Tax Law360 provides breaking news and analysis on federal, state, and international tax law, with a focus on business enterprises. Coverage includes high-stakes litigation, government enforcement actions, and auditing issues, as well as related policy developments.
A Chicago attorney said Wednesday that Apple's challenge to the city's streaming tax isn't ripe because Chicago hasn't affirmatively stated the tax applies to some of Apple's services, while the company's counsel said the ordinance imposes the tax on them.
The government sent out an additional 1.1 million stimulus payments last week, but some low-income taxpayers won't receive them because of Congress' failure to keep the money from going to private debt collectors instead.
A Missouri federal court Tuesday dismissed the state's bid to bar the federal government from enforcing a prohibition against using federal coronavirus aid to offset tax cuts, finding Missouri lacks standing and the case isn't ripe for review.
U.S. taxpayers could hold as much as $2 trillion in assets in low-tax haven jurisdictions, a top research and analytics officer at the Internal Revenue Service said Tuesday during a Senate hearing.
Lawyers for Ireland, Luxembourg and Fiat laid into the European Union's General Court for its September 2019 ruling against Luxembourg and the carmaker, saying the court used the wrong legal basis to find Fiat received illegal state aid.