A former officer of defunct National Airlines Inc. asked the U.S. Supreme Court on Monday to squash a Ninth Circuit ruling that held him liable for over $8.5 million of National Airlines' unpaid federal excise taxes, saying there was ambiguity over what kinds of behavior trigger the liability.
The Organization for Economic Cooperation and Development said Thursday the tax systems of Colombia, Saudi Arabia and Latvia have become more transparent, a development the OECD said was part of broader push for transparency throughout the international community.
Wisconsin radio and television stations will soon be freed from paying local property and some state sales taxes under legislation signed Wednesday by Gov. Scott Walker.
A Philadelphia judge on Tuesday granted Reed Smith LLP's petition to transfer to Allegheny County a legal malpractice suit claiming the firm provided faulty tax guidance to the overseers of two trusts that were improperly drafted and led to undue taxes on the plaintiff.
Israel can reform its tax system and spur greater economic growth by slowing increases in its corporate income tax, widening its value-added tax base and increasing its fuel excise tax, according to a report released Wednesday by the Organization for Economic Cooperation and Development.
U.S. Sen. Joe Manchin, D-W.Va., on Wednesday called on Internal Revenue Service Commissioner John Koskinen to rescind more than $1 million in bonuses the tax agency doled out to IRS employees who were delinquent on their federal taxes, saying the payments were unconscionable.
Publicis Groupe SA is confident that the new company it seeks to form in a $35.1 billion merger with Omnicom Group Inc. will land approval to establish its tax home in the U.K., the company said Wednesday, following reports that the deal hit some snags.
Baby boomers with large books of business are retiring. At our last partners’ meeting, two teams composed of a senior male partner and a junior female partner talked about their transition planning. It was a powerful message, says Elizabeth Buckingham, head of Dorsey & Whitney LLP's trademark, copyright, advertising and brand management practice group.
I find that both female and male associates who have spent some time in another career before or after law school initially have better success in taking ownership of matters and thereby standing out to senior partners, says Enu Mainigi, a member of Williams & Connolly LLP’s executive committee and head of the firm's health care law and False Claims Act practices.
Holland & Knight LLP has hired a former U.S. Attorney's Office and Securities and Exchange Commission official with a wealth of experience in securities and tax fraud matters, the firm said Wednesday.
New York City Mayor Bill de Blasio on Wednesday proposed legislation that would provide relief to city homeowners who rebuilt or repaired their homes after Superstorm Sandy and who are soon facing a huge increase in their property tax bills.
The Seminole Tribe of Florida told a federal judge Wednesday that it should not have to pay a state utilities tax and sales tax levied on rent the tribe charges to companies running restaurants at tribal casinos, arguing that the taxes are expressly prohibited by federal law.
A Texas-based hydraulic fracturing company is protesting an Internal Revenue Service notice reducing the amount of deductions allocable to its oil, gas and geothermal properties by approximately $2 million, according to a petition filed in U.S. Tax Court.
The U.S. Tax Court on Wednesday said the Internal Revenue Service can refuse to collect back-due taxes from a spendthrift trust and instead use a continuing personal levy, even though a levy may result in additional interest and costs for a delinquent taxpayer.
Lamar Advertising Co. has received the go-ahead from the U.S. Internal Revenue Service to convert to a real estate investment trust, it said Wednesday, issuing its announcement days after a CBS Corp. advertising subsidiary said it too will convert to an REIT.
Arizona Gov. Jan Brewer on Tuesday vetoed legislation that would have added leased property to a property tax exemption for religious institutions, saying the bill would have compounded assessors' administrative burdens and may not actually benefit tenants.
California's tax regulator must pay $2.6 million in attorneys' fees to AT&T Corp. and Lucent Technologies Inc. in a long-running battle over sales and use tax payments after a state judge ruled Friday that the tax agency wasn't justified in defending the suit.
The New Jersey Division of Taxation released proposed rules Monday clarifying the proper sales tax treatment of computer software and related software maintenance services, a move the regulator said is intended to clear up confusion within the industry.
A Connecticut federal judge on Wednesday gave Fannie Mae and Freddie Mac another victory in a long judicial winning streak against state and local governments trying to collect local real estate transfer taxes, dismissing a class action brought by the city of Bridgeport.
The Sixth Circuit on Wednesday affirmed an 18-year prison sentence given to the ex-president of penny stock company Plasticon International Inc., saying the man convicted of bilking investors out of over $18 million failed to object to his sentence at trial.