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June 18, 2026
Luxembourg correctly exempted securitization companies from the interest limitation rule under the European Union's anti-tax avoidance directive because they are comparable to financial undertakings that are explicitly exempted, an adviser to the European Court of Justice said Thursday.
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June 18, 2026
North Carolina would allow local governments to create specialized districts and provide significant tax exclusions for developers to incentivize new property improvements under a bill now on the governor's desk.
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June 18, 2026
The IRS, in increasing Meta's income under the periodic adjustment rule for years 2017-2019, is seeking a "do-over" of the Facebook case decided in 2025, valuing the same intangibles the U.S. Tax Court already valued under a different method, Meta argued.
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June 18, 2026
Delaware would require accommodations intermediaries to collect short-term rental tax for municipalities under a bill introduced in the state House of Representatives.
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June 18, 2026
Trump accounts, the new tax-advantaged brokerage accounts for newborns, will generally not be considered employee pension benefit plans and will not be subject to federal benefits laws, according to guidance issued Thursday by the U.S. Department of Labor.
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June 18, 2026
A New Jersey tenant appealing the property tax assessment of a legacy data center is not required to provide the township with a detailed methodology of its assessment challenge prior to the case's trial, the state Tax Court ruled.
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June 18, 2026
A proposal to cut Massachusetts' income tax rate from 5% to 4% over three years was blocked from the November ballot by the state's top court Thursday, which said it contained significantly misleading information.
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June 17, 2026
The Trump administration's recent moves to relax federal restrictions on marijuana through the administrative process will have unclear ramifications for all industry players unless Congress steps in to rewrite cannabis law, attorneys heard Wednesday.
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June 17, 2026
An information technology distributor has refused to pay electronic components distributor Avnet at least $27 million of tax credits and refunds, breaching a 2016 acquisition agreement between the two companies, according to a complaint in a New York federal court.
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June 17, 2026
A cannabis real estate company and an affiliate gutted a $27 million cultivation facility, stopped paying taxes on it and defaulted on a $4.6 million clean-energy loan, according to a federal lawsuit by the lender, which seeks a court-ordered sale of the property.
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June 17, 2026
The Michigan tax tribunal wrongly ruled that a senior care facility's low-income units shouldn't be considered when assessing the property, a state appeals court panel said, remanding the case back to determine its valuation considering the rental restrictions.
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June 17, 2026
Troutman Pepper Locke LLP has hired a former McDermott Will & Schulte tax partner who focuses his practice on tax credits for renewable and transitional energy, as well as other energy-financing matters, the firm recently announced.
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June 17, 2026
A Pennsylvania trial court must reconsider the charitable use of land owned by a trust under an analysis provided by the appellate Commonwealth Court and reevaluate whether the land is eligible for a charitable tax exemption, the appellate court ruled Wednesday.
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June 17, 2026
Florida established an independent special district in Hillsborough County that may impose taxes, including property taxes if approved by voters in a referendum, under a bill signed by Gov. Ron DeSantis.
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June 17, 2026
Hong Kong lawmakers adopted a bill Wednesday to tighten requirements on financial institutions pursuant to the automatic exchange of information between tax authorities, building off suggestions made during a peer review of the jurisdiction's legal framework, the Inland Revenue Department said.
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June 16, 2026
Illinois will tax digital advertising, social media platforms, cryptocurrency, prediction markets and more under a nearly $56 billion budget signed Tuesday by Democratic Gov. JB Pritzker.
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June 16, 2026
The Second Circuit issued a summary order Tuesday affirming the conviction of a Connecticut man who pled guilty to tax crimes, disagreeing that allegedly misleading advice from trial attorneys about the immigration implications of his plea warranted his withdrawing it.
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June 16, 2026
Virginia's governor and lawmakers on Tuesday announced an agreement to tax and regulate the sale of adult-use cannabis with sales beginning in July 2027.
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June 16, 2026
Acting U.S. Attorney General Todd Blanche's nomination hearing is a month away, and the fate of his confirmation is likely in the hands of Sens. Thom Tillis, R-N.C., and John Cornyn, R-Texas.
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June 16, 2026
The U.S. Supreme Court's recent decision upholding federal agency fines without a jury trial doesn't undermine a challenge against IRS penalties tied to a charitable tax deduction for a Louisiana conservation easement contribution, the partnership donor told the Fifth Circuit.
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June 16, 2026
A Minnesota office building was overvalued at $108 million, its owner told the state Supreme Court, challenging the state tax court's reconciliation of competing appraisers' conclusions and other matters.
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June 16, 2026
A Maryland federal judge on Tuesday denied SCOTUSblog founder Tom Goldstein's bid for an acquittal or new trial, rejecting his claims that issues with jury instructions and excluded evidence warranted a do-over in his tax evasion and mortgage fraud case.
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June 16, 2026
European Union lawmakers voted Tuesday to approve legislation implementing the bloc's safeguard-bolstered trade deal with the U.S. founded on a series of tariff cuts, moving one step closer to implementation that is expected before the end of the month.
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June 15, 2026
An IRS directive issued last month ordering the removal of flyers and other materials promoting the National Treasury Employees Union is a "textbook example" of First Amendment violations, the NTEU told a District of Columbia federal court Monday.
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June 15, 2026
An Atlanta attorney was sentenced to more than one year in federal prison after evading almost $1.5 million in federal income taxes from 2016 through 2019, a Georgia federal court announced Monday.