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June 23, 2026
The U.S. government told a Florida federal court there was "abundant" evidence to convict a political consultant of knowingly failing to register as a foreign agent as she helped draft a $50 million contract involving a former congressman and Venezuela's state-owned oil enterprise.
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June 23, 2026
Delaware's Chancery Court on Tuesday approved a $29.5 million settlement ending a derivative suit that accused a private equity firm of structuring a transaction that benefited it at Chewy Inc.'s expense, noting an independent special litigation committee had uncovered potentially valuable claims and determined a settlement was the better path forward.
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June 23, 2026
The second phase of a system for importers to claim refunds for tariffs struck down by the U.S. Supreme Court will become available June 29 for certain entries that have been subject to the reconciliation process, U.S. Customs and Border Protection announced Tuesday.
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June 23, 2026
Franklin Templeton's Putnam Funds failed to disclose accounting practices that led to inflated net asset value calculations and saddled investors with higher costs, according to a proposed $100 million class action filed in Massachusetts state court.
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June 23, 2026
A Maryland federal judge has elaborated on her decision to deny SCOTUSblog founder Tom Goldstein's bid for an acquittal or new trial, saying that the evidence presented at trial either supersedes or invalidates his claims of issues with jury instructions and insufficient or excluded evidence.
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June 23, 2026
The United Kingdom is aiming to modernize its tax system on distributions, including by aligning the treatment of dividends from foreign companies with domestic companies, the government said Tuesday.
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June 23, 2026
The U.K. is planning to restore capital gains tax deferral treatment on gifts of business assets covered by the country's substantial shareholding exemption or intangible fixed asset regime, the government said Tuesday.
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June 23, 2026
HM Revenue & Customs is considering a plan to require customs intermediaries to register with the agency for the purposes of raising standards, it said Tuesday while also looking for general input on modernizing the U.K. customs regime.
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June 23, 2026
Online marketplaces would be tasked with accounting for value-added tax on the sales they facilitate for U.K. businesses selling domestic goods to U.K. consumers rather than the underlying business itself, according to a set of reforms proposed Tuesday by the government.
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June 23, 2026
A Michigan county did not violate the U.S. Constitution when it took the title of a home over a tax debt, then sold the home at a low price and refunded only that amount to the homeowner, the U.S. Supreme Court ruled Tuesday, agreeing with the Sixth Circuit on merits but remanding the case back to that court to address procedural questions.
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June 22, 2026
A World Trade Organization committee held a meeting Monday to exchange views on President Donald Trump's temporary global tariff set to expire in July, according to a news release.
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June 22, 2026
The U.S. Supreme Court declined on Monday to review a woman's challenge against the Internal Revenue Service over the period in which the agency can assess taxes on a taxpayer when a fraudulent third party triggers the liability.
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June 22, 2026
The U.S. Department of Justice refused to file a declaration stating it won't create a $1.8 billion settlement fund as part of the deal to close President Donald Trump's tax leak suit against the Internal Revenue Service, telling a Virginia federal judge it is "unnecessary."
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June 22, 2026
Rhode Island authorized the waiver of interest on overdue taxes for commercial properties under a bill signed by the governor.
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June 22, 2026
The U.S. is only partially compliant with its obligations to ensure the availability of beneficial ownership information, weighed down by its "deficient" definition of beneficial owners in tax filings, the OECD said in a report.
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June 18, 2026
Comedian Carlos Mencia is facing felony tax evasion charges after California prosecutors say he failed to report $8.7 million in personal and corporate income, the Los Angeles County District Attorney's Office announced Thursday.
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June 18, 2026
Supporters of a referendum that calls for a 5% tax to be levied once on the wealth of California billionaires have collected enough signatures to get their measure on the November ballot, California's secretary of state said.
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June 18, 2026
The Pennsylvania Supreme Court's recent ruling that skill games are subject to the same oversight as slot machines is a catalyst for lawmakers to craft a taxation and regulation framework and fuel a revenue boost Gov. Josh Shapiro has envisioned for years, experts tell Law360.
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June 18, 2026
Luxembourg correctly exempted securitization companies from the interest limitation rule under the European Union's anti-tax avoidance directive because they are comparable to financial undertakings that are explicitly exempted, an adviser to the European Court of Justice said Thursday.
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June 18, 2026
North Carolina would allow local governments to create specialized districts and provide significant tax exclusions for developers to incentivize new property improvements under a bill now on the governor's desk.
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June 18, 2026
The IRS, in increasing Meta's income under the periodic adjustment rule for years 2017-2019, is seeking a "do-over" of the Facebook case decided in 2025, valuing the same intangibles the U.S. Tax Court already valued under a different method, Meta argued.
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June 18, 2026
Delaware would require accommodations intermediaries to collect short-term rental tax for municipalities under a bill introduced in the state House of Representatives.
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June 18, 2026
Trump accounts, the new tax-advantaged brokerage accounts for newborns, will generally not be considered employee pension benefit plans and will not be subject to federal benefits laws, according to guidance issued Thursday by the U.S. Department of Labor.
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June 18, 2026
A New Jersey tenant appealing the property tax assessment of a legacy data center is not required to provide the township with a detailed methodology of its assessment challenge prior to the case's trial, the state Tax Court ruled.
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June 18, 2026
A proposal to cut Massachusetts' income tax rate from 5% to 4% over three years was blocked from the November ballot by the state's top court Thursday, which said it contained significantly misleading information.