Gov't May Struggle To Justify FBAR Calculations At High Court
Ohio Judge Bars Cleveland Tax On Remote Worker In Pa.
Big Tech Wants DST Removed In US-Kenya Trade Deal
Gov't May Struggle To Justify FBAR Calculations At High Court
The U.S. government has inconsistently administered the penalty calculation for nonwillful FBAR violations in a way that has yielded absurd results, tax professionals said, which may make it difficult to prove its position during U.S. Supreme Court arguments this fall.
Ohio Judge Bars Cleveland Tax On Remote Worker In Pa.
Cleveland cannot impose its income tax on a Pennsylvania resident who worked remotely in 2020 after the onset of the pandemic, an Ohio judge ruled Monday, emphasizing that the resident's out-of-state status was key to the decision.
Big Tech Wants DST Removed In US-Kenya Trade Deal
The U.S. Trade Representative should seek commitments from Kenya's government to remove the country's digital services tax and not pursue unilateral measures during ongoing negotiations, a lobbying group representing companies such as Google, Amazon and Facebook said.
Federal More
A corporate group doesn't owe $94 million in tax for 2013 because it wasn't obliged to include certain debt-related items in calculating its liabilities, but questions remain on whether it owes anything for 20... (more story)
A cannabis company accusing a banking firm of failing to pay millions in state taxes on its behalf asked a California federal judge for sanctions and a default judgment, saying the CEO lied during a deposition... (more story)
Free market advocates challenging the constitutionality of the Federal Communications Commission's fund for providing universal communication services have told the Sixth Circuit that the fees collected for th... (more story)
The IRS won't challenge a Tennessee federal court's decision setting aside an agency notice requiring the disclosure of microcaptive insurance arrangements, according to an order from the Sixth Circuit on Frid... (more story)
The IRS can proceed with a summons on a New York bank seeking the account records of clients who've received services from cryptocurrency platform sFOX as the agency probes whether they've complied with their ... (more story)
The U.S. government asked a Georgia federal court to order the former president of the Forsyth County Bar Association and his wife to pay $1.6 million in tax liabilities plus penalties, saying evidence of thei... (more story)
A federal judge sent a license tax dispute between Missouri's capital city and 21 telephone companies back to state court, rejecting arguments from AT&T, T-Mobile and Verizon entities that federal courts had j... (more story)
State & Local More
Pa. Tax Agency Rep Voices Concerns About Entity-Level Tax
A pending Pennsylvania bill that seeks to adopt an entity-level tax to bypass the $10,000 cap on state and local tax deductions includes an aggressive timeline that could complicate its initial administration,... (more story)
Remote Workers May Be Double-Taxed On Wages, Atty Says
Some states won't credit remote workers for income taxes paid to other states that apply so-called convenience of the employer rules, which can result in double taxation of their wages, an attorney at a tax co... (more story)
Hike In NJ Casino Payments Shouldn't Be Paused, Court Told
A nonprofit organization has called on a New Jersey state judge to reject the state's bid to pause his ruling invalidating a state law amendment that cut the annual payments Atlantic City casinos make to local... (more story)
Ark. Supreme Court OKs Pot Legalization Question
Arkansans will get to decide whether to legalize recreational marijuana in the general election this November after the state Supreme Court on Thursday reversed state officials' decision not to certify the referendum.
On And Off The Books: SALT In Review
From a ruling in South Carolina on the taxing of a bookseller's membership club sales to Louisiana's consideration of repealing its income taxes, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
Taxation With Representation: Sidley, Ropes & Gray, Slaughter
In this week's Taxation With Representation, Walgreens is buying a remaining stake in Shields Health Solutions, Schneider has agreed to acquire Aveva, Eataly has secured a majority investment from Investindust... (more story)
MVP: Sullivan & Cromwell's Isaac Wheeler
Isaac Wheeler of Sullivan & Cromwell LLP's tax practice led a team guiding AT&T to its $106.5 billion spinoff of WarnerMedia and merger with Discovery. He also advised Standard Industries Holdings on the tax a... (more story)
Retroactive Wayfair Application OK, Mass. Tells State Justices
The Massachusetts Department of Revenue asserted to the state's highest court that it should be able to retroactively apply the U.S. Supreme Court's 2018 Wayfair decision to assess use taxes against an out-of-... (more story)
La. Board Says Software Co. Qualifies As Manufacturer
A Louisiana business that creates software platforms qualifies as a manufacturer of tangible personal property and used the correct formula to calculate its corporate income and franchise tax liability, the st... (more story)
A pending Pennsylvania bill that seeks to adopt an entity-level tax to bypass the $10,000 cap on state and local tax deductions includes an aggressive timeline that could complicate its initial administration,... (more story)
Some states won't credit remote workers for income taxes paid to other states that apply so-called convenience of the employer rules, which can result in double taxation of their wages, an attorney at a tax co... (more story)
A nonprofit organization has called on a New Jersey state judge to reject the state's bid to pause his ruling invalidating a state law amendment that cut the annual payments Atlantic City casinos make to local... (more story)
Arkansans will get to decide whether to legalize recreational marijuana in the general election this November after the state Supreme Court on Thursday reversed state officials' decision not to certify the referendum.
From a ruling in South Carolina on the taxing of a bookseller's membership club sales to Louisiana's consideration of repealing its income taxes, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
In this week's Taxation With Representation, Walgreens is buying a remaining stake in Shields Health Solutions, Schneider has agreed to acquire Aveva, Eataly has secured a majority investment from Investindust... (more story)
Isaac Wheeler of Sullivan & Cromwell LLP's tax practice led a team guiding AT&T to its $106.5 billion spinoff of WarnerMedia and merger with Discovery. He also advised Standard Industries Holdings on the tax a... (more story)
The Massachusetts Department of Revenue asserted to the state's highest court that it should be able to retroactively apply the U.S. Supreme Court's 2018 Wayfair decision to assess use taxes against an out-of-... (more story)
A Louisiana business that creates software platforms qualifies as a manufacturer of tangible personal property and used the correct formula to calculate its corporate income and franchise tax liability, the st... (more story)
International More
EU Must Overcome Hungary's Veto On Min. Tax, Gentiloni Says
European Union tax commissioner Paolo Gentiloni said Monday that the EU remains committed to enacting bloc-wide global minimum tax rules and needs to overcome Hungary's veto by using "all the legal and politic... (more story)
Poland Mulls Windfall Profits Tax To Fund Energy Price Caps
Poland's Cabinet will discuss taxing extraordinary profits — including energy companies' — to fund a utilities price cap for local governments and sensitive customers during a meeting Tuesday, the state assets minister said.
Swiss Voters Narrowly Reject Scrapping Bond Tax
Swiss voters narrowly rejected eliminating the country's withholding tax on bond interest, voting down a proposal that was backed by business and the government but criticized by opponents as supporting the wealthy.
Atty Struck Off Over Role In $164M Pump-And-Dump Scheme
A London tribunal removed a Swiss attorney convicted in the U.S. for his part in a $164 million international pump-and-dump stock scheme from the roll of solicitors on Monday.
ECJ Signals Support For Gym In Belgian VAT Dispute
The European Court of Justice seemed to side with a Belgian fitness center operator Thursday, ruling that personal and group training services available at gyms can be subject to a reduced rate of value-added ... (more story)
Economic Crime Bill Offers Big Reforms To Tackle Dirty Funds
The government unveiled its second economic crime bill of the year Thursday, introducing legislation that would usher in the biggest reform of the U.K.'s corporate register in 170 years and increasing the Seri... (more story)
MVP: Skadden's Nathan W. Giesselman
Nathan W. Giesselman, tax partner at Skadden Arps Slate Meagher & Flom LLP, has worked on major deals, including a $30 billion joint venture where he represented Intel, earning him a spot among Law360's 2022 Tax MVPs.
European Union tax commissioner Paolo Gentiloni said Monday that the EU remains committed to enacting bloc-wide global minimum tax rules and needs to overcome Hungary's veto by using "all the legal and politic... (more story)
Poland's Cabinet will discuss taxing extraordinary profits — including energy companies' — to fund a utilities price cap for local governments and sensitive customers during a meeting Tuesday, the state assets minister said.
Swiss voters narrowly rejected eliminating the country's withholding tax on bond interest, voting down a proposal that was backed by business and the government but criticized by opponents as supporting the wealthy.
A London tribunal removed a Swiss attorney convicted in the U.S. for his part in a $164 million international pump-and-dump stock scheme from the roll of solicitors on Monday.
The European Court of Justice seemed to side with a Belgian fitness center operator Thursday, ruling that personal and group training services available at gyms can be subject to a reduced rate of value-added ... (more story)
The government unveiled its second economic crime bill of the year Thursday, introducing legislation that would usher in the biggest reform of the U.K.'s corporate register in 170 years and increasing the Seri... (more story)
Nathan W. Giesselman, tax partner at Skadden Arps Slate Meagher & Flom LLP, has worked on major deals, including a $30 billion joint venture where he represented Intel, earning him a spot among Law360's 2022 Tax MVPs.