Coastal County Tells Texas Justices It's Free To Tax Stored Oil
A Texas county's property tax on stored oil that companies said was bound for export doesn't violate the import-export clause of the U.S. Constitution, the county told the state's high court Thursday, saying a significant amount of oil remained in the state.
New Fraud Division Flexes Might In Latest Enforcement Policy
The National Fraud Enforcement Division's new corporate enforcement policy emphasizes the quick pursuit of certain types of fraud through data analysis and staff resources, expands the target list beyond traditional healthcare providers and highlights the division's growing dominance within the U.S. Department of Justice, experts say.
Bolt Refused Chance To Appeal £190M VAT Ruling
Ride-hailing giant Bolt said Thursday it was disappointed in the U.K. Supreme Court's refusal of the company's appeal over its claim to a value-added tax margin scheme to reduce an estimated liability of £190 million ($251.6 million).
Coastal County Tells Texas Justices It's Free To Tax Stored Oil
A Texas county's property tax on stored oil that companies said was bound for export doesn't violate the import-export clause of the U.S. Constitution, the county told the state's high court Thursday, saying a significant amount of oil remained in the state.
New Fraud Division Flexes Might In Latest Enforcement Policy
The National Fraud Enforcement Division's new corporate enforcement policy emphasizes the quick pursuit of certain types of fraud through data analysis and staff resources, expands the target list beyond traditional healthcare providers and highlights the division's growing dominance within the U.S. Department of Justice, experts say.
Bolt Refused Chance To Appeal £190M VAT Ruling
Ride-hailing giant Bolt said Thursday it was disappointed in the U.K. Supreme Court's refusal of the company's appeal over its claim to a value-added tax margin scheme to reduce an estimated liability of £190 million ($251.6 million).
Federal More
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)
The government cannot use a postargument letter to introduce a new argument in a dispute with the founder of Buy.com over his nearly $16 million tax bill, he told the Tenth Circuit.
Ropes & Gray LLP said this week that it added a tax partner from Akin Gump Strauss Hauer & Feld LLP to its New York office.
The U.S. Court of International Trade on Thursday granted a broad class certification for importers subjected to President Donald Trump's now-invalidated global tariff regime in a move the judge said he hopes ... (more story)
A former New York-based tax preparer was sentenced to four years in prison after she copped to wire fraud and assisting in the preparation of false returns as part of a nearly $11 million tax fraud scheme, fed... (more story)
A man is appealing a U.S. Tax Court order that found he owes around $10.4 million in taxes and penalties for failing to report company funds he used for personal expenses such as luxury cars, according to a no... (more story)
The Seventh Circuit affirmed a man's two-and-a-half-year prison sentence for tax fraud, witness tampering and contempt Thursday, rejecting his argument that the government didn't present sufficient evidence to... (more story)
State & Local More
Coinbase Tells 2nd Circ. Only CFTC Oversees Event Contracts
Event contracts that Coinbase offers, including sports event contracts, are swaps over which the Commodity Futures Trading Commission has "exclusive" jurisdiction, the company has urged the Second Circuit to r... (more story)
DOT Tells 2nd Circ. Congestion Pricing Fight In Wrong Court
The Trump administration doubled down on its efforts to eliminate New York's congestion pricing, telling the Second Circuit that the underlying contract dispute was heard in the wrong court and that it shouldn... (more story)
Buffalo Sues Feds Over NY Tribe's Land Sale's Status
The city of Buffalo is asking a New York district court to vacate the federal government's decision to place a 3.8-acre waterfront parcel in a restricted fee status for the Seneca Nation of Indians that could ... (more story)
Ritz-Carlton Fights Condo $55M Property Tax Hike On Appeal
A Colorado Court of Appeals panel Wednesday probed whether 54 condominium units at the Ritz-Carlton should be valued as whole fee-simple units, or at a lower valuation to accommodate the fractional-ownership m... (more story)
Amazon Patron's Sales Tax Overcharge Suit Tossed, For Now
A Washington federal magistrate judge has thrown out a consumer's proposed class action accusing Amazon of charging too much Tennessee sales tax, finding Wednesday that the plaintiff had not shown the e-commer... (more story)
Why And How To Build A Neurodiversity-Informed Practice
By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise stru... (more story)
Illinois Banking Brief: All The Notable Legal Updates In Q3
Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful Seventh Circuit decisions, and a high-profile constitutional challenge to the state's new digit... (more story)
Event contracts that Coinbase offers, including sports event contracts, are swaps over which the Commodity Futures Trading Commission has "exclusive" jurisdiction, the company has urged the Second Circuit to r... (more story)
The Trump administration doubled down on its efforts to eliminate New York's congestion pricing, telling the Second Circuit that the underlying contract dispute was heard in the wrong court and that it shouldn... (more story)
The city of Buffalo is asking a New York district court to vacate the federal government's decision to place a 3.8-acre waterfront parcel in a restricted fee status for the Seneca Nation of Indians that could ... (more story)
A Colorado Court of Appeals panel Wednesday probed whether 54 condominium units at the Ritz-Carlton should be valued as whole fee-simple units, or at a lower valuation to accommodate the fractional-ownership m... (more story)
A Washington federal magistrate judge has thrown out a consumer's proposed class action accusing Amazon of charging too much Tennessee sales tax, finding Wednesday that the plaintiff had not shown the e-commer... (more story)
By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise stru... (more story)
Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful Seventh Circuit decisions, and a high-profile constitutional challenge to the state's new digit... (more story)
International More
EU Removes Panama And Vietnam From Tax Blacklist
The European Union has removed Panama and Vietnam from its primary list of noncooperative jurisdictions for tax purposes following changes they made relating to harmful tax practices, the Council of the EU said Friday.
62 Detained In €410M Electronics VAT Fraud, EU Says
European authorities detained 62 people in Portugal, Spain and Italy who are suspected of a value-added tax fraud involving electronics that caused at least €410 million ($460 million) in tax losses across the... (more story)
Canada Media Outlet Can't Get Tax Break, Appeals Court Says
A far-right Canadian media outlet does not produce enough original news content to qualify for journalism tax credits, a Canada appeals court held, rejecting the publication's claims of government censorship.
Ashfords Sued For Negligence Over Estate Planning Advice
A British baron has sued Ashfords LLP, alleging that the firm's negligent estate planning advice left his family with "a much greater" inheritance tax bill, and seeking up to £702,012 ($930,000) in damages.
USTR Probes EU Carbon Tax's Impact On US Trade
The U.S. is considering whether the European Union's carbon import tax and proposals to expand its scope harm American producers, the U.S. Trade Representative's Office said.
Justices' Ruling Has No Bearing In FBAR Case, 5th Circ. Told
The U.S. Supreme Court's decision upholding federal fines against wireless giants has no bearing on the government's appeal to reinstate the IRS' $1 million penalty against a woman for failing to follow her fo... (more story)
EU Lawmaker Warns Against Deleting Tax From Biz Proposal
A European Union proposal to boost entrepreneurship would be significantly undermined if its tax provisions are scrapped, a lead lawmaker said Wednesday, adding that such a decision could create a political de... (more story)
The European Union has removed Panama and Vietnam from its primary list of noncooperative jurisdictions for tax purposes following changes they made relating to harmful tax practices, the Council of the EU said Friday.
European authorities detained 62 people in Portugal, Spain and Italy who are suspected of a value-added tax fraud involving electronics that caused at least €410 million ($460 million) in tax losses across the... (more story)
A far-right Canadian media outlet does not produce enough original news content to qualify for journalism tax credits, a Canada appeals court held, rejecting the publication's claims of government censorship.
A British baron has sued Ashfords LLP, alleging that the firm's negligent estate planning advice left his family with "a much greater" inheritance tax bill, and seeking up to £702,012 ($930,000) in damages.
The U.S. is considering whether the European Union's carbon import tax and proposals to expand its scope harm American producers, the U.S. Trade Representative's Office said.
The U.S. Supreme Court's decision upholding federal fines against wireless giants has no bearing on the government's appeal to reinstate the IRS' $1 million penalty against a woman for failing to follow her fo... (more story)
A European Union proposal to boost entrepreneurship would be significantly undermined if its tax provisions are scrapped, a lead lawmaker said Wednesday, adding that such a decision could create a political de... (more story)