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Tax

  • October 17, 2018

    German Court Dismisses Tax Charges Against Soccer Execs

    A German court said it would not pursue tax evasion charges against three soccer executives, marking the latest chapter in a scandal that marred Germany’s “summer fairy tale” 2006 World Cup.  

  • October 16, 2018

    IRS Urges 9th Circ. To Revive Cost-Sharing Rule

    The IRS asked the Ninth Circuit for a second time on Tuesday to reverse the U.S. Tax Court’s invalidation of an agency rule challenged by chipmaker Altera Corp., arguing it hadn’t flouted federal law in requiring businesses to include stock-based compensation in their cost-sharing agreements with related parties.

  • October 16, 2018

    Mayer Brown Adds NY Tax Partner For Fund Practice

    Mayer Brown LLP announced Monday that a tax attorney experienced in fund formation was joining the firm as a partner in its New York City office.

  • October 16, 2018

    Ex-Foley & Lardner Atty Suspended 2 Years For Faked Docs

    The Wisconsin Supreme Court on Tuesday suspended for two years a former partner at Foley & Lardner who admitted to falsifying backdated documents during an Internal Revenue Service audit of a client's trust.

  • October 16, 2018

    OECD Tax Chief Hopes For Deal On Digital Tax In Few Months

    Pascal Saint-Amans, the Organization for Economic Cooperation and Development's director of tax policy, expressed optimism Tuesday that a task force charged with creating recommendations on how to deal with digital tax issues would agree on "some form of recommendation" in the next few months. 

  • October 16, 2018

    W.Va. Urges High Court To Affirm Retirement Tax Finding

    West Virginia did not violate the doctrine of intergovernmental tax immunity in exempting some state law enforcement officers’ retirement benefits from taxation but not those of federally employed retirees with similar duties, the state’s top law enforcement officers told the U.S. Supreme Court Tuesday.

  • October 16, 2018

    NJ Hospital, Jersey City Reach $4.9M Deal Over Property Tax

    A New Jersey hospital has agreed to settle a dispute over its property tax exemption in exchange for paying Jersey City $4.9 million over an eight-year period.

  • October 16, 2018

    Bill Would Let Employers Pay Down Student Debt Tax-Free

    U.S. workers could get help paying off their student loan debt under a Senate proposal that would allow employers to contribute thousands of dollars a year tax-free toward their employees’ student loan repayments.

  • October 16, 2018

    The Path To Becoming A Supreme Court Advocate

    A look at the careers of attorneys who have dominated oral advocacy at the U.S. Supreme Court over the last decade shows a similar path for men and women, with a few key differences. Here’s how the top 10 male and female advocates stack up.

  • October 16, 2018

    Greenspoon Marder Adds Atty For NY Cannabis Tax Practice

    Greenspoon Marder LLP is expanding its New York tax practice by adding a partner experienced in general corporate and real estate tax to help the firm with its new cannabis practice.

  • October 16, 2018

    Dutch To Keep Dividend Tax, Cut Corporate Rates

    The Netherlands will abandon controversial plans to scrap its 15 percent levy on corporate dividends and instead spend €1.9 billion ($2.2 billion) on company tax cuts to boost investment, the government announced Tuesday.

  • October 16, 2018

    Energy Policy Goes To The Polls In Western US States

    A carbon tax in Washington and renewable energy mandates in Arizona and Nevada are part of a "green wall" of ballot initiatives in western U.S. states that could have significant impacts on the energy sector, experts say. Here, Law360 highlights major energy-related state referendums headed to the polls in November.

  • October 15, 2018

    Diamond Dealer Sued By IRS For $88M, Blames Dad's Attys

    A Brooklyn diamond heir and one-time business partner of Ivanka Trump responded on Monday to a criminal case alleging he participated in a $60 million tax fraud, saying in a self-written response that the charges against him “are built on a mistaken narrative.”

  • October 15, 2018

    Gender Disparity At The High Court: How Top Law Firms Measure Up

    For the women at elite law firms, an enduring gender gap among advocates can create a high hurdle for their high court ambitions. Here, Law360 looks at the law firms where women score Supreme Court arguments, and where they don’t.

  • October 15, 2018

    Cos. Hope For Easy Way Out Of Employee Stock Option Rules

    Burdensome requirements of a new program allowing eligible employees to defer tax on the exercise of certain employee stock option programs have many companies hoping the Internal Revenue Service will provide an easy out in forthcoming guidance.

  • October 15, 2018

    Pittsburgh's 'Welcome, Stranger' Tax Appeals Contested

    Pittsburgh Public Schools’ “welcome to the neighborhood” policy of appealing property tax assessments for recent residential home sales violated a recent Supreme Court of Pennsylvania ruling barring selective assessment appeals, the attorney for a proposed class action argued before a Commonwealth Court panel Monday.

  • October 15, 2018

    Calif. Law Allows Remote Sellers Tax Collection, Agency Says

    California’s existing “long-arm” nexus statute provides sufficient authority for the nation’s most populous state to move forward with remote seller provisions, the head of one California tax agency said Monday.

  • October 15, 2018

    Supreme Court Passes On Calif. Water Rights Fee Battle

    The U.S. Supreme Court on Monday declined to review the constitutionality of an annual fee imposed by California’s water control board on water right permit and license holders, leaving undisturbed a state appellate court holding that the fees do not violate the Constitution’s supremacy clause.

  • October 15, 2018

    Mass. Restaurant Owner Gets 1 Year For False Tax Returns

    The owner of a counter-service restaurant in Salem, Massachusetts, was sentenced to a year and a day behind bars in federal court Monday after pleading guilty in July to failing to report almost $1 million in income to avoid paying hundreds of thousands of dollars in taxes.

  • October 15, 2018

    High Court Won't Hear Tribe's Tax Arbitration Case

    The U.S. Supreme Court on Monday declined to take up the Citizen Potawatomi Nation’s bid to restore a $27 million arbitration victory against Oklahoma involving an alcohol sales tax exemption that was struck down by the Tenth Circuit.

Expert Analysis

  • Series

    Trade Wars: When Trade And National Security Converge

    Mario Mancuso

    Increasing tariffs, new scrutiny of foreign investments in U.S. companies, and export controls over “emerging and foundational” technology are part of a Trump administration strategy to advance national security objectives using economic tools. These measures are ushering in a new era of trade restrictions, say attorneys with Kirkland & Ellis LLP.

  • Q&A

    A Chat With Allens Pricing Chief Pier D'Angelo

    Pier D'Angelo

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.

  • Series

    Trade Wars: Anti-Dumping And Countervailing Duty Trends

    Shelby Anderson

    In the first article of this special series on the Trump administration's trade policies, attorneys from Covington & Burling LLP explore how a notable increase in U.S. anti-dumping and countervailing duty enforcement actions is creating significant compliance challenges for foreign companies and U.S. importers.

  • State Tax Codes Can Help Mitigate Poverty

    Misha Hill

    There are several tools at the disposal of state policymakers — particularly within their state tax codes — to help alleviate some of the financial pressure families face when living at or near the poverty level, say Aidan Davis and Misha Hill of the Institute on Taxation and Economic Policy.

  • Tax Evasion Knows No Borders

    Kim Marie Boylan

    The former CEO of a U.K. bank recently pled guilty to charges under the Foreign Account Tax Compliance Act, following a U.S. Department of Justice sting operation spanning several countries. The conviction sends a clear message that U.S. authorities will prosecute not only U.S. account holders, but those who facilitate tax evasion, whatever their nationality, say attorneys at White & Case LLP.

  • Sweeping Business Tax Changes Continue In New Jersey

    David Gutowski

    As part of Gov. Phil Murphy’s efforts to “modernize” business taxes, New Jersey recently enacted significant changes to its corporation business tax — furthered by a bill the governor signed on Oct. 4. Meant to provide only "technical corrections," the bill includes even more substantive tax changes, say attorneys from Reed Smith LLP.

  • Opinion

    The ABA Was Dead Wrong About Model Rule 8.4(g)

    Bradley Abramson

    In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.

  • Deducting SEC Disgorgement In A Post-Kokesh World

    Pamela Johnston

    The U.S. Supreme Court's ruling last year in Kokesh has an unintended consequence — the IRS and state taxing authorities have been applying the decision to challenge deductions for disgorgement paid as a result of U.S. Securities and Exchange Commission settlements. However, a settling party can still qualify for a deduction, say attorneys with Foley & Lardner LLP.

  • Opinion

    The Supreme Court Should Become Boring

    Alexander Klein

    In the aftermath of Justice Brett Kavanaugh's confirmation, the U.S. Supreme Court should decline review of the nation's most polarizing political questions unless and until the questions become time-sensitive, says Alexander Klein, head of the commercial litigation group at Barket Epstein Kearon Aldea & LoTurco LLP.

  • When The Taxpayer Can Tell The IRS: Prove It

    Caleb Smith

    Although taxpayers facing off against the IRS generally bear the burden of proof, there are procedural areas where the balance shifts and demanding that the IRS “prove it” can be a winning argument, says Caleb Smith, visiting associate professor of clinical law at University of Minnesota Law School.