Tax

  • September 26, 2022

    Swiss Voters Narrowly Reject Scrapping Bond Tax

    Swiss voters narrowly rejected eliminating the country's withholding tax on bond interest, voting down a proposal that was backed by business and the government but criticized by opponents as supporting the wealthy.

  • September 23, 2022

    6th Circ. Told FCC's Universal Service Fund Unconstitutional

    Free market advocates challenging the constitutionality of the Federal Communications Commission's fund for providing universal communication services have told the Sixth Circuit that the fees collected for the fund are among the "most regressive taxes in America." 

  • September 23, 2022

    Big Tech Wants DST Removed In US-Kenya Trade Deal

    The U.S. Trade Representative should seek commitments from Kenya's government to remove the country's digital services tax and not pursue unilateral measures during ongoing negotiations, a lobbying group representing companies such as Google, Amazon and Facebook said.

  • September 23, 2022

    IRS Can Seek Crypto Platform Users' Bank Docs

    The IRS can proceed with a summons on a New York bank seeking the account records of clients who've received services from cryptocurrency platform sFOX as the agency probes whether they've complied with their tax obligations, a federal judge ruled.

  • September 23, 2022

    Ark. Supreme Court OKs Pot Legalization Question

    Arkansans will get to decide whether to legalize recreational marijuana in the general election this November after the state Supreme Court on Thursday reversed state officials' decision not to certify the referendum.

  • September 23, 2022

    La. Store Chain Partners Escape Immigration And Tax Charges

    The founder of a New Orleans-based convenience store chain and his business partner escaped conviction on immigration and tax charges, with a Louisiana federal jury ultimately clearing all the partners' tax-related charges and reaching a deadlock on their harboring charge.

  • September 23, 2022

    AT&T, Verizon Tax Tiff With Mo. City Sent Back To State Court

    A federal judge sent a license tax dispute between Missouri's capital city and 21 telephone companies back to state court, rejecting arguments from AT&T, T-Mobile and Verizon entities that federal courts had jurisdiction over the litigation.

  • September 23, 2022

    MVP: Sullivan & Cromwell's Isaac Wheeler

    Isaac Wheeler of Sullivan & Cromwell LLP's tax practice led a team guiding AT&T to its $106.5 billion spinoff of WarnerMedia and merger with Discovery. He also advised Standard Industries Holdings on the tax aspects of its $7 billion acquisition of W. R. Grace & Co. and helped Goldman Sachs on the tax aspects of its $2.2 billion acquisition of fintech company GreenSky. These were just a few of the deals he worked on to earn a spot as one of Law360's 2022 Tax MVPs.

  • September 23, 2022

    Planned Corporate Tax Rise Scrapped In Revised UK Budget

    The U.K. will scrap a planned rise in corporate tax, the country's new Chancellor of the Exchequer said on Friday, as part of measures that he said will boost business investment and increase economic growth.

  • September 22, 2022

    Food Franchises Sue Gig Economy App Over 2020 Tax Credits

    Online gig economy platform ShiftPixy has been sued in California federal court by 16 fast-casual food franchise owners and operators that claim the all-in-one workforce manager owes them $2.3 million of employee retention credits for the 2020 tax year.

  • September 22, 2022

    11th Circ. Backs Ringleader's 15-Year Sentence In Tax Scheme

    The Eleventh Circuit on Thursday upheld the 15-year prison sentence of the ringleader in a $1 million tax scheme, saying that even though she received only a portion of the loot, she was responsible for the full amount.

  • September 22, 2022

    Trump Fraud Referrals Present Political Minefield For DOJ, IRS

    The New York attorney general's criminal referrals to the U.S. Department of Justice and the IRS stemming from her probe of former President Donald Trump will force prosecutors to walk a political tightrope, given Trump's accusations of bias and Republicans' animus toward the IRS.

  • September 22, 2022

    Tax Software Investor Asks Court To Block $8.4B Vista Deal

    An investor in tax software company Avalara asked a New York federal court Thursday to block the company's $8.4 billion merger with private equity fund Vista Equity Partners Management, accusing Avalara of failing to disclose pertinent financial details.

  • September 22, 2022

    Pa. Judge Strikes Down Pittsburgh's Nonresident 'Jock Tax'

    A Pennsylvania judge struck down Pittsburgh's fee on nonresident professional athletes, finding that it violates the state constitution's uniformity clause by imposing higher tax burdens on players who live outside the city than those who reside in it.

  • September 22, 2022

    MVP: Skadden's Nathan W. Giesselman

    Nathan W. Giesselman, tax partner at Skadden Arps Slate Meagher & Flom LLP, has worked on major deals, including a $30 billion joint venture where he represented Intel, earning him a spot among Law360's 2022 Tax MVPs.

  • September 22, 2022

    Holland & Knight Adds Partner To Public Finance Tax Practice

    Holland & Knight LLP said Wednesday it has strengthened its public finance practice with the addition of a former Hawkins Delafield & Wood LLP partner.

  • September 22, 2022

    Georgia Pastor Sentenced For COVID-19 Relief Fraud

    A Georgia man with several careers, including as a pastor and tax preparer, was sentenced on Tuesday to over two years in prison, after pleading guilty to making false statements to receive COVID-19 relief loans and buying a Mercedes with the money.

  • September 22, 2022

    States Can Reject Final Losses Under Tax Treaties, ECJ Says

    European Union law allows countries to refuse the deduction of final losses by a resident company incurred in another member state if taxing rights are waived under a double-tax treaty, the European Court of Justice ruled Thursday.

  • September 21, 2022

    Meet The Lawyers On Deck In NY V. Trump Biz Fraud Case

    The New York attorney general's blockbuster fraud suit against former President Donald Trump, three of his adult children and the Trump organization will pit some of the family's fiercest defenders against a team of seasoned prosecutors.

  • September 21, 2022

    Wireless Co. Challenges Wash. Tax On FCC Lifeline Program

    A wireless carrier pushed a Washington appellate panel Wednesday to find that the constitutional ban on states taxing federal entities prevents Washington from taxing money the carrier receives from a federal program to give free phone service to low-income households.

  • September 21, 2022

    Rhode Island Truck Tolls Struck Down As Discriminatory

    A Rhode Island federal judge on Wednesday blocked a first-of-its-kind state truck tolling program, saying it unconstitutionally interferes with interstate commerce and unfairly singled out large commercial truckers, in a blow to the state's efforts to shore up funding to replace hundreds of deficient bridges.

  • September 21, 2022

    Okla. High Court Says No Pot Legalization Vote In November

    The Oklahoma Supreme Court unanimously ruled Wednesday that voters would get a chance to decide whether to legalize adult-use marijuana — but it would not happen at the general election in November.

  • September 21, 2022

    Ariz. Gov. Asks 9th Circ. To Revive Suit Over COVID Funds

    Arizona Gov. Doug Ducey told the Ninth Circuit that the federal government went too far in restricting how the state could use pandemic relief funds, arguing a lower court misread the American Rescue Plan Act when tossing the governor's suit.

  • September 21, 2022

    NY AG Tells 2nd Circ. Trump Can't Revive Harassment Claim

    New York Attorney General Letitia James urged the Second Circuit to deny a bid by former President Donald Trump to challenge her investigation into his business dealings, arguing that Trump is trying to improperly revive his already rejected harassment claim.

  • September 21, 2022

    MVP: Quinn Emanuel's Liesl Fichardt

    Liesl Fichardt of Quinn Emanuel Urquhart & Sullivan LLP helped settle a $198 billion tax battle between Barrick Gold and the Tanzanian government, resolving a long-running dispute that created a template for business-government partnerships in the continent and earning her a spot among Law360's 2022 Tax MVPs.

Expert Analysis

  • AML Regulation Of Lawyers Is Imminent And Controversial

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    The U.S. House of Representatives' recently passed National Defense Authorization Act subjects lawyers engaged in certain financial-related activities to anti-money laundering regulation under the Bank Secrecy Act, which could pit lawyers against clients in ways harmful to the rule of law and administration of justice, says Jeremy Glicksman at the Nassau County District Attorney’s Office in New York.

  • How COVID Has Changed Project Development And Finance

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    Two and a half years into the pandemic, some COVID-19-specific provisions are now common in the project development and finance markets, while others are still undergoing negotiation, say Nate Galer and Katy McNeil at Mayer Brown.

  • Key Adaptations For Law Firms Amid Quiet Quitting Movement

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    While quiet quitting may not be sustainable at law firms with billable hour requirements, there are specific steps law firms should take to maintain engagement and otherwise respond to the trend's underlying message that associates won't spend all their waking hours at work if they don't feel it's worthwhile, says Meredith Kahan at Whiteford Taylor.

  • Creating A Hybrid Work Policy? Be Intentional And Inclusive

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    The pandemic has changed expectations for the future of work forever, and as more employees demand hybrid working options, law firms must develop policies and models that are intentional, inclusive and iterative to lead the industry into the future, says Manar Morales at the Diversity & Flexibility Alliance.

  • A Law Firm's Guide To Humane Layoffs As Recession Looms

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    Amid warnings of a global recession, law firms should prepare for the possibility of associate layoffs, aiming for an empathetic approach and avoiding common mistakes that make the emotional impact on departing attorneys worse, say Jarrett Green, a wellness consultant, and Kate Reder Sheikh at Major Lindsey & Africa.

  • 3rd Time May Be The Charm For Florida Cannabis Legalization

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    After two unsuccessful attempts at legalizing adult-use cannabis in Florida, strong electoral support combined with significant financial backing for a recently approved constitutional ballot initiative may finally result in success, say Ashlee Tising and Jonathan Robbins at Akerman.

  • Learning From Trump And Bannon Discovery Strategies

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    Court-imposed sanctions on both former President Donald Trump and his former aide Steve Bannon for failing to comply with subpoenas illustrate that efforts to bar the door to valid discovery can quickly escalate, so litigants faced with challenging discovery disputes should adopt a pragmatic approach, say Mathea Bulander and Monica McCarroll at Redgrave.

  • The Risks In Lateral Hiring, And How To Avoid Them

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    As law firms increasingly recruit laterals, they must account for ethics rules and other due diligence issues that can turn an inadvisable or careless hire into a nightmare of lost opportunity or disqualification, says Mark Hinderks at Stinson.

  • Judges Who Use Social Media Must Know Their Ethical Limits

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    While the judiciary is permitted to use electronic social media, judges and judicial candidates should protect themselves from accusations of ethics violations by studying the growing body of ethics opinions and disciplinary cases centering on who judges connect with and how they behave online, says Justice Daniel Crothers at the North Dakota Supreme Court.

  • Rebuttal

    ABA Is Defending Profession's Values From Monied Influences

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    A recent Law360 guest article suggested that the American Bar Association ignored new opportunities for the legal industry by opposing nonlawyer ownership of law practices, but any advantages would be outweighed by the constraints nonlawyer owners could place on the independence that lawyers require to act in the best interest of their clients, says Stephen Younger at Foley Hoag.

  • How In-House Counsel Can Better Manage Litigation Exposure

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    In anticipation of economic downturn and increased litigation volume, the true struggle for an in-house team is allocating their very limited and valuable attentional resources, but the solution is building systems that focus attention where it can be most effective in delivering better outcomes, say Jaron Luttich and Sean Kennedy at Element Standard.

  • Practical E-Discovery Lessons From The Alex Jones Case

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    The accidental disclosure of mobile phone data during the Alex Jones defamation damages trial underlines the importance of having in place a repeatable e-discovery process that includes specific steps to prevent production of data that may be privileged, sensitive or damaging to the case, say Mike Gaudet and Richard Chung at J.S. Held.

  • The Ethical Risks For Lawyers Accepting Payments In Crypto

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    Ohio recently became the fifth jurisdiction to provide attorneys guidance on accepting cryptocurrency as payment or holding cryptocurrency in escrow, but lawyers should beware the ethics rules such payments may implicate, and consider three practical steps to minimize the risks, say Hilary Gerzhoy and Jared Marx at HWG.

  • Envisioning Metaverse-Based Litigation In The Real World

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    Attorneys should entertain the possibility of the metaverse becoming a matter of interest in real-world courts by considering what could cause actions outside the virtual world and digital forensics hurdles to be cleared in demonstrating the offense, identifying the culpable parties and collecting damages, say consultants at Keystone Strategy.

  • Opinion

    ABA Stance On Role Of Nonlawyers Is Too Black And White

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    The American Bar Association's recent resolution affirming its long-standing opposition to nonlawyers owning law practices or receiving shares of legal fees overstates the ethical, professional and regulatory challenges — and ignores the potential benefits — of allowing nonlawyers greater participation in the legal industry, say Peter Jarvis and Trisha Rich at Holland & Knight.

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