IRS Proposes To Block Immigrants From Premium Tax Credit
Rules proposed Wednesday by the Internal Revenue Service would bar many immigrants from claiming the refundable tax credit for health insurance purchased through an exchange and impose new verification requirements for advance payments.
EU Top Court Poised To Clarify Cross-Border Tax Rules
The European Union's highest court is set to issue a ruling Thursday that's expected to provide clarity on whether authorities can deny a cross-border withholding tax exemption on the basis of tax abuse even when dividends are sent to a genuine parent company rather than a shell company.
Tax Pact Group Backs Remote Seller Settlement Plan
A Streamlined Sales Tax Governing Board committee backed a proposal Tuesday that would allow unregistered remote sellers to settle their back sales and use tax liabilities and comply with tax obligations going forward.
IRS Proposes To Block Immigrants From Premium Tax Credit
Rules proposed Wednesday by the Internal Revenue Service would bar many immigrants from claiming the refundable tax credit for health insurance purchased through an exchange and impose new verification requirements for advance payments.
EU Top Court Poised To Clarify Cross-Border Tax Rules
The European Union's highest court is set to issue a ruling Thursday that's expected to provide clarity on whether authorities can deny a cross-border withholding tax exemption on the basis of tax abuse even when dividends are sent to a genuine parent company rather than a shell company.
Tax Pact Group Backs Remote Seller Settlement Plan
A Streamlined Sales Tax Governing Board committee backed a proposal Tuesday that would allow unregistered remote sellers to settle their back sales and use tax liabilities and comply with tax obligations going forward.
Federal More
The U.S. Department of Justice prosecuted 76 people linked to more than $490 million in federal revenue losses as part of a stepped-up enforcement effort with the IRS and U.S. attorneys' offices over the past ... (more story)
A Puerto Rico federal court properly dismissed claims against a trustee appointed to administer the receivership of a shuttered online bank suspected of facilitating tax evasion and money laundering, he told t... (more story)
As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying eth... (more story)
Boston Financial has closed its latest low-income housing tax credit fund at $191 million, with plans to funnel the capital toward 16 affordable housing communities in 12 states, the firm announced Wednesday.
A soon-to-be 70-year-old former strip club boss accused of hiding $3 million from the IRS was sentenced to a below-guidelines prison term of 16 months on Tuesday, after the mother of his 3-year-old child asked... (more story)
H&R Block's subsidiaries told a California federal judge on Friday that Liberty Mutual must pay over $6 million in costs they incurred defending themselves in an underlying suit filed by rival Intuit, which ac... (more story)
An energy company accused of selling fraudulent tax shelters marketed as tribal tax credits retaliated against an IRS employee after she flagged the company's promotion of the credits, engaging in a defamatory... (more story)
State & Local More
Ga. Justices Deem Fire Fee Illegal, Back $30M In Refunds
A Georgia county must issue more than $30 million worth of refunds and interest to property owners to whom it charged a fire protection fee, the state's high court affirmed Wednesday, finding the fee constitut... (more story)
NYC Fights To Avoid Restarting 2nd-Home Tax Rollout
New York City asked a state appeals court to reverse a decision finding it must restart the rollout of its tax on high-value second homes, saying a group of property owners' complaints weren't fit for court review.
Nelson Mullins Adds Ex-Berger Singerman Tax And Estate Pro
Nelson Mullins Riley & Scarborough LLP has hired a new partner from Berger Singerman to bolster its international tax, estate planning and private wealth capabilities in Miami.
CEO Says Ex-NJ AG Not Immune In Failed RICO Case Suit
The CEO of an affordable housing developer indicted in a now-dismissed racketeering case against South Jersey power broker George Norcross has pushed back against former New Jersey Attorney General Matthew Pla... (more story)
Airline's Win 'Destabilizes' Franchise Tax, Texas Justices Told
The Texas Supreme Court must review a lower court's holding that the state wrongly assessed franchise tax on American Airline's baggage fee revenue, the state's comptroller said, asserting that the test used b... (more story)
Taxation With Representation: Osler, Debevoise, Skadden
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)
Ropes & Gray Welcomes Tax Partner In NY From Akin
Ropes & Gray LLP said this week that it added a tax partner from Akin Gump Strauss Hauer & Feld LLP to its New York office.
A Georgia county must issue more than $30 million worth of refunds and interest to property owners to whom it charged a fire protection fee, the state's high court affirmed Wednesday, finding the fee constitut... (more story)
New York City asked a state appeals court to reverse a decision finding it must restart the rollout of its tax on high-value second homes, saying a group of property owners' complaints weren't fit for court review.
Nelson Mullins Riley & Scarborough LLP has hired a new partner from Berger Singerman to bolster its international tax, estate planning and private wealth capabilities in Miami.
The CEO of an affordable housing developer indicted in a now-dismissed racketeering case against South Jersey power broker George Norcross has pushed back against former New Jersey Attorney General Matthew Pla... (more story)
The Texas Supreme Court must review a lower court's holding that the state wrongly assessed franchise tax on American Airline's baggage fee revenue, the state's comptroller said, asserting that the test used b... (more story)
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)
Ropes & Gray LLP said this week that it added a tax partner from Akin Gump Strauss Hauer & Feld LLP to its New York office.
International More
Full Fed. Circ. Won't Review Brick Duty Definition Holding
The Federal Circuit said Wednesday that it won't reconsider its determination that the U.S. Court of International Trade properly found duty orders on certain heat-resistant bricks lack specific chemical makeu... (more story)
Canadian Mining Co., Mexico Move To Settle $1.3B Tax Feud
A Canadian mining company reached an agreement in principle with Mexico to settle a dispute over the validity of transfer pricing arrangements for offshore silver dealings by the company's subsidiary that have... (more story)
HMRC Details Soccer Tax Work Amid Man City Findings
The U.K. tax authority outlined its soccer compliance work to a parliamentary committee in a letter released Wednesday, but it remained silent on the findings of an independent soccer commission that Mancheste... (more story)
Raising Capital Gains Tax A Risky Move, Ex-Labour Aide Says
The U.K.'s Labour government should be wary of raising capital gains tax rates in its autumn budget given the risks for businesses and investment, a former adviser to Prime Minister Andy Burnham told a parliam... (more story)
Draft EU Tax Data Bill Leaves More Room For Rule Overlap
A new draft of a European Union bill on tax data exchanges seen Wednesday by Law360 removes a previously proposed ban on member states introducing or maintaining domestic data obligations that substantially du... (more story)
Trade Court Backs Commerce On Solar Module Duty Scope
The U.S. Department of Commerce properly determined an importer's solar-powered charging modules should be subject to countervailing and antidumping duties on Chinese solar cell products, according to an opini... (more story)
Deloitte Accused Of Helping Hide Abramovich's £508M Assets
Deloitte Cyprus helped falsify documents to conceal Russian billionaire Roman Abramovich's assets worth £508 million (£671 million), allegedly allowing him to evade a huge tax bill, according to the findings o... (more story)
The Federal Circuit said Wednesday that it won't reconsider its determination that the U.S. Court of International Trade properly found duty orders on certain heat-resistant bricks lack specific chemical makeu... (more story)
A Canadian mining company reached an agreement in principle with Mexico to settle a dispute over the validity of transfer pricing arrangements for offshore silver dealings by the company's subsidiary that have... (more story)
The U.K. tax authority outlined its soccer compliance work to a parliamentary committee in a letter released Wednesday, but it remained silent on the findings of an independent soccer commission that Mancheste... (more story)
The U.K.'s Labour government should be wary of raising capital gains tax rates in its autumn budget given the risks for businesses and investment, a former adviser to Prime Minister Andy Burnham told a parliam... (more story)
A new draft of a European Union bill on tax data exchanges seen Wednesday by Law360 removes a previously proposed ban on member states introducing or maintaining domestic data obligations that substantially du... (more story)
The U.S. Department of Commerce properly determined an importer's solar-powered charging modules should be subject to countervailing and antidumping duties on Chinese solar cell products, according to an opini... (more story)
Deloitte Cyprus helped falsify documents to conceal Russian billionaire Roman Abramovich's assets worth £508 million (£671 million), allegedly allowing him to evade a huge tax bill, according to the findings o... (more story)