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Tax

  • October 16, 2018

    Mayer Brown Adds NY Tax Partner For Fund Practice

    Mayer Brown LLP announced Monday that a tax attorney experienced in fund formation was joining the firm as a partner in its New York City office.

  • October 16, 2018

    Ex-Foley & Lardner Atty Suspended 2 Years For Faked Docs

    The Wisconsin Supreme Court on Tuesday suspended for two years a former partner at Foley & Lardner who admitted to falsifying backdated documents during an Internal Revenue Service audit of a client's trust.

  • October 16, 2018

    OECD Tax Chief Hopes For Deal On Digital Tax In Few Months

    Pascal Saint-Amans, the Organization for Economic Cooperation and Development's director of tax policy, expressed optimism Tuesday that a task force charged with creating recommendations on how to deal with digital tax issues would agree on "some form of recommendation" in the next few months. 

  • October 16, 2018

    W.Va. Urges High Court To Affirm Retirement Tax Finding

    West Virginia did not violate the doctrine of intergovernmental tax immunity in exempting some state law enforcement officers’ retirement benefits from taxation but not those of federally employed retirees with similar duties, the state’s top law enforcement officers told the U.S. Supreme Court Tuesday.

  • October 16, 2018

    NJ Hospital, Jersey City Reach $4.9M Deal Over Property Tax

    A New Jersey hospital has agreed to settle a dispute over its property tax exemption in exchange for paying Jersey City $4.9 million over an eight-year period.

  • October 16, 2018

    Bill Would Let Employers Pay Down Student Debt Tax-Free

    U.S. workers could get help paying off their student loan debt under a Senate proposal that would allow employers to contribute thousands of dollars a year tax-free toward their employees’ student loan repayments.

  • October 16, 2018

    The Path To Becoming A Supreme Court Advocate

    A look at the careers of attorneys who have dominated oral advocacy at the U.S. Supreme Court over the last decade shows a similar path for men and women, with a few key differences. Here’s how the top 10 male and female advocates stack up.

  • October 16, 2018

    Greenspoon Marder Adds Atty For NY Cannabis Tax Practice

    Greenspoon Marder LLP is expanding its New York tax practice by adding a partner experienced in general corporate and real estate tax to help the firm with its new cannabis practice.

  • October 16, 2018

    Dutch To Keep Dividend Tax, Cut Corporate Rates

    The Netherlands will abandon controversial plans to scrap its 15 percent levy on corporate dividends and instead spend €1.9 billion ($2.2 billion) on company tax cuts to boost investment, the government announced Tuesday.

  • October 16, 2018

    Energy Policy Goes To The Polls In Western US States

    A carbon tax in Washington and renewable energy mandates in Arizona and Nevada are part of a "green wall" of ballot initiatives in western U.S. states that could have significant impacts on the energy sector, experts say. Here, Law360 highlights major energy-related state referendums headed to the polls in November.

  • October 15, 2018

    Diamond Dealer Sued By IRS For $88M, Blames Dad's Attys

    A Brooklyn diamond heir and one-time business partner of Ivanka Trump responded on Monday to a criminal case alleging he participated in a $60 million tax fraud, saying in a self-written response that the charges against him “are built on a mistaken narrative.”

  • October 15, 2018

    Gender Disparity At The High Court: How Top Law Firms Measure Up

    For the women at elite law firms, an enduring gender gap among advocates can create a high hurdle for their high court ambitions. Here, Law360 looks at the law firms where women score Supreme Court arguments, and where they don’t.

  • October 15, 2018

    Cos. Hope For Easy Way Out Of Employee Stock Option Rules

    Burdensome requirements of a new program allowing eligible employees to defer tax on the exercise of certain employee stock option programs have many companies hoping the Internal Revenue Service will provide an easy out in forthcoming guidance.

  • October 15, 2018

    Pittsburgh's 'Welcome, Stranger' Tax Appeals Contested

    Pittsburgh Public Schools’ “welcome to the neighborhood” policy of appealing property tax assessments for recent residential home sales violated a recent Supreme Court of Pennsylvania ruling barring selective assessment appeals, the attorney for a proposed class action argued before a Commonwealth Court panel Monday.

  • October 15, 2018

    Calif. Law Allows Remote Sellers Tax Collection, Agency Says

    California’s existing “long-arm” nexus statute provides sufficient authority for the nation’s most populous state to move forward with remote seller provisions, the head of one California tax agency said Monday.

  • October 15, 2018

    Supreme Court Passes On Calif. Water Rights Fee Battle

    The U.S. Supreme Court on Monday declined to review the constitutionality of an annual fee imposed by California’s water control board on water right permit and license holders, leaving undisturbed a state appellate court holding that the fees do not violate the Constitution’s supremacy clause.

  • October 15, 2018

    Mass. Restaurant Owner Gets 1 Year For False Tax Returns

    The owner of a counter-service restaurant in Salem, Massachusetts, was sentenced to a year and a day behind bars in federal court Monday after pleading guilty in July to failing to report almost $1 million in income to avoid paying hundreds of thousands of dollars in taxes.

  • October 15, 2018

    High Court Won't Hear Tribe's Tax Arbitration Case

    The U.S. Supreme Court on Monday declined to take up the Citizen Potawatomi Nation’s bid to restore a $27 million arbitration victory against Oklahoma involving an alcohol sales tax exemption that was struck down by the Tenth Circuit.

  • October 15, 2018

    Allstate Hit With Pa. Suit Over Car Loss Tax Exclusion

    The Allstate Corp. is facing class claims in Pennsylvania state court accusing the insurer of failing to meet its statutory obligation to include sales tax in its calculation of how much it should pay in compensation for totaled vehicles.

  • October 15, 2018

    French Gov't Agrees To Cut Corporate Patent Tax To 10%

    French ministers agreed to cut taxes on corporate patent income to 10 percent Monday as part of a wider overhaul to align the country’s research incentives with global norms.

Expert Analysis

  • Opinion

    Skip The New 'Civility Courses' And Think Like A Lawyer

    Alex Dimitrief

    As we watch what passes for political discourse in our nation’s capital, it’s understandable that universities are launching programs on how to cope with ideological disputes. But our country needs fewer people who profess to be open-minded and more people who engage in and honor the conclusions of reasoned debates, says Alex Dimitrief of General Electric Co.

  • 6 More Recommendations For Improving FATCA Compliance

    Rusudan Shervashidze

    This summer the U.S. Department of Treasury inspector general for tax administration issued a final audit report on Foreign Account Tax Compliance Act enforcement, concluding that after spending nearly $380 million, the IRS is still not prepared to enforce compliance. Rusudan Shervashidze and Nina Krauthamer of Ruchelman PLLC discuss the inspector general's recommendations and the IRS response.

  • Why Law Firms Should Monitor The Dark Web

    Anju Chopra

    Dark web monitoring allows law firms to see what sensitive information may have made its way onto the thriving global underground marketplace where cybercriminals buy and sell exposed data. It can also help lawyers advise clients on a wide range of legal and business matters, say Anju Chopra and Brian Lapidus of Kroll.

  • Does Rule 45 Protect Nonparties From Undue Burden?

    Matthew Hamilton

    Interpretations of Rule 45 protections vary but what's clear is that "undue burden" does not mean no burden at all. To avoid the costs of compliance with a subpoena, a nonparty should be ready to demonstrate its disinterest in the litigation and the anticipated cost and burden of compliance, say attorneys at Pepper Hamilton LLP.

  • 5.5 Ways To Remove GILTI From Your State Tax Base

    Zal Kumar

    In many states, the lack of specific guidance addressing the inclusion of global intangible low-taxed income, or GILTI, is causing concern that GILTI will be includible in the state tax base. Attorneys from Mayer Brown LLP highlight several possible avenues for removing GILTI from the state tax base.

  • The Substantial Substantiation Rules For Code Section 170

    Bryan Camp

    The recent case of Estelle C. Grainger v. Commissioner of Internal Revenue teaches an important lesson about how difficult the substantiation rules in Internal Revenue Code Section 170 can be for large-dollar noncash charitable contributions, says Bryan Camp, a professor at Texas Tech University School of Law.

  • Some Safe-Harbor Provisions Remain In New Ill. Use Tax Rule

    Emily Fiore

    Illinois law requiring remote sellers with no physical presence in Illinois to register and collect use tax on sales goes into effect on Oct. 1, 2018. Emily Fiore of Akerman LLP discusses further guidance on the state’s new economic nexus statute.

  • NY Tax Minutes: September

    Timothy Noonan

    In the latest installment of their monthly column, Timothy Noonan and K. Craig Reilly of Hodgson Russ LLP revisit the ongoing battle over the SALT deduction cap, note the importance of taxpayer testimony in domicile cases, address nonaudit-related legal challenges facing taxpayers and review New York City’s better-late-than-never guidance on repatriated income.

  • Empowering ESOPS: Effective Moves To Employee Ownership

    Lise Stewart

    The Main Street Employee Ownership Act of 2018 has been heralded as a breakthrough in extending the benefits of employee stock ownership plans, or ESOPs, to more small business owners and employees. But for the new law to be truly effective, certain ingredients will be essential, says Lisë Stewart of EisnerAmper LLP.

  • Defining Qualified Business Income In Life Settlement Industry

    Brian Casey

    In August, the IRS proposed regulations for the new Internal Revenue Code Section 199A, which includes good news for insurance agents and brokers. Attorneys with Locke Lord LLP examine whether that good news will carry over to participants in the life settlement industry.