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NC's GOP Sends Freeze On Property Tax Appraisals To Gov.
Some North Carolina residents' property tax appraisals would be frozen under a Republican-backed bill now on the desk of Gov. Josh Stein.
Fed. Circ. Pauses Trade Court's Limited Block Of Global Tariffs
The Federal Circuit halted a U.S. Court of International Trade ruling prohibiting the government from collecting temporary global tariffs on two retailers and the state of Washington while it considers whether those duties are lawful, according to an order Thursday.
Ariz. Panel OKs Compromise Plan For Federal Tax Conformity
Arizona would conform with most of last year's federal tax changes and a moratorium on sales tax breaks for new data centers under a compromise tax and budget package advanced by lawmakers Wednesday.
NC's GOP Sends Freeze On Property Tax Appraisals To Gov.
Some North Carolina residents' property tax appraisals would be frozen under a Republican-backed bill now on the desk of Gov. Josh Stein.
Fed. Circ. Pauses Trade Court's Limited Block Of Global Tariffs
The Federal Circuit halted a U.S. Court of International Trade ruling prohibiting the government from collecting temporary global tariffs on two retailers and the state of Washington while it considers whether those duties are lawful, according to an order Thursday.
Ariz. Panel OKs Compromise Plan For Federal Tax Conformity
Arizona would conform with most of last year's federal tax changes and a moratorium on sales tax breaks for new data centers under a compromise tax and budget package advanced by lawmakers Wednesday.
Federal More
A microcaptive insurance advisory firm asked the Sixth Circuit on Thursday to overturn a Tennessee federal court's ruling that a set of revised IRS rules requiring taxpayers to disclose some microcaptive arran... (more story)
Two investors accused an energy company of selling them fraudulent tax shelters marketed as tribal tax credits for $600,000 in a complaint filed in an Arkansas federal court.
A Michigan-based importer and seller of aftermarket auto parts that was stuck with added costs from U.S. Customs and Border Protection related to empty shipping containers has sued its freight-forwarding contr... (more story)
FedEx's case for an $89 million tax refund is supported by a decision in the U.S. Tax Court that outlined a formula for disallowing foreign tax credits and a Sixth Circuit decision about how to view the purpos... (more story)
A man found to have received income by using his company's cash as his own is on the hook for approximately $10.4 million in taxes and penalties, according to agreed-upon computations the taxpayer and the U.S.... (more story)
Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, prepar... (more story)
Drugmaker Amgen isn't entitled to amend its petition to protect against possible double taxation after an eight-week trial and briefing in its income-allocation case already have been completed, the U.S. Tax C... (more story)
State & Local More
Philly Budget Signed Without Hotel Tax Hike, Ride-Hail Tax
Philadelphia will not create a tax on ride-hailing trips, increase its hotel tax or charge a tax on retail deliveries after proposals by its mayor failed to make the final city budget.
Crazy Little Thing Called Unsound Tax Policy: SALT In Review
From Tennessee's taxing of prediction markets to Iowa's new exemption for bees, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
If Upheld, Wash. Millionaire Tax Could Upend State Law
The Washington Supreme Court could open the door to broader income, rental and corporate taxes if it defies precedent and the historically established desires of voters by redefining the state constitution's c... (more story)
Conn. Justices Order New Trial In $13.2M Estate Tax Fight
The Connecticut Supreme Court on Thursday ordered a new trial over the state's $13.2 million tax assessment against the estate of a health insurance executive who died in Florida, saying a trial judge should h... (more story)
RI Lawmakers Approve $15B Budget With Tax On Millionaires
Rhode Island lawmakers passed a $15.2 billion budget proposal including a surtax on income over $1 million that would increase during the next three years, sending it to the governor.
Former Sen. Tim Scott Staffer Joins K&L Gates In DC
A former committee staff director for U.S. Sen. Tim Scott, R-S.C., has been hired at K&L Gates LLP, the firm announced Wednesday, following her time as a senior vice president with a bipartisan government rela... (more story)
Tenn. Remittance Tax Is Unconstitutional, Fintech Group Says
A top fintech industry organization sued Wednesday to block an impending new Tennessee tax on outgoing international money transfers, challenging what the trade group contends is an unconstitutional toll on th... (more story)
Philadelphia will not create a tax on ride-hailing trips, increase its hotel tax or charge a tax on retail deliveries after proposals by its mayor failed to make the final city budget.
From Tennessee's taxing of prediction markets to Iowa's new exemption for bees, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
The Washington Supreme Court could open the door to broader income, rental and corporate taxes if it defies precedent and the historically established desires of voters by redefining the state constitution's c... (more story)
The Connecticut Supreme Court on Thursday ordered a new trial over the state's $13.2 million tax assessment against the estate of a health insurance executive who died in Florida, saying a trial judge should h... (more story)
Rhode Island lawmakers passed a $15.2 billion budget proposal including a surtax on income over $1 million that would increase during the next three years, sending it to the governor.
A former committee staff director for U.S. Sen. Tim Scott, R-S.C., has been hired at K&L Gates LLP, the firm announced Wednesday, following her time as a senior vice president with a bipartisan government rela... (more story)
A top fintech industry organization sued Wednesday to block an impending new Tennessee tax on outgoing international money transfers, challenging what the trade group contends is an unconstitutional toll on th... (more story)
International More
Ride App Bolt Can't Cut £190M VAT Bill After All, Court Rules
Ride-hailing giant Bolt can't apply a value-added tax margin scheme to reduce an estimated liability of £190 million ($254.9 million) because its services aren't comparable to travel agency or tour operator se... (more story)
Italy VAT Amnesty Breaches EU Law, Court Adviser Says
Italy's simplified system to help companies resolve their value-added tax disputes by letting them pay only a fraction of their liabilities violates European Union requirements for bloc members to collect VAT ... (more story)
EU Draft Budget Omits Digital Tax, Outlines New Revenues
The Council of the European Union's presidency presented a plan for the next long-term EU budget that does not include proposed taxes on digital services, online gambling and crypto-assets that were under consideration.
4 Members Of £23M Crypto Money Laundering Ring Jailed
The leaders of a £23.4 million ($31.3 million) money laundering ring that cleaned money for Irish and Kurdish organized criminals were sentenced to a total of more than 27 years imprisonment at a London court Friday.
Ex-Bank Chief Admits Role In Odebrecht Tax Evasion Plot
The former CEO of Austrian lender Meinl Bank AG on Thursday pled guilty in Brooklyn federal court after a yearslong fight over accusations he helped Odebrecht SA hide $170 million in funds used to bribe offici... (more story)
British Airways Hotel Costs Are Tax-Deductible, Tribunal Told
The cost of hotel rooms for cabin crew members serving on back-to-back flights is tax-deductible because overnight stays such as those are part of the employees' duties, British Airways told a London tribunal Thursday.
KC In £2M Evasion Case Defends 'Efficient' Tax Setup
A senior barrister accused of cheating the public purse out of almost £2 million ($2.7 million) told a court Thursday that he had set up "tax-efficient" arrangements which "anyone with any sense would use."
Ride-hailing giant Bolt can't apply a value-added tax margin scheme to reduce an estimated liability of £190 million ($254.9 million) because its services aren't comparable to travel agency or tour operator se... (more story)
Italy's simplified system to help companies resolve their value-added tax disputes by letting them pay only a fraction of their liabilities violates European Union requirements for bloc members to collect VAT ... (more story)
The Council of the European Union's presidency presented a plan for the next long-term EU budget that does not include proposed taxes on digital services, online gambling and crypto-assets that were under consideration.
The leaders of a £23.4 million ($31.3 million) money laundering ring that cleaned money for Irish and Kurdish organized criminals were sentenced to a total of more than 27 years imprisonment at a London court Friday.
The former CEO of Austrian lender Meinl Bank AG on Thursday pled guilty in Brooklyn federal court after a yearslong fight over accusations he helped Odebrecht SA hide $170 million in funds used to bribe offici... (more story)
The cost of hotel rooms for cabin crew members serving on back-to-back flights is tax-deductible because overnight stays such as those are part of the employees' duties, British Airways told a London tribunal Thursday.
A senior barrister accused of cheating the public purse out of almost £2 million ($2.7 million) told a court Thursday that he had set up "tax-efficient" arrangements which "anyone with any sense would use."