The Seminole Tribe of Florida asked the Florida Supreme Court Friday to reinstate a challenge to the state’s imposition of taxes for fuel used on tribal lands for governmental purposes, saying an appeals court wrongly found its case was identical to one previously decided in state court.
The Texas Supreme Court delivered a series of victories to Energy Future Holdings Corp.’s power distributor, Oncor Electric Delivery Co. LLC, on Friday in a complicated rate case, allowing the utility to charge ratepayers for federal income taxes and municipal franchise fees and ending a 20 percent discount for state colleges.
A state tax policy advocacy group has joined the slog over Michigan's decision to retroactively withdraw from a multistate tax agreement, upheld by Michigan’s high court in June, urging the U.S. Supreme Court to hear the case.
Belize has again urged the U.S. Supreme Court to take up its challenge to a D.C. Circuit decision to enforce a 38 million Belize dollar ($19 million) arbitral award to a telecommunications company, arguing that the U.S. is wrong to argue the dispute needs no further resolution.
Wyoming became the latest state to formally fight a controversial U.S. Supreme Court ruling requiring retailers to have a physical presence in a state to collect transaction taxes after it introduced a bill requiring out-of-state vendors to remit these taxes.
Texas appellate judges on Friday declined to reconsider their earlier decision finding that movie theater chain AMC properly subtracted film exhibition costs when determining its franchise tax liability, keeping intact the movie chain’s nearly $1.2 million refund from the state.
The House of Representatives will vote next week to overturn the Supreme Court's longstanding Chevron doctrine, which defers to government agency legal interpretations, as part of a larger campaign to pull back on federal rulemaking powers.
In a published opinion Friday, the Fourth Circuit backed the IRS' rejection of $117.8 million in salary and wage deductions claimed by an engineering and defense contractor post-acquisition, because it faced no “substantial risk of forfeiture” on the stock at the dispute's heart.
Three former Paskenta Band of Nomlaki Indians officials were hit with a 69-count indictment in California federal court on Thursday accusing them of embezzling at least $6 million in tribal funds, making false statements to federal agents and either filing inaccurate tax returns or failing to file any at all.
In this week’s Taxation With Representation, tax attorneys help guide the creation of an $11 billion natural gas liquids producer, Abbott Laboratories wraps up its $25 billion purchase of a rival medical device maker and Sears unloads its Craftsman tool brand in a $900 million transaction.
Mylan Inc. is fighting the IRS’ decision to deny its bid to write off $42 million in legal fees incurred in 2014 defending patent infringement litigation over its generic drug activities, arguing in a new suit filed in U.S. Tax Court that the expenses had nothing to do with the Food and Drug Administration approval process.
A U.S. Tax Court judge has slashed in half a tax bill for the University of Mississippi related to money it made sending its coaches to functions sponsored by Nike and Coca-Cola following a settlement between the school and the IRS, court records show.
The Pennsylvania Supreme Court was urged in a petition Friday to assume special jurisdiction over a pending appeal following the dismissal of a lawsuit challenging the city of Philadelphia’s new tax on sugar-sweetened drinks and diet soda.
A New York tax court has denied a refund request from a shareholder of a pass-through corporation that was found to owe additional taxes on $3 million in sales, finding that the shareholder failed to show that she was not responsible for her portion of the taxes.
“Data sovereignty” is a recent trend with important consequences for GE’s future as a digital industrial company. The technical challenges alone are immense. But compounding those challenges are the growing number of countries considering laws that would impede the flow of data across national borders, says Alex Dimitrief, general counsel of General Electric Co.
Major administrative rulemakings and rulings could have to go to Congress for an approval vote if a bill the House passed Thursday becomes law.
A federal judge on Thursday largely rejected the state of Washington and Snohomish County’s bid for a quick win in a lawsuit in which the Tulalip Tribes are challenging taxes imposed by the state and county on non-Native American businesses and their patrons at a village on reservation lands.
The American Institute of Certified Public Accountants told the IRS on Wednesday that the agency needs to simplify regulations covering capitalized interest, which involves long-term property costs, saying that the rules place a “substantial” administrative burden on certain industries.
A key platform of the House Republicans’ tax reform plan to almost double tax breaks for individuals and families could actually end up driving down housing prices by making tax incentives less effective for homebuyers, according to one of the nation’s largest lobby groups.
Anticipating significant movement on tax policy under an incoming Republican trifecta government, Covington & Burling LLP has brought a former tax counsel on the U.S. Senate Finance Committee to its public policy and government affairs practices, the firm announced on Thursday.
Women leave law firms for many of the same reasons men do, but also face challenges including headwinds with respect to assignment delegation and social outings, as well as potential disruptions if they choose to have children. Firms can increase investment in talent management and improve retention and engagement of women attorneys, says Anusia Gillespie of Banava Consulting.
American legal education relies almost exclusively on analytical thinking. But success in legal practice depends in large part upon an accurate emotional understanding of oneself and the human seated opposite us. Honing emotional intelligence skills can lead to greater success, and Judith Gordon of LeaderEsQ offers a few tools that can be implemented immediately to raise one’s emotional intelligence quotient.
The Ohio state legislature recently established the procedure for designating downtown redevelopment districts and innovation districts in the state. These powerful new tools can also be combined with existing economic development incentives, but the key to their successful implementation is determining when to use the correct incentives mix in the given circumstances, say Scott Ziance and Chris Clements of Vorys Seymour Sater and Pease LLP.
We are privileged to be part of an employment market that hosts employees from various generations. While “differences” may imply inherent conflict, intergenerational differences can actually be used to an advantage for organizations — especially law firms, say Najmeh Mahmoudjafari, founder of ImmigraTrust Law, and William Martucci of Shook Hardy & Bacon LLP.
Last year, the IRS issued final and temporary regulations pertaining to Section 871(m) of the U.S. Internal Revenue Code, which imposes a 30 percent U.S. withholding tax on dividend equivalent amounts paid or deemed paid on certain swaps and equity linked instruments. Funds should carefully consider the implications, say attorneys from Kleinberg Kaplan Wolff & Cohen PC.
The first paragraph of Philip Hirschkop’s obituary is going to contain the word "Loving." That’s undeniable. But many of Hirschkop’s other cases are just as groundbreaking in their own right. They aren’t household names like Loving, but they have affected millions in the nation’s households, says Randy Maniloff of White and Williams LLP.
A federal judge recently sentenced well-known Chicago restaurant owner Tony Hu to prison for carrying out an extensive scheme to avoid paying state sales tax collected from customers of his establishments. Two important lessons may be drawn from this criminal case, says Matthew Lee of Fox Rothschild LLP.
Tax inversions and the offshoring of intellectual property by U.S. companies grew from an arcane tax law subject to a popular election year issue this autumn. Transfer pricing is a significant area of scrutiny for the IRS, and recent Federal Circuit case law has resulted in dramatically reduced damages for infringement of offshored patents, say Vikram Iyengar and Charlene Morrow of Fenwick & West LLP.
Republican leaders appear determined to wrap up a week early to allow more time at the start of the 115th Congress in January 2017 for consideration of resolutions of disapproval of “midnight” regulations issued by the outgoing Obama administration under the Congressional Review Act, say Richard Hertling and Kaitlyn McClure of Covington & Burling LLP.
The incoming Trump administration's $1 trillion infrastructure plan would rely mostly on private investment, with infrastructure tax credits envisioned as bringing the needed financing to the table. But many questions remain unanswered, including who will decide on the selection and timing of projects, what laws will apply, and how private investors will be paid back, says Steve Sorrett of Kutak Rock LLP.