We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Tax

  • 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.

  • October 15, 2018

    Allstate Hit With Pa. Suit Over Car Loss Tax Exclusion

    The Allstate Corp. is facing class claims in Pennsylvania state court accusing the insurer of failing to meet its statutory obligation to include sales tax in its calculation of how much it should pay in compensation for totaled vehicles.

  • October 15, 2018

    French Gov't Agrees To Cut Corporate Patent Tax To 10%

    French ministers agreed to cut taxes on corporate patent income to 10 percent Monday as part of a wider overhaul to align the country’s research incentives with global norms.

  • October 12, 2018

    Will The Future Of The Supreme Court Bar Be Female?

    While women have made significant inroads into the elite world of U.S. Supreme Court advocacy, last term the number of women arguing at the court hit a decade low. Was it an off year? Or a sign of progress stalled?

  • October 12, 2018

    Supreme Court Women: A Vet & 1st-Timer Talk Gender Disparity

    In exclusive on-camera interviews with Law360, the most prolific female U.S. Supreme Court advocate of the past decade and a first-timer reflect on the status of women in a field still dominated by men.

  • October 12, 2018

    FisherBroyles Adds M&A, Tax Partner To Detroit Office

    FisherBroyles LLP said a mergers and acquisitions attorney joined the firm Friday as a partner and corporate and tax attorney in its Detroit office after more than five years at Kemp Klein.

  • October 12, 2018

    Sears' Property Tax Breaks Unearned, School District Claims

    A suburban Chicago school district has sued Sears Holding Corp. ahead of its expected bankruptcy, telling an Illinois state court that the struggling retailer has diverted tens of millions of dollars from local schools through property tax breaks that didn't live up to job creation promises.

  • October 12, 2018

    7th Circ. Ends Ill. Property Owners' Tax Bout With County

    The Seventh Circuit has affirmed a lower court’s dismissal of a class action by property owners against a county in Illinois for disproportionately increasing taxes on industrial and commercial properties by about $12.2 million, finding a legal doctrine barred the suit.

  • October 12, 2018

    Taxation With Representation: Kirkland, Gibson Dunn

    In this week’s Taxation With Representation, Precision Drilling Corp. nabs Trinidad Drilling Ltd. for $796 million, Antero Midstream GP snagged Antero Midstream Partners’ outstanding common shares for $7.2 billion, TransDigm Group Inc. scoops up Esterline Technologies Corp. for $4 billion, and Imperva Inc. goes private in a $2.1 billion deal with Thoma Bravo LLC.

  • October 12, 2018

    ND Lawmakers Propose Framework For Tribal Tax Cooperation

    North Dakota could collect certain state taxes on Native American reservations and distribute the revenue to Native American tribes under proposed legislation recently discussed at an interim legislative committee meeting.

  • October 12, 2018

    Texas Justices End 46-Year County Boundary 'Death Match'

    Occidental Chemical Corp. will no longer pay double tax on piers in Corpus Christi Bay after the Texas Supreme Court ruled Friday that only San Patricio County has jurisdiction to tax the structures, resolving a 46-year “Texas Death Match” with Nueces County.

  • October 12, 2018

    Ex-Hotel Exec Gets 46 Months For Stealing $13.8M

    A former hospitality executive from New Jersey was sentenced Thursday to nearly four years in prison for embezzling nearly $14 million from his New York-based employer and dodging taxes on nearly $28 million in income, federal prosecutors announced.

  • October 12, 2018

    Charges Over $18M Offshore Tax Scheme Too Late, Atty Says

    A Houston-based attorney has asked a Texas federal judge to dismiss an indictment accusing him of conspiracy and tax evasion for his role in a scheme to repatriate more than $18 million in untaxed earnings from the Isle of Man, arguing the indictment came too late.

  • October 12, 2018

    New Polsinelli Group Eyes Opportunity Zone Deal Work

    Polsinelli recently launched a practice group devoted to helping clients do transactions in opportunity zones — state geographic investment areas that have come about thanks to last year's federal tax overhaul — and lawyers at the firm say clients are lining up to do deals, despite lingering questions.

Expert Analysis

  • 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.

  • Q&A

    Back To School: BC's Kent Greenfield Talks Corporate Law

    Kent Greenfield

    In this series featuring law school luminaries, Boston College Law School professor Kent Greenfield reflects on his corporate law theories, his legal battle with the Pentagon over free speech and gay rights, and important constitutional law issues to watch out for.

  • 4 Key Problems With The Proposed EU Digital Tax

    Sigurd Næss-Schmidt

    As discussions continue regarding the proposed European Commission digital services tax, we suggest that European finance ministers examine four major issues with the proposal including its economic basis and its actual impact if it were to be implemented, say Sigurd Næss-Schmidt and Bruno Basalisco of Copenhagen Economics.

  • Kavanaugh Cannot Be Compelled To Recuse Himself

    Donald Scarinci

    Whether Justice Brett Kavanaugh’s prior statements may be grounds for disqualification when it comes to judging certain cases is debatable, but there are no specific recusal guidelines for the U.S. Supreme Court. The justices themselves don’t even agree on where to draw the line when it comes to perceived political bias, says Donald Scarinci, a founding partner of Scarinci Hollenbeck LLC.

  • Illinois Tax Talk: The Franchise Tax

    Christopher Lutz

    Very few states employ a tax on paid-in capital in the manner Illinois does. In this edition of Illinois Tax Talk, Christopher Lutz of Horwood Marcus & Berk Chtd. discusses the Illinois franchise tax.

  • Justices Will Side With Federal Retirees In W.Va. Tax Case

    Edward Zelinsky

    The U.S. Supreme Court will decide this term whether the state of West Virginia can tax a federal employee's retirement income if the retirement income of certain state retirees is entirely tax exempt. Professor Edward Zelinsky of Cardozo School of Law predicts the high court will hold that state and federal retirees must be granted the same exemptions.

  • Knowledge Management: An Unsung Hero Of Legal Innovation

    Rob MacAdam

    As technology evolves, law firms are increasingly looking for ways to improve communication, transparency and service for their clients. Firms should put knowledge management at the core of their value proposition to create a competitive advantage, says Rob MacAdam at HighQ.

  • A Canadian Perspective On The 'New NAFTA'

    Matthew Kronby

    Last week, Canada reached agreement with the United States and Mexico on what is essentially a revised North American Free Trade Agreement. The new U.S.-Mexico-Canada Agreement alters some provisions of NAFTA, maintains others and borrows a few ideas from the Trans-Pacific Partnership, say attorneys with Borden Ladner Gervais LLP.