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6th Circ. Judge Skeptical Of IRS In $24M Air Excise Tax Case
A Sixth Circuit judge expressed confusion Thursday at the IRS' defense of a $24 million air transportation excise tax on monthly management fees paid to a private aviation company after a government attorney conceded that initial ownership payments should also have been taxed.
NYC Comptroller Says Tax On 2nd Homes May Bring In $500M
A proposed tax on some second homes valued at over $5 million in New York City may bring in as much as $500 million initially, but that figure may be reduced in future years, the city's comptroller said in a report released Thursday.
Germany Budget Plan Sets Stage For Income Tax Changes
Germany shared an outline Wednesday for its 2027 budget that includes income tax relief for low and midlevel earners.
6th Circ. Judge Skeptical Of IRS In $24M Air Excise Tax Case
A Sixth Circuit judge expressed confusion Thursday at the IRS' defense of a $24 million air transportation excise tax on monthly management fees paid to a private aviation company after a government attorney conceded that initial ownership payments should also have been taxed.
NYC Comptroller Says Tax On 2nd Homes May Bring In $500M
A proposed tax on some second homes valued at over $5 million in New York City may bring in as much as $500 million initially, but that figure may be reduced in future years, the city's comptroller said in a report released Thursday.
Germany Budget Plan Sets Stage For Income Tax Changes
Germany shared an outline Wednesday for its 2027 budget that includes income tax relief for low and midlevel earners.
Federal More
The U.S. will grant imported whisky from the United Kingdom preferential tariff treatment following the visit to the U.S. by King Charles and Queen Camilla, President Donald Trump said on social media Thursday.
President Donald Trump signed an executive order Thursday aimed at expanding workers' access to a low-cost retirement plan via a new government website, touting a $1,000 federal contribution match available un... (more story)
A mortgage lender still suffered from suspensions to its business during COVID-19 even if it saw an overall increase in revenue, it told a California federal court, pushing back on the U.S. government's attemp... (more story)
A Miami federal court appointed six attorneys from three firms to help it determine whether it has jurisdiction in President Donald Trump's suit accusing the IRS of failing to prevent a former contractor from ... (more story)
The government did not prove that political consultant Esther Nuhfer was operating in bad faith when she worked with former Florida congressman David Rivera under a $50 million contract with a unit of Venezuel... (more story)
A Fifth Circuit panel seemed dubious of a law firm's argument that a federal court lacked jurisdiction over a claim that it shuffled assets to avoid paying an arbitration award that totaled $70 million, saying... (more story)
An important 2016 study revealed significant substance abuse and mental health issues among lawyers, and while the findings helped normalize the conversation around these topics, a decade later, structural ch... (more story)
State & Local More
Ohio Panel Strikes Curbs On 3rd-Party Tax Complaints
Additional restrictions on third parties filing complaints about property valuation in Ohio violate the state's constitution, an Ohio appellate panel found.
Pa. Justices Find Borough's Stormwater Charge Is Tax
A Pennsylvania university that was charged by a borough for stormwater management services doesn't owe the amount assessed because the charges constitute a tax that the university is exempt from paying, the st... (more story)
Calif. Billionaire Tax Backers Say They Have 1.6M Signatures
Supporters of a referendum that calls for a 5% tax to be levied once on the wealth of California billionaires said they are closer to getting their measure on the November ballot as they are ready to turn in n... (more story)
Over 11 Million Imports Entered For Tariff Refunds, CBP Says
Importers have successfully submitted more than 11.2 million entries to Customs and Border Protection's tariff refund system, and more than 1.7 million imports have been validated and are ready for refunds, a ... (more story)
Attys, Advocates Call DOJ Pot Rule Historic Shift For Feds
Legal strategies are evolving quickly in the wake of last week's "historic" rescheduling of state-legal medical cannabis, as a group of attorneys and advocates gathered Monday to evaluate the trade-offs of dis... (more story)
Taxation With Representation: Gibson Dunn, Paul Weiss
In this week's Taxation With Representation, Elon Musk's SpaceX strikes a deal with Cursor that could lead to an acquisition of the artificial intelligence startup, building products distributor QXO Inc. buys ... (more story)
Barnes & Thornburg Lands 6 Bradley Arant Attys In Southeast
Barnes & Thornburg LLP announced Thursday that the firm has hired six attorneys from Bradley Arant Boult Cummings LLP for its Atlanta and Palm Beach Gardens, Florida, offices, increasing its capabilities in th... (more story)
Additional restrictions on third parties filing complaints about property valuation in Ohio violate the state's constitution, an Ohio appellate panel found.
A Pennsylvania university that was charged by a borough for stormwater management services doesn't owe the amount assessed because the charges constitute a tax that the university is exempt from paying, the st... (more story)
Supporters of a referendum that calls for a 5% tax to be levied once on the wealth of California billionaires said they are closer to getting their measure on the November ballot as they are ready to turn in n... (more story)
Importers have successfully submitted more than 11.2 million entries to Customs and Border Protection's tariff refund system, and more than 1.7 million imports have been validated and are ready for refunds, a ... (more story)
Legal strategies are evolving quickly in the wake of last week's "historic" rescheduling of state-legal medical cannabis, as a group of attorneys and advocates gathered Monday to evaluate the trade-offs of dis... (more story)
In this week's Taxation With Representation, Elon Musk's SpaceX strikes a deal with Cursor that could lead to an acquisition of the artificial intelligence startup, building products distributor QXO Inc. buys ... (more story)
Barnes & Thornburg LLP announced Thursday that the firm has hired six attorneys from Bradley Arant Boult Cummings LLP for its Atlanta and Palm Beach Gardens, Florida, offices, increasing its capabilities in th... (more story)
International More
More UK Businesses Face Crisis Over Taxes, War, Report Says
The number of U.K. businesses near collapse increased by almost 37% with rising taxes ahead of the economic fallout of the Iran war, an insolvency firm warned in a report Wednesday.
Korean Court Cancels $46.6M Of Netflix's Tax Bill, Report Says
Netflix on Tuesday secured the cancellation of 68.7 billion won ($46.6 million) in taxes imposed by the Korean government in a dispute over the characterization of payments to a Dutch subsidiary, in a partial ... (more story)
Floridian Waived Jury Rights In $20M FBAR Case, Gov't Says
The U.S. government urged a Florida federal court to uphold a nearly $20 million tax judgment against a dual U.S.-German citizen for undisclosed foreign bank account information, arguing he "slept on his right... (more story)
Budget Tax Raid Fears Spurred Pension Withdrawals
Fears over a tax raid on pensions have led to a surge in Britons cashing out of their long-term savings in the run-up to Budget announcements, a consultancy found Tuesday.
Democratic Sen. Presses Retail Giants On Tariff Refund Plans
The top Democrat on the U.S. Senate small business committee sent letters last week to major retailers and shipping carriers asking whether they planned to pass on to consumers tariff refunds they receive.
Puerto Rican Woman Can't Avoid Filing Taxes, Gov't Says
A Puerto Rican woman to whom the Internal Revenue Service erroneously assigned her employer's tax debt cannot obtain a court order waiving her obligation to file returns, the government told the Puerto Rican f... (more story)
UK Industry Group Calls For Countermeasures To US Tariffs
A U.K. industry group urged the country's government to prepare a "trade bazooka," including a package of countermeasures to safeguard the economy from outside shocks such as U.S. tariffs and the economic fall... (more story)
The number of U.K. businesses near collapse increased by almost 37% with rising taxes ahead of the economic fallout of the Iran war, an insolvency firm warned in a report Wednesday.
Netflix on Tuesday secured the cancellation of 68.7 billion won ($46.6 million) in taxes imposed by the Korean government in a dispute over the characterization of payments to a Dutch subsidiary, in a partial ... (more story)
The U.S. government urged a Florida federal court to uphold a nearly $20 million tax judgment against a dual U.S.-German citizen for undisclosed foreign bank account information, arguing he "slept on his right... (more story)
Fears over a tax raid on pensions have led to a surge in Britons cashing out of their long-term savings in the run-up to Budget announcements, a consultancy found Tuesday.
The top Democrat on the U.S. Senate small business committee sent letters last week to major retailers and shipping carriers asking whether they planned to pass on to consumers tariff refunds they receive.
A Puerto Rican woman to whom the Internal Revenue Service erroneously assigned her employer's tax debt cannot obtain a court order waiving her obligation to file returns, the government told the Puerto Rican f... (more story)
A U.K. industry group urged the country's government to prepare a "trade bazooka," including a package of countermeasures to safeguard the economy from outside shocks such as U.S. tariffs and the economic fall... (more story)