A titanic $4 billion convention center project in New York that would create the largest event center in the country may hinge on negotiations over revenue-sharing at the developer's nearby casino complex, industry watchers said Tuesday.
Two solar industry trade groups sued Riverside County, Calif., on Friday, saying the county has no authority to impose a so-called annual sun tax of $450 per acre for solar energy developments.
A California tax authority accused bankrupt Buffets Restaurants Holdings Inc. on Thursday of attempting to skip out on a $3 million tax bill left over from the buffet chain’s previous stint in Chapter 11.
The Internal Revenue Service on Friday outlined how it planned to impose a 2.3 percent excise tax on the manufacturers and importers of medical devices, a provision of the Affordable Care Act that will bring in an estimated $20 billion over the next several years.
Reinhart Boerner Van Deuren SC has pulled in a Deloitte Tax LLP expert who helps clients through Internal Revenue Service and U.S. Department of Labor audits to its employee benefits practice in Milwaukee, Reinhart said Monday.
Squashing a suit over Michigan bankruptcy judges' decision to order the Internal Revenue Service to send tax refunds of Chapter 13 filers directly to trustees, the Sixth Circuit said Monday that the federal government can't sue the trustees for carrying out court orders.
A former San Diego tax lawyer and two Arizona businessmen face federal conspiracy charges for allegedly hiding millions of dollars in accounts at UBS AG and other overseas banks, according to an indictment unsealed Monday by an Arizona federal court.
A California federal judge on Thursday refused to toss a class action by state employees over federal tax provisions that exclude same-sex spouses and domestic partners from long-term care insurance coverage by the California Public Employees' Retirement System.
Switzerland's oldest bank, Wegelin & Co., is sending its non-U.S. clients and staff to Notenstein Private Bank Ltd. for an undisclosed sum as it struggles with U.S. authorities' charges that it lets American clients hide assets, Wegelin said Friday.
A Pennsylvania federal judge on Thursday dismissed a 6-year-old tax evasion case against a father-and-son pair of Adelphia Communications Corp. executives already sentenced in New York for securities fraud, questioning why federal prosecutors devoted years of resources to the case.
President Barack Obama offered a broad new economic plan in his State of the Union speech Tuesday, calling for a combination of legislative and executive efforts to boost American manufacturing and trade, stimulate domestic energy production, create a more equitable tax code, and prevent abuses in the financial sector.
The Second Circuit on Tuesday ruled that the Internal Revenue Service could penalize a General Electric Capital Corp. unit for underpaying its taxes by allocating virtually all of its taxable income to two tax-exempt Dutch foreign banks.
The end of a federal grant system that doled out billions of dollars to solar energy companies may have been a blow to some players in the industry, but still-remaining tax benefits are proving to be a strong enough lure for rich corporations and private equity firms to invest in solar projects, experts say.
The U.S. Supreme Court on Monday declined to hear a False Claims Act suit by two attorneys who accused payroll companies of improperly profiting from tax transfer payments.
The grandson of a Johnson & Johnson co-founder told a New York state court Friday that it wasn't too late for him to sue Proskauer Rose LLP and two attorneys for giving him bad advice about selling his J&J shares to avoid taxes.
Tyco International Ltd. moved Friday to compel arbitration with reorganized business lender CIT Group Inc., saying that although a judge ruled for Tyco on a $190 million claim in a tax benefits dispute, CIT continues to fight arbitration.
An octogenarian ex-attorney who stashed over $26 million in a UBS AG account in Switzerland was sentenced to 45 days in prison for tax evasion Friday in New York federal court.
U.K. telecommunications giant Vodafone Group PLC will not have to pay $2.5 billion in taxes on its 2007 purchase of Hutchison Whampoa Ltd.'s Indian cellphone business, the Supreme Court of India ruled Friday.
Democrats in the U.S. House of Representatives introduced a bill Wednesday that would tax oil and gas company profits that exceed a predetermined amount in order to fund tax credits for fuel-efficient cars and fare reductions for mass transit systems during gas price spikes.
A Pennsylvania federal judge on Wednesday dismissed on double jeopardy grounds the conspiracy charges in a tax evasion case against a father-and-son pair of Adelphia Communications Corp. executives already sentenced in New York for the same securities fraud.