Featured Stories

Cannabis Bill Roundup: House Eyes Expanding Pot Research No Photo Available

U.S. House members reintroduced a bipartisan bill this week to clear the way for cannabis researchers to study marijuana products sold... (more story)

Education Tax Proposal Could Be Key To College Affordability David van den Berg

House Democratic lawmakers in their budget reconciliation bill aim to allow students to use both federal Pell grants and the American ... (more story)

Rocky Road Ahead For Implementing Global Tax Deal In US No Photo Available

President Joe Biden's administration hasn't committed to a specific procedural path for implementing aspects of a global corporate tax... (more story)

Federal More

Watchdog Says Treasury Must Dish On Trump Tax Whistleblower

A watchdog group has asked a D.C. federal court to direct Treasury to provide documents related to its response to an IRS whistleblower's allegation of interference in the agency's audit processes for former P... (more story)

Tax Partner Rejoins Venable's Estate Planning Group

A former tax partner at Venable LLP has rejoined the firm after a stint at Fox Rothschild LLP and will serve clients in the Los Angeles office, Venable announced.

Crypto Emerges As IRS Criminal Arm's Key Focus, Official Says

Cryptocurrency has become a primary focus for the Internal Revenue Service's Criminal Investigation division because the technology offers a convenient means to hide assets and income as well as facilitate oth... (more story)

Voice Bots To Start Aiding Taxpayers In 2022, IRS Official Says

The Internal Revenue Service plans to roll out voice bots in 2022 that will help callers get answers to non-case-specific questions and possibly help them set up simple installment agreements, an agency offici... (more story)

Sen. Sinema Mum On Corporate Tax Hike, Rep. Neal Says

Senate Democrat Kyrsten Sinema of Arizona supports expanding renewable energy, family leave and child care, but remains noncommittal on raising corporate rates to fund the Democrats' Build Back Better bill, Ho... (more story)

IRS Summons On Spanish Bank Must Be Quashed, Court Told

An Internal Revenue Service summons issued to a Spanish bank for information on tax liabilities claimed against a man in the Dominican Republic should be quashed because he isn't subject to U.S. taxation, he t... (more story)

'Potty LLC' Pandemic Loan Adds To IndyCar Exec's Rap Sheet

An IndyCar Grand Prix event promoter who is slated to plead guilty to fraud and tax charges was hit with new allegations Wednesday that he scored $676,000 in pandemic relief funds through purported business en... (more story)

State & Local More

Kan. Panel Affirms Valuation Method For Walgreens, CVS

CVS and Walgreens properties in Kansas could reduce their property tax valuations by using a "hypothetical leased fee" method that valued the properties based on potential leases rather than the current leases... (more story)

Combined Reporting In Va. And Pot In Pa.: SALT In Review

From Virginia's study of combined reporting to Pennsylvania legislators' expectations for marijuana tax revenue, RSM US LLP's David Brunori offers his thoughts on noteworthy state and local tax news.

Texas Lawmakers Vote To Put Property Tax Cut On Ballot

Texas would ask voters to increase the mandatory homestead exemption from $25,000 to $40,000 and reduce property tax for eligible homeowners under a proposed constitutional amendment sent to the state's secretary of state.

Policy Groups, 20 States Back Ohio's ARPA Fight In 6th Circ.

Three limited-government advocacy organizations and 20 states urged the Sixth Circuit to uphold an injunction barring the federal government from enforcing a law against Ohio that requires states to return cor... (more story)

Proskauer Adds Tax Partner From Troutman Pepper

Proskauer Rose LLP announced it has snagged a tax partner from Troutman Pepper to join the firm's Los Angeles office and bolster its transactional tax practice.

Sports Retailer To Pay $1.5M To End NY Tax Whistleblower Suit

A sports merchandise and memorabilia retailer settled a New York tax whistleblower suit for $1.5 million after an investigation found the company undercollected sales and use tax on online sales, the state's a... (more story)

Biz Groups, Mich. Legislators Back Ohio In 6th Circ. ARPA Row

Business advocacy groups and Michigan lawmakers backed Ohio's bid before the Sixth Circuit to uphold an injunction barring the federal government from enforcing a law limiting states from using coronavirus aid... (more story)

Parish Urges La. Justices To Allow Limestone Tax Law

A Louisiana parish urged state justices Tuesday to reverse a lower court's finding that a state law removing a tax exclusion for certain limestone purchases was unconstitutional because it didn't pass both cha... (more story)

Tower Health Bonuses Sink Hospital Tax Exemption Bid

A Pennsylvania state court judge said the state's criteria for assessing whether a hospital should be tax-exempt were outdated and unsuited for an age of large health care companies with multiple facilities, a... (more story)

International More

Glencore Loses Precursor's Appeal On Taxing $82.5M As Income

Fees of CA$102 million ($82.5 million) that a predecessor to Glencore Canada Corp. collected for negotiating an unsuccessful bid for a mining company are income and thus taxable under Canadian law, the Tax Cou... (more story)

ECJ Says Hungary Broke EU Law By Not Disclosing VAT Refund

Hungary's tax authority violated European Union law by failing to tell a Belgian company that it was entitled to a bigger refund of value-added tax, having earlier issued a smaller refund that was incorrect, t... (more story)

Nova Scotia Bank's $6.5M Tax Interest Appeal Tossed

The Bank of Nova Scotia can't reduce nearly CA$8 million ($6.5 million) in interest owed on a reassessed tax bill that increased its liability by more than CA$54 million, a Canadian judge said, finding interes... (more story)

Private Swim Classes Aren't VAT-Exempt Education, ECJ Says

Tuition for a swim class does not qualify as an educational activity exempt from value-added tax under European Union law, the European Court of Justice ruled Thursday.

Tardy Invoices Don't Void VAT Deduction Right, ECJ Rules

A supplier's late-provided, perfunctory invoices don't nullify a company's right to deduct value-added tax and seek a refund, the European Union's highest court said Thursday in a decision favoring a French ma... (more story)

EU Parliament Demands Action Over Pandora Papers

The European Parliament approved a resolution Thursday calling on the European Commission to consider whether legislation is needed to counter the type of tax avoidance revealed in the recent so-called Pandora Papers leaks.

EU Prosecutor Busts Alleged Car VAT Fraud With Mafia Ties

The European Union prosecutor's office said it helped break up a value-added tax fraud ring involving luxury cars that caused at least €13 million ($15.1 million) in tax losses, leading to the arrests of three... (more story)