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Latest News in Tax

  • May 12, 2021

    Apple, Chicago Trade Jabs Over Streaming Tax Case Ripeness

    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.

  • May 12, 2021

    Congress' Inaction Keeps Poor From Getting Stimulus Money

    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. 

  • May 11, 2021

    Fed Court Tosses Mo.'s Bid To Block Virus Tax Cut Prohibition

    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.

  • May 11, 2021

    Taxpayers Hold $2T Abroad In Tax Havens, IRS Official Says

    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.

  • May 11, 2021

    Fiat State Aid Ruling Missed The Mark, Attys Tell EU Court

    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.

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