Featured Stories

Omnibus Tax Bill Holds Key Developments For North Carolina

North Carolina's omnibus tax bill, signed July 2 by Democratic Gov. Josh Stein, went beyond federal tax conformity... (more story)

Int'l Tax In July: New UK PM, Win For Denmark, US Tariff Pivot

New leadership in the U.K. comes with the possibility of higher tax rates for some businesses in light of Prime Mi... (more story)

The Dramatic Moments Set To Shape Tom Goldstein's Appeal

Prurient revelations, brash recriminations and purportedly glaring judicial errors in Tom Goldstein's criminal cas... (more story)

Federal More

Hyatt Says No Rehearing Needed In $300M Rewards Tax Fight

The Seventh Circuit doesn't need to reconsider its decision to remand a dispute over the taxability of $300 million in funds from Hyatt Hotels' loyalty rewards program to the U.S. Tax Court, the hospitality gi... (more story)

IRS, Treasury Plan To Float Regs For Retirement Matches

The U.S. Treasury Department and IRS intend to propose regulations to implement a provision of the Secure 2.0 Act of 2022 designed to allow lower-income taxpayers who contribute to their retirement savings to ... (more story)

Tax Preparers Seek OK Of $1M Deal In OT Suit

Tax preparers who accused a New York tax preparation company of overtime and wage violations have urged a New York federal court to grant preliminary approval of a $1.05 million class action settlement.

Judge Pans Atty's Effort To Sink Partnership's Tax Scam Suit

A precious metals partnership and its members should be allowed to pursue their suit alleging an attorney and others conspired to bilk them out of out $12 million while advocating an unlawful tax strategy, a C... (more story)

Senate OKs Trump Treasury Picks In Slate Of Confirmations

The Senate on Friday approved several of President Donald Trump's picks for roles at the U.S. Department of the Treasury as part of a combined confirmation of 74 nominees to various positions, including his no... (more story)

Senate Clears Russia Sanctions Bill With New Tariff Authority

The U.S. Senate approved legislation Friday that would enhance President Donald Trump's economic tools to pressure Russia, including new tariff authorities that raised concerns for Democratic lawmakers.

Taxation With Representation: Slaughter And May, Covington

In this week's Taxation With Representation, U.K. real estate investment trust Segro's board agrees to a share offer from U.S. rival Prologis with a partial cash alternative, Curium acquires fellow radiopharma... (more story)

State & Local More

Slapping Back When A State Tax Overreaches: SALT In Review

From Apple's big win against a Nebraska tax assessment to a constitutional matter in Oregon, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

Ga. Drops Uber Tax Appeal After State High Court Loss

Georgia's tax agency and Uber have settled their dispute over whether the ride-hailing company was required to collect and remit millions in sales taxes on behalf of drivers and customers who used its app befo... (more story)

NJ Tax Court Can't Relax Couple's Tax Bill Before Challenge

The New Jersey Tax Court said Thursday that it cannot relax a couple's property tax assessment payments despite being granted legislative authority, because the couple must first challenge the assessment with ... (more story)

Jones Day Hires Morgan Lewis Tax Partner In DC

Jones Day has hired a former Morgan Lewis & Bockius LLP tax attorney who spent more than 11 years representing multinational businesses, partnerships, and high-net-worth individuals, the firm announced Wednesday.

Biz Groups Back Energy Co.'s $8M Tax Case To Mich. Justices

Wholesale electricity sales to a regional grid operator should be sourced to the states of their final customers, business groups told the Michigan Supreme Court, backing the company's appeal of an $8 million state tax bill.

JBS To Pay $31M In Pilgrim's Pride Investors' Control Suit

Brazil-based meat giant JBS SA agreed to pay $31 million to shareholders of its subsidiary Pilgrim's Pride Corp. to settle a suit accusing JBS, its affiliates and its Pilgrim's board appointees of unfairly inc... (more story)

NJ Firm Winne Banta Brings On Trusts And Estates Atty Duo

The principals behind a Hackensack, New Jersey-based trust and estates and elder law firm have joined Winne Banta Basralian & Kahn PC as members of the firm bringing expertise in tax efficient family wealth tr... (more story)

International More

Nations Defend UN Tax Pact Requiring Treaty Renegotiations

The idea of creating an obligation to renegotiate tax treaties so they align with the United Nations framework convention on international tax cooperation is receiving support among some member states, accordi... (more story)

Tax Uncertainty Causes UK Stock Sell-Off, Report Says

Uncertainty over the future of U.K. tax policy under Prime Minister Andy Burnham has driven a stock sell-off, global funds network Calastone said in a report.

French MP Wants New Cigarette Tax To Fund Wildfire Fight

A French politician is calling for a new tax on cigarette sales to finance firefighting efforts amid a series of extreme wildfires in the country.

Africa Wants Majority Voting For Future UN Tax Pact Decisions

The African Group wants simple majority voting for decisions by governments that ratify the proposed United Nations Framework Convention on International Tax Cooperation, a representative said Thursday.

CIT Judge Confused By Gov't Objection To Tariff Refund Class

A U.S. Court of International Trade judge repeatedly expressed confusion Thursday over the federal government's objection to the certification of a class of importers seeking refunds of President Donald Trump'... (more story)

Meta Can't Force Stipulation Of Facts In $16B Tax Court Fight

Meta cannot force the IRS to agree to the truth of "selective quotes" from trial transcripts and other documents from a related case as the company currently fights a $16 billion tax bill, the U.S. Tax Court ruled Thursday.

Taiwan LED Maker To Pay $5.15M In Customs Fraud Deal

Taiwanese-based Everlight Electronics will pay the U.S. government $5.15 million to resolve duty evasion allegations in a dispute brought under the False Claims Act, the U.S. Attorney's Office for the District... (more story)