revenue Service's authority to assess and administratively collect penalties from taxpayers for failing to ... (more story)

Claimed Panama Papers Leaker Fights To Hide ID In €5M Suit

A person claiming to be the Panama Papers leaker told a federal court they would fear for their life if the court made them disclose their identity in a €5 million ($6.3 million) suit against Germany, protesti... (more story)

IRS To Boost Audit Rates By 50% On Wealthy, Werfel Says

The Internal Revenue Service plans to nearly triple audit rates on corporations with assets over $250 million and increase audit rates by more than 50% on wealthy taxpayers with more than $10 million in total ... (more story)

Don't Use The Same Template For Every Client Alert

As the old marketing adage goes, consistency is key, but law firm style guides need consistency that contemplates variety when it comes to client alert formats, allowing attorneys to tailor alerts to best fit ... (more story)

No Relief For Fla. Adviser Convicted In $80M Trading Scam

The Eleventh Circuit on Wednesday affirmed the conviction of a Florida investment adviser who bilked more than $80 million from the hundreds of people he persuaded to invest in a fraudulent company, after conc... (more story)