Featured Stories

Can New Pensions Minister 'Serve Two Masters'?

A new British pensions minister with a foot in two competing government departments could help create a more coher... (more story)

Cannabis Industry Stakeholders Weigh In On Rescheduling

As the period for public comment on the Biden administration's proposal to reclassify marijuana came to a close Mo... (more story)

Hungary's EU Leadership Could Slow Tax Progress

Hungary's six-month term leading meetings of European Union ministers could hinder progress toward agreement on ta... (more story)

Federal More

Dentons Brings On Former Big 4 Exec As New Global CEO

Global law firm Dentons, which has made a name for itself by aggressive growth through combinations, has tapped a new global chief executive officer with leadership experience at accounting giant EY, the firm'... (more story)

House Delays Vote On FY25 IRS Budget Legislation

The House delayed an expected vote Tuesday on the Internal Revenue Service's budget for fiscal 2025, casting doubt on whether GOP lawmakers will meet their goal of passing the funding bill before Congress' ann... (more story)

Newell Says IRS Misapplied Pricing Law In $124M Dispute

Newell Brands told the U.S. Tax Court the Internal Revenue Service misapplied transfer pricing law to levy almost $124 million in additional taxes and penalties.

Feds Urge 6th Circ. To Affirm Pharma Owner's Fraud Sentence

The Sixth Circuit should affirm a district court's fraud convictions, nearly five-year sentence and $7 million restitution order against an Ohio pharmaceutical salesman who underreported his income to reduce h... (more story)

Farm Owner Must Boost Taxable Income, 8th Circ. Told

An Arkansas company that leases farmland must raise its reported income by $230,000 because it failed to get permission from the IRS to change its accounting method, the U.S. told the Eighth Circuit on Tuesday... (more story)

IRS Notice Signals Direction On Corp. AMT Regs, Official Says

An Internal Revenue Service notice regarding the U.S. corporate alternative minimum tax can be read as a signal about how the agency will more broadly address the measure's potential for counting offshore inco... (more story)

Winston & Strawn Adds MoFo Tax Pro As Partner In NY

Winston & Strawn LLP has added a transactional tax specialist from Morrison Foerster LLP as a partner with the firm's transactions department and tax practice in New York.

State & Local More

JetBlue Says Fla. Illegally Taxes Miles Flown Outside State

A Florida law that defines what counts as miles flown inside Florida for tax purposes unconstitutionally encompasses territory outside the state's boundaries, JetBlue told a state court.

Neb. Gov. Sets Guardrails On Proposed Sales Tax Expansion

Nebraska's governor said his plan to broaden the state's sales tax regime to pay for property tax relief won't tax agricultural items, manufacturing materials, food or services or items exempt in surrounding states.

Tax Foreclosure Kickback Suit Too Late, Mich. County Says

A Wayne County, Michigan, treasurer has argued in Michigan federal court that a putative class action accusing the county and other parties of engaging in a tax foreclosure and kickbacks scheme is time-barred.

Ariz. Justices OK Use Of Power Deal In Plant's Valuation

An Arizona power plant's income from a power purchase agreement may be considered in the income analysis of the valuation of the property, the state Supreme Court said, sending the matter back to the state tax court.

No Victims, No Fraud, Trump Says In $465M Judgment Appeal

Donald Trump has appealed the $465 million judgment against him, arguing that the New York attorney general exceeded her authority in her civil fraud suit against the former president because the statute in qu... (more story)

Lead Like 'Ted Lasso' By Embracing Cognitive Diversity

The Apple TV+ series “Ted Lasso” aptly illustrates how embracing cognitive diversity can be a winning strategy for teams, providing a useful lesson for law firms, which can benefit significantly from fresh, di... (more story)

Orrick Hires Ex-Winston & Strawn Tax Partner In Chicago

Orrick Herrington & Sutcliffe LLP announced the hiring of a former partner at Winston & Strawn LLP for its renewables tax equity and tax credit team.

Miss. Justices To Weigh Pipeline's Tax Bill On 3rd-Party Fees

The Mississippi Supreme Court agreed to hear the state tax agency's appeal of a trial court's ruling that negated a use tax assessment on third-party freight charges a pipeline company paid, opting to decide t... (more story)

Taxation With Representation: A&O Shearman, Gibson Dunn

In this week's Taxation With Representation, Cleveland-Cliffs Inc. buys Stelco Holdings Inc., KBR acquires LinQuest Corp., Blue Owl Capital Inc. purchases Atalaya Capital Management LP, and Amphenol Corp. buys... (more story)

International More

HMRC Wins Battle Over Candy Maker's Holiday Fund Scheme

HM Revenue & Customs has convinced an appeals tribunal that a Scottish sweet maker must compensate its employees for salary deductions it put aside in "holiday funds," with the judge finding the scheme ran afo... (more story)

Phillips Lytle Private Wealth Pro Joins Gunster In Florida

Gunster has announced that the firm picked up an of counsel for its private wealth services team in West Palm Beach, Florida, from Phillips Lytle LLP, as well as three associate attorneys.

India Eyes End Of Digital Tax For E-Commerce, But Not Ads

Foreign e-commerce companies would be exempted from India's equalization levy, a 2% digital tax, but online advertisers would continue to pay a 6% rate on gross revenues sourced to Indian customers under a bud... (more story)

EU Parliament's New Tax Group Head Has Eye On Evasion

The newly elected chair of the European Parliament's subcommittee on tax affairs said Tuesday that a major committee goal would be to examine the issue of tax fraud and evasion at a multinational level.

HMRC Wins Appeal Over Taxation Of Partnership Rewards

Financial rewards from a partnership were taxable as income even though they were made at the partnership's total discretion and the partners had no legally enforceable right to receive them, a London court ru... (more story)

Pension Plans Slam Biz Docs In $2B Danish Tax Fraud Case

Denmark's tax agency has produced experts who are relying on unauthenticated documents in litigation accusing U.S. pension plans of participating in a $2.1 billion fraud scheme, the pension plans claimed in ur... (more story)

Kyocera Failed To Back R&D Credits With Records, US Says

Multinational electronics maker Kyocera AVX Components Corp. failed to back up its claim to research tax credits with the required paperwork, the U.S. government told a South Carolina federal court in asking i... (more story)