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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.
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May 20, 2026
Hong Kong lawmakers adopted legislation Wednesday to hike the rate of a tax on residential real estate transactions valued above HK$100 million ($12.7 million).
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May 19, 2026
The federal government's arguments to stay a permanent injunction against the collection of President Donald Trump's temporary global duties for two small businesses and the state of Washington while it appeals the ruling are overblown, a coalition of states told the U.S. Court of International Trade on Tuesday.
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May 19, 2026
A Tennessee shopper's proposed class action accusing Amazon of collecting excessive sales tax will remain in Washington federal court, a Seattle judge ruled Monday, concluding that the case's value "more likely than not" exceeds a $5 million threshold under the federal Class Action Fairness Act.
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May 19, 2026
The former boss of a Connecticut strip club admitted Tuesday that he failed to pay taxes on income derived from prostitution and ripped off a COVID-19 relief program, and he will forfeit more than $1.5 million under a deal with federal prosecutors.
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May 19, 2026
Costco urged an Illinois federal court to toss a putative consumer class action seeking to recoup the higher costs that shoppers paid under President Donald Trump's global tariffs, contending that the case is premature in the wake of uncertain corporate refunds.
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May 19, 2026
South Carolina increased a reimbursement cap for a manufacturing property tax exemption, mitigating potential reductions to exemptions for eligible properties, under a bill signed by the governor.
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May 19, 2026
A Michigan appellate court panel has affirmed a tax ruling against a medical equipment company, holding that prescription gauze, bandages, gloves, wound dressings and related supplies sold to disabled patients do not qualify as tax-exempt prosthetic devices under the state's General Sales Tax Act.