US Coverage
Law360 | The Practice of Law
State Specific Coverage
Law360 Authority | Deep News & Analysis
Apportionment Fights Likely To Persist After High Court Pass
Florida's unsuccessful bid to have the U.S. Supreme Court review a special apportionment rule in California highlights the discontent businesses have expressed against a patchwork of state apportionment methods and could signal that more such disputes are on the horizon.
Attys, Broker Lose 4th Circ. Bid To Toss Tax Convictions
The Fourth Circuit on Tuesday affirmed the convictions of a father-daughter attorney duo and an insurance agent in a $22 million tax avoidance scheme, rejecting their arguments that the calculations on the allegedly false tax forms were technically true and the venue was improper.
European Parliament To Cut Carbon Tax Waiver, Official Says
The European Parliament is likely to dismiss a proposed carbon tax exemption for vulnerable sectors when it votes on legislative changes later this year, a European Union lawmaker said Tuesday.
Apportionment Fights Likely To Persist After High Court Pass
Florida's unsuccessful bid to have the U.S. Supreme Court review a special apportionment rule in California highlights the discontent businesses have expressed against a patchwork of state apportionment methods and could signal that more such disputes are on the horizon.
Attys, Broker Lose 4th Circ. Bid To Toss Tax Convictions
The Fourth Circuit on Tuesday affirmed the convictions of a father-daughter attorney duo and an insurance agent in a $22 million tax avoidance scheme, rejecting their arguments that the calculations on the allegedly false tax forms were technically true and the venue was improper.
European Parliament To Cut Carbon Tax Waiver, Official Says
The European Parliament is likely to dismiss a proposed carbon tax exemption for vulnerable sectors when it votes on legislative changes later this year, a European Union lawmaker said Tuesday.
Federal More
A former congressman urged a Florida federal court to overturn a jury verdict finding him guilty of secretly lobbying for Venezuela's leftist regime for $50 million, arguing several missteps by the court resul... (more story)
Several bills under discussion in the House would clarify tax rules for digital assets and address gaps in the current tax system, stakeholders told the House Ways and Means Committee on Tuesday ahead of an ex... (more story)
A U.S. Court of International Trade judge spent much of an hour-plus hearing Tuesday attempting to talk the federal government out of appealing his order requiring immediate refunds of President Donald Trump's... (more story)
A partnership improperly inflated the value of a North Carolina conservation easement donation to nearly $12 million to claim a sizable charitable tax deduction and failed to support the valuation, the IRS tol... (more story)
The race to build the legal industry's largest law firm accelerated in 2025, with major firms leaning on mergers, lateral hiring and strategic expansion to climb the ranks of the Law360 400.
Paul Weiss Rifkind Wharton & Garrison LLP has hired a tax partner from Gibson Dunn & Crutcher LLP who spent over 15.5 years there advising investment funds, private equity sponsors and other clients on tax planning issues.
A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as w... (more story)
State & Local More
States Grapple With Sourcing Taxes On College NIL Pay
Sourcing income paid to student athletes has become a complex endeavor for states, athletes and their representatives amid different kinds of income and a patchwork of state policies, tax professionals said Tuesday.
Insurance Co. Wins New Look At $11M Wash. Tax Bill
A Washington appeals court panel agreed Tuesday to partially reconsider its March reversal of a tax award of nearly $11 million to a title insurance provider, announcing it had withdrawn the previous decision ... (more story)
Fiserv Unit Urges Ohio Justices To Rule In Sales Tax Case
The Ohio Supreme Court should rule on the remaining sales tax issues in a Fiserv subsidiary's case, despite the Board of Tax Appeals remanding the case to the tax commissioner for further analysis, the subsidi... (more story)
Neb. Tax Board Upholds Hotel's $1.8M Valuation
Nebraska's tax board upheld the $1.8 million valuation of a hotel, saying that testimony from the property owner's corporate officer didn't warrant cutting its appraisal by more than $1 million.
NHL Team Plans Move To New Arena In Dallas Suburb
The Plano, Texas, City Council has approved a letter of intent with the Dallas Stars on plans to build the NHL team a new arena, signaling a move from the downtown Dallas arena where they have played since 2001.
Mo. Justices Won't Revisit Redo Of Sales Tax Ballot Measure
The Missouri appellate court's rewriting of a ballot measure's language for a proposed constitutional amendment that would phase out Missouri's income tax will remain, as the state Supreme Court declined Monda... (more story)
Energy Transactions Atty Returns To McGuireWoods In SF
A senior vice president with Aon's global mergers and acquisitions and transactions solutions team has rejoined McGuireWoods LLP as a partner in San Francisco, the firm announced Monday.
Sourcing income paid to student athletes has become a complex endeavor for states, athletes and their representatives amid different kinds of income and a patchwork of state policies, tax professionals said Tuesday.
A Washington appeals court panel agreed Tuesday to partially reconsider its March reversal of a tax award of nearly $11 million to a title insurance provider, announcing it had withdrawn the previous decision ... (more story)
The Ohio Supreme Court should rule on the remaining sales tax issues in a Fiserv subsidiary's case, despite the Board of Tax Appeals remanding the case to the tax commissioner for further analysis, the subsidi... (more story)
Nebraska's tax board upheld the $1.8 million valuation of a hotel, saying that testimony from the property owner's corporate officer didn't warrant cutting its appraisal by more than $1 million.
The Plano, Texas, City Council has approved a letter of intent with the Dallas Stars on plans to build the NHL team a new arena, signaling a move from the downtown Dallas arena where they have played since 2001.
The Missouri appellate court's rewriting of a ballot measure's language for a proposed constitutional amendment that would phase out Missouri's income tax will remain, as the state Supreme Court declined Monda... (more story)
A senior vice president with Aon's global mergers and acquisitions and transactions solutions team has rejoined McGuireWoods LLP as a partner in San Francisco, the firm announced Monday.
International More
Barclays Wins Bid To Appeal Denial Of £800M Tax Deduction
A lower tribunal made errors and must reconsider its ruling against Barclays Bank and in favor of Britain's tax authority regarding an £800 million ($1.1 billion) corporate tax deduction dating back to a deal ... (more story)
1.4M People Taken To Court Over UK Council Tax, Report Says
Local authorities in Britain sent court summonses to more than 1.4 million people over unpaid council tax debt in the financial year 2024-25, according to a report published Tuesday by a British labor union.
Liberty Global Seeks Rehearing In $2.4B Tax Substance Fight
Telecommunications firm Liberty Global wants another shot at showing the Tenth Circuit that it's entitled to a $2.4 billion deduction linked to transactions with foreign affiliates, claiming the court misappli... (more story)
McKesson Can't Defeat Valid Cost-Sharing Rules, Gov't Says
The U.S. government urged a Texas federal court to uphold transfer pricing regulations that pharmaceutical giant McKesson is challenging in its push for a nearly $10 million tax refund, arguing the rules fall ... (more story)
Inheritance Tax Penalties Surge By 35%, Data Shows
Britain's tax authority imposed 35% more penalties for late inheritance tax returns in tax year 2024-25 compared with 2020-21, according to government data released by a law firm Saturday.
11th Circ. Lets Man Fight $2.2M FBAR Penalties As Excessive
A Georgia federal court correctly found that the owner of a sports equipment business willfully failed to disclose his foreign bank accounts, but it must give him a chance to challenge $2.2 million in resultin... (more story)
Abbott Says Timing Mismatch Lets $8B Gain Go Untaxed
Abbott Laboratories asked the U.S. Tax Court to find that it needn't recognize an $8 billion gain in 2020 from transactions between several of its controlled foreign corporations because of a mismatch in the e... (more story)
A lower tribunal made errors and must reconsider its ruling against Barclays Bank and in favor of Britain's tax authority regarding an £800 million ($1.1 billion) corporate tax deduction dating back to a deal ... (more story)
Local authorities in Britain sent court summonses to more than 1.4 million people over unpaid council tax debt in the financial year 2024-25, according to a report published Tuesday by a British labor union.
Telecommunications firm Liberty Global wants another shot at showing the Tenth Circuit that it's entitled to a $2.4 billion deduction linked to transactions with foreign affiliates, claiming the court misappli... (more story)
The U.S. government urged a Texas federal court to uphold transfer pricing regulations that pharmaceutical giant McKesson is challenging in its push for a nearly $10 million tax refund, arguing the rules fall ... (more story)
Britain's tax authority imposed 35% more penalties for late inheritance tax returns in tax year 2024-25 compared with 2020-21, according to government data released by a law firm Saturday.
A Georgia federal court correctly found that the owner of a sports equipment business willfully failed to disclose his foreign bank accounts, but it must give him a chance to challenge $2.2 million in resultin... (more story)
Abbott Laboratories asked the U.S. Tax Court to find that it needn't recognize an $8 billion gain in 2020 from transactions between several of its controlled foreign corporations because of a mismatch in the e... (more story)