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NC's GOP Sends Freeze On Property Tax Appraisals To Gov.
Some North Carolina residents' property tax appraisals would be frozen under a Republican-backed bill now on the desk of Gov. Josh Stein.
Fed. Circ. Pauses Trade Court's Limited Block Of Global Tariffs
The Federal Circuit halted a U.S. Court of International Trade ruling prohibiting the government from collecting temporary global tariffs on two retailers and the state of Washington while it considers whether those duties are lawful, according to an order Thursday.
Ariz. Panel OKs Compromise Plan For Federal Tax Conformity
Arizona would conform with most of last year's federal tax changes and a moratorium on sales tax breaks for new data centers under a compromise tax and budget package advanced by lawmakers Wednesday.
NC's GOP Sends Freeze On Property Tax Appraisals To Gov.
Some North Carolina residents' property tax appraisals would be frozen under a Republican-backed bill now on the desk of Gov. Josh Stein.
Fed. Circ. Pauses Trade Court's Limited Block Of Global Tariffs
The Federal Circuit halted a U.S. Court of International Trade ruling prohibiting the government from collecting temporary global tariffs on two retailers and the state of Washington while it considers whether those duties are lawful, according to an order Thursday.
Ariz. Panel OKs Compromise Plan For Federal Tax Conformity
Arizona would conform with most of last year's federal tax changes and a moratorium on sales tax breaks for new data centers under a compromise tax and budget package advanced by lawmakers Wednesday.
Federal More
A microcaptive insurance advisory firm asked the Sixth Circuit on Thursday to overturn a Tennessee federal court's ruling that a set of revised IRS rules requiring taxpayers to disclose some microcaptive arran... (more story)
Two investors accused an energy company of selling them fraudulent tax shelters marketed as tribal tax credits for $600,000 in a complaint filed in an Arkansas federal court.
A Michigan-based importer and seller of aftermarket auto parts that was stuck with added costs from U.S. Customs and Border Protection related to empty shipping containers has sued its freight-forwarding contr... (more story)
FedEx's case for an $89 million tax refund is supported by a decision in the U.S. Tax Court that outlined a formula for disallowing foreign tax credits and a Sixth Circuit decision about how to view the purpos... (more story)
A man found to have received income by using his company's cash as his own is on the hook for approximately $10.4 million in taxes and penalties, according to agreed-upon computations the taxpayer and the U.S.... (more story)
Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, prepar... (more story)
Drugmaker Amgen isn't entitled to amend its petition to protect against possible double taxation after an eight-week trial and briefing in its income-allocation case already have been completed, the U.S. Tax C... (more story)
State & Local More
If Upheld, Wash. Millionaire Tax Could Upend State Law
The Washington Supreme Court could open the door to broader income, rental and corporate taxes if it defies precedent and the historically established desires of voters by redefining the state constitution's c... (more story)
Conn. Justices Order New Trial In $13.2M Estate Tax Fight
The Connecticut Supreme Court on Thursday ordered a new trial over the state's $13.2 million tax assessment against the estate of a health insurance executive who died in Florida, saying a trial judge should h... (more story)
RI Lawmakers Approve $15B Budget With Tax On Millionaires
Rhode Island lawmakers passed a $15.2 billion budget proposal including a surtax on income over $1 million that would increase during the next three years, sending it to the governor.
Former Sen. Tim Scott Staffer Joins K&L Gates In DC
A former committee staff director for U.S. Sen. Tim Scott, R-S.C., has been hired at K&L Gates LLP, the firm announced Wednesday, following her time as a senior vice president with a bipartisan government rela... (more story)
Tenn. Remittance Tax Is Unconstitutional, Fintech Group Says
A top fintech industry organization sued Wednesday to block an impending new Tennessee tax on outgoing international money transfers, challenging what the trade group contends is an unconstitutional toll on th... (more story)
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)
The Washington Supreme Court could open the door to broader income, rental and corporate taxes if it defies precedent and the historically established desires of voters by redefining the state constitution's c... (more story)
The Connecticut Supreme Court on Thursday ordered a new trial over the state's $13.2 million tax assessment against the estate of a health insurance executive who died in Florida, saying a trial judge should h... (more story)
Rhode Island lawmakers passed a $15.2 billion budget proposal including a surtax on income over $1 million that would increase during the next three years, sending it to the governor.
A former committee staff director for U.S. Sen. Tim Scott, R-S.C., has been hired at K&L Gates LLP, the firm announced Wednesday, following her time as a senior vice president with a bipartisan government rela... (more story)
A top fintech industry organization sued Wednesday to block an impending new Tennessee tax on outgoing international money transfers, challenging what the trade group contends is an unconstitutional toll on th... (more story)
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)
International More
British Airways Hotel Costs Are Tax-Deductible, Tribunal Told
The cost of hotel rooms for cabin crew members serving on back-to-back flights is tax-deductible because overnight stays such as those are part of the employees' duties, British Airways told a London tribunal Thursday.
KC In £2M Evasion Case Defends 'Efficient' Tax Setup
A senior barrister accused of cheating the public purse out of almost £2 million ($2.7 million) told a court Thursday that he had set up "tax-efficient" arrangements which "anyone with any sense would use."
British Airways Owes £5.8M Tax Over Hotel Stays, HMRC Says
Britain's tax authority urged a London tribunal Wednesday to rule that British Airways is liable for around £5.8 million ($7.8 million) in tax over hotel rooms provided to cabin crew on back-to-back flights.
Trust Did Not Hold Taxable Loan, Aussie High Court Says
The Australia High Court rejected Australian revenue authorities' bid to tax nearly AU$1.7 million ($1.2 million) that a real estate company held in a trust, ruling Wednesday that the money did not constitute ... (more story)
KC Says HMRC Tried To 'Cancel' Him In £2M Evasion Case
A senior tax barrister told a court Wednesday that HM Revenue and Customs prosecuting him for evading almost £2 million ($2.7 million) in tax was its way of "canceling" a person the tax authority found "extrem... (more story)
VAT Group Members Need Own Carveout, EU Court Says
Grouped companies classed as a single entity for value-added tax payments should still be considered separately in a determination of their eligibility for certain VAT exemptions, a European Union court said Wednesday.
CIT Judge Skeptical Of Gov't's IEEPA Refund Appeal
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)
The cost of hotel rooms for cabin crew members serving on back-to-back flights is tax-deductible because overnight stays such as those are part of the employees' duties, British Airways told a London tribunal Thursday.
A senior barrister accused of cheating the public purse out of almost £2 million ($2.7 million) told a court Thursday that he had set up "tax-efficient" arrangements which "anyone with any sense would use."
Britain's tax authority urged a London tribunal Wednesday to rule that British Airways is liable for around £5.8 million ($7.8 million) in tax over hotel rooms provided to cabin crew on back-to-back flights.
The Australia High Court rejected Australian revenue authorities' bid to tax nearly AU$1.7 million ($1.2 million) that a real estate company held in a trust, ruling Wednesday that the money did not constitute ... (more story)
A senior tax barrister told a court Wednesday that HM Revenue and Customs prosecuting him for evading almost £2 million ($2.7 million) in tax was its way of "canceling" a person the tax authority found "extrem... (more story)
Grouped companies classed as a single entity for value-added tax payments should still be considered separately in a determination of their eligibility for certain VAT exemptions, a European Union court said Wednesday.
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)