In this week’s Taxation With Representation, Altice Europe NV sells a stake in a fiber-optic connection business for $2 billion, ResMed lands Propeller Health for $225 million, and Nexstar Media Group inks a $6.4 billion deal for Tribune Media Co.
Morgan Lewis' J. Kyle Poe, a self-proclaimed "elder millennial," created a client management platform to streamline the firm's work in asbestos litigation that is now used across practice areas, making the firm's business more efficient and upping its ability to attract clients through innovative fee arrangements, earning him a spot on our 2018 list of Data-Driven Lawyers.
A U.S. Tax Court decision that disallowed almost $28 million in losses by a company, finding the claim lacked economic substance, has been upheld by an Eleventh Circuit panel.
Companies will be able to opt out of a new provision in last year's federal tax overhaul that allows employees to defer income from exercising stock options, the Internal Revenue Service said Friday.
Lawmakers in Ohio have overwhelmingly passed a so-called "pink tax" bill Wednesday, becoming the latest state to move toward exempting tampons and other feminine hygiene products from sales tax.
Former 5Linx CEO Craig Jerabeck was sentenced to 14 months in prison and ordered to pay $2.3 million in restitution to investors of the multilevel marketing company who were bilked out of the same amount over a period of six years, the U.S. Department of Justice announced Thursday.
The government cannot depose two Israeli executives about their company's business with U.S. drugmaker Perrigo in a $163.5 million tax dispute, with a Michigan federal court again ruling Thursday it would be too expensive.
Two former Akerman LLP partners joined Greenberg Traurig LLP on Thursday, with one returning to the firm’s tax practice after more than 20 years away and the other moving to the firm’s employee benefits and compensation practice.
Instead of passing a broad tax package released in the U.S. House of Representatives, it’s possible that Congress will simply include so-called tax extenders in a year-end spending bill, Senate Finance Committee Chairman Orrin Hatch, R-Utah, told reporters Thursday.
South Dakota officials have urged a federal court to hold off on barring the government from taxing purchases by nontribal members at a Sioux tribe's casino, arguing it would be "extremely unlikely" for the state to recover distributed escrow funds if it wins an Eighth Circuit appeal of the lower court's judgment.
Pennsylvania's expansion and increase of taxes on fireworks sales did not violate the state Constitution, a commonwealth appeals court has found while striking portions of a law that regulated temporary structures used to sell fireworks.
Ogletree's Evan Moses uses unconventional strategies to boost the firepower of his class action practice, including a homegrown Monte Carlo algorithm, earning him a spot on our 2018 list of Data-Driven Lawyers.
A footnote in a recent ruling rejecting class certification in a long-running pay equity suit against accounting giant KPMG posed an intriguing question: Does the U.S. Supreme Court's Wal-Mart v. Dukes decision have a blind spot when it comes to "implicit bias" and pay decisions?
Under the weight of budget cuts and decreasing staff, the Internal Revenue Service may be finding its salve in artificial intelligence technology to detect criminal tax activities more efficiently.
The Indiana Supreme Court said Wednesday that an in-state recreational vehicle company orchestrated a “sham” scheme to avoid paying state sales tax on vehicles purchased by Michigan residents by turning the keys over to buyers just across Indiana’s border.
An Arizona federal court wrongly gave a tax software company more audit power over a licensee than its contract permits, the licensee told the Ninth Circuit in a recent filing.
The Pennsylvania Supreme Court heard arguments in Harrisburg on Wednesday aimed at upending a ruling finding that a York County freight broker was required to pay business privilege tax on payments it took from customers and passed through to carriers.
Most European Union countries, particularly smaller ones, favor a sustainable method for taxing all companies’ digital activity over the proposed tech-industry revenue tax that bloc leaders Germany and France have abandoned, a senior Estonian official said at a recent conference.
Kilpatrick Townsend’s Kate Gaudry has used data analytics to supercharge her patent prosecution practice, uncover winning strategies for portfolio management and expose a secretive U.S. Patent and Trademark Office program, earning her a spot on our 2018 list of Data-Driven Lawyers.
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.”
The new federal tax law was expected to change how deals get structured, and four months after its enactment, it is becoming clear how the legislation is having an impact on negotiations and tax planning strategies.
Due to the potential sunset of applicable tax law provisions, estate planners should minimize the risk of paying current gift taxes while taking advantage of the increased exemption to shift assets from the taxable estate, say Joshua Rubenstein and Diane Burks of Katten Muchin Rosenman LLP.
Four carbon pricing policy plans garnered attention in 2018, including the first bipartisan federal carbon tax proposal in eight years. In the first installment of this two-part series assessing the potential impacts on emissions, energy markets and the economy, Noah Kaufman of Columbia University's Center for Global Energy Policy looks at the similarities and differences.
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.
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.
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.
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.
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.
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.
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.
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.