Tax

  • June 28, 2022

    Ga. Panel Revives T-Mobile's $11M Equipment Tax Refund Bid

    The Georgia Court of Appeals vacated a trial court's decision Tuesday that wiped out a roughly $11 million sales tax refund for T-Mobile, saying the court applied the wrong standard of review in finding certain broadband network equipment taxable.

  • June 28, 2022

    US Seeks To Enforce Summonses In Captive Insurance Probe

    A Florida business owner refused to provide the Internal Revenue Service with all the documents it needs to investigate captive insurance transactions his companies made, the U.S. said in a federal court filing calling for their release.

  • June 28, 2022

    Denmark Asks Court To Keep $2.1B US Pension Tax Fraud Suit

    Several U.S. pension plans shouldn't be allowed to escape a suit from Denmark's tax agency claiming they committed a $2.1 billion fraud, the agency told a New York federal court, arguing the case doesn't impermissibly implicate foreign tax laws.

  • June 28, 2022

    Rising Star: Latham's Matthew Dewitz

    Latham & Watkins LLP partner Matthew Dewitz advised T-Mobile's blockbuster $59 billion merger with Sprint, Endeavor Group Holdings' acquisition of Ultimate Fighting Championship and Ortho Clinical Diagnostics in its acquisition by COVID-19 test-maker Quidel, earning him a spot among the tax attorneys under age 40 honored by Law360 as Rising Stars.

  • June 28, 2022

    Ernst & Young Fined $100M For Cheating On CPA Exams

    The U.S. Securities and Exchange Commission hit Ernst & Young LLP with a $100 million fine on Tuesday after the accounting giant admitted that its audit professionals cheated on certified public accountant license exams, and that it also withheld evidence of the cheating from the agency.

  • June 27, 2022

    Stanford International Chairman Seeks Ax Of SEC Ponzi Suit

    The chairman of the Stanford International Bank has asked a federal judge in Dallas to toss the U.S. Securities and Exchange Commission's long-running litigation accusing him of using companies under his control to run a $7.2 billion Ponzi scheme.

  • June 27, 2022

    Rising Star: Fried Frank's Shane C. Hoffmann

    Shane C. Hoffmann of Fried Frank Harris Shriver & Jacobson LLP has navigated the complex tax law implications of business deals for major clients in several transactions, earning him a spot among the tax law practitioners under age 40 honored as Law360 Rising Stars.

  • June 21, 2022

    NY AG Says Trump Satisfied Order That Prompted Contempt

    New York Attorney General Letitia James is "prepared to agree" that former President Donald Trump has satisfied a court order, which had led to his being found in contempt, in her probe into his business practices, an attorney from her office told the state court Tuesday.

  • June 24, 2022

    'Varsity Blues' Feds Seek 4 Years For Ex-Georgetown Coach

    Prosecutors in the "Varsity Blues" college admissions case asked a federal judge on Friday to send the former head tennis coach at Georgetown University to prison for four years for accepting more than $3.5 million in bribes as part of the wide-ranging scheme.

  • June 24, 2022

    Fla. Family Says Nelson Mullins Atty's Moves Cost Up To $62M

    The wealthy Florida family accusing a Nelson Mullins attorney of improperly setting up trusts to benefit one son over their other children put their damages expert on the stand Friday, telling jurors that the attorney's actions cost them $27 million to $62 million.

  • June 24, 2022

    New Troutman CPA-Atty Partner A 'Major Plus' For Tax Group

    Troutman Pepper has added a dual-licensed attorney-CPA as a partner in its national tax and benefits practice group in New York, the firm announced.

  • June 24, 2022

    Rising Star: Cravath's Andrew T. Davis

    Andrew T. Davis of Cravath Swaine & Moore LLP has played a lead role in structuring billion-dollar acquisitions across the globe, including transactions involving companies based in Australia and the Netherlands, earning him a spot among the tax attorneys under age 40 honored by Law360 as Rising Stars.

  • June 24, 2022

    Supreme Court Overturns Roe v. Wade

    The U.S. Supreme Court on Friday upheld a Mississippi abortion ban and overturned the constitutional abortion right established nearly 50 years ago in Roe v. Wade, setting the stage for a widespread rollback of abortion rights in many statehouses around the country.

  • June 23, 2022

    Family Knew Of Trust Moves By Nelson Mullins Atty, Jury Told

    Counsel for a Nelson Mullins Riley & Scarborough LLP estate planning attorney sued for malpractice by a wealthy Florida family grilled the family patriarch on Thursday, producing emails, meeting notes and documents showing the client knew and signed off on trusts and estate planning moves made by the attorney.

  • June 22, 2022

    Dr. Says Nelson Mullins Atty Knew Plan To Treat Kids Equally

    The patriarch of a wealthy Florida family suing its Nelson Mullins estate planning attorney took the stand Wednesday, telling jurors he took steps to minimize a windfall for one of his five children and made it clear to his attorney that he wanted to treat all of his children equally.

  • June 22, 2022

    Proposed Gas Tax Break Could Foil Infrastructure Upgrades

    President Joe Biden's call for Congress to suspend the federal gas tax may marginally blunt the pain that American consumers are feeling at the pump, but experts say it could also undermine recent efforts to boost funding for critical transportation infrastructure.

  • June 22, 2022

    Alleged VAT Fraud Ring Dodged $4.2M In Taxes, EU Says

    European authorities carried out 20 searches in four countries as part of an investigation into an alleged fraud outfit they believe evaded €4 million ($4.2 million) in value-added tax, a European Union agency said Wednesday.

  • June 22, 2022

    Seattle's 'Amazon Tax' Upheld By Wash. State Appeals Court

    Seattle's so-called Amazon tax, levied on the payroll expenses of large businesses within the city, is not unconstitutional, a Washington appeals court said, rejecting arguments that the tax targets the fundamental right to work for wages.

  • June 22, 2022

    Mass. Top Court Blesses 'Millionaires' Tax' Ballot Question

    The Massachusetts Supreme Judicial Court on Wednesday rejected a challenge to a ballot question on whether to impose a 4% tax on incomes over $1 million, allowing the issue to go to voters after an earlier version was struck down by a divided court.

  • June 21, 2022

    Expert Says Fla. Couple's Son Was Overpaid For CEO Work

    An executive compensation expert testified Tuesday that the son of a wealthy Florida couple was "excessively compensated" for the work he did as CEO of the company owned by his parents, who say their Nelson Mullins estate planning attorney mishandled trusts to heavily tip the scales in favor of the son over their other four children.

  • June 21, 2022

    Colorado High Court Says Family Leave Premium Not A Tax

    The Colorado Supreme Court threw out a challenge Tuesday to the state's paid family and medical leave program contending workers' payments slated to fund the program amounted to unconstitutional taxation, ruling the program was legal under state law.

  • June 21, 2022

    Once Avenatti Is Sentenced, Feds Plan To Drop Other Charges

    Now that Michael Avenatti has pled guilty to four counts of wire fraud and one of tax fraud without a plea deal, prosecutors told a California federal judge Tuesday that they plan to drop the remaining 31 charges against the disgraced attorney as soon as he is sentenced.

  • June 21, 2022

    Grant Thornton UK Adds Tax Specialist From HMRC

    Grant Thornton UK LLP added a former HM Revenue & Customs official as a tax risk management specialist who will support clients on tax governance, the firm announced.

  • June 21, 2022

    Hogan Lovells Silicon Valley Leader Jumps To Cleary

    Cleary Gottlieb Steen & Hamilton LLP announced on Tuesday it is bringing the former leader of Hogan Lovells' Silicon Valley office on board as a partner in the mergers and acquisitions group in its recently opened San Francisco office.

  • June 21, 2022

    Justices To Weigh Foreign Account Tax Penalty Limits

    The U.S. Supreme Court decided Tuesday to hear a dispute over the maximum penalty for failing to disclose foreign bank accounts to the IRS in a case that could resolve the limits of a $10,000 penalty for undeclared accounts.

Expert Analysis

  • Opinion

    Now's The Time To Address Archaic Law School Curricula

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    With law school enrollments jumping significantly ahead of a potential recession and more students graduating than the market can absorb, law schools should turn to creative solutions to teach students how to negotiate, work with clients, specialize and use technology to practice their craft more efficiently, says University of Colorado adjunct professor Jason Mendelson.

  • Employer Abortion Policy Considerations In A Post-Roe World

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    Restricted abortion access in many states after the U.S. Supreme Court’s expected reversal of Roe v. Wade may cause corporate recruitment and retention concerns, but before implementing policies that help employees access reproductive care, employers should consider their workforce’s values, legal risks and potential political backlash, says Meredith Kirshenbaum at Goldberg Kohn.

  • Lessons From Lawyer Fee-Sharing Agreements Gone Wrong

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    The recent fee-sharing dispute between Edelson and Girardi Keese is a reminder that lawyers who do not strictly follow the applicable rules may risk a disciplinary complaint, lose their share of the fee, or wind up in costly litigation with co-counsel, says David Grossbaum at Hinshaw.

  • 8 Steps To Creating A Legal Ops Technology Road Map

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    Legal departments struggling to find and implement the right technologies for their operations should consider creating a road map that summarizes their approach to technology changes, provides clearly defined metrics for success, and serves as the single source of truth for stakeholders, says Melanie Shafer at SimpleLegal.

  • The Importance Of Data And Data Analysis In Litigation

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    Understanding, analyzing and effectively presenting large data sets is an increasingly important skill in litigation as it allows plaintiffs to dramatically scale up the scope of cases and is often critical to defeating motions to dismiss and motions for summary judgment, says David Burnett at Motley Rice.

  • Steps Companies Can Take To Mitigate Privilege Labeling Risk

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    Although Google prevailed on a recent privilege labeling sanctions motion, an important takeaway from the decision is that companies should assess their in-house procedures and employee training programs regarding privileged communications to mitigate risks of the potential appearance of bad faith privilege claims, say Gareth Evans at Redgrave and e-discovery attorney James Hertsch.

  • What Litigation Funding Disclosure In Delaware May Look Like

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    A standing order issued by Delaware's chief federal judge requiring litigants to disclose whether their cases or defenses are being financed by third parties is unlikely to have onerous effects but may raise questions regarding potential conflicts of interest and access to justice, say Cayse Llorens and Matthew Oxman at LexShares.

  • How In-House Legal Leaders Can Drive Corporate Growth

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    Today, more executives are seeking legal leaders who are strategic, adaptable thinkers, making it essential that in-house counsel get out of their comfort zone of legal advice and take several steps to contribute toward revenue growth and raise their profile, says Tim Parilla at LinkSquares.

  • Mass. Bills Will Have Broad Impact On Cannabis Industry

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    Legislation recently passed by both chambers of the Massachusetts Legislature will make sweeping changes to the commonwealth’s cannabis industry, altering everything from municipal agreements to on-site consumption, and improving social equity while reducing businesses' tax burdens, says Cloe Pippin at Foley Hoag.

  • Attorneys Should Tread Carefully On Job Counteroffers

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    Promises of more compensation to keep attorneys from leaving their jobs have become commonplace in today's hot job market, but lawyers should weigh their options carefully as accepting a counteroffer can negatively affect their reputation, says Leeron Molloy at VOYlegal.

  • Series

    The Future Of Legal Ops: Time To Get Serious About Data

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    Most corporate legal departments collect surface-level data around their operations, such as costs and time to resolution, but legal leaders should explore more in-depth data gathering to assess how effective an attorney was, how efficiently legal work was performed, and more, says Andy Krebs at Intel.

  • Employer Considerations For Leave Donation Programs

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    As the battle for talent continues and workers return to the office, companies may consider allowing employees to donate accrued leave time to a shared bank, but employers should first review these programs' complex design issues to comply with state laws and avoid tax consequences, says Rebecca Hudson at Holland & Hart.

  • Opinion

    Critiques Of NY Tax Whistleblower Bill Are Untenable

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    Amending the New York False Claims Act to allow whistleblower actions against those who fail to file tax returns will combat invisible fraud and return stolen revenue to the state, and recent objections that the pending bill to do this would dangerously expand the act do not pass muster, say Neil Getnick and Courtney Finerty-Stelzner at Getnick & Getnick.

  • Ohio Tax Talk: Unpacking The New Property Tax Procedures

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    New procedures for challenging real property tax valuations in Ohio may reduce tax revenue for political subdivisions and school districts, but are also likely to help boost development in the state and streamline its real estate tax, say Yazan Ashrawi and Raghav Agnihotri at Frost Brown.

  • Opinion

    ABA Isn't Giving Up On Diversity Efforts By Ending CLE Rule

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    While some view the American Bar Association’s elimination of continuing legal education diversity requirements as capitulating to a Florida Supreme Court decision against the mandate, it was a strategic decision to serve Florida members while improving diversity, equity and inclusion efforts in other ways, says Tiffani Lee at Holland & Knight.

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