Featured Stories

Overseas Income Regs May Cause M&A Headaches

Regulations proposed by the U.S. Treasury Department would provide clean breaks for companies that sell more than ... (more story)

AI, Law Firms Driving 'Amenity Arms Race' In NYC Real Estate

Artificial intelligence companies and law firms are a big part of a larger flight to amenity-rich, Class A office ... (more story)

Prediction Markets' High Court Clash Looks More Imminent

The widespread clash over whether the regulation of prediction markets falls under federal or state jurisdiction w... (more story)

Federal More

Playing Bid Whist Makes Me A Better Lawyer

As a child, I viewed bid whist as a family tradition and a source of friendly card game competition, but as a lawyer, I see it as a tool that has helped me cultivate skills like communication, teamwork, risk a... (more story)

Goldstein Not Leaving Prison Any Time Soon, 4th Circ. Rules

The Fourth Circuit balked late Wednesday at freeing Tom Goldstein from prison as he fights felony convictions, and it rejected fast-track review of the renowned appellate advocate's trial, indicating he'll lik... (more story)

Aventis Denies Owning Assets In $40M Tax Fight At 3rd Circ.

The U.S. Tax Court contradicted its own findings by deciding that pharmaceutical company Aventis controlled assets in an investment vehicle with a French affiliate, couldn't deduct related payments and was lia... (more story)

Judge Dismisses Son's Bid To Recoup Parents' Tax Payments

A Tennessee federal judge dismissed a son's bid for a refund of federal income taxes for his dead parents' estates, finding he failed to establish that his father sufficiently participated in an amusement equi... (more story)

Md. Digital Tax Ruling Is A Road Map For Future Challenges

Three Maryland Tax Court rulings that recently struck down the state's digital advertising tax suggest constitutional and statutory vulnerabilities that could be used to challenge newly enacted digital service... (more story)

Calif. Bill Goes Too Far In Trying To Regulate Attorney AI Use

California’s first-in-the-nation act regulating how attorneys and arbitrators use generative artificial intelligence will likely soon become law, but read broadly, the provisions may dissuade lawyers from empl... (more story)

Atty Urges 4th Circ. To Reverse Liability For Client's Taxes

A Baltimore attorney asked the Fourth Circuit to reverse a lower court's order that he cover unpaid federal income taxes owed by his client's holding company, saying he didn't engage in self-dealing.

State & Local More

Emergency Election For Calif. Tax Is Valid, Panel Affirms

A California county lawfully used a rarely tested constitutional measure to put a sales tax question on an early ballot after the county said it needed to do so because of a fiscal emergency, a state appellate panel affirmed.

Ind. Tax Court Rules Nestle Facility Accurately Assessed

A Nestle facility in Indiana was correctly assessed from 2018 through 2023 at roughly $50 million, the state tax court said, rejecting the company's claim that the state tax board failed to properly consider i... (more story)

NY Accuses Polymarket Of Illegal Gambling Operation

New York accused Polymarket on Thursday of running an illegal gambling operation in the state through its sports prediction markets.

DC Pied-à-Terre Tax Plan Targets Pricey Second Homes

Washington, D.C., would impose additional property tax on homes worth about $2.6 million or more that are not rented out or used as primary residences under legislation before the district council.

American Airlines Defends Tax Win On Fees To Texas Justices

American Airlines urged the Texas Supreme Court to decline review of a lower court ruling that held the state wrongly assessed franchise tax on baggage fee revenue because a federal statute bars taxation of ai... (more story)

Wash. Appeals Court Revives Colo. Tax Payment Dispute

Whether intercompany payments count as profit, royalties or taxable management fees is a disputed question of fact, a Washington state appellate panel said Tuesday, ordering back to a trial court a dispute ove... (more story)

Ill. Panel Says News Report Bars Law Firm's FCA Suit

An Illinois appellate court on Friday upheld the dismissal of a whistleblower lawsuit brought by Forde & O'Meara LLP accusing a company of secretly assigning its interests in unpaid state bills to unapproved e... (more story)

International More

Construction Co. Administrators Recover £3.4M From HMRC

Administrators for collapsed construction company Ardmore Construction recovered £3.4 million ($4.5 million) in overpayments from Britain's tax authority, according to a public filing.

France Calls For Harmonized Customs Intermediary Process

French delegates at the Council of the European Union are pushing for more streamlined treatment of customs intermediaries across member states to fight value-added tax fraud and unfair business competition, a... (more story)

EU Countries Criticize UN Tax Framework Process As Biased

A clear majority of European Union countries criticized the tax policy framework steered by the United Nations and voiced concerns during a meeting about bias and inadequate technical processes, three EU offic... (more story)

HMRC Disputes £400M Inheritance Tax Underpayment Claim

Britain's tax authority disputed a claim from a law firm that it suspects wealthy individuals may have underpaid inheritance tax by as much as £392 million ($523.2 million) in fiscal year 2025-26, saying the f... (more story)

Watchdog Revises Auditor External Expert Standards 

Britain's accounting watchdog has revised two of its standards on using the work of an external expert in the audit process, aligning them Wednesday with changes made by an international standard-setter.

French Official Urges Working With EU On Cheaper Imports

France must move away from unilateral action and work with its European Union partners to manage an increase in small parcels sent to the bloc, a French official said Wednesday.

English Mayors Need £3.8B Tax Shift, Report Says

The Labour government should grant England's mayors a 5% share of income tax revenue, shifting an additional £3.8 billion ($5 billion) a year out of central government, a think tank report said Wednesday.