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Neb. Tax Dept. Ordered By Court To Rethink Apple's Tax Bill
The Nebraska Department of Revenue must find another apportionment method when determining Apple's corporate income tax liability because it improperly considered the company's foreign earnings to boost that tax bill, a state court ruled.
BREAKING: US To Impose Widespread Tariffs As Temporary Duties Expire
Tariffs covering most imports into the U.S. at 10% and 12.5% will take effect Friday as President Donald Trump's temporary global duty expires, the office of the U.S. trade representative announced Thursday.
Senate Finance Committee Clears 4 Trump Treasury Picks
The Senate Finance Committee approved President Donald Trump's picks for four top positions at the U.S. Treasury Department in a series of party-line votes Thursday, sending their nominations to the full Senate.
Federal More
A staffing and recruiting company asked a Texas federal court for an employee retention tax credit refund of nearly $570,000, which the company said it timely claimed but remains unpaid by the IRS.
A customer of Kate Hudson's activewear business Fabletics has dropped her claim for refunds of global tariffs she alleged the actress's company passed onto customers before the U.S. Supreme Court found them illegal.
The U.S. will allocate a large portion of its fiscal 2027 tariff rate quotas for refined sugar products and certain sugar-containing goods to Canada, according to a notice published Wednesday by the office of ... (more story)
A Georgia partnership told the U.S. Tax Court that the IRS erred in denying its $53.9 million deduction for 243 acres donated to a conservation group in 2021, citing an exploration report that said the land co... (more story)
The House Ways and Means Committee passed several bills Wednesday that would impose limits and reporting requirements on tax-exempt organizations, including legislation to require those organizations to report... (more story)
The founder of a Colorado coffee equipment provider induced a California coffee equipment manufacturer and its president to acquire the company by hiding its true tax designation on a loan application, the com... (more story)
A Canadian man living in the United States should remain on the hook for more than $700,000 in penalties for failing to report foreign bank accounts, the U.S. government told a Washington federal court, arguin... (more story)
State & Local More
Inside Differing State Approaches To Prediction Market Taxes
As states adopt divergent approaches to prediction market platforms through both legislation and litigation, and the landscape is anything but settled, the emerging patchwork of state taxes on prediction marke... (more story)
NY Panel Rejects Paychex Challenge To Apportionment Rules
Paychex can't proceed in state court with claims against New York tax rules that pertain to certain expense reimbursements to professional employer organizations, an appeals court ruled Thursday, saying it mus... (more story)
Mass. Court Affirms License Loss In Lotto Ticket Scheme
An intermediate appellate court in Massachusetts on Wednesday affirmed the permanent revocation of lottery sales licenses for two convenience store owners who allegedly played significant roles in a scheme to ... (more story)
Illinois Crypto Tax Unfairly Targets Traders, Suit Says
Illinois' new tax on cryptocurrency, the first in the nation, discriminates against those who trade in crypto and is illegal, a trade group argued in a complaint in a state court.
Mo. Historic Tax Credits Aren't Earned Income, Court Affirms
Historic tax credits received for rehabilitating a Missouri building are not considered income subject to St. Louis' earned income tax, a state appeals court affirmed.
Trump's Expiring Global Tariff Is Valid, US Tells Fed. Circ.
President Donald Trump's temporary global tariff is lawfully authorized under a statute allowing the executive branch to address serious balance-of-payment deficits, a term that can easily be construed to incl... (more story)
Wis. Village Can't Void Tribal Land Trust Order, 7th Circ. Told
The U.S. Department of the Interior is asking the Seventh Circuit to reject a Wisconsin village's appeal that seeks to undo the agency's decision to place 500 acres into trust for the Oneida Nation, arguing th... (more story)
As states adopt divergent approaches to prediction market platforms through both legislation and litigation, and the landscape is anything but settled, the emerging patchwork of state taxes on prediction marke... (more story)
Paychex can't proceed in state court with claims against New York tax rules that pertain to certain expense reimbursements to professional employer organizations, an appeals court ruled Thursday, saying it mus... (more story)
An intermediate appellate court in Massachusetts on Wednesday affirmed the permanent revocation of lottery sales licenses for two convenience store owners who allegedly played significant roles in a scheme to ... (more story)
Illinois' new tax on cryptocurrency, the first in the nation, discriminates against those who trade in crypto and is illegal, a trade group argued in a complaint in a state court.
Historic tax credits received for rehabilitating a Missouri building are not considered income subject to St. Louis' earned income tax, a state appeals court affirmed.
President Donald Trump's temporary global tariff is lawfully authorized under a statute allowing the executive branch to address serious balance-of-payment deficits, a term that can easily be construed to incl... (more story)
The U.S. Department of the Interior is asking the Seventh Circuit to reject a Wisconsin village's appeal that seeks to undo the agency's decision to place 500 acres into trust for the Oneida Nation, arguing th... (more story)
International More
Author Trust Royalties Are Capital, Not Income, UK Court Says
Royalty payments accrued in a family trust for the grandchildren of the author of the "Thomas the Tank Engine" books should be considered capital for trust law purposes instead of income, a London court found,... (more story)
Owner Of Dissolved UK Biz Allowed To Fight Capital Gains Tax
A London court declined to toss a taxpayer's challenge to a capital gains tax bill on a £1.6 million ($2.1 million) payout he made before liquidating his company, while dismissing his claims of double taxation... (more story)
UK Lawmakers Call For Tax Cut For Hiring Young Workers
The U.K. government should cut payroll tax for employers that hire workers under 25 since more than 1 million young people are unemployed and outside of education or training, a parliamentary committee says in a report.
HMRC Investigating 13 Cos. For Failure To Prevent Tax Fraud
Britain's tax authority is carrying out 13 investigations into companies over allegations that they failed to prevent the facilitation of tax fraud, with dozens more under review after criticism that the tax a... (more story)
Nintendo Seeks Game Over For Tariff Refund Class Suit
A proposed class action looking to force Nintendo to reimburse customers for increased costs that were explicitly tied to President Donald Trump's now struck-down tariff regime should be handled in arbitration... (more story)
Trump Unveils 50% Canada Tariffs Over 'Trade Discrimination'
President Donald Trump Monday unveiled plans for 50% tariffs on a slew of Canadian products, including alcoholic beverages, dairy products and motor vehicles, pointing to "discriminatory treatment of U.S. comm... (more story)
DOJ Hints Russian Court Ruling May Not Stop $5B Award
The Trump administration on Monday urged the D.C. Circuit to closely evaluate a Russian court's determination that an underlying arbitration agreement is invalid as it weighs whether to enforce a nearly $5 bil... (more story)
Royalty payments accrued in a family trust for the grandchildren of the author of the "Thomas the Tank Engine" books should be considered capital for trust law purposes instead of income, a London court found,... (more story)
A London court declined to toss a taxpayer's challenge to a capital gains tax bill on a £1.6 million ($2.1 million) payout he made before liquidating his company, while dismissing his claims of double taxation... (more story)
The U.K. government should cut payroll tax for employers that hire workers under 25 since more than 1 million young people are unemployed and outside of education or training, a parliamentary committee says in a report.
Britain's tax authority is carrying out 13 investigations into companies over allegations that they failed to prevent the facilitation of tax fraud, with dozens more under review after criticism that the tax a... (more story)
A proposed class action looking to force Nintendo to reimburse customers for increased costs that were explicitly tied to President Donald Trump's now struck-down tariff regime should be handled in arbitration... (more story)
President Donald Trump Monday unveiled plans for 50% tariffs on a slew of Canadian products, including alcoholic beverages, dairy products and motor vehicles, pointing to "discriminatory treatment of U.S. comm... (more story)
The Trump administration on Monday urged the D.C. Circuit to closely evaluate a Russian court's determination that an underlying arbitration agreement is invalid as it weighs whether to enforce a nearly $5 bil... (more story)