Pa. Justices' Philly Tax Ruling Highlights Local Control
Feds Unveil 'Foreign Entity' Guidance For EV Tax Credit
Holtec's $26M Tax Break Affirmed By New Jersey Panel
Pa. Justices' Philly Tax Ruling Highlights Local Control
A Pennsylvania Supreme Court finding that Philadelphia doesn't need to credit Delaware income tax paid against a resident's city wage tax liabilities shows that a locality's administration of its taxes can be key to determining whether state and local taxes must be analyzed together for constitutional purposes.
Feds Unveil 'Foreign Entity' Guidance For EV Tax Credit
Federal regulators released guidance Friday that would allow automakers to satisfy new trade restrictions that the 2022 climate law incorporated into the consumer electric vehicle tax credit, including sought-after proposed rules defining the foreign-entity-of-concern provision.
Holtec's $26M Tax Break Affirmed By New Jersey Panel
The New Jersey Economic Development Authority erred when it rescinded a $26 million tax break from nuclear energy giant Holtec International and said the company had misrepresented itself on a program application, a state appeals court affirmed Thursday.
Federal More
Following news of retired U.S. Supreme Court Justice Sandra Day O'Connor's death at the age of 93, current and former high court justices paid public homage to her trailblazing career, devotion to the rule of ... (more story)
The U.S. Supreme Court returns Monday for the last argument session of the calendar year to consider whether bankruptcy courts have the authority to sign off on third-party liability releases in Chapter 11 pla... (more story)
A New York judge on Friday allowed Donald Trump to call more experts in his civil fraud trial defense case, including a real estate broker friendly with the former president, but rejected Trump's attempt to pu... (more story)
A Nebraska attorney was sentenced to a year and a day in prison Thursday after pleading guilty to concealing some $2.8 million in income from the Internal Revenue Service.
A Southwestern cowgirl who will always be known as the first woman to sit on the U.S. Supreme Court, Justice Sandra Day O’Connor inspired those around her with an indomitable work ethic, a deep affection for p... (more story)
In this week's Taxation With Representation, KKR & Co. Inc. said it will buy the remaining portion of Global Atlantic Financial Group it doesn't already own, Blackstone Inc. said it had agreed to purchase Rove... (more story)
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from day 38.
State & Local More
Mich. Audit Doesn't Pause Clock For Unitary Biz's Refund Bid
The Michigan Department of Treasury's audit of two companies that were later included in a unitary business group didn't extend the statutory time limit for the entire group to request a refund, a state appeal... (more story)
An Unsound Silence: SALT In Review
From the U.S. Supreme Court's silence on an apportionment ruling to the latest assault on streaming services, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
Sandra Day O'Connor, First Woman On Supreme Court, Dies
Retired U.S. Supreme Court Justice Sandra Day O'Connor, the court's first female member, died Friday at 93, according to the court. Justice O'Connor's position at the ideological center of the court gave her o... (more story)
Calif. Justices To Hear Dems' Bid To Block Tax Ballot Measure
California's highest court agreed to consider an emergency petition by Democratic Gov. Gavin Newsom and Democratic leaders in the California Legislature to strike from the 2024 ballot a measure that would make... (more story)
Brown Rudnick Adds Tax Partner To DC Office
Brown Rudnick has added a partner to the firm's tax practice in Washington, D.C., who will specialize in tax planning in addition to mergers and acquisitions, according to the firm.
Chicago Pol Denied Mistrial Over Witness's 'Corrupt' Remark
An Illinois federal judge refused to grant former Chicago Alderman Ed Burke a mistrial Thursday after a witness described a developer's hiring of Burke's law firm as "symbolic of the Chicago way of doing busin... (more story)
NY Appeals Court Reinstates Trump Gag Orders
A midlevel New York appeals court on Thursday reinstated gag orders issued by the judge overseeing the civil fraud trial of Donald Trump and others, which prohibit the former president from speaking publicly a... (more story)
COVERAGE RECAP: Day 37 Of Trump's NY Civil Fraud Trial
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from day 37.
Trump's Bankers Testify They Saw No Fraud And Made Millions
Current and former Deutsche Bank employees told a New York state judge Tuesday and Wednesday that they raked in millions from Donald Trump's business and saw no fraud in the nine-figure loans they approved, bu... (more story)
The Michigan Department of Treasury's audit of two companies that were later included in a unitary business group didn't extend the statutory time limit for the entire group to request a refund, a state appeal... (more story)
From the U.S. Supreme Court's silence on an apportionment ruling to the latest assault on streaming services, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
Retired U.S. Supreme Court Justice Sandra Day O'Connor, the court's first female member, died Friday at 93, according to the court. Justice O'Connor's position at the ideological center of the court gave her o... (more story)
California's highest court agreed to consider an emergency petition by Democratic Gov. Gavin Newsom and Democratic leaders in the California Legislature to strike from the 2024 ballot a measure that would make... (more story)
Brown Rudnick has added a partner to the firm's tax practice in Washington, D.C., who will specialize in tax planning in addition to mergers and acquisitions, according to the firm.
An Illinois federal judge refused to grant former Chicago Alderman Ed Burke a mistrial Thursday after a witness described a developer's hiring of Burke's law firm as "symbolic of the Chicago way of doing busin... (more story)
A midlevel New York appeals court on Thursday reinstated gag orders issued by the judge overseeing the civil fraud trial of Donald Trump and others, which prohibit the former president from speaking publicly a... (more story)
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from day 37.
Current and former Deutsche Bank employees told a New York state judge Tuesday and Wednesday that they raked in millions from Donald Trump's business and saw no fraud in the nine-figure loans they approved, bu... (more story)
International More
TV Anchor Wins 9-Year Tax Fight Over BBC Employment Status
Presenter Kaye Adams was not a mislabeled BBC employee and does not owe £124,440 ($157,000) in back taxes, a tax tribunal has ruled in her nine-year dispute with HM Revenue & Customs.
Work Still Needed On Key EU Tax Files, Ministers Warn
Member countries must continue to negotiate to find agreement on key tax proposals in the European Union, with some states seeming to be far from accord more than two years after laws were proposed, a draft re... (more story)
UK Moves To Collect Unpaid Tax On Crypto-Assets
The U.K. tax authority has launched a campaign to encourage investors in crypto-assets to disclose taxes owed on capital gains — or face penalties for failing to comply.
Hopes Rise For Deal On Ownership Rules For EU Tax List
European Union member countries hope they are nearing an agreement on a beneficial ownership criterion for its process of flagging countries outside the bloc that fail to reach international standards on tax t... (more story)
UK Tax Relief On Pensions Boosts Retirement Pots By £7.4B
U.K. employers injected almost £39 billion ($50 billion) into the pension pots of workers in 2022, topped up by another £7.4 billion in government tax relief, a pensions consultancy said Thursday — but warned ... (more story)
Senate Committees Agree With House On Taiwan Tax Bill
The chairs and ranking members of the Senate Finance and Foreign Relations committees said Wednesday they've reached an agreement with House lawmakers to advance legislation that would provide double-taxation ... (more story)
Ex-Tax Pro Convicted In Fraud, May Get 22 Years, DOJ Says
A former tax preparer was convicted in California federal court for his part in a multiyear tax fraud conspiracy that cost authorities over $10 million in tax revenue, and he could serve 22 years in prison, th... (more story)
Presenter Kaye Adams was not a mislabeled BBC employee and does not owe £124,440 ($157,000) in back taxes, a tax tribunal has ruled in her nine-year dispute with HM Revenue & Customs.
Member countries must continue to negotiate to find agreement on key tax proposals in the European Union, with some states seeming to be far from accord more than two years after laws were proposed, a draft re... (more story)
The U.K. tax authority has launched a campaign to encourage investors in crypto-assets to disclose taxes owed on capital gains — or face penalties for failing to comply.
European Union member countries hope they are nearing an agreement on a beneficial ownership criterion for its process of flagging countries outside the bloc that fail to reach international standards on tax t... (more story)
U.K. employers injected almost £39 billion ($50 billion) into the pension pots of workers in 2022, topped up by another £7.4 billion in government tax relief, a pensions consultancy said Thursday — but warned ... (more story)
The chairs and ranking members of the Senate Finance and Foreign Relations committees said Wednesday they've reached an agreement with House lawmakers to advance legislation that would provide double-taxation ... (more story)
A former tax preparer was convicted in California federal court for his part in a multiyear tax fraud conspiracy that cost authorities over $10 million in tax revenue, and he could serve 22 years in prison, th... (more story)