Tax

  • December 11, 2013

    Pa. Pushes For 3rd Circ. Hearing In Gay Marriage Dispute

    Pennsylvania officials defending the state's gay marriage ban from a constitutional challenge asked a federal court Tuesday to ignore their opponents' jurisdiction arguments and allow an interlocutory appeal to the Third Circuit for review of whether the plaintiffs' claims fall under federal jurisdiction.

  • December 11, 2013

    NY Bill Would Tax $3B Marijuana Market

    A New York state Democrat on Wednesday pitched legislation to regulate and tax the state's potential $3 billion marijuana market similarly to New York's treatment of alcohol, amid a broad push to cut state taxes while keeping a healthy but vulnerable budget on solid ground.

  • December 11, 2013

    Wis. Governor OKs Bill Upping Historic-Building Tax Credit

    Wisconsin Gov. Scott Walker on Wednesday signed legislation doubling the state's tax credit for the restoration of historic buildings, which he said provides an added incentive for developers to refurbish downtown areas throughout the state.

  • December 11, 2013

    Lawmakers Grill IRS Pick Over Nonpartisan Tax Collection

    Renewing the public's confidence that taxes are collected without political motive remained the main theme on the second day of John Koskinen's confirmation hearing to run the Internal Revenue Service.

  • December 11, 2013

    Female Powerbrokers Q&A: Morrison Cohen's Danielle Lesser

    My advice to an aspiring female attorney is never to think of herself as a female attorney, says Danielle Lesser, co-chairwoman of Morrison Cohen LLP's business litigation department.

  • December 11, 2013

    33 GOP Lawmakers Propose Health Tax Alternatives To ACA

    A universal tax incentive for buying health insurance and tax-free health savings accounts are among a list of ideas that 33 House Republicans want to bring to President Barack Obama as alternatives to Affordable Care Act provisions, the congressmen announced Tuesday.

  • December 11, 2013

    Female Powerbrokers Q&A: Liner Grode's Angela Agrusa

    When I learned that one of my male counterparts had received a larger compensation bump than I did only because he “had a wife and kids to support,” I didn't sit in frustration — I decided to get myself a place at the table. I became a practice group head and was in every meeting where compensation was discussed, says Angela Agrusa, a partner with Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor LLP.

  • December 10, 2013

    High Court Passes On Sands Heirs Tax Penalty Appeal

    The U.S. Supreme Court on Monday passed on an appeal brought by heirs of Constellation Brand Inc. founder Marvin Sands who sought to nix hefty penalties tied to their participation in a series of transactions the government claims were designed to avoid paying taxes on over $125 million in capital gains income.

  • December 10, 2013

    Seminoles Ask 11th Circ. To Revive Fla. Gas Tax Row

    The Seminole Tribe of Florida told the Eleventh Circuit on Tuesday that a lawsuit it brought over state fuel taxes should be reinstated in federal court, despite the state's argument that a lower court's decision to dismiss the case was well-supported.

  • December 10, 2013

    Firm Says Novartis Whistleblower Owes Fees For Failed Suit

    A New Jersey firm on Monday asked a federal judge to grant it summary judgment in its case against a former client who brought a whistleblower suit against Novartis AG alleging tax improprieties, saying the client refused to pay for services after failing to secure an award.

  • December 10, 2013

    Fla. Beats Ill. For Newly Merged Office Depot HQ

    Office Depot Inc. — which recently merged with OfficeMax Inc. — will place its new corporate headquarters in Florida, it said Tuesday, ending months of speculation and handing a blow to Illinois, which had toyed with tax break proposals to attract the retail giant.

  • December 10, 2013

    Top And Bottom 20% Of Earners See Tax Hikes In 2013

    The expiration of three tax relief laws and the imposition of the Affordable Care Act's tax hike means the upper and lower quintiles of U.S. earners saw a 4.2 percent and 1.6 percent bump in respective 2013 tax liability, according to a Congressional Budget Office study released Wednesday.

  • December 10, 2013

    France, Ireland, Italy Must Recover Mineral Oils Exemptions

    Ireland, France and Italy gave illegal state aid to alumina producers when they allowed mineral oils to be exempted from excise duty, the European Court of Justice ruled on Tuesday.

  • December 10, 2013

    IRS Says Suit Over ACA Employer Mandate Delay Lacks Injury

    The Internal Revenue Service asked a Florida federal judge Monday to scrap an orthodontist's suit against the federal government, arguing expenses he allegedly incurred because of the delay of the Affordable Care Act's so-called employer mandate were self-imposed.

  • December 10, 2013

    3 Swiss Banks Join Tax Evasion Disclosure Program

    Swiss banks Valiant Holding AG, Berner Kantonalbank AG and Vontobel Holding AG agreed Monday to participate in a voluntary disclosure program with Swiss officials and the U.S. Department of Justice that targets lenders suspected of sheltering American tax evaders.

  • December 10, 2013

    Steptoe & Johnson Adds Senior DOJ Tax Pro In DC

    Steptoe & Johnson LLP has boosted its tax department by luring former U.S. Department of Justice senior tax litigation counsel Robert J. Kovacev to join its Washington, D.C., office as a partner, the firm said Tuesday.

  • December 10, 2013

    2nd Circ. Sinks Challenge To $13M Vt. Nuclear Tax

    The Second Circuit on Tuesday upheld the dismissal of a lawsuit challenging the $13 million annual state tax levy imposed on Vermont's largest nuclear plant operator, saying the Tax Injunction Act does not allow the federal courts to meddle in state tax matters.

  • December 10, 2013

    Q&A With Jackson Walker's Brian Dethrow

    The Internal Revenue Service will be on the warpath in search of revenue in 2014. Even without fresh tax legislation we can feel things tightening up — it’s happened with many state comptrollers. We think it will happen similarly with the IRS, either through regulatory or legislative means, says Brian Dethrow, a partner with Jackson Walker LLP specializing in tax and business planning.

  • December 10, 2013

    Report Calls For $2B In NY Property, Corporate Tax Cuts

    A New York commission on tax reform report released Tuesday calls on lawmakers to reduce the tax burden on homeowners and businesses and increase state economic competitiveness by freezing property taxes for two years and lowering the corporate tax rate to its lowest level since 1968.

  • December 10, 2013

    IRS Nominee Vows To Restore Public's Trust At Hearing

    Restoring the public's trust in the Internal Revenue Service will be John Koskinen's chief goal if chosen to lead the agency, he told lawmakers at his confirmation hearing Tuesday, which ended prematurely due to a technicality.