European Union law governs the taxation of notary fees for recording the conversion of a capital company into a different type of capital company when the conversion does not yield an increase in capital for that company, the European Union Court of Justice ruled Thursday.
In this week's Taxation with Representation, Wilson Sonsini supervises an online vitamin supplier's sale to Kroger, while Vinson & Elkins help Devon Energy unload $2.3 billion worth of gas-rich assets in the U.S.
The number of real estate investment trusts in the U.S. is growing thanks to recent Internal Revenue Service rulings expanding the definition of qualified property, and experts say REITs can expect a mix of encouragement and scrutiny from the agency for the forseeable future. Here, Law360 takes a look at some of the tax benefits and hurdles currently facing REITs.
European Union nations can collect excise duty from someone who has a taxable good that was distributed in another nation to another person when that good is being used for commercial purposes, the European Court of Justice ruled on Thursday.
The Internal Revenue Service on Thursday filed an objection to Furniture Brands International Inc.'s estate's liquidation plan in Delaware bankruptcy court, saying it violates the law by allowing the company to escape its tax debts.
Morrison Cohen LLP has formed a new white collar defense practice in New York City with the addition of a former Bingham McCutchen LLP partner and assistant district attorney for Manhattan who has experience in antitrust suits and securities, tax and health care fraud, the firm announced Tuesday.
The Sixth Circuit on Wednesday ordered a Michigan federal court to decide whether casino tax revenue collected by the city of Detroit should be considered part of its estate during its ongoing bankruptcy proceedings.
Problems at the Internal Revenue Service are largely thanks to budget cuts by Congress, a left-leaning think tank said Thursday.
In a state where four of the past seven governors have ended up in prison, former private equity lead partner Bruce Rauner is under heightened scrutiny in his Illinois gubernatorial bid after a Wednesday report analyzing his tax bills revealed he used a loophole to cut what he owed on his private equity earnings.
Six Miami-Dade County same-sex couples challenging Florida's ban on same-sex marriage asked a judge Wednesday for summary judgment in their favor, arguing that the state has no rational reason to bar same-sex couples from getting married.
The U.S. Supreme Court will likely clarify when state tax collection methods can be challenged in federal court when it hears an appeal related to Colorado's "Amazon tax" law, but the more divisive question of when a state can force out-of-state Internet retailers to collect sales tax will probably go unanswered, experts said Wednesday.
A Delaware bankruptcy judge agreed Wednesday to push back a hearing on a challenge to estimated tax claims brought by the private equity-backed purchaser of bankrupt iGPS Co. LLC, giving New York state’s taxation agency time to complete an audit and hammer out a potential settlement with iGPS.
European Commission tax authorities have embarked on another fact-finding mission at the border between Gibraltar and Spain’s La Linea to investigate tobacco smuggling and delays at the border, the supranational body announced Wednesday.
The Third Circuit on Tuesday upheld prison sentences for two married chiropractors who evaded taxes on their practice and personal income by shunting their money to shell corporations, saying an unclear sentence in their jury instructions was insignificant.
Former K&L Gates partner Richard L. Sevcik has begun a new job at the rapidly expanding Chicago office of Perkins Coie in the firm’s Tax, Benefits & Compensation group, the firm announced on Tuesday.
Israel is the latest nation to sign an intergovernmental agreement to comply with the Foreign Accounts Tax Compliance Act, according to document published this week by the U.S. Treasury Department.
A Texas county lost valuable revenue from hotel occupancy taxes and business personal property taxes after the Deepwater Horizon spill and wants BP PLC, Transocean Ltd. and Halliburton Energy Services Inc. to pay up, says a complaint filed Wednesday in federal court.
A Texas appeals court said Tuesday that the former CEO of defunct TaxMasters Inc. does not have to pay a $46 million judgment he was hit with as a result of the tax resolution company’s predatory business practices.
A Washington, D.C., federal judge on Wednesday approved a hearing to consider whether a Tea Party-affiliated group challenging the U.S. Internal Revenue Service over its alleged treatment of conservative groups is entitled to investigate the whereabouts of missing emails tied to the scandal.
A pair of Democratic lawmakers on Tuesday said they have a bill that would combat corporate inversions while replenishing the Highway Trust Fund, an issue Congress has spent much of this week debating.