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Tax

  • December 4, 2018

    Calif. Legislator Again Offers Menstrual Product Tax Bill

    The third iteration of a bill that would exempt menstrual health products from California sales and use tax has been introduced by an assemblywoman who has styled herself the “Tampon Queen.”

  • December 4, 2018

    DC Council Gives Final OK To Post-Wayfair Tax Law

    The District of Columbia, following the Supreme Court's landmark South Dakota v. Wayfair ruling, would begin requiring remote retailers to collect and remit sales and use tax on Jan. 1, under legislation given final approval Tuesday by the district council.

  • December 4, 2018

    Tax Court Judge Presses IRS On Mylan Legal Fee Deduction

    A U.S. Tax Court judge on Tuesday questioned the Internal Revenue Service's reasoning for denying Mylan Inc. a $50 million legal fee deduction, challenging the agency’s argument that the deduction could not be taken for litigation related to the generic drug approval process.

  • December 4, 2018

    DC, Md. AGs Seek Trump Org. Tax Records In Emoluments Suit

    The attorneys general of Washington, D.C., and Maryland said Tuesday they’ve begun issuing several subpoenas, including to the Trump Organization and the U.S. Treasury, as part of a lawsuit alleging President Donald Trump violated the U.S. Constitution’s emoluments clause.

  • December 4, 2018

    Secrets Spilled In Panama Papers Lead To Indictment Of 4

    New York federal prosecutors announced the indictment of a lawyer and three other men on Tuesday on charges of wire fraud, tax evasion and money laundering, tying the case to the 2016 leak of documents from the law firm Mossack Fonseca called the Panama Papers.

  • December 4, 2018

    NLRB Memo OKs Withholding Tax Break Info From Union

    The National Labor Relations Board general counsel's office unveiled two advice memos Monday, including one finding that Nexstar Media Group Inc. didn’t break labor law by refusing to tell a union how much the company saved because of the federal government’s recent tax overhaul and how it would use that money.

  • December 4, 2018

    Data-Driven Lawyer: Littler's Scott Forman

    Littler Mendelson PC shareholder Scott Forman's innovative case management platform helps his firm analyze litigation data, craft defense strategies, predict outcomes and greatly reduce client costs, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 4, 2018

    UK Can Unilaterally Reverse Brexit, ECJ Adviser Says

    Britain can unilaterally revoke its decision to withdraw from the European Union before the end of the exit agreement with no conditions, a senior legal adviser at the EU's highest court concluded on Tuesday.

  • December 3, 2018

    Travelers Can't Take Suspended Corp.'s Place In Defect Suit

    Travelers Property Casualty Co. of America can't sue an insulation company on behalf of developers covered by the insurer because the development companies had their corporate rights revoked after missing tax payments, a California state appeals court ruled Friday.

  • December 3, 2018

    Former IRS Counselor Joins Miller & Chevalier

    Miller & Chevalier Chtd. announced Monday that a former counselor to the Internal Revenue Service commissioner and tax policy adviser to senior members of the Senate Finance and House Ways and Means committees has joined the firm’s tax department.

  • December 3, 2018

    Colo. Justices Deny Gov.’s Request For Tax Statute Review

    The Colorado Supreme Court said Monday it will not weigh in on a conflict between the state's taxpayer bill of rights and a statute that balances the property tax revenue between residential and nonresidential property, despite the governor's claim of a potential statewide crisis.

  • December 3, 2018

    House GOP Presses ‘Pause Button’ On Year-End Tax Package

    As lawmakers in Congress pay their respects to former President George H.W. Bush, who died Friday, Republicans in the House of Representatives will delay a floor vote on a year-end tax package until next week at the earliest.

  • December 3, 2018

    Justices Skeptical Of W.Va. Taxation Of Fed. Retiree Benefits

    Some U.S. Supreme Court justices seemed skeptical Monday of West Virginia's contention that its taxation of a federal marshal’s retirement benefits but not similarly situated state retirees' was not discrimination under the doctrine of intergovernmental tax immunity.

  • December 3, 2018

    Tribes Sue Wisconsin Over Property Tax On Tribal Land

    A group of Indian tribes has sued Wisconsin in federal court over the collection of property tax on tribal land, asking the Western District of Wisconsin to place an injunction on the assessment or collection of tax.

  • December 3, 2018

    High Court Denies Truck Cos.' Cert Bid In Classification Suit

    The U.S. Supreme Court declined Monday to hear a trio of cases by Washington state trucking carriers alleging the state is threatening to disrupt the industry's regulation by imposing an unemployment tax on them that effectively destroys their ability to use independent contractors and disregards what they say is the nationwide industry standard.

  • December 3, 2018

    NYC Council Bill, Hearings To Target Amazon Deal's Secrecy

    After Amazon's win of major tax breaks from New York to place its new offices in New York City, three City Council members have said they'll introduce legislation targeting secrecy in such negotiations, while the council speaker said he would hold public hearings to scrutinize the deal.

  • December 3, 2018

    New OECD Tax Proposal Would Hit Trademarks, Copyrights

    The OECD is considering an approach to taxing the digital economy similar to proposals in the 2017 U.S. tax overhaul, including giving countries more leverage to tax foreign entities that use valuable branding trademarks and copyrights to sell into their jurisdiction, a top Treasury official said Monday.

  • December 3, 2018

    Data-Driven Lawyer: DLA Piper's Eric Falkenberry

    DLA Piper’s Eric Falkenberry quantifies litigation risk for buyers and sellers in the M&A arena, runs data boot camps for colleagues and helps dream up innovative new analytics tools, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • November 30, 2018

    The Data-Driven Lawyers Of 2018

    Big Data. Statistical Analysis. Insights. Innovation. These data-driven lawyers are making their mark on the legal industry and developing systems and practices that will change the way law is practiced in the 21st century.

  • November 30, 2018

    No Class, No Opt-Ins In KPMG Women's Sex Bias Action

    A New York federal judge shot down a class and collective action Friday that sought to represent more than 10,000 women who allegedly faced discrimination on pay and promotions at accounting giant KPMG LLP, saying the company's decentralized pay and promotion structure make the suit uncertifiable.

Expert Analysis

  • 2018 Year-End Estate Planning: Part 2

    Josh Rubenstein

    Joshua Rubenstein and Diane Burks of Katten Muchin Rosenman LLP continue the overview of year-end estate planning by highlighting important 2018 cases and suggesting key planning considerations.

  • Increasing Transparency In The US Tax Court

    Leandra Lederman

    The U.S. Tax Court has made tremendous strides toward increased transparency in recent decades. Implementation of the docket inquiry system and searchable databases are a terrific start, but there's more to do, says Leandra Lederman of Indiana University Maurer School of Law.

  • Insights From 2017-2018 High Court Term And What's Ahead

    Chad Eggspuehler

    Many expect the U.S. Supreme Court's new conservative majority to track rightward, while others wonder if any justices might assert a moderating influence as the new “swing vote.” The court’s recent decisions and upcoming docket provide the best clues about its trajectory, says Chad Eggspuehler of Tucker Ellis LLP.

  • 2018 Year-End Estate Planning: Part 1

    Joshua Rubenstein

    While the permanency of the Tax Cuts and Jobs Act remains uncertain, the current environment provides a great deal of opportunity for new estate planning, say Joshua Rubenstein and Diane Burks of Katten Muchin Rosenman LLP. The first part of this four-part article focuses on key income and transfer tax exemption and rate changes.

  • Series

    Judging A Book: Ginsburg Reviews 'The Curse Of Bigness'

    Judge Douglas Ginsburg

    When reading Tim Wu’s new book, "The Curse of Bigness: Antitrust in the New Gilded Age," lawyers, economists and historians will find its broad brush maddening, and the generalist reader will simply be misled, says D.C. Circuit Judge Douglas Ginsburg.

  • Not Too Late For Small Business Owners To Lower 2018 Taxes

    Steve Moskowitz

    While the best tax plans are usually implemented year-round, small business owners still have time to consider whether taking certain steps will lower their 2018 tax bill, says Steven Moskowitz of Moskowitz LLP.

  • 2nd Circ. Opines On Variable Prepaid Forward Contract Gains

    Lawrence Hill

    Reversing the U.S. Tax Court, the Second Circuit recently found that the late Monster.com founder’s estate potentially owed $41 million in taxes for variable prepaid forward contract extensions and remanded calculation to the Tax Court. Lawrence Hill and Kevin Platt of Winston & Strawn LLP discuss Estate of McKelvey v. Commissioner.

  • State Net

    State Lawmakers Face Familiar Challenges In 2019

    Korey Clark

    Many of the issues that are most likely to draw the attention of state lawmakers next year — including cybersecurity, internet and data privacy, blockchain and cryptocurrencies, sales taxes on remote sellers, transportation and telecommunications infrastructure, and marijuana — are already familiar, says Korey Clark of State Net Capitol Journal.

  • Understanding Treasury's New Hardship Distribution Rules

    Jorge Leon

    In November, the Treasury Department issued proposed regulations expanding the safe harbor for hardship distributions from qualified retirement plans. Now plan sponsors need to consider whether, when and how they will adapt, say attorneys at Michael Best & Friedrich LLP.

  • Congressional Forecast: December

    Layth Elhassani

    During its current lame duck session, Congress must compromise on government funding legislation or face a shutdown. It may also endeavor to move additional legislation and continue to confirm Trump administration nominees before the close of the 115th Congress later this month, says Layth Elhassani of Covington & Burling LLP.