High Court To Mull Home Distilling Ban Following Circuit Split
The U.S. Supreme Court on Monday agreed to take up a case on the federal tax code's ban on distilling whiskey at home after the Fifth Circuit found the ban unconstitutional but the Sixth Circuit upheld the ban.
DC Council Ponders Multiple Tax Increase Proposals
Washington, D.C., could adopt a wealth tax, a tax on second homes, a new business activity tax, a sales tax increase or other revenue-boosting measures under proposals discussed before the district council Friday.
Eaton To Defend Prices Paid For Breaker Products At Trial 2
Ohio-based Eaton Corp. is preparing to defend the prices it paid during 2011 to 2013 for electrical breakers and other products from manufacturing affiliates in Puerto Rico and the Dominican Republic when its second U.S. Tax Court trial begins Nov. 2.
High Court To Mull Home Distilling Ban Following Circuit Split
The U.S. Supreme Court on Monday agreed to take up a case on the federal tax code's ban on distilling whiskey at home after the Fifth Circuit found the ban unconstitutional but the Sixth Circuit upheld the ban.
DC Council Ponders Multiple Tax Increase Proposals
Washington, D.C., could adopt a wealth tax, a tax on second homes, a new business activity tax, a sales tax increase or other revenue-boosting measures under proposals discussed before the district council Friday.
Eaton To Defend Prices Paid For Breaker Products At Trial 2
Ohio-based Eaton Corp. is preparing to defend the prices it paid during 2011 to 2013 for electrical breakers and other products from manufacturing affiliates in Puerto Rico and the Dominican Republic when its second U.S. Tax Court trial begins Nov. 2.
Federal More
A Massachusetts federal judge dismissed a proposed class action against BDO USA on Monday, alleging the accounting and tax advisory firm's $1.3 billion deal to create an employee stock ownership plan violated ... (more story)
A district court doesn't have jurisdiction over an anonymous whistleblower's challenge to the $10 million cap that applies to whistleblower awards, the IRS told the Sixth Circuit on Monday, arguing that any de... (more story)
Despite IRS arguments to the contrary, Meta Platforms told the U.S. Tax Court that it didn't concede that stock option costs need to be included in cost-sharing agreements between affiliates in a prior case in... (more story)
A financial adviser urged a Georgia federal court to toss a professional malpractice claim in a suit alleging it referred clients to participate in an illegitimate conservation easement scheme, saying the clai... (more story)
The U.S. Department of Justice’s recent directive outlining corporate fraud enforcement priorities is mostly a management document instead of a policy, but one part may actually undermine the directive's goals... (more story)
In this week's Taxation With Representation, Penske Automotive Group Inc. agrees to be taken private by Motown Acquisition Corp., a GTCR-led group of private investment firms acquires software firm CCC Intelli... (more story)
Both plaintiffs and defendants in consumer class actions over tariff refunds should examine transfer pricing analyses, which can offer contemporaneous evidence as to how much of a tariff was borne in the U.S. ... (more story)
State & Local More
Texas Proposes Change To Data Processing Services Tax Rule
Texas' tax agency has proposed an amendment to its marketplace selling rule to remove certain fees from its definition of taxable data processing services, a move that the agency forecasts to reduce state reve... (more story)
Rosenberg & Estis Launches NYC Pied-A-Terre Tax Resource
Rosenberg & Estis PC has launched a new web page that aims to provide legal analysis and guidance regarding New York City's luxury second-homes tax, also known as the pied-à-terre tax, the firm announced Monday.
NJ Gov. Sherrill Taps Local Prosecutors For Judgeships
Three New Jersey municipal prosecutors are among Gov. Mikie Sherrill's picks for seats on the state bench, and two county enforcers have received her support for new terms in their roles.
Allowed To Usurp A Power Of Congress: SALT In Review
From a defeat in court for challengers of a New Jersey rule on businesses online to a proposed supermajority requirement in Iowa, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
Importer Risk Rises As AI Enters Trade Fraud Enforcement
The Trump administration's new data-driven and artificial intelligence-enabled push against tariff evasion raises the stakes for companies with global supply chains, making it crucial that they consider streng... (more story)
Sens. Probe Meta For Claiming Tax Credits On AI Data Centers
Democratic senators called on Meta CEO Mark Zuckerberg to explain why he's justifying the use of billions in federal research tax credits to pay for building the company's AI data centers, warning that doing s... (more story)
Ga. Justices Deem Fire Fee Illegal, Back $30M In Refunds
A Georgia county must issue more than $30 million worth of refunds and interest to property owners to whom it charged a fire protection fee, the state's high court affirmed Wednesday, finding the fee constitut... (more story)
Texas' tax agency has proposed an amendment to its marketplace selling rule to remove certain fees from its definition of taxable data processing services, a move that the agency forecasts to reduce state reve... (more story)
Rosenberg & Estis PC has launched a new web page that aims to provide legal analysis and guidance regarding New York City's luxury second-homes tax, also known as the pied-à-terre tax, the firm announced Monday.
Three New Jersey municipal prosecutors are among Gov. Mikie Sherrill's picks for seats on the state bench, and two county enforcers have received her support for new terms in their roles.
From a defeat in court for challengers of a New Jersey rule on businesses online to a proposed supermajority requirement in Iowa, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
The Trump administration's new data-driven and artificial intelligence-enabled push against tariff evasion raises the stakes for companies with global supply chains, making it crucial that they consider streng... (more story)
Democratic senators called on Meta CEO Mark Zuckerberg to explain why he's justifying the use of billions in federal research tax credits to pay for building the company's AI data centers, warning that doing s... (more story)
A Georgia county must issue more than $30 million worth of refunds and interest to property owners to whom it charged a fire protection fee, the state's high court affirmed Wednesday, finding the fee constitut... (more story)
International More
Rajasthan Royals Owner Settles UK Investors' Tax Dispute
Three U.K.-based investors have settled their claim against an owner of India's Rajasthan Royals cricket team who they alleged misled them over the tax consequences of selling their shares and a $300 million v... (more story)
Gov't Must Not Tax Bereaved Families Over Pension Delays
A former U.K. pensions minister has called on the government to ensure that the administrative backlog in civil service pension payouts does not leave the families of deceased civil service pensioners exposed ... (more story)
UK Gov't Expected To Raise Bank Taxes In Autumn Budget
The U.K.'s Labour government is preparing to raise taxes on banks in the autumn budget, according to a newspaper report, including a possible hike to the bank levy.
HMRC Probes Of Soccer Clubs Raise £87M In Tax
The U.K.'s tax authority recovered £87 million ($115 million) in extra tax from inquiries into soccer clubs in fiscal year 2025-26, according to data published Thursday.
Trustee Asks 1st Circ. To Nix Shuttered Bank Owner's Claims
A Puerto Rico federal court properly dismissed claims against a trustee appointed to administer the receivership of a shuttered online bank suspected of facilitating tax evasion and money laundering, he told t... (more story)
Full Fed. Circ. Won't Review Brick Duty Definition Holding
The Federal Circuit said Wednesday that it won't reconsider its determination that the U.S. Court of International Trade properly found duty orders on certain heat-resistant bricks lack specific chemical makeu... (more story)
Canadian Mining Co., Mexico Move To Settle $1.3B Tax Feud
A Canadian mining company reached an agreement in principle with Mexico to settle a dispute over the validity of transfer pricing arrangements for offshore silver dealings by the company's subsidiary that have... (more story)
Three U.K.-based investors have settled their claim against an owner of India's Rajasthan Royals cricket team who they alleged misled them over the tax consequences of selling their shares and a $300 million v... (more story)
A former U.K. pensions minister has called on the government to ensure that the administrative backlog in civil service pension payouts does not leave the families of deceased civil service pensioners exposed ... (more story)
The U.K.'s Labour government is preparing to raise taxes on banks in the autumn budget, according to a newspaper report, including a possible hike to the bank levy.
The U.K.'s tax authority recovered £87 million ($115 million) in extra tax from inquiries into soccer clubs in fiscal year 2025-26, according to data published Thursday.
A Puerto Rico federal court properly dismissed claims against a trustee appointed to administer the receivership of a shuttered online bank suspected of facilitating tax evasion and money laundering, he told t... (more story)
The Federal Circuit said Wednesday that it won't reconsider its determination that the U.S. Court of International Trade properly found duty orders on certain heat-resistant bricks lack specific chemical makeu... (more story)
A Canadian mining company reached an agreement in principle with Mexico to settle a dispute over the validity of transfer pricing arrangements for offshore silver dealings by the company's subsidiary that have... (more story)