Fed. Circ. OKs How Commerce Filled Blank In Steel Duty Case
The U.S. Department of Commerce may apply adverse facts to a company that fails to propose reasonable alternatives for collecting information that would be unreasonably hard to obtain in an antidumping investigation, the Federal Circuit said in a precedential opinion upholding steel duties on German companies.
Mich. Housing Co-Op Suit On Hold After Disclosure Exemption
A Michigan federal judge hit pause on a lawsuit from a group of housing cooperatives to escape requirements of the Corporate Transparency Act after the Financial Crimes Enforcement Network said it would give U.S.-based entities a break from the rules.
Aramark's Agency Exclusion Claim Rejected By Ohio Justices
Aramark can't claim an agency exclusion on its gross receipts tax calculations for reimbursements it received from clients for purchases, the Ohio Supreme Court ruled Wednesday, affirming the state tax agency's denial of a roughly $908,000 tax refund claim from the food services company.
Fed. Circ. OKs How Commerce Filled Blank In Steel Duty Case
The U.S. Department of Commerce may apply adverse facts to a company that fails to propose reasonable alternatives for collecting information that would be unreasonably hard to obtain in an antidumping investigation, the Federal Circuit said in a precedential opinion upholding steel duties on German companies.
Mich. Housing Co-Op Suit On Hold After Disclosure Exemption
A Michigan federal judge hit pause on a lawsuit from a group of housing cooperatives to escape requirements of the Corporate Transparency Act after the Financial Crimes Enforcement Network said it would give U.S.-based entities a break from the rules.
Aramark's Agency Exclusion Claim Rejected By Ohio Justices
Aramark can't claim an agency exclusion on its gross receipts tax calculations for reimbursements it received from clients for purchases, the Ohio Supreme Court ruled Wednesday, affirming the state tax agency's denial of a roughly $908,000 tax refund claim from the food services company.
Federal More
Toyota said Wednesday that the U.S. Department of Justice has closed a long-running Foreign Corrupt Practices Act investigation concerning allegations of bribery at its Thai subsidiary, the latest such probe聽t... (more story)
Massachusetts federal prosecutors want a Pennsylvania inmate returned to the Bay State by July to face claims he impersonated a corporate executive and swiped an $810,000 tax refund bound for a Stamford, Conne... (more story)
A defunct Pennsylvania mushroom farm failed to pay the outstanding balance in a payroll tax fraud case that sent its owner to jail last year and owes more than $6 million worth of tax liens,聽the U.S. Departmen... (more story)
After decades of a quiet governmental acceptance of tax-exempt status, universities are facing unprecedented and public pressure to defend themselves, and must consider how to protect this valuable status, say... (more story)
The top Senate Democratic tax writer vowed Tuesday to try to protect clean energy tax provisions of the 2022 Inflation Reduction Act that would face an early repeal under the sweeping tax and budget legislatio... (more story)
Illinois-based toy makers challenging President Donald Trump's emergency tariffs on Tuesday requested the U.S. Supreme Court consider their case before it is reviewed by the D.C. Circuit, arguing a stay to an ... (more story)
The operator of a commodities scheme who evaded taxes and stole precious metals from his clients was sentenced to 65 years in prison and ordered to pay more than $75 million in restitution Tuesday by a Delawar... (more story)
State & Local More
La. Officials Probe Tax Dept.'s Capacity For Seller Audits
More enforcement is needed to ensure proper collection of taxes on remote sales, members of Louisiana's remote sellers commission said Wednesday, while noting challenges the state's tax department may face sho... (more story)
Square, Cash App Parent Wins Push To Slash Atlanta Tax Bill
A trial court correctly ruled聽that the parent company of online payment systems Square and Cash App didn't owe around $540,000 in business occupation tax to Atlanta,聽the Georgia Court of Appeals found, agreein... (more story)
Ill. Increases Sports Betting, Tobacco Tax And Taxes Airbnbs
Illinois increased its tax on sports betting and tobacco products and extended its tax on hotel operators to include聽short-term rentals like Airbnbs and聽Vrbos聽under a budget bill approved by the governor.
How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to ex... (more story)
Sam's Club $310M Tobacco Tax Bill OK'd By Ill. Appeals Panel
A Sam's Club outlet in Illinois was correctly assessed $310 million for its failure to pay county tobacco taxes on cigarettes it sold to out-of-county retailers, a state appeals panel said in a judgment, rever... (more story)
When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just ... (more story)
CORRECTED: Texas Tees Up Biz Property Tax Relief
Texas teed up an increase to its business personal property tax exemption and its homestead exemption under two bills signed Monday by Gov. Greg Abbott.
Minn. Scales Down, Extends Tax Break For Data Centers
Minnesota is repealing part of a tax break on purchases by large data centers while extending the remainder of the exemption under legislation signed by Democratic Gov. Tim Walz following a special session.
Ind. Net Revenue Through May Falls $28M Short Of Forecast
Indiana's net revenue collection from July through May missed a target by $28 million, a state agency reported.
More enforcement is needed to ensure proper collection of taxes on remote sales, members of Louisiana's remote sellers commission said Wednesday, while noting challenges the state's tax department may face sho... (more story)
A trial court correctly ruled聽that the parent company of online payment systems Square and Cash App didn't owe around $540,000 in business occupation tax to Atlanta,聽the Georgia Court of Appeals found, agreein... (more story)
Illinois increased its tax on sports betting and tobacco products and extended its tax on hotel operators to include聽short-term rentals like Airbnbs and聽Vrbos聽under a budget bill approved by the governor.
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to ex... (more story)
A Sam's Club outlet in Illinois was correctly assessed $310 million for its failure to pay county tobacco taxes on cigarettes it sold to out-of-county retailers, a state appeals panel said in a judgment, rever... (more story)
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just ... (more story)
Texas teed up an increase to its business personal property tax exemption and its homestead exemption under two bills signed Monday by Gov. Greg Abbott.
Minnesota is repealing part of a tax break on purchases by large data centers while extending the remainder of the exemption under legislation signed by Democratic Gov. Tim Walz following a special session.
Indiana's net revenue collection from July through May missed a target by $28 million, a state agency reported.
International More
Seychelles Co. Brings $22M Guinea Award To DC Circ.
A consulting company is asking the D.C. Circuit to revive its bid to enforce a $22 million arbitration award against the Republic of Guinea, contending that the lower court was wrong to toss the case on jurisd... (more story)
拢20M Buybacks Weren't Mainly For Tax Benefit, UK Court Says
Obtaining a tax advantage wasn't the main purpose of two businessmen arranging 拢20 million ($26.8 million) in share buybacks, despite that being the effect, so they aren't liable for an anti-avoidance action b... (more story)
DOJ Seeks 5 Years, $10M For Fla. Man Hiding Swiss Accounts
A Miami man who lied to authorities and others for decades about his Swiss bank accounts should pay $10.3 million in unpaid taxes and face a maximum five-year prison sentence based on his plea agreement, the U... (more story)
HMRC Challenges Tax Treatment Of Partnership Awards
HM Revenue & Customs told the U.K. Supreme Court on Tuesday that partnership awards allocated to a corporate entity and then distributed to partners should be taxed as if they were allocated to individual members.
US, UK Reach Trade Deal On Cars; Steel Tariffs Still Unresolved
President Donald Trump signed an order Monday enshrining the nation's new trade deal with U.K. governments under which the U.S. agreed to slash tariffs on 100,000 imported U.K. automobiles and auto parts, whil... (more story)
OECD Offers Template For Tax Crime Investigation Guidance
The Organization for Economic Cooperation and Development released standards Monday for jurisdictions to use when creating manuals to guide government agencies through tax crime investigations, with the aim of... (more story)
Israeli Businessman Found Liable For $3.2M Over FBARs
An Israeli businessman who was held in contempt of court for dodging discovery requests is liable for $3.24 million in penalties and interest for willfully failing to report his foreign bank accounts, accordin... (more story)
A consulting company is asking the D.C. Circuit to revive its bid to enforce a $22 million arbitration award against the Republic of Guinea, contending that the lower court was wrong to toss the case on jurisd... (more story)
Obtaining a tax advantage wasn't the main purpose of two businessmen arranging 拢20 million ($26.8 million) in share buybacks, despite that being the effect, so they aren't liable for an anti-avoidance action b... (more story)
A Miami man who lied to authorities and others for decades about his Swiss bank accounts should pay $10.3 million in unpaid taxes and face a maximum five-year prison sentence based on his plea agreement, the U... (more story)
HM Revenue & Customs told the U.K. Supreme Court on Tuesday that partnership awards allocated to a corporate entity and then distributed to partners should be taxed as if they were allocated to individual members.
President Donald Trump signed an order Monday enshrining the nation's new trade deal with U.K. governments under which the U.S. agreed to slash tariffs on 100,000 imported U.K. automobiles and auto parts, whil... (more story)
The Organization for Economic Cooperation and Development released standards Monday for jurisdictions to use when creating manuals to guide government agencies through tax crime investigations, with the aim of... (more story)
An Israeli businessman who was held in contempt of court for dodging discovery requests is liable for $3.24 million in penalties and interest for willfully failing to report his foreign bank accounts, accordin... (more story)