Featured Stories

Talk Of Int'l Wealth Tax Fuels Debate On UN Vs. OECD

Discussion of an international tax on the world's wealthiest individuals has intensified a debate about whether in... (more story)

As DA Aims High, Trump Defense Gets 'Down And Dirty'

Donald Trump lifted the curtain Monday on his strategy to win over jurors in his New York criminal hush-money tria... (more story)

Dispute Over Taxing Business Inputs Snares Va. Lawmakers

Whether businesses should be taxed as they move products through the supply chain has been vexing for those follow... (more story)

Federal More

4 Ways To Refresh Your Law Firm's Marketing Strategy

With many BigLaw firms relying on an increasingly obsolete marketing approach that prioritizes stiff professionalism over authentic connection, adopting a few key communications strategies to better connect wi... (more story)

Biz Ownership Law Constitutional, Lawmakers Tell 11th Circ.

The Corporate Transparency Act is a garden-variety exercise of Congress' powers to address threats to national security, foreign affairs, commerce and tax collection, five Democratic lawmakers told the Elevent... (more story)

DC Circ. Backs Tax Penalties Against Swiss Couple

A Swiss couple who incurred $500,000 in penalties for failing to report millions of dollars they held in Swiss bank accounts can't get out of paying, the D.C. Circuit ruled Tuesday, rejecting their argument th... (more story)

Migrant-Hiring Crimes And Tax Evasion Get Pair Prison, $1.8M Fine

A Florida federal judge has ordered two men to pay $1.8 million to the U.S. government and sentenced them to three years in prison after they confessed to recruiting migrants without employment authorization a... (more story)

Tomato Cos. Ask 9th Circ. To Allow Immediate Cost Deduction

Two companies that supply 40% of U.S. tomato paste and diced tomatoes asked the Ninth Circuit to allow deduction of their facilities' restoration costs during the tax year in which the tomatoes are processed, ... (more story)

Atty Can Deduct $303K In Racing Ad Costs, 10th Circ. Told

A Colorado attorney asked the Tenth Circuit to reverse a U.S. Tax Court decision that prevented him from deducting $303,000 in advertising expenses tied to his automobile racing, saying the lower court incorre... (more story)

Feds Want About 3 Years In Prison For LA Bank Embezzler

The former chief financial officer at a community bank in Los Angeles should spend nearly three years in prison after admitting he embezzled more than $700,000 and used employee identities in a life insurance ... (more story)

State & Local More

4 Things Attys Should Know About NJ's $56B Spending Plan

New Jersey Gov. Phil Murphy has crafted a spending plan that furthers his vision of the state as an innovator in offshore wind and artificial intelligence, while drawing pushback for a proposed corporate trans... (more story)

Consider 2 Alternative Exit Plans In RE Distress Scenarios

In the face of an impending wave of foreclosures, lenders and borrowers alike should consider two exit strategies — deed-in-lieu of foreclosure and consent foreclosure — that can mitigate potential costs and d... (more story)

Mich. Tax Rate Cut Was Temporary, Dept. Tells State Justices

The Michigan Department of Treasury said a state appeals court correctly determined that a cut in the state income tax rate was effective for only one year and urged the state Supreme Court to deny an appeal f... (more story)

Utah Justices Won't Boost Delta Aircraft Valuation

Utah's most populous county failed to show that a state law for valuing aircraft undervalued property belonging to Delta Air Lines and violated the state constitution, the state Supreme Court ruled.

Dentons Adds Ex-Jones Walker SALT Atty To Ala. Office

Dentons Sirote said it has added a state and local tax shareholder who was previously a partner at Jones Walker LLP to the tax practice in its Birmingham, Alabama, office.

Seattle Property Owners Can't Use COVID To Stop $160M Tax

A Washington appeals court said on Monday that Seattle can keep a $160 million property tax to pay for waterfront improvements, in an opinion that rejected an argument that diminished property values after COV... (more story)

Pepperidge Farm Says P.L. 86-272 Bars Ill. Tax On NJ Affiliate

Pepperidge Farm asked the Illinois Independent Tax Tribunal to vacate a roughly $944,000 corporate tax assessment, arguing that P.L. 86-272 shielded an out-of-state affiliate's sales-related activities from Il... (more story)

Colo. Sales Tax Can't Touch Netflix Subscriptions, Judge Says

A Colorado judge has sided with Netflix Inc. in a fight with the state over whether its streaming service subscriptions are subject to sales tax, finding that because the subscriptions can't be physically touc... (more story)

NY Creates New Affordable Housing, Conversion Tax Breaks

Developers in New York City could qualify for new property tax abatement programs for building affordable housing and converting office buildings into affordable housing units under the New York state budget t... (more story)

International More

Ex-England Footballer Banned As Director For Unpaid Tax

Former England football international John Barnes has been banned from being a company director after his business failed to pay more than £190,000 ($236,000) in tax, a U.K. government agency announced on Wednesday.

EU Keeps Gibraltar, Panama, UAE On AML Blacklist

Gibraltar, Panama and the United Arab Emirates should remain on the European Union's blacklist of high-risk countries for money laundering, the European Parliament said, stopping the EU from following the lead... (more story)

Tax Experts Want Cut To Healthcare Insurance Levy

Tax experts on Tuesday urged the U.K. government to partially suspend a levy on healthcare insurance products, after it revealed record premium tax revenue of £8.1 billion ($10.1 billion) last year.

Scotiabank Fights To Keep Peru VAT Claim Alive

The Bank of Nova Scotia urged the World Bank's international arbitration institution in recently released documents not to dismiss the arbitration of its value-added tax dispute against Peru, saying the case r... (more story)

Trader Behind £1.4B Tax Fraud Thought Trades Were Valid

A British trader accused of being the mastermind of a fraudulent trading scheme that cost Denmark's tax authority £1.4 billion ($1.7 billion) genuinely believed that the trades worked, his lawyer told a London... (more story)

UN Should Eye Unitary Taxes, DSTs For Tax Pact, Report Says

Governments should use the United Nations tax convention as an opportunity to advance the overhaul of nexus away from transfer pricing and toward formulary apportionment, including digital services taxes, to a... (more story)

IRS Previews New Digital Assets Reporting Form

The Internal Revenue Service released a draft of a form brokers will have to use for the first time to disclose their digital asset sales to the agency, including instructions for taxpayers whose transactions ... (more story)