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May 22, 2026
In this week's Taxation With Representation, Equity Residential and AvalonBay Communities Inc. combine, investment firms CVC and Groupe Bruxelles Lambert lead a group of investors to buy pharmaceuticals company Recordati SpA, and NextEra Energy and Dominion Energy merge.
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May 22, 2026
Municipalities in three South Carolina counties will be authorized to impose sales taxes of up to 1% to provide property tax relief, with local voter approval, under legislation signed by the governor.
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May 21, 2026
The D.C. Circuit on Thursday sought the views of the Trump administration on a crucial component of Russia's sovereign immunity defense as the appeals court weighs jurisdiction in litigation to enforce a nearly $5 billion arbitral award against the Kremlin, which was issued to Yukos Oil Co.'s financing arm.
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May 21, 2026
One of the nation's most accomplished oral advocates, Tom Goldstein, revealed Thursday he has retained another of the nation's most accomplished oral advocates, Elizabeth Prelogar, ahead of his sentencing and likely appeal in a criminal tax case that has captivated the appellate bar.
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May 21, 2026
Morrison County, Minnesota, and two townships are seeking to vacate a decision to take about 3,238 acres into trust for the Mille Lacs Band of Ojibwe, arguing it was based on a biased process in which the tribe pays Bureau of Indian Affairs' salaries to process trust requests.
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May 21, 2026
A Baltimore attorney is challenging a court's order that he cover unpaid federal income taxes owed by his client's holding company, telling the Fourth Circuit on Thursday that the government is wrongly using the Federal Priority Statute as a workaround for the Federal Tax Lien Act.
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May 21, 2026
The European Union's top court said Thursday that Portugal can't suspend tax enforcement proceedings against a company that benefited from unlawful state aid granted by the Madeira Free Zone.
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May 21, 2026
Drugmaker Amgen wants to preserve its right to seek a refund for tax years 2010 through 2015 if the IRS "persists" in taking a position inconsistent with the agency's own arguments pertaining to those years in its audit of 2016 to 2018, the company told the U.S. Tax Court.
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May 21, 2026
The Federal Circuit on Thursday approved a Patent Trial and Review Board decision that held a patent owned by Samesurf Inc. that was asserted against TurboTax maker Intuit Inc. was invalid, rejecting Samesurf's arguments that an improper claim construction was used.
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May 21, 2026
Authorities across Europe have searched several properties tied to a €2.6 million ($3 million) value-added tax fraud by suspects whom the European Public Prosecutor's Office believe are linked to other VAT frauds worth hundreds of millions of euros, the office said Thursday.
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May 21, 2026
The U.K. will require companies to exempt profits and losses attributed to a foreign permanent establishment from domestic taxation beginning next year, HM Revenue & Customs said Thursday.
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May 21, 2026
The amount of property tax revenue that can be raised by an Iowa city or county will be limited beginning in 2026 under a bill signed by the governor.
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May 21, 2026
The European Union's lower court was wrong to uphold Sweden's risk tax on the country's largest credit institutions, an adviser to the bloc's top court said Thursday, because the levy could create a potential selective advantage for untaxed companies.
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May 21, 2026
Companies filing taxes in Taiwan are required to declare income from controlled foreign corporations and must apply for a one-time extension by midyear if they're unable to submit audited financial statements, the tax authority said Thursday.
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May 21, 2026
U.K. Chancellor of the Exchequer Rachel Reeves announced plans Thursday to restrict offshore tax planning by energy multinationals as part of a series of fiscal measures, including cuts to fuel duty and value-added tax.
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May 20, 2026
The U.S. Department of Justice is trying to have it both ways in drug pricing litigation, telling the U.S. Supreme Court not to intervene before additional circuits decide pending challenges and then using this week's nonintervention as ammunition against those challenges, drugmakers are arguing at appeals courts.
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May 20, 2026
North Carolina voters will decide in November on two proposed constitutional amendments aimed at curbing their income and property taxes after the state General Assembly approved sending the measures to the ballot Wednesday.
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May 20, 2026
Wholesale transmission customers of American Electric Power Co. Inc. units told the D.C. Circuit this week that the Federal Energy Regulatory Commission wrongly allowed the utility giant to depart from an established method to allocate carried-forward tax allowances, increasing those customers' rates.
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May 20, 2026
The U.K.'s tax authority can't bar ride-hailing companies from claiming a value-added tax exemption for travel agents, Bolt's counsel told a London court Wednesday, because the agency has long recognized in official guidance that taxi firms can receive the tax break.
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May 20, 2026
The settlement of President Donald Trump's $10 billion tax leak suit against the Internal Revenue Service — creating a $1.8 billion "anti-weaponization fund" — is a "corrupt sham," a pair of police officers present during the Jan. 6, 2021, Capitol riot told a D.C. federal court Wednesday.
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May 20, 2026
The Parliament and Council of the European Union reached a provisional agreement Wednesday morning to strengthen safeguards to the trade deal reached last year with the U.S., according to a press release.
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May 20, 2026
The U.K. will extend a tax cut of 5 pence (7 cents) per liter of fuel through the rest of the year to address higher prices linked to the war in Iran, the government said Wednesday.
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May 20, 2026
A careful reading of the law shows marijuana is not, as the IRS argues, a controlled substance under federal law, a New Mexico cannabis dispensary operator told the U.S. Tax Court in support of its business expense deductions claimed during 2017 through 2019.
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May 20, 2026
A Massachusetts law that lowers property tax rates on agricultural land does not grant standing to abutters seeking to unwind the sale of a Cape Cod cranberry bog to a developer, the state's highest court said Wednesday.
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May 20, 2026
Virginia Gov. Abigail Spanberger's veto of legislation to tax and regulate the sale of adult-use cannabis will keep the commonwealth in a state of cannabis legal limbo for the foreseeable future.