Eiko Stange, a member of Wachtell Lipton Rosen & Katz's tax practice, was lead counsel on OpenAI's corporate restructuring and recapitalization, advised Honeywell on its aerospace business's $72 billion spinoff and oversaw...(read more)

The U.S. Tax Court properly ruled that an Oklahoma couple owe roughly $260,000 in taxes and penalties because their ranch wasn't operated for profit as they had asserted, the IRS told the Tenth Circuit, saying they lacked ...(read more)

A U.S. Virgin Islands federal judge declined to rethink his order holding that the territory's residents are exempt from the net investment income tax, ruling that local revenue collectors' disagreement with his reasoning ...(read more)

Faegre Drinker Biddle & Reath LLP has hired a Morgan Lewis & Bockius LLP tax associate as a partner, who is joining the firm in Philadelphia to continue working on federal income tax and other tax matters, according to a W...(read more)

Former SCOTUSblog publisher Tom Goldstein was hit with a $1 million forfeiture order Wednesday by a Maryland federal judge in the wake of his tax and mortgage fraud trial, where the appellate advocate was convicted on a do...(read more)

The IRS erred in denying a $739 million capital loss to an Illinois tool company as well as determining it owes more than $26 million in taxes for 2019 through 2021 and denying its request for a $32 million refund for thos...(read more)

A consumer advocacy organization and an ethics watchdog group urged the Eleventh Circuit on Wednesday to affirm a Florida federal judge's order finding President Donald Trump's $10 billion suit against the IRS and the resu...(read more)

A New York state appeals court threw out a challenge lodged by homeowners to the rollout of New York City's tax on high-value second homes, saying they lacked standing to bring the suit.

Florida Gov. Ron DeSantis said Wednesday that he will call a special session for lawmakers to implement the homestead exemption hike approved by voters Tuesday, a measure expected to significantly reduce local property tax...(read more)

Paul Weiss Rifkind Wharton & Garrison LLP partner Brian Krause assisted drug company Metsera in its up-to-$10 billion acquisition by Pfizer and served as the lead tax counsel during Keurig Dr Pepper's $18.4 billion acquisi...(read more)

A public database tracking cases involving hallucinations generated by artificial intelligence recently surpassed 2,200 entries, but the bigger risk underlying attorneys’ use of such tools is that they will slowly surrende...(read more)

Three incumbent Washington State Supreme Court justices held off challengers in Tuesday's election, and King County Superior Court judges emerged as front-runners for two other open spots on the state high court, according...(read more)

Future proposals to raise Iowa state income taxes will need supermajority approval from lawmakers under a ballot measure passed by voters Tuesday.

Peter Schuur, chair of Debevoise & Plimpton LLP's global tax practice, steered the tax strategy for Warner Bros. Discovery's $110 billion sale to Paramount Skydance, earning him a spot as one of the 2026 Law360 Tax MVPs.

Home Depot said it opposed combining every proposed customer class action over increased costs from tariffs into multidistrict litigation, claiming there are too many economic differences between the suits. 

The financial watchdog said Thursday that it has prevented a debt collection firm from pursuing workers for repayment of tax avoidance scheme loans, after the debts were sold to a company that is not authorized by the regu...(read more)

The $2 million in civil penalties imposed on a dead man for violating foreign bank account reporting rules when he was alive is not excessive, the U.S. government told the Ninth Circuit in a bid to collect the penalties fr...(read more)

The European Commission decided not to ax a digital services tax proposal in its 2027 work program despite a lack of progress, according to a final version of its agenda for the coming year seen Wednesday by Law360.

The High Court of Australia on Wednesday ruled 6-1 to uphold a ruling that drivers "supply" driving services to rideshare giant Uber, finding the drivers' contracts with the company are relevant contracts under New South W...(read more)

The European Commission plans to withdraw a series of tax initiatives stuck in the legislative pipeline because the bills are not able to secure the support of all member states, according to a draft of its 2027 work progr...(read more)

Multinational companies shouldn't get a free pass on reporting potentially harmful cross-border tax arrangements to European Union countries because they're within the scope of the 15% global minimum tax, an EU lawmaker le...(read more)