Featured Stories

Bolt Case Shows Divide Between New Tech, Old VAT Rules

Bolt's defeat at a London appeals court over whether its drivers qualified for special value-added tax treatment e... (more story)

Pennsylvania Skill Games Ruling Ups Ante For New Rules

The Pennsylvania Supreme Court's recent ruling that skill games are subject to the same oversight as slot machines... (more story)

The World's Biggest Data Center Market Is At A Crossroads

Public opposition has put Virginia's long-held status as a key hub for data center development in jeopardy, and th... (more story)

Federal More

States, Ex-IRS Officials Want Trump-IRS Deal Scrutinized

A coalition of 23 states and a group of former high-level Internal Revenue Service officials have pressed a Florida federal court to reopen Donald Trump's suit against the IRS and carefully scrutinize the resu... (more story)

Feds Say Consultant Shouldn't Get FARA Verdict Erased

The U.S. government told a Florida federal court there was "abundant" evidence to convict a political consultant of knowingly failing to register as a foreign agent as she helped draft a $50 million contract i... (more story)

US Played Key Role In Brazil's Joining OECD, Atty Says

The U.S. played an important role in Brazil's accession to the OECD in 2022, an attorney with Mayer Brown LLP in Rio de Janeiro said Tuesday in describing the country's yearslong journey.

Chancery OKs $29.5M Settlement In Chewy Shareholder Suit

Delaware's Chancery Court on Tuesday approved a $29.5 million settlement ending a derivative suit that accused a private equity firm of structuring a transaction that benefited it at Chewy Inc.'s expense, noti... (more story)

Customs Announces Second Phase Of Tariff Refund System

The second phase of a system for importers to claim refunds for tariffs struck down by the U.S. Supreme Court will become available June 29 for certain entries that have been subject to the reconciliation proc... (more story)

AI Not Ripe For Int'l Tax Discussions, US Official Says

Broadening discussions on international tax rules for the digital economy to include artificial intelligence would be a mistake, a U.S. official said Tuesday, adding that governments at the OECD continue to st... (more story)

Investors Say Franklin's Putnam Unit Overvalued Funds

Franklin Templeton's Putnam Funds failed to disclose accounting practices that led to inflated net asset value calculations and saddled investors with higher costs, according to a proposed $100 million class a... (more story)

State & Local More

Oil In Cos.' Tanks Is Taxable, County Tells Texas Justices

A Texas county asked the state Supreme Court to overturn an appeals court's ruling that oil stored by two companies wasn't taxable, saying a substantial amount of the oil wasn't bound for foreign markets.

Dunkin' Franchise Prevails In Challenge To NJ Food Tax Rule

The New Jersey Tax Court struck down a state rule that established a formula for taxing sales of prepared food, siding with a Dunkin' Donuts franchise in ruling that the regulation exceeded the scope of the st... (more story)

High Court Won't Wade Into Fight Over CBA Leave Provision

The U.S. Supreme Court on Monday turned down a Minnesota teachers union local's bid for review of an Eighth Circuit decision that revived a taxpayer challenge to a collective bargaining agreement's policy lett... (more story)

Comedian Carlos Mencia Charged In Calif. Tax Evasion Case

Comedian Carlos Mencia is facing felony tax evasion charges after California prosecutors say he failed to report $8.7 million in personal and corporate income, the Los Angeles County District Attorney's Office... (more story)

DOJ's Pot Shift Leaves Key Questions For Cannabis Industry

The Trump administration's recent moves to relax federal restrictions on marijuana through the administrative process will have unclear ramifications for all industry players unless Congress steps in to rewrit... (more story)

Pa. Land Trust's Exemption Must Be Revisited, Court Rules

A Pennsylvania trial court must reconsider the charitable use of land owned by a trust under an analysis provided by the appellate Commonwealth Court and reevaluate whether the land is eligible for a charitabl... (more story)

Va. Budget Deal Sets 2027 Launch For Retail Cannabis

Virginia's governor and lawmakers on Tuesday announced an agreement to tax and regulate the sale of adult-use cannabis with sales beginning in July 2027.

International More

Tax Certainty Generates Virtuous Cycles, Tax Exec Says

Companies will be willing to invest more in jurisdictions where they are certain of their tax treatment, generating more jobs and growth, a tax official from Anheuser-Busch InBev SA/NV said at a conference Mon... (more story)

US Fields Questions On Temporary Global Tariff At WTO

A World Trade Organization committee held a meeting Monday to exchange views on President Donald Trump's temporary global tariff set to expire in July, according to a news release.

Irish Payments Show IP Returning To US, Tax Pro Says

Ireland's payments to the U.S. for intellectual property showed a dramatic increase between 2020 and 2026, indicating that IP development returned to the U.S. after the implementation of the 2017 Tax Cuts and ... (more story)

UK Inheritance Tax Revenue Growth Slows

Inheritance tax receipts for April and May reached £1.4 billion ($1.8 billion) in a slight dip in tax revenue compared with the 2025 tax take, despite frozen tax thresholds, according to official data published Friday.

Securitization Cos. Can Duck EU Interest Limits, Adviser Says

Luxembourg correctly exempted securitization companies from the interest limitation rule under the European Union's anti-tax avoidance directive because they are comparable to financial undertakings that are e... (more story)

Medtronic Ruling Supports IRS In Amgen Case, Tax Court Told

The IRS urged the U.S. Tax Court to back the agency's decision to allocate drugmaker Amgen's profits from the company's Puerto Rican subsidiary, arguing that the Eighth Circuit's ruling in Medtronic's case sup... (more story)

Indian Court Sides With US Gem Co. In Transfer Pricing Row

A U.S. gem grading organization didn't have a taxable permanent establishment in India, and the government cannot tax royalties that the company refunded to its Indian counterpart, the Bombay High Court said in a judgment.