Tax

  • November 30, 2021

    High Court's Right Flank Floats Chevron Deference Overhaul

    Five conservative justices on the U.S. Supreme Court suggested Tuesday that a multibillion-dollar battle over Medicare drug reimbursement could become a vehicle for clarifying or nullifying so-called Chevron deference, a backbone of federal regulatory power and increasingly high-priority target of corporate America.

  • November 30, 2021

    Ex-Chiropractor Can't Reduce Prison Term In FBAR Case

    A former chiropractor failed to shave 374 days from his five-year sentence for evading taxes over $500,000 and failing to report over $1.5 million in foreign accounts when a federal court refused to credit his time served on other charges.

  • November 30, 2021

    Del. Justices Back Verisign's Win On Net Operating Losses

    The Delaware Supreme Court said the state Division of Revenue exceeded its authority when it disallowed Verisign Inc.'s claims of large net operating losses in 2015 and 2016, invalidating a long-standing operating loss policy.

  • November 30, 2021

    Texas Justices Mull Decryption In Sirius XM's $2.5M Tax Fight

    The Texas Supreme Court questioned during oral arguments Tuesday what role the act of decrypting Sirius XM's encrypted radio signal should play in determining whether the satellite radio company is entitled to a $2.5 million franchise tax refund.

  • November 30, 2021

    German Authorities Search Audit Firm's Offices In Fraud Case

    German authorities searched the offices of an unnamed audit firm, as well as the residences of current and former employees, as part of a wide-ranging investigation into an alleged tax fraud scheme, prosecutors in the city of Frankfurt said Tuesday.

  • November 29, 2021

    Real Estate Rumors: Pinnacle, Oxford Capital, Marquis

    A developer group that includes Pinnacle reportedly wants to rezone a Miami property and could build as many as 324 rental units there, an Oxford Capital venture has reportedly landed a $64 million loan for a Detroit hotel project and Marquis Property Co. is said to have dropped $50 million on two South Florida mobile home parks.

  • November 29, 2021

    DirecTV Asks 8th Circ. To Keep Mo. Fee Fight In Fed. Court

    DirecTV told the Eighth Circuit on Monday that a Missouri federal court improperly remanded to state court several municipalities' suit against DirecTV and Dish Network over video fee liabilities.

  • November 29, 2021

    ECJ Clears Tax Agency To Seek Info On Unnamed Biz Owners

    The European Court of Justice rejected a challenge to a tax authority's request for information on a company's shareholders, saying the agency was allowed to seek details about people that fit specific criteria instead of targeting a named individual.

  • November 29, 2021

    French Utility Co. Fights €120M Tax Order At Top EU Court

    French utility group Engie has asked the European Union's top court to overturn a decision by a lower court upholding an order by the European Commission that it should pay back €120 million ($135 million) in taxes to Luxembourg following anticompetitive arrangements.

  • November 24, 2021

    Mattel, Investors Cut $98M Deal To End Tax Misstatement Row

    A class of investors accusing Mattel and PwC of misleading them by making a $109 million income tax expense understatement and conspiring to conceal the error urged a California federal judge Wednesday to grant preliminary approval of a $98 million settlement deal.

  • November 24, 2021

    Ex-Mass. Mayor Wins Prison Delay Until After Holidays

    A former Massachusetts mayor convicted on fraud and corruption charges can delay his six-year prison sentence, a Boston federal judge ruled Wednesday, granting the disgraced politician's request for more time to help family over the holidays and assist his attorneys on his appeals.

  • November 24, 2021

    Peloton Seeks Arbitration For Members' Sales Tax Claims

    Peloton urged a New York federal judge to compel arbitration in a proposed class action claiming that the company charged sales tax on its monthly membership subscriptions in three states that don't include such digital goods in their tax bases.

  • November 24, 2021

    Sweden's Risk Tax Isn't State Aid, EU Commission Says

    A Swedish proposal to institute a risk tax on large credit institutions does not amount to an illegal state aid measure despite the claims of the country's banking lobby, the European Commission said Wednesday.

  • November 24, 2021

    Ballard Spahr's New Real Estate Chair Eyes Big Housing Push

    Ballard Spahr recently appointed its first-ever female chair of real estate, and the firm's new leader told Law360 she expects to see massive investment in affordable housing if the Senate manages to pass President Joe Biden's Build Back Better bill.

  • November 23, 2021

    Mueller Inquiry Led To Roger Stone's Tax Troubles, Court Told

    The IRS is wrongly pursuing Roger Stone over taxes he couldn't pay due to the financial strain caused by former special counsel Robert Mueller's investigation into Russian election interference, Stone told a Florida federal court in the $2 million case.

  • November 23, 2021

    Turkey Joins US-Led Pact To Scrap Digital Taxes

    Turkey joined a pledge among countries to drop their digital services taxes in a deal with the United States following the conclusion of talks by the Organization for Economic Cooperation and Development to overhaul the international tax system.

  • November 22, 2021

    Clifford Chance Builds Int'l Practice By Adding Osler Partner

    Clifford Chance announced Monday that it is bolstering its U.S and international tax, pensions and employment practice, bringing to its New York office a former managing partner from Osler Hoskin & Harcourt with extensive experience in cross-border corporate transactions.

  • November 22, 2021

    US, Turkey Settle Differences In Digital Tax Dispute

    Turkey and the United States inked a deal under which Turkey will roll back digital service taxes that largely landed on U.S. tech companies, duplicating an earlier agreement reached with a handful of European countries.

  • November 22, 2021

    3 Firms Will Lead Consolidated Mattel Suit In Chancery

    Robbins LLP, Schubert Jonckheer & Kolbe LLP and Bragar Eagel & Squire PC will lead a consolidated derivative lawsuit in Delaware Chancery Court against toy giant Mattel Inc. and its officers over $109 million in tax reporting errors for two fiscal quarters in 2017.

  • November 22, 2021

    NY Homeless Nonprofit Executive Cops To Stealing $2.4M

    The operator of a New York homeless shelter copped to raiding nearly $2.4 million from the nonprofit's coffers and failing to pay taxes on it while she and her family lived in the lap of luxury, state Attorney General Letitia James announced Monday.

  • November 19, 2021

    House Sends Biden's $1.75T Budget Plan To Senate

    The House passed President Joe Biden's $1.75 trillion domestic spending package Friday, approving a bill that would raise taxes on wealthy Americans and big corporations to pay for new or expanded tax incentives for child care, renewable energy and health care.

  • November 19, 2021

    Blackstone Makes New $6.2B Play For Crown Resorts

    Blackstone Group on Friday made a fresh offer to buy Crown Resorts valued at roughly AU$8.5 billion ($6.2 billion), an announcement that comes not long after Australian regulators determined Crown can retain a license to operate casinos despite alleged tax and money laundering issues. 

  • November 18, 2021

    Reps. Push To Amend Crypto Reporting In Infrastructure Law

    Lawmakers in the U.S. House of Representatives on Thursday introduced a bill to narrow language in the recent bipartisan infrastructure law to capture fewer digital asset operations in the newly adopted tax reporting requirements.

  • November 18, 2021

    Ex-Mass. Mayor Should Be Jailed For Holidays, Feds Say

    Federal prosecutors said Thursday it's time for a convicted Massachusetts mayor to start serving prison time for his years of fraud, urging a judge to deny the 30-year-old former politician's request to delay the sentence so he can help his family's restaurant sling $100 steaks to holiday patrons.

  • November 17, 2021

    Casino Concert Tickets Not Taxable, Pa. Justices Rule

    Concert tickets given away as perks to slot machine players at a Pennsylvania casino are "personal property" and thus not taxable as part of the casino's revenue, the Pennsylvania Supreme Court ruled Wednesday, upholding a lower court decision.

Expert Analysis

  • What The New OECD Double-Tax Procedure Statistics Tell Us

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    Monique van Herksen and Clive Jie-A-Joen at Simmons & Simmons consider the Organization for Economic Cooperation and Development’s recent report on double taxation cases resolved in 2020 under the mutual agreement procedure process, and examine whether the process has improved dispute resolution mechanisms since its implementation five years ago.

  • Without Leadership Buy-In, Law Firm DEI Efforts Stand To Fail

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    A law firm's diversity, equity and inclusion strategies need the full attention and support of its top leadership to succeed, and requiring the firm's key decision makers to join the DEI committee can make the difference, says Noble Allen at Hinckley Allen.

  • Ohio Tax Talk: Property Tax Bill May Affect School Revenues

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    A bill pending in the Ohio Legislature proposing changes to the real property tax valuation process could lead to a decrease in school district challenges to property tax adjustments — and therefore a dip in the school districts' property tax revenues, says Yazan Ashrawi at Frost Brown.

  • Series

    Confronting Origination Credit: Self-Advocacy Tips For Attys

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    Female lawyers and lawyers of color have historically not been privy to the rules of the origination credit game, but they can employ various strategies to increase the chances of receiving the credit they are due, such as enlisting allies for support and tracking inequity patterns, says Marianne Trost at The Women Lawyers Coach.

  • A Real-World Guide To Staying Discovery In Federal Court

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    Pleas for stay of discovery under the Federal Rules of Civil Procedure are often rejected when motions to dismiss are pending due to a tenacious tangle of case law, imposing financial and administrative burdens on parties, but some unambiguous rules of thumb can be gleaned to maximize the chances of a discovery stay, says Amir Shachmurove at Reed Smith.

  • How To Draft Earnouts That Avoid Post-Closing Disputes

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    The recent Delaware cases of Pacira BioSciences v. Fortis Advisors and Shire v. Shareholder Representative Services illustrate the importance of drafting earnouts with appropriate specificity and clarity to avoid post-closing disputes and litigation, say attorneys at Fried Frank.

  • Heed These Rules, Or Risk Your Argument On Appeal

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    Failing to meet the scattered requirements for appellate preservation can have dire consequences, so litigants must understand the relevant briefing rules, the differences between waiver and forfeiture, and the four components of a pressed argument in order to get their case fully considered on appeal and avoid sanctions or dismissal, says Michael Soyfer at Quinn Emanuel.

  • What To Include In Orders Governing Remote Arbitration

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    When conducting remote arbitration, attorneys should negotiate written orders that spell out clear rules on technology accommodations, document handling, witness readiness and other key considerations to ensure parties' rights are protected and the neutral's time is not wasted, say Matthew Williams and Christina Sarchio at Dechert.

  • Series

    Embracing ESG: CBRE GC Talks Effective Compliance Emails

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    Good corporate governance requires communicating expectations for ethical conduct, but compliance emails need not be overly technical — a relatable story told in simple language with humility and respect can create internal communications that drive home the message, says Laurence Midler at CBRE.

  • The Hazards Of Female Lawyers Being 'Office Moms'

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    Female attorneys are frequently credited with being the "office moms" who do critical but undervalued work — from bringing birthday cakes to serving on diversity committees — but as lawyers return to offices, now is a good time for employers to rectify the gender imbalance that disadvantages women, say Ninth Circuit Judge Margaret McKeown and Fine Kaplan partner Roberta Liebenberg.

  • Discovery Immunity For Draft Expert Reports Lacks Clarity

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    Court rulings on whether — and when — drafts of expert reports are immune from discovery have been inconsistent, so the Federal Rules of Civil Procedure should be amended to better distinguish between draft and final expert reports, say attorneys at Lowenstein Sandler.

  • What Latest Build Back Better Draft Means For Green Energy

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    The House Rules Committee's most recent draft of the Build Back Better Act would be a game changer for renewable energy, with numerous updates to investment and tax policies affecting green power projects — but stakeholders must factor in the possibility of more changes to the bill before enactment, say attorneys at Troutman Pepper.

  • A Phased Approach To In-House Legal Tech Adoption

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    In-house legal departments that adopt new technologies too quickly often face frustration or failure, so to help ensure a smooth transition, companies should consider a multistep approach, depending on where they stand with respect to modernizing legal processes, says Tariq Hafeez at LegalEase Solutions.

  • Series

    Confronting Origination Credit: How Firms Can Redo Policies

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    To promote a more diverse and equitable workforce — not to mention better teamwork and higher profits — law firms must tackle common misconceptions about origination credit and design compensation systems that reflect four critical concepts about client relationships, says Blane Prescott at MesaFive.

  • How To Comply With ABA's New Language Access Guidance

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    Considering the American Bar Association's recent language access guidance for lawyers working with clients with whom communication is impeded, attorneys should carefully navigate social and cultural differences and take steps to maintain professional obligations, say Hilary Gerzhoy and Deepika Ravi at Harris Wiltshire.

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