Tech Co. Founder Gets 2.5 Years In $14M Payroll Tax Case
A New Hampshire federal judge sentenced the founder of a technology startup to two and a half years in prison for failing to pay more than $14 million in employment and personal taxes, granting a request from prosecutors who said incarceration was the only meaningful sentence.
Former Head Of MTC, Tenn. DOR Reflects On Years In SALT
Joe Huddleston has had a hand in virtually every major issue in the state and local tax world for decades, whether during his tenure at the Tennessee Department of Revenue, the Multistate Tax Commission or the Federation of Tax Administrators. Now retired, he spoke to Law360 about his many roles and his influence in the field.
Australian Tax Transparency Rules Could Set Benchmark
Australian lawmakers recently enacted legislation that requires large multinational corporations to publicly disclose their worldwide business operations and tax information with an unprecedented level of scope and detail, which advocates say could set a global standard for corporate transparency.
Tech Co. Founder Gets 2.5 Years In $14M Payroll Tax Case
A New Hampshire federal judge sentenced the founder of a technology startup to two and a half years in prison for failing to pay more than $14 million in employment and personal taxes, granting a request from prosecutors who said incarceration was the only meaningful sentence.
Former Head Of MTC, Tenn. DOR Reflects On Years In SALT
Joe Huddleston has had a hand in virtually every major issue in the state and local tax world for decades, whether during his tenure at the Tennessee Department of Revenue, the Multistate Tax Commission or the Federation of Tax Administrators. Now retired, he spoke to Law360 about his many roles and his influence in the field.
Australian Tax Transparency Rules Could Set Benchmark
Australian lawmakers recently enacted legislation that requires large multinational corporations to publicly disclose their worldwide business operations and tax information with an unprecedented level of scope and detail, which advocates say could set a global standard for corporate transparency.
Federal More
Counsel for former Illinois House Speaker Michael Madigan told an Illinois federal jury Friday that prosecutors attempting to convict him of racketeering have painted an "incomplete and misleading" picture of ... (more story)
The 2017 federal tax law's pass-through deduction would be made permanent under legislation co-signed by more than half of the Senate's Republicans.
Law students across the country are scrambling to figure out their next steps after a range of federal agencies yanked job and internship offers this week because of the new hiring freeze imposed by the Trump administration.
The U.S. Securities and Exchange Commission under the Trump administration will likely continue to focus enforcement efforts on many of the same accounting and auditing issues that it pursued over the past yea... (more story)
Hunter Biden urged the D.C. Circuit to affirm a ruling preventing the IRS agents he has accused of improperly revealing his tax return information from intervening in his privacy suit against the U.S. governme... (more story)
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the m... (more story)
In this week's Taxation With Representation, a Brookfield private real estate fund acquires Divvy Homes' property portfolio and platform, Kantar Group proposes the sale of Kantar Media, and an Ares Management-... (more story)
State & Local More
Netflix Urges Colo. Court To Reject Tax On Streaming Video
Netflix subscriptions are not tangible personal property that is subject to Colorado sales tax, the company told a state appeals court, urging it to uphold a district court decision.
Mass. Gov. Seeks To Expand Taxation Of Nonresident Gains
Massachusetts would apply what is known as the investee apportionment method to tax gains that nonresidents receive from sales of interest in pass-through entities located in the commonwealth under a budget pr... (more story)
Minn. Tax Committee Advances Bill To Return Surplus Funds
A proposal to create a constitutional amendment in Minnesota stipulating that surplus funds in future state budgets should be exclusively earmarked to provide tax relief was advanced by the state House Tax Com... (more story)
'Unicorn Prosecution' Could Upend Legal Practice, Court Told
Brown & Connery LLP partner William Tambussi told a New Jersey state judge Wednesday that the entire practice of law in the Garden State rests on his impending decision on the charges against him in the state'... (more story)
Minn. Panel Advances Limit On Tax Reassessments
Minnesota would limit the authority of its tax department to issue revised assessments after providing erroneous information relied on by taxpayers under legislation advanced Wednesday by a state Senate committee.
Wyden Urges National Standard For Hemp Regulation
Sen. Ron Wyden, D-Ore., rallied on Wednesday for his bill that would beef up regulation of products with hemp-derived cannabinoids in order to protect consumers, particularly children.
5 Litigation Funding Trends To Note In 2025
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery L... (more story)
Detroit Council OKs $45K Settlement Over Holding Co.'s Gain
The city of Detroit approved a settlement Tuesday in the Michigan Tax Tribunal in a long-running tax assessment dispute stemming from a holding company's gain from selling stock in a Canadian tobacco testing company.
Md. Bill Seeks High Earner Tax, Water's-Edge Reporting
Maryland would impose a new tax rate on high earners, adopt combined water's-edge corporate tax reporting and lower its corporate tax rate under legislation introduced in the House of Delegates to enact propos... (more story)
Netflix subscriptions are not tangible personal property that is subject to Colorado sales tax, the company told a state appeals court, urging it to uphold a district court decision.
Massachusetts would apply what is known as the investee apportionment method to tax gains that nonresidents receive from sales of interest in pass-through entities located in the commonwealth under a budget pr... (more story)
A proposal to create a constitutional amendment in Minnesota stipulating that surplus funds in future state budgets should be exclusively earmarked to provide tax relief was advanced by the state House Tax Com... (more story)
Brown & Connery LLP partner William Tambussi told a New Jersey state judge Wednesday that the entire practice of law in the Garden State rests on his impending decision on the charges against him in the state'... (more story)
Minnesota would limit the authority of its tax department to issue revised assessments after providing erroneous information relied on by taxpayers under legislation advanced Wednesday by a state Senate committee.
Sen. Ron Wyden, D-Ore., rallied on Wednesday for his bill that would beef up regulation of products with hemp-derived cannabinoids in order to protect consumers, particularly children.
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery L... (more story)
The city of Detroit approved a settlement Tuesday in the Michigan Tax Tribunal in a long-running tax assessment dispute stemming from a holding company's gain from selling stock in a Canadian tobacco testing company.
Maryland would impose a new tax rate on high earners, adopt combined water's-edge corporate tax reporting and lower its corporate tax rate under legislation introduced in the House of Delegates to enact propos... (more story)
International More
Tax Break Doesn't Apply To £1.3M Project, UK Court Affirms
Investors who sank £1.3 million ($1.6 million) into a children's cartoon show will not qualify for a special tax break because the investment failed to meet at least one of the program's qualifications, the U.... (more story)
Reed Smith Brings Back Tax Pro From Amazon In Brussels
An attorney who specializes in customs, trade and excise tax matters in the European Union and U.K. has rejoined Reed Smith LLP in Brussels after a stint at Amazon, the firm announced.
Manchester United Ambassador Liable For Tax On £450K
An ambassador for the Manchester United Football Club is liable for additional taxes on about £450,000 ($562,000) paid by the club over 16 months, but he successfully appealed assessments on about £1.1 million... (more story)
UK Gov't Launches Review Of HMRC Loan Charge
HM Treasury has launched a review into the U.K. tax authority's loan charge targeting individuals who incurred hefty tax bills after signing up for disguised remuneration schemes, a move critics claim has unfa... (more story)
Tax Directive Marks Milestone In Harmonizing EU System
The Council of the European Union’s recently adopted tax directive is a significant step toward streamlining and modernizing procedures for member states, and will greatly reduce administrative burden and comp... (more story)
Taiwan Double-Tax Relief Floated In Senate After House OK
The Senate Finance Committee introduced bipartisan legislation Thursday that would grant tax benefits to Taiwanese businesses in the U.S. and authorize the White House to negotiate a tax agreement with Taiwan,... (more story)
UK Gov't Tones Down Plan For Non-Dom Tax Changes
The U.K. government will amend its finance bill to soften its plan to abolish the nondomicile tax status for people claiming tax benefits as nonresidents, Exchequer Chancellor Rachel Reeves said in an intervie... (more story)
Investors who sank £1.3 million ($1.6 million) into a children's cartoon show will not qualify for a special tax break because the investment failed to meet at least one of the program's qualifications, the U.... (more story)
An attorney who specializes in customs, trade and excise tax matters in the European Union and U.K. has rejoined Reed Smith LLP in Brussels after a stint at Amazon, the firm announced.
An ambassador for the Manchester United Football Club is liable for additional taxes on about £450,000 ($562,000) paid by the club over 16 months, but he successfully appealed assessments on about £1.1 million... (more story)
HM Treasury has launched a review into the U.K. tax authority's loan charge targeting individuals who incurred hefty tax bills after signing up for disguised remuneration schemes, a move critics claim has unfa... (more story)
The Council of the European Union’s recently adopted tax directive is a significant step toward streamlining and modernizing procedures for member states, and will greatly reduce administrative burden and comp... (more story)
The Senate Finance Committee introduced bipartisan legislation Thursday that would grant tax benefits to Taiwanese businesses in the U.S. and authorize the White House to negotiate a tax agreement with Taiwan,... (more story)
The U.K. government will amend its finance bill to soften its plan to abolish the nondomicile tax status for people claiming tax benefits as nonresidents, Exchequer Chancellor Rachel Reeves said in an intervie... (more story)