A Pennsylvania construction contractor cannot claim exceptions on more than $2 million in sales and use taxes after a state appellate court ruled Wednesday that the road signs the company installed do not qualify as exempt building machinery and equipment.
The European Court of Justice on Wednesday set aside a lower court’s decision on tax breaks granted to Spanish companies on their foreign holdings when it found that these tax breaks constituted illegal state aid.
The Pennsylvania Superior Court on Wednesday upheld a decision affirming Range Resources has rights to more than 2,800 acres of subsurface gas in Lycoming County, concluding the landowner who leased the rights to the company properly acquired them via a 1932 tax sale.
Europe’s largest budget airline, Ryanair, and Aer Lingus are on the hook for millions of dollars in Irish taxes on air travel, after the European Union’s top court affirmed Wednesday that the companies benefited from illegal state aid for short-haul flights.
The Indiana Tax Court on Tuesday handed a win to Orbitz LLC in its challenge to the state’s tax assessment, finding that the online travel company did not have to collect taxes based on the retail rate of Indiana hotel rooms because Orbtiz is not a retail merchant.
A Texas federal judge on Tuesday temporarily denied a bid from creditors for the heir to the Hunt Petroleum Corp. dynasty for $10.5 million in potential gift tax refunds in connection with a family dispute over trusts, finding that the refund at issue is speculative.
The Michigan Court of Appeals on Tuesday kept in line with earlier court rulings in finding that a multistate tax compact was not a binding contract, rejecting Solo Cup Operating Corp.’s challenge to Michigan’s decision to withdraw from the accord.
Treasury Secretary Jacob Lew warned the incoming Trump administration on Tuesday that it will have to either cut spending or raise taxes if it makes economic decisions that widen the fiscal deficit.
Chevron, ConocoPhillips, ExxonMobil and Forest Oil lost their bid for a $500 million production tax refund when the Alaska Supreme Court recently ruled that the state revenue department could reach a common-sense interpretation of the relevant tax statute without issuing new regulations.
A Canadian aluminum mining company scored a partial win on tax deductions for more than CA$97 million ($72.66 million) in expenses related to a corporate restructuring after the Tax Court of Canada ruled that a substantial portion of fees paid to advisers qualify as deductible ongoing expenses.
Colorado Gov. John Hickenlooper has asked a federal judge to toss a challenge to the state’s Taxpayer Bill of Rights, arguing that the none groups behind the lawsuit — citizens, educators and political subdivisions — can show concrete injury traced back to the bill.
A Doar Rieck DeVita Kaley & Mack partner can’t shake an income tax deficiency notice and related $28,000 penalty, the U.S. Tax Court ruled Monday, rejecting the attorney’s contention that he didn’t have to report income he used to cover his firm’s expenses.
A California judge on Monday rejected KPMG's bid for a quick win in billionaire Ron Burkle's $10 million suit alleging the accounting firm led him to invest in tax shelters the state rejected, ruling there are disputed facts about when KPMG knew it was giving bad advice.
The U.S. Department of Transportation on Sunday urged a federal court to deny two Florida counties' motions for hastened jurisdictional discovery in a challenge to the DOT's approval of $1.75 billion in tax-exempt bonds for a Miami-to-Orlando passenger railroad, saying they haven’t proved the additional discovery is appropriate.
More than 70 percent of chief financial officers polled by Deloitte LLP said that President-elect Donald Trump’s proposed tax plan would be good for their companies, while the results were more mixed on whether the plan would be good for the country, according to survey results released Monday.
U.S. companies that rely on imports will “have to adjust” to a House Republican plan that would boost taxes on those goods while lessening the burden on exports, the chairman of the House Ways and Means Committee said Sunday.
A U.S. Tax Court judge sided with the Internal Revenue Service Monday in upholding tax liability against a small medical device company trying to hold on to a cash grant for investing in medical research, a grant the judge said it wasn't certified to receive.
Laser eye surgery equipment maker Lensar Inc. filed for Chapter 11 protection in Delaware late Friday, about a month after settling a patent fight with federal research facility Lawrence Livermore National Laboratory and hoping to preserve roughly $100 million in net-operating-loss tax assets for its restructuring.
The Standing Rock Sioux Tribe’s lawsuit and protests over the Dakota Access pipeline dominated headlines in the latter half of 2016, but a D.C. Circuit ruling on the government’s land-into-trust process and U.S. Supreme Court decisions on tribal court authority, taxation and the use of tribal convictions in federal domestic violence prosecutions also made major marks this year.
Philadelphia’s controversial tax on sugar-sweetened beverages survived its first major legal challenge on Monday when a trial judge agreed to dismiss a lawsuit claiming that the levy improperly usurped the state’s taxation authority.
According to a recent study on the prevalence of attorney addiction and mental health concerns, more than one-third of practicing attorneys in the U.S. qualify as problem drinkers and 28 percent struggle with depression. While change in large law firms can be slow, there is a lot firms can do to navigate situations where an associate’s performance may be impaired, says Stacey Saada Schwartz, a former litigator and Los Angeles-based... (continued)
The outcome of QinetiQ U.S. Holdings Inc. v. Commissioner could have far-reaching implications if the Fourth Circuit accepts the taxpayer’s Administrative Procedure Act argument. A holding that the APA requires that notices of tax deficiency contain more explanation could add to the workload of an already log-jammed and thin-staffed IRS, say members of McDermott Will & Emery.
Lawyers often use analytics in the course of an e-discovery review for production, where these tools help them assign documents into buckets such as “relevant” or “privileged.” Increasingly, lawyers are using analytics to see if there is anything unusual within the collection and if there are stories the documents can tell, say Thomas Gricks, Bayu Hardi and Mark Noel of Catalyst Repository Systems.
The clarion call from the top of Corporate America over the past several years to its workers to do more with less, eliminate redundancy, and work cooperatively across disciplines toward the goal of corporate profitability is reaching BigLaw, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp.
In Specht v. United States, the Sixth Circuit upheld penalties for failure to timely file and pay estate tax. This case presented a terrible set of circumstances for the executor, but is a good example of how difficult arguing the reasonable cause exception to delinquency penalties can be, if the delinquency was based on relying on an attorney to file, says Stephen Olsen of Gawthrop Greenwood PC.
For young trial associates who want to evolve into young trial lawyers, getting the necessary experience is increasingly challenging. The only surefire way associates can become first chair advocates is through effective mentoring, and the best way to achieve effective mentoring is to incorporate it in your approach to cases, say Stephen Crain and Drew Taggart of Bracewell LLP.
Compensation isn't what it used to be — and never will be again, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp.
In part 3 of this series on law firm evolution, Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp., addresses the problem of ad hoc client development and the challenge of associate training.
It is natural in an environment like the White House, particularly for lawyers who have an active interest in public life, to wish to be in every conversation, on any topic, of general interest or major importance. It is a trap, says Perkins Coie LLP partner Robert Bauer, who served as White House counsel for President Barack Obama.
Despite the fact that many corporate clients are demanding deviations from the billable hour, and the fact that there are more varieties of alternate fee arrangements than ever before, the billable hour is still here. But it is gasping for breath, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp.