Tax

  • January 31, 2018

    Man Cannot Nix 1970 Marijuana Tax Conviction, Court Says

    A Massachusetts federal judge on Wednesday denied a man’s attempt to vacate his 1970 conviction for not paying taxes on the transfer of marijuana, rejecting the claim that he received ineffective assistance of counsel when he pled guilty because he did not meet his burden of proof.

  • January 31, 2018

    Rio Tinto Denies Report's Claim It Avoided $700M In Taxes

    A Dutch nongovernmental organization's report that mining company Rio Tinto engaged in a scheme to avoid more than $700 million in taxes through its control of a Mongolian mine "contains a number of unsubstantiated and incorrect allegations," the company said Wednesday. 

  • January 31, 2018

    House Bill Would Make TCJA Individual Tax Cuts Permanent

    Rep. Rodney Davis, R-Ill., has introduced a bill that would make permanent the individual tax cuts enacted as part of Republicans’ recently passed tax cut legislation.

  • January 31, 2018

    The Laterals Audit: Tax Attorney Moves In January

    In the latest edition of the Laterals Audit, DLA Piper adds to its New York office, two attorneys join Ballard Spahr from Kutak Rock and Jean Pawlow joins Latham & Watkins LLP’s tax controversy practice.

  • January 31, 2018

    Fed. Circ. Revives NY Hospital's $6.6M Tax Refund Suit

    A New York hospital got closer to retrieving $6.6 million from the Internal Revenue Service after the Federal Circuit punted its lawsuit back to a lower court Wednesday, saying that previously withheld payroll taxes the hospital had to return to medical residents can be reimbursed.

  • January 31, 2018

    IRS Gets Quick Win In $7.2M Income Tax Suit

    The Internal Revenue Service may collect $7.2 million from a deceased taxpayer’s estate for unpaid income tax liabilities between 1999 and 2002 after a California federal court refused to allow the estate to offset the liability against a seizure of its assets by the U.S. Treasury Department in a separate investigation, according to an order issued Tuesday.

  • January 31, 2018

    Boeing Says GOP Tax Law Slashed $1B From Income Taxes

    Boeing Co. reported Wednesday that its income tax expense will be reduced by some $1.05 billion under the new GOP tax cut law passed by Congress in December.

  • January 30, 2018

    Trump Reaches Out To Reluctant Dems In State Of The Union

    President Donald Trump kept a spotlight on his partisan year-one achievements during his first State of the Union on Tuesday night, touting tax cuts and deregulatory actions even as he sought to reach out to reluctant Democrats on issues like infrastructure and immigration.

  • January 30, 2018

    Treasury Sanctions Ukrainian Separatist Tax Officials

    The U.S. Treasury Department has leveled sanctions against tax and finance officials associated with a Ukrainian separatist group, saying they are among those who have undermined the country’s sovereignty following Russia’s 2014 annexation of Ukraine’s Crimea region.

  • January 30, 2018

    EU Top Court Urged To OK VAT Deduction For Future Services

    An adviser to the European Court of Justice urged the court Tuesday to find that a taxpayer's deduction of value-added tax from a contract for future services was proper despite the contract's lack of a date on which the services would be provided.

  • January 30, 2018

    Conservative Groups Seek To Peg Capital Gains To Inflation

    Approximately two dozen conservative groups called on President Donald Trump and Treasury Secretary Steven Mnuchin to index capital gains to inflation, saying in a letter on Monday that the status quo leads to a tax on nonexistent income.

  • January 30, 2018

    Pfizer Expects $15B Tax Bill For Overseas Assets

    Pharmaceutical company Pfizer Inc. said Tuesday that under the new tax law passed by Congress in December, it expected to pay taxes of about $15 billion on assets stashed overseas.

  • January 30, 2018

    Rakoff Jails DMX, Calls Rapper's Conduct A 'Screw You'

    Manhattan U.S. District Judge Jed S. Rakoff jailed rapper DMX on Tuesday, calling the tax-dodging performer’s recent decision to travel to St. Louis without a drug counselor a “screw you” to a court that gave him great leeway after previous bail violations.

  • January 30, 2018

    Pa. Justices To Hear Philly Sweetened Beverage Tax Challenge

    Pennsylvania’s Supreme Court will decide the fate of Philadelphia’s controversial tax on sweetened beverages, the justices announced Tuesday.

  • January 29, 2018

    Dem Suit Challenging SALT Cap Needs New Ideas To Succeed

    An anticipated lawsuit against the new federal tax cut legislation pledged by Democratic governors is likely to be dismissed as a frivolous action aimed at courting wealthy voters unless it puts forward convincing and untested legal arguments.

  • January 29, 2018

    Trump Fla. Golf Club Fights Tax Appraisal For 5th Year

    A Florida golf club owned by President Donald Trump has challenged its property tax assessment for the fifth year in a row, claiming the property is worth less than the nearly $19.7 million appraisal despite Trump's claims elsewhere that it is worth much more than that.

  • January 29, 2018

    US Tax Changes Deal Wild Cards To State Budget Overseers

    The breadth and timing of federal tax law changes have turned the state budgeting process upside down, experts say, forcing lawmakers to attempt to quantify the impacts of a moving target but also to deal with any projected shortfall or gains.

  • January 29, 2018

    Spanish Manufacturer Challenges EU Decision Over State Aid

    A company that makes metal parts has challenged a decision from the European Commission finding that a tax credit the manufacturer received from the Spanish government ran afoul of European Union state aid law, according to a Monday filing.

  • January 29, 2018

    What’s On Attys’ Wish List For Trump’s Infrastructure Plan

    President Donald Trump is close to unveiling a long-promised infrastructure investment plan setting aside $200 billion to attract billions more in private dollars to rebuild the nation’s highways, bridges, ports and airports, but industry observers are raising questions about whether the plan will sufficiently fund infrastructure upgrades over the long term.

  • January 29, 2018

    Detroit Residents Sanctioned In Pistons Arena Funding Fight

    Michigan residents opposed to using $56.5 million in taxes to fund a new arena for the NBA's Detroit Pistons must pay sanctions for bringing "frivolous" allegations in a dropped lawsuit but won't be punished for related claims in a suit that's ongoing, a federal judge said Friday.

Expert Analysis

  • Series

    Judging A Book: Tymkovich Reviews 'Gorsuch'

    Timothy Tymkovich

    John Greenya’s new book, “Gorsuch: The Judge Who Speaks for Himself,” offers readers something the confirmation hearings did not — the backstory of Neil Gorsuch and a glimpse of who Justice Gorsuch is, says Chief Judge Timothy Tymkovich of the Tenth Circuit.

  • 4 Ways Tax Reform May Affect The Sports World

    Michael Rueda

    The Tax Cuts and Jobs Act of 2017 limits deductions on state and local income, sales and property taxes up to $10,000 per year. This new limitation may provide certain sports teams, particularly those in states like Texas and Florida, an advantage in attracting and signing talent, say Michael Rueda and David Lehn of Withers Bergman LLP.

  • Health Care Boards Face Exceptional Challenges In 2018

    Michael Peregrine

    For health system boards, recent industry developments and the extraordinary transaction activity that occurred at the end of 2017 are harbingers of the challenges ahead, says Michael Peregrine of McDermott Will & Emery.

  • Congressional Forecast: January

    Richard Hertling

    After passage of tax reform legislation, the GOP passed another temporary funding bill to avert a government shutdown before the holidays. As a result, congressional leaders again put off a resolution of a major fiscal debate over the budget, along with partisan disputes over immigration, health care and national security, say Richard Hertling and Kaitlyn McClure of Covington & Burling LLP.

  • Roundup

    5 Most-Read Legal Industry Articles Of 2017

    2017 Trends

    What business of law topics piqued reader interest in 2017? Take a look back at the year's five most-read legal industry articles from Law360 guest authors.

  • Spoliation Scrutiny: Disparate Standards For Distinct Mediums

    Robin Shah

    Two years ago, Federal Rule of Civil Procedure 37(e) was amended to provide a clearer road map for courts analyzing whether to permit sanctions for the spoliation of evidence. Yet there is still no specific guidance for when a sanctions request relates to electronically stored and nonelectronically stored information, says Skadden associate Robin Shah.

  • The Most Important State And Local Tax Cases Of 2017

    Jeffrey Friedman

    This year, states and taxpayers sought guidance from state courts on some of the most contentious state tax issues, including attacks on the physical presence nexus requirement, aggressive application of economic nexus principles and continued uncertainty around related-party addback exceptions and retroactive tax legislation, say Jeffrey Friedman and Stephanie Do of Eversheds Sutherland LLP.

  • Tax Nonfilers Face Potential Liability Under New York FCA

    Randall Fox

    A recent, little-noticed decision in the New York Supreme Court has confirmed that the tax provisions of New York’s False Claims Act apply not only to persons and companies that cheat on their tax returns, but also to those who knowingly skirt their obligations by entirely failing to file any New York tax returns, say Randall Fox of Kirby McInerney LLP and Adam Pollock of Ford O’Brien LLP.

  • Hearing The Need For More Women’s Voices In The Courtroom

    Carrie Cohen

    For many female attorneys, the results revealed in the New York State Bar Association’s recently adopted report on female litigators in the courtroom were not encouraging but not terribly surprising. Each stakeholder in the litigation process — judges, law firms and corporate clients — should contribute toward increasing female voices in the courtroom, says Carrie Cohen of Morrison & Foerster LLP.

  • Understanding The Tax Bill's Impact On Businesses

    Steven Klein

    The Tax Cuts and Jobs Act, which is set for final passage in the U.S. House on Wednesday, has many provisions related to taxation of businesses that will profoundly affect how taxpayers carry out their business and nonbusiness activity, says Steven Klein of Sher Garner Cahill Richter Klein & Hilbert LLC.