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Tax

  • November 15, 2013

    EU Experts Mull VAT Reforms

    The European Commission on Friday released the final program for the seventh annual Brussels Tax Forum, a gathering of European leaders to discuss value-added tax reform and how to improve the tax's efficiency.

  • November 15, 2013

    Austria, Luxembourg To Block EU Tax Evasion Proposal

    Austria and Luxembourg announced Friday that they would block the European Union's attempt to pass new savings income rules intended to curb tax avoidance and increase transparency in international banking until Switzerland and other alleged tax havens also agreed to new reforms.

  • November 15, 2013

    EU Expands Tax Credits, Incentives For Film Productions

    International film projects in the European Union can now receive additional tax credits, thanks to new criteria adopted Thursday by the European Commission.

  • November 15, 2013

    Payroll Fraud Bill Would Crack Down On Misclassification

    Sen. Bob Casey, D-Pa., introduced a bill Tuesday that would prohibit employers from misclassifying employees as independent contractors in order to evade taxes, fair labor standards and safety protections.

  • November 15, 2013

    Cantey Hanger Adds Former Shackelford Tax Atty

    Cantey Hanger LLP on Friday announced the addition of a former Shackelford Melton & McKinley LLP tax attorney and active member of the state bar associations to bolster the firm’s business transactions and tax planning practice areas.

  • November 15, 2013

    NJ Hospital's Insurer Not Required To Cover IRS Collection

    A New Jersey appeals court ruled Friday that North River Insurance Co. does not have to defend nine hospital trustees seeking coverage for an Internal Revenue Service collection over unpaid employment taxes, saying the policy does not cover tax liabilities.

  • November 15, 2013

    Calif. Tax Regulator Unveils Sales Tax Mapping Tool

    California has a puzzling maze of sales and use taxes that differ among cities and counties and change frequently, but retailers may be able to better navigate the system through an online mapping tool released by a state regulator Wednesday.

  • November 15, 2013

    House Bill Aims To Repeal ACA 'Belly Button Tax'

    A bipartisan bill introduced Thursday would repeal the Affordable Care Act's “belly button tax,” marking Capitol Hill's latest response to the health care law as its real-world impact becomes clearer.

  • November 15, 2013

    IRS Asserts Immunity In Bank's $9M Refund Claim

    The Internal Revenue Service moved to dismiss a Washington bank's lawsuit in a D.C. district court claiming $9 million in tax refunds Friday, arguing that the IRS, the Department of the Treasury and the Federal Deposit Insurance Corp. are immune from Clark County Bancorporation's lawsuit.

  • November 15, 2013

    Female Powerbrokers Q&A: Quarles & Brady's Kim Johnson

    There are genuine gender differences in terms of how executives conduct themselves, and we female attorneys in leadership positions have been learning on the job how those differences play out in law firms, without much historical context to help us, says Kimberly Johnson, chairwoman of Quarles & Brady LLP.

  • November 15, 2013

    Female Powerbrokers Q&A: Duane Morris' Dominica Anderson

    To increase the number of women in their partner ranks, many law firms think you can simply go out and recruit more women partners — but there aren't enough to go around. The system needs to change so we are providing an environment conducive to the success of women, says Dominica Anderson, managing partner of Duane Morris LLP's Las Vegas office.

  • November 15, 2013

    Challenge To Pa. Gay Marriage Ban Beats Dismissal Bid

    The suit challenging Pennsylvania’s law banning same-sex marriage cleared a major hurdle Friday, after a federal judge in Harrisburg ruled that significant changes in due process and equal protection jurisprudence in the last 40 years barred him from granting motions aimed at having the complaint dismissed.

  • November 15, 2013

    Mo. Will Recognize Same-Sex Marriage On State Income Taxes

    Missouri will now recognize same-sex marriage for state income tax filing purposes — even though the state constitution doesn't recognize such marriages — in order to follow federal standards, Gov. Jay Nixon said Thursday.

  • November 14, 2013

    Excess Insurers Gain Another Ally On Exhaustion Question

    A Washington state appeals court on Tuesday slammed the door to excess coverage for Quellos Group LLC's $240 million tax fraud scheme because an underlying insurer did not pay full policy limits, joining a growing number of courts to strictly interpret exhaustion language despite policyholders' insistence that these terms violate public policy.

  • November 14, 2013

    NY Tax Regime In Need Of Major Overhaul, Report Says

    A New York commission on tax reform report released Thursday called on lawmakers to overhaul the state's tax system, saying the current tax regime is unfair to middle- and low-income families and needlessly confusing and burdensome for businesses.

  • November 14, 2013

    52 Lawmakers Call For Wind Production Tax Credit Extinction

    A bipartisan group of lawmakers on Thursday urged House Ways & Means Chairman Dave Camp to let the wind production tax credit expire at the end of this year, saying the provision is unnecessary and clogging the nation's already-complicated tax system.

  • November 14, 2013

    Rajaratnam's Tax Shelter Helper Wants Award Payment Help

    The creators of tax shelters that turned out to be illegal asked a New York state judge Thursday to force other lawyers and accountants to help it pay for an arbitration award against it for selling the shelters to notorious inside trader Raj Rajaratnam and others. 

  • November 14, 2013

    11th Circ. Throws Book At Convicted 'Self-Help' Tax Fraudsters

    The Eleventh Circuit on Thursday refused to reverse the convictions of a married couple and eight co-defendants involved in a $50 million "self-help" tax shelter scam, upholding a lower court's collective 46-year federal prison sentence.

  • November 14, 2013

    Federal Tax Repeal Would Lose $71B In GDP, Study Says

    Congress' consideration of a 28 percent cap on the value of both state and local tax deductions and the earned interest exclusion for municipal bonds would cut more than 417,000 jobs and slash $71 billion in real GDP over the next 10 years, according to a study by Moody's Analytics.

  • November 14, 2013

    Boehner Denies GOP Is Intent On Delaying Tax Reform

    U.S. House of Representatives Speaker John Boehner on Thursday denied reports suggesting Republicans are intent on sidelining tax reform legislation until 2014.