EU Parliament Draft Scraps Pillar 2 Exemption In Tax Info Bill
A report from a member of the European Parliament would remove an exemption for Pillar Two companies in a tax data bill that is in the European Union's legislative pipeline.
IRS Says Donor Disclosure Rule Is Key To Tax Compliance
The Internal Revenue Service's nonprofit donor disclosure rule doesn't violate the First Amendment, the agency told a D.C. federal court, arguing the rule promotes voluntary compliance from nonprofits through information reporting requirements.
Colo. Chamber Can't Join Tax Plan Challenge, Court Says
A court Thursday denied the request of the Colorado Chamber of Commerce to intervene in suit alleging that a proposal to replace the state's flat income tax rate with a graduated system failed to gather the signatures needed to reach the November ballot.
EU Parliament Draft Scraps Pillar 2 Exemption In Tax Info Bill
A report from a member of the European Parliament would remove an exemption for Pillar Two companies in a tax data bill that is in the European Union's legislative pipeline.
IRS Says Donor Disclosure Rule Is Key To Tax Compliance
The Internal Revenue Service's nonprofit donor disclosure rule doesn't violate the First Amendment, the agency told a D.C. federal court, arguing the rule promotes voluntary compliance from nonprofits through information reporting requirements.
Colo. Chamber Can't Join Tax Plan Challenge, Court Says
A court Thursday denied the request of the Colorado Chamber of Commerce to intervene in suit alleging that a proposal to replace the state's flat income tax rate with a graduated system failed to gather the signatures needed to reach the November ballot.
Federal More
A Pennsylvania federal court won't sanction tax software company Avalara Inc. for destroying evidence in an employee poaching suit brought by a rival, as the judge adopted a special master's findings that the ... (more story)
The Trump administration's new data-driven and artificial intelligence-enabled push against tariff evasion raises the stakes for companies with global supply chains, making it crucial that they consider streng... (more story)
The U.S. Tax Court improperly concluded that a Texas woman narrowly missed a statutory filing deadline in seeking innocent spouse relief on federal income taxes and shouldn't have dismissed her case, she told ... (more story)
Democratic senators called on Meta CEO Mark Zuckerberg to explain why he's justifying the use of billions in federal research tax credits to pay for building the company's AI data centers, warning that doing s... (more story)
The U.S. Department of Justice prosecuted 76 people linked to more than $490 million in federal revenue losses as part of a stepped-up enforcement effort with the IRS and U.S. attorneys' offices over the past ... (more story)
A Puerto Rico federal court properly dismissed claims against a trustee appointed to administer the receivership of a shuttered online bank suspected of facilitating tax evasion and money laundering, he told t... (more story)
As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying eth... (more story)
State & Local More
Allowed To Usurp A Power Of Congress: SALT In Review
From a defeat in court for challengers of a New Jersey rule on businesses online to a proposed supermajority requirement in Iowa, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
Ga. Justices Deem Fire Fee Illegal, Back $30M In Refunds
A Georgia county must issue more than $30 million worth of refunds and interest to property owners to whom it charged a fire protection fee, the state's high court affirmed Wednesday, finding the fee constitut... (more story)
NYC Fights To Avoid Restarting 2nd-Home Tax Rollout
New York City asked a state appeals court to reverse a decision finding it must restart the rollout of its tax on high-value second homes, saying a group of property owners' complaints weren't fit for court review.
Nelson Mullins Adds Ex-Berger Singerman Tax And Estate Pro
Nelson Mullins Riley & Scarborough LLP has hired a new partner from Berger Singerman to bolster its international tax, estate planning and private wealth capabilities in Miami.
CEO Says Ex-NJ AG Not Immune In Failed RICO Case Suit
The CEO of an affordable housing developer indicted in a now-dismissed racketeering case against South Jersey power broker George Norcross has pushed back against former New Jersey Attorney General Matthew Pla... (more story)
Airline's Win 'Destabilizes' Franchise Tax, Texas Justices Told
The Texas Supreme Court must review a lower court's holding that the state wrongly assessed franchise tax on American Airline's baggage fee revenue, the state's comptroller said, asserting that the test used b... (more story)
Taxation With Representation: Osler, Debevoise, Skadden
In this week's Taxation With Representation, Emera and ATCO announce a merger to create a Canadian utility and energy infrastructure powerhouse, French technology giant Schneider Electric buys industrial softw... (more story)
From a defeat in court for challengers of a New Jersey rule on businesses online to a proposed supermajority requirement in Iowa, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
A Georgia county must issue more than $30 million worth of refunds and interest to property owners to whom it charged a fire protection fee, the state's high court affirmed Wednesday, finding the fee constitut... (more story)
New York City asked a state appeals court to reverse a decision finding it must restart the rollout of its tax on high-value second homes, saying a group of property owners' complaints weren't fit for court review.
Nelson Mullins Riley & Scarborough LLP has hired a new partner from Berger Singerman to bolster its international tax, estate planning and private wealth capabilities in Miami.
The CEO of an affordable housing developer indicted in a now-dismissed racketeering case against South Jersey power broker George Norcross has pushed back against former New Jersey Attorney General Matthew Pla... (more story)
The Texas Supreme Court must review a lower court's holding that the state wrongly assessed franchise tax on American Airline's baggage fee revenue, the state's comptroller said, asserting that the test used b... (more story)
In this week's Taxation With Representation, Emera and ATCO announce a merger to create a Canadian utility and energy infrastructure powerhouse, French technology giant Schneider Electric buys industrial softw... (more story)
International More
HMRC Probes Of Soccer Clubs Raise £87M In Tax
The U.K.'s tax authority recovered £87 million ($115 million) in extra tax from inquiries into soccer clubs in fiscal year 2025-26, according to data published Thursday.
Full Fed. Circ. Won't Review Brick Duty Definition Holding
The Federal Circuit said Wednesday that it won't reconsider its determination that the U.S. Court of International Trade properly found duty orders on certain heat-resistant bricks lack specific chemical makeu... (more story)
Canadian Mining Co., Mexico Move To Settle $1.3B Tax Feud
A Canadian mining company reached an agreement in principle with Mexico to settle a dispute over the validity of transfer pricing arrangements for offshore silver dealings by the company's subsidiary that have... (more story)
HMRC Details Soccer Tax Work Amid Man City Findings
The U.K. tax authority outlined its soccer compliance work to a parliamentary committee in a letter released Wednesday, but it remained silent on the findings of an independent soccer commission that Mancheste... (more story)
Raising Capital Gains Tax A Risky Move, Ex-Labour Aide Says
The U.K.'s Labour government should be wary of raising capital gains tax rates in its autumn budget given the risks for businesses and investment, a former adviser to Prime Minister Andy Burnham told a parliam... (more story)
Draft EU Tax Data Bill Leaves More Room For Rule Overlap
A new draft of a European Union bill on tax data exchanges seen Wednesday by Law360 removes a previously proposed ban on member states introducing or maintaining domestic data obligations that substantially du... (more story)
Trade Court Backs Commerce On Solar Module Duty Scope
The U.S. Department of Commerce properly determined an importer's solar-powered charging modules should be subject to countervailing and antidumping duties on Chinese solar cell products, according to an opini... (more story)
The U.K.'s tax authority recovered £87 million ($115 million) in extra tax from inquiries into soccer clubs in fiscal year 2025-26, according to data published Thursday.
The Federal Circuit said Wednesday that it won't reconsider its determination that the U.S. Court of International Trade properly found duty orders on certain heat-resistant bricks lack specific chemical makeu... (more story)
A Canadian mining company reached an agreement in principle with Mexico to settle a dispute over the validity of transfer pricing arrangements for offshore silver dealings by the company's subsidiary that have... (more story)
The U.K. tax authority outlined its soccer compliance work to a parliamentary committee in a letter released Wednesday, but it remained silent on the findings of an independent soccer commission that Mancheste... (more story)
The U.K.'s Labour government should be wary of raising capital gains tax rates in its autumn budget given the risks for businesses and investment, a former adviser to Prime Minister Andy Burnham told a parliam... (more story)
A new draft of a European Union bill on tax data exchanges seen Wednesday by Law360 removes a previously proposed ban on member states introducing or maintaining domestic data obligations that substantially du... (more story)
The U.S. Department of Commerce properly determined an importer's solar-powered charging modules should be subject to countervailing and antidumping duties on Chinese solar cell products, according to an opini... (more story)