Featured Stories

FATCA Imbalance Raises Questions About Crypto Data Swaps

The U.S. government has long lacked the ability to reciprocate the level of information it receives from other cou... (more story)

EU's Stalled Pillar 2 Tax Holds Up Global Adoption

Failure to push the internationally agreed-upon minimum tax known as Pillar Two across the finish line in the Euro... (more story)

The Tax Angle: Corporate Book Taxes And Retirement Savings

From the possibility of changes to the 15% alternative minimum tax on corporations to progress on retirement secur... (more story)

Federal More

Calif. Man Gets 10 Years For Pro Athlete Tax Fraud, PPP Scam

A California tax preparer was sentenced to 10 years in prison on Wednesday for his role in a scheme to obtain inflated returns on behalf of professional athlete clients and another plot to defraud the Paycheck... (more story)

Justices Urged To Scrutinize 6th Circ.'s OK Of Easement Regs

The U.S. Supreme Court should review a Sixth Circuit decision finding that Treasury's tax regulations for conservation easements complied with administrative law, a partnership argued, highlighting a circuit s... (more story)

Holland & Knight DC Tax Pro Lands At Foley & Lardner

Foley & Lardner LLP has added a partner to its taxation practice group and health care and life sciences group, the firm recently announced.

Trump Urges 2nd Circ. To Allow Challenge To NY AG Biz Probe

Former President Donald Trump's challenge to New York Attorney General Letitia James' scrutiny of his business dealings should be permitted to proceed, Trump told the Second Circuit on Tuesday, arguing her bad... (more story)

US Asks 1st Circ. To OK New Arguments Over Crypto Records

The government asked the First Circuit to reconsider its revival of a New Hampshire man's lawsuit seeking to expunge cryptocurrency records he alleged the Internal Revenue Service obtained illegally via summon... (more story)

Couple Can't Challenge Crypto Taxes After Getting Refund

A couple can't proceed with a suit to recoup taxes they paid on cryptocurrency because the IRS already refunded them, a Tennessee federal court ruled, declining to take up their greater legal challenge over th... (more story)

V&E Loses Ace Tax Atty To Kirkland In Houston

Kirkland & Ellis LLP has added a partner with a broad range of expertise in tax controversy to its Houston office.

State & Local More

Whistleblowers Will Be Key To Curbing Cannabis Fraud In NY

As New York begins accepting license applications for its legal marijuana market, qui tam suits brought by whistleblowers under the New York False Claims Act will be a valuable tool for safeguarding the integr... (more story)

8th Circ. Tosses Order Nixing Non-Native Contract Work Tax

The Eighth Circuit on Tuesday again reversed a lower court ruling that South Dakota cannot tax work performed by a non-tribal company for the Flandreau Santee Sioux Tribe's casino, saying the Indian Gaming Reg... (more story)

Cincinnati Says Remote Worker Tax No Due Process Violation

Ohio's law allowing cities to tax remote workers at the start of the COVID-19 pandemic is an appropriate, limited exercise of government authority that gives certainty to taxing authorities, Cincinnati's finan... (more story)

Fracking Co. Urges Ohio Justices To Nix Tax On Equipment

An Ohio hydraulic fracturing company should not owe sales and use tax on certain equipment used to produce oil and gas, the company argued to the state Supreme Court, saying a change in state law backs its position.

Chipmaker Plans $100B Facility Investment In New York

Memory chipmaker Micron Technology Inc. unveiled plans Tuesday to pour $100 billion over the next 20 years into the construction of a semiconductor factory in upstate New York, aided by state and federal incen... (more story)

Virgin Islands Says Container Tax Fight Meant For Local Court

A business can't challenge the Virgin Islands' container tax on vehicles and shipping containers because the suit violates the tax comity doctrine, the territory said in a motion to dismiss the case in a U.S. district court.

Miss. Shouldn't Tax Software Used As Biz Input, Report Says

Mississippi should provide sales and use tax exemptions for software and cloud computing services used as business inputs, a legislatively created committee that examined the taxation of remote and internet-ba... (more story)

The 5 Biggest Cases This Supreme Court Term

The reversal of constitutional abortion protections last term has court watchers wondering: Is affirmative action next? But the lawsuits against Harvard University and the University of North Carolina are far ... (more story)

Philip Morris Loses Fight Over NC Export Tax Credit Cap

North Carolina law does not permit Philip Morris to generate a tax credit for exportation of more than $6 million in any given year, a state court judge ruled, denying the tobacco giant's petition for an admin... (more story)

International More

Outdoor Maintenance Biz Sues For £7.8M For Post-M&A Woes

An outdoor maintenance provider has sued the former owners of a parking lot specialist for up to £7.8 million ($8.8 million) after their business ran into problems with a major Tesco contract and significant t... (more story)

Company Considerations For Cash Award Incentives: Part 2

Cash awards can help companies address some issues associated with equity awards to compensate employees, but due to potential downsides, they should be treated as a tool in a long-term incentive program rathe... (more story)

Indian Seeks To Dodge Extradition On Prison Violence Fears

An Indian national facing extradition from the U.K. to India for tax evasion and money laundering offenses would face the risk of "violence and extortion" in prison if extradited, his counsel said at a London ... (more story)

Ex-F1 Chief To Face 2023 Trial Over Hidden $650M Charges

Former Formula One racing boss Bernie Ecclestone will face trial next year at a London court over an allegation that he hid more than $650 million in an offshore trust from the British tax authorities.

UK Tribunal Says Marshmallows Not Candy For VAT Purposes

A large type of marshmallow sold in the U.K. to be roasted over a fire is not considered a confectionery for value-added tax purposes, according to a decision by the country's First-tier Tribunal.

Company Considerations For Cash Award Incentives: Part 1

Denise Glagau and Kela Shang at Baker McKenzie discuss what companies must consider when offering cash awards outside of U.S. jurisdictions, and explain how some challenges associated with equity awards may be... (more story)

UN Urges Gov'ts To Tax Windfalls, Close Loopholes

Taxing windfall profits and fighting tax avoidance could stem fallout from rich nations' monetary tightening, which is likely to trigger the worst global recession in decades, the United Nations Conference on ... (more story)