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Catching Up With Delaware's Chancery Court

Amendments to Delaware's General Corporation Law topped the news out of the Court of Chancery again last week, as ... (more story)

Supreme Court Leaves Lifeline For Billionaire Income Tax

The U.S. Supreme Court narrowed but did not entirely block the path to billionaire income tax legislation when the... (more story)

The Tax Angle: More GOP TCJA Teams, Nonprofit Hospitals

From a look at efforts by the Republicans on the Senate Finance Committee to prepare for next year's expiration of... (more story)

Federal More

Billionaire Drops Case Against IRS Over Tax Info Leak

Billionaire hedge fund founder Ken Griffin dropped his case Monday seeking to hold the IRS accountable for the leak of his tax return information in a data breach that affected thousands of wealthy and powerfu... (more story)

Illinois, Other States Back FTC Bid To Affirm Intuit Ad Ruling

Illinois, along with 20 other states and the District of Columbia, defended the Federal Trade Commission in tax software giant Intuit's Fifth Circuit constitutional challenge to the agency's findings that the ... (more story)

Better Digital Tax Ban In Pillar 1 Treaty, Treasury Official Says

The final text of a multilateral convention to implement the OECD-designed taxing rights overhaul will include improved language to eliminate existing digital services tax and prohibit prospective ones, a U.S.... (more story)

Tax Preparers Win Recommendation For Class Cert. In OT Suit

A group of tax preparers have met the requirements to form a class in a suit accusing their former employer of failing to pay overtime, a New York federal magistrate judge said, rejecting the employer's argume... (more story)

IRS Finalizes Limits To Partnership Conservation Easements

The Internal Revenue Service finalized rules Monday that curb the conservation easement tax deduction claimed by certain partnerships, with some changes to last year's proposed version, such as limiting the op... (more story)

Julie Chrisley To Be Resentenced, But Convictions Stand

The Eleventh Circuit on Friday upheld the tax evasion and fraud convictions of former reality TV stars Todd and Julie Chrisley, but ordered a Georgia federal judge to resentence Julie Chrisley after finding th... (more story)

Supreme Court Won't Review Tax Challenge Deadline

The U.S. Supreme Court declined Monday to review a Third Circuit finding that the U.S. Tax Court's 90-day deadline for filing challenges to tax bills isn't hard and fast.

State & Local More

MTC Modifies Draft Rule On Sourcing Trucking Receipts

The Multistate Tax Commission released a tweak to its draft alternative trucking sourcing rule that would strictly source receipts from ground transportation companies to the state of delivery during a meeting Monday.

Recruitment Trends In Emerging Law Firm Frontiers

BigLaw firms are facing local recruitment challenges as they increasingly establish offices in cities outside of the major legal hubs, requiring them to weigh various strategies for attracting talent that pres... (more story)

Ore. High Court Affirms Tax On Out-Of-State Tobacco Co.

An out-of-state tobacco company is liable for Oregon's excise tax, the state high court said, agreeing with the Oregon Tax Court that the company's in-state sales activities nullified protections in federal la... (more story)

Texas Justices Say Settlement Doesn't Bar Oncor's Tax Fight

A settlement agreement doesn't preclude Texas power company Oncor from seeking to correct the value of its electric transmission lines on county appraisal rolls, the state's high court ruled Friday, weighing i... (more story)

Ex-Chicago Alderman Burke Can't Delay Sentencing

Former Chicago Alderman Ed Burke can't postpone his Monday sentencing on charges of racketeering, extortion and bribery to await a U.S. Supreme Court ruling on the scope of federal bribery law, an Illinois fed... (more story)

Ex-Mass. Pol Hit With New Charges In COVID Fraud Case

A former Massachusetts state senator already accused of pandemic-related fraud has been charged alongside his sister with attempting to cover up a scheme to make him eligible for unemployment benefits, the U.S... (more story)

Taxation With Representation: Travers Smith, Potamitis Vekris

In this week's Taxation With Representation, RSK Group Ltd. gets a £500 million ($632 million) investment, Boston Scientific Corp. acquires Silk Road Medical Inc., Masdar takes a part of Terna Energy SA, and T... (more story)

Trump Calls For Engoron's Recusal In Civil Fraud Case

Former President Donald Trump and other defendants fighting a $465 million civil fraud judgment called on New York Supreme Court Justice Arthur Engoron to recuse himself Thursday in light of a once-suspended r... (more story)

NY High Court To Review Tax On Co.'s Ad Analysis Services

New York's highest court agreed Thursday to hear a research company's appeal of a lower court's finding that its services that measure the effectiveness of advertising campaigns constitute taxable information services.

International More

Miner Wins $9.6M In Royalty Fight With Colombia

An international tribunal ordered Colombia to pay $9.56 million to a British mining and metals company following a dispute over royalties collected on a nickel mine, as the tribunal concluded that there had be... (more story)

UN Tax Work Threatens OECD's Progress, EU Official Says

The United Nations' efforts to consider international tax issues risk upending the early finished work of countries negotiating a global tax plan at the Organization for Economic Cooperation and Development, a... (more story)

German Banker's Cum-Ex Trial Dropped Due To Health

The former chairman of M.M. Warburg & Co. KGaA will not face trial for alleged dividend-tax evasion linked to cum-ex transactions spanning from 2006 to 2019 after a German court halted the trial due to his hea... (more story)

EU Dodges Hungary To Send Ukraine €1.4B In Russian Profits

European Union foreign ministers agreed Monday to send €1.4 billion ($1.5 billion) of windfall profits from frozen and immobilized Russian state assets in military support to Ukraine next month, finding a lega... (more story)

OECD Tax Plan Issues Still Being Hashed Out, US Official Says

Both the global minimum corporate tax and taxing rights overhaul plans designed by the Organization for Economic Cooperation and Development have outstanding issues that stakeholders are attempting to resolve,... (more story)

UK Tax Fraud Cases Rose 49% Over One-Year Period

The U.K. tax authority launched more criminal cases for tax fraud for the year ended June 30, 2023, increasing 49% from 63 cases for the previous year to 94, Pinsent Masons LLP said Monday.

USTR Warns Canada After Digital Services Tax Enactment

The U.S. Trade Representative's Office remains concerned about Canada's enactment of its digital services tax and is weighing options in defense of potential discrimination against U.S. businesses, a USTR offi... (more story)