Tax

  • August 11, 2020

    Intuit Can Force TurboTax Row Into Arbitration, 9th Circ. Says

    TurboTax users agreed to arbitration when they signed up for the tax preparation software and can't sue Intuit over allegations they were inappropriately steered away from the free version of the service, the Ninth Circuit said Tuesday.

  • August 11, 2020

    Verizon Wants In On $1.6B Tax Suit Against Yahoo Successor

    Verizon should be allowed to intervene in the U.S. government's suit seeking $1.6 billion in taxes from dissolved Yahoo successor Altaba, because Verizon could have to foot some of the bill, the company told a Delaware federal court Tuesday. 

  • August 11, 2020

    DOJ Says Administrative Procedure Act Is Behind The Times

    The U.S. Department of Justice on Tuesday urged lawmakers to update a law that governs procedures for federal rulemakings, saying that in its current form, it fails to adequately promote accountability, transparency and public participation and isn't sufficient to deal with modern regulation.

  • August 11, 2020

    Coronavirus Regulations: A State-By-State Week In Review

    Financial relief from public and private sources poured in over the past week for multiple populations impacted by the COVID-19 pandemic, including Delaware and New Jersey renters, Garden State landlords and small businesses, and California small businesses.

  • August 11, 2020

    3 Takeaways From NY's False Claims Act Tax Law

    From adding more than half a billion dollars to state coffers to changing the way state tax lawyers practice, New York's false claims act tax law has profoundly affected the state tax landscape. Here, Law360 presents three takeaways.

  • August 11, 2020

    German Cops Launch Raids In Money Laundering, Tax Probes

    German authorities raided a business and private residence Tuesday as part of a money laundering and tax fraud investigation into a suspected network using offshore banks to recycle criminal proceeds.

  • August 10, 2020

    Italy OKs 2 Extra Years To Repay Pandemic-Suspended Taxes

    Italy is allowing tax payments that were suspended during the country's COVID-19 lockdown this spring to be repaid by the end of 2022 rather than by year's end, according to a government decree.

  • August 10, 2020

    Gibson Grabs Ex-Skadden Tax Partner For New York Office

    Gibson Dunn & Crutcher LLP has announced that a former Skadden Arps Slate Meagher & Flom LLP partner joined the firm's New York office as a partner this month.

  • August 10, 2020

    Ariz. Judge Tosses Challenge To Legal Pot Ballot Initiative

    An Arizona judge denied a bid to block from the November ballot an initiative that would ask voters to legalize and tax recreational marijuana, saying its summary wasn't misleading and succinctly informed the public of the petition's intent.

  • August 10, 2020

    Trump Demands Deeper Look Into Vance Criminal Probe

    President Donald Trump told a federal court on Monday that he should be allowed to conduct discovery into the scope of the Manhattan district attorney's arguments that a grand jury investigation into him is broader than so-called hush-money payments. 

  • August 10, 2020

    Uber And Lyft Can't Treat Calif. Drivers As Contractors

    Uber and Lyft must reclassify California drivers as employees, a state court judge said Monday in a pivotal win for state enforcers and workers' advocates that means the workers will get sick leave, wage minimums and other job protections.   

  • August 10, 2020

    Trump's Payroll Tax Order Throws Wrench Into Virus Talks

    Democrats are plotting ways to counter President Donald Trump's Saturday executive order deferring payroll taxes for workers earning less than $104,000, a move that upends ongoing talks to advance more ambitious relief measures in a potential bicameral pandemic response package.

  • August 10, 2020

    Fla. Panel Revises Disney Tax Ruling To OK Valuation Method

    A property valuation method a Florida appeals court previously held as illegal in a Disney property tax dispute does not violate state law, the appellate court said in a revised opinion.

  • August 07, 2020

    Ill. Mayor Charged With Bribery Plot, Filing False Tax Returns

    Federal prosecutors lobbed bribery charges Friday against the mayor of a Chicago suburb who they say requested and accepted cash, campaign contributions and other benefits from a red-light camera company that had been serving the municipality.

  • August 07, 2020

    Nev. Pot Regulators Sign Off On Settlement In License Fight

    Nevada's Cannabis Compliance Board voted Friday to approve a controversial partial settlement in the sweeping litigation over the state's marijuana licensing process over complaints from business owners who see the deal as a continuation of the favoritism alleged in the suit.

  • August 07, 2020

    Harvard Tax Clinic Urges 9th Circ. To Reconsider $2M Pot Row

    A Ninth Circuit panel erroneously dismissed a U.S. Tax Court petition by two cannabis companies for missing a filing deadline, meriting a reconsideration, a Harvard legal clinic told the circuit court in an amicus brief filed Friday.

  • August 07, 2020

    Full DC Circ. Leaves Border Wall Funding Dispute Unresolved

    In light of a full D.C. Circuit finding that the House can sue to enforce subpoenas, a majority of the court on Friday bounced the House's suit over whether the Trump administration can reallocate border wall funding to a three-judge panel to decide.

  • August 07, 2020

    Latham & Watkins Brings On Transactional Tax Pro In Calif.

    Latham & Watkins LLP has brought on a Simpson Thacher & Bartlett LLP partner who is experienced in advising private equity firms and leading companies on a range of sophisticated transactions to the firm's transactional tax practice in the Bay Area.

  • August 07, 2020

    Ex-Pa. Biofuel Exec Gets 7 Years After Fraud Conviction

    A disgraced former Pennsylvania biofuel executive was sentenced to seven years in federal prison Thursday after being convicted on charges that he used his company to bilk the government out of tens of millions of dollars' worth of industry subsidies.

  • August 07, 2020

    Taxation With Representation: Wachtell, Skadden, Latham

    In this week's Taxation With Representation, Marathon Petroleum sells Speedway in a $21 billion deal, Teladoc Health and Livongo ink a $18.5 billion merger, and a $16.3 billion Siemens buy creates the world's biggest cancer care provider.

  • August 07, 2020

    Questions Linger Over Coinbase's Potential Public Listing

    Coinbase's potential public listing would mark a breakthrough toward mainstream acceptance for the cryptocurrency industry, experts say, though legal and practical questions swirl around how the U.S.'s best-known crypto exchange will go about its plans.

  • August 07, 2020

    Coronavirus Q&A: Cassin Real Estate Leader

    In this edition of Coronavirus Q&A, one of Cassin's real estate leaders discusses the challenges of building affordable housing amid the pandemic, but also the continued lending activity for those projects from Fannie Mae and Freddie Mac.

  • August 07, 2020

    Full DC Circ. Says House Can Sue For McGahn's Testimony

    The D.C. Circuit ruled Friday that the U.S. House of Representatives may demand testimony from former White House Counsel Don McGahn.

  • August 06, 2020

    OECD To Consider Exemptions For New Tax System In Report

    An international consortium of tax officials negotiating a new global taxing system will consider whether to remove prescription drugs from the scope of taxation, as well as an expanded list of exemptions including fishing and agriculture, financial technology and shipping.

  • August 06, 2020

    NOL Flexibility Remains A Sticking Point In Virus Relief Bill

    Republicans are looking to help farmers by reshaping a newly enacted five-year carryback allowance for net operating losses, while Democrats may be losing ground in their drive to downsize the carryback incentive in legislation addressing economic fallout from the coronavirus.

Expert Analysis

  • Calif. Appellate Ruling May Trigger More Citizen Tax Initiatives

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    A California Court of Appeal's recent decision in the Matter of Proposition C allowed special taxes proposed by voter initiative to pass with a simple majority, narrowing the previous supermajority requirement, which will likely lead to an increase in tax initiatives proposed and passed by citizen groups, say Mike Shaikh and Nicole Ford of Baker McKenzie.

  • Lesser-Known Litigation Funding Best Practices For Attorneys

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    Following the American Bar Association's recent publication of third-party litigation funding guidance, Jiamie Chen and Dai Wai Chin Feman at Parabellum Capital outline some additional considerations, including the ethical limitations on single-case funding and the futility of economic prenegotiations between attorneys and their clients.

  • Canadian Tax Ruling Boosts Cross-Border Deal Confidence

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    The Queen v. Cameco Corp., a recent Canadian appellate decision and the first case to test Canada's transfer pricing recharacterization rules, has significant implications for cross-border intragroup transactions and the intersection of Canadian tax law with the Organization for Economic Cooperation and Development’s guidance, says Matt Billings at Duff & Phelps.

  • Opinion

    ADA Protects Lawyers With Disabilities, But We Must Do More

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    As an attorney with cerebral palsy, Danielle Liebl at Reed Smith says that while the 30-year-old Americans with Disabilities Act has protected her against discrimination, the legal industry must do more to accommodate lawyers with disabilities and make them more comfortable in self-identifying.

  • Perspectives

    Legal Deserts Threaten Justice In Rural America

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    Many small towns and rural counties have few lawyers or none at all, which threatens the notion of justice for all Americans and demands creative solutions from legislators, bar associations and law schools, says Patricia Refo, president of the American Bar Association.

  • Analyzing Upward And Downward Trends In Legal Tech

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    Advances in legal technology are often accompanied by bombastic overstatements, but it is important to separate the wheat from the chaff by looking at where various technologies stand on the hype curve, says Lance Eliot at Stanford Law School.

  • Opinion

    Congress Should Revisit CARES Act Tax Provisions

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    To bolster the Coronavirus Aid, Relief and Economic Security Act, Congress should consider provisions that accelerate tax refunds for net operating losses and abrogate flawed IRS Paycheck Protection Program guidance that undermines prior stimulus legislation by eliminating loan recipients' tax deductions, says Joseph Mandarino at Smith Gambrell.

  • Opinion

    ABA's New Guidance On Litigation Funding Misses The Mark

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    The American Bar Association should revise its recently approved best practices on third-party litigation funding as they do not reflect how legal finance actually works and could create confusion among lawyers, says Andrew Cohen at Burford Capital.

  • Regulatory Concerns For US Cos.' Offshore Service Centers

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    As more U.S. companies open and use offshore service-delivery centers amid the pandemic, assessment of important tax, intellectual property, cybersecurity and employment considerations can help mitigate regulatory risk and maximize the company's return on investment, says Sonia Baldia at Baker McKenzie.

  • What Firms Should Ask Before Hiring Attorneys From Gov't

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    In the final year of any presidential administration, there is an undeniable appetite on the part of large law firms for government-savvy legal talent, but firms need to first consider how they will actually utilize their new star hire, says Michael Ellenhorn at Decipher.

  • Ohio Tax Talk: Rethinking The Work-From-Home Tax

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    A recent lawsuit challenging Ohio’s new law that taxes employees working from home during the coronavirus state of emergency as if they were working at their old workplaces demonstrates that municipal income tax methods will need to evolve, says Christopher Tassone at Frost Brown.

  • The Ethics Of Using Chatbots For Legal Services

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    Delegating legal work to robots involves several risks, including running afoul of statutes dictating unauthorized practice of law, but with the right precautions, law firms can lawfully employ artificially intelligent chatbots that can imitate human conversations, say attorneys at Haynes and Boone.

  • Key Tax Considerations For Cos. With Remote Employees

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    As remote work continues due to COVID-19, businesses navigating complex tax jurisdiction questions should diligently maintain employee location records for nexus and apportionment purposes, and make sure to account for differing state withholding and sourcing rules, say attorneys at Ropes & Gray.

  • Tax Court Ruling Highlights Importance Of Formula Clauses

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    The recent Tax Court decision in Nelson v. Commissioner — a case involving transfer of interests in a family business — reflects that the intent of donors is only as strong as the precise language in the formula clause, say Carsten Hoffmann and John Ashbrook at Stout Risius and Eric Bardwell at Jeffer Mangels.

  • Opinion

    ABA Must Seize Opportunity To Respond To Bar Exam Chaos

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    The challenges of administering bar exams this year have put the future of the profession in jeopardy, but the American Bar Association at its ongoing annual meeting can adopt a resolution that would urge jurisdictions to take emergency actions with respect to licensure of new attorneys, says Nicholas Allard, former president of Brooklyn Law School.

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