Tax

  • October 15, 2021

    Ireland Shares Favorable Public Views On OECD Tax Overhaul

    Ireland's government shared public comments received as it was negotiating to join the global deal on revamping corporate taxation, showing industry groups, social justice advocates, auditing firms, banks, insurers and even two political parties had backed the push.

  • October 15, 2021

    DC Circ. Urged To Void House Panel's Bid For Trump Docs

    A subpoena from a congressional committee seeking certain financial documents from former President Donald Trump's longtime accounting firm implicates significant separation-of-powers concerns that justify voiding the request, his attorneys told the D.C. Circuit.

  • October 15, 2021

    Pa. Senate Bill Would Legalize, Tax Cannabis

    A bipartisan pair of Pennsylvania senators introduced legislation that would legalize adult recreational marijuana use in the state and impose a tax that could generate as much as $1 billion in annual revenue.

  • October 15, 2021

    Travel Trade Association Denied Tax-Exempt Status

    A trade association that promotes travel and tourism does not qualify for tax-exempt status because it isn't operated exclusively for tax-exempt purposes, the Internal Revenue Service said in a letter ruling released Friday.

  • October 15, 2021

    IRS Plan To Force Small Account Reporting Illegal, 20 AGs Say

    The Internal Revenue Service's proposal to require banks and other financial institutions to report information on every account with at least $600 is illegal under constitutional protections against unreasonable search and seizure, 20 state attorneys general told the agency Friday.

  • October 15, 2021

    Jones Day Derides Paralegal's 'Excuses' On Serving Bias Suit

    A fired Jones Day paralegal's "feeble justifications" shouldn't win her a second chance to serve the international law firm with her discrimination and harassment suit, the firm told a Boston federal judge Friday.

  • October 15, 2021

    3rd Circ. Revives Tax Evader's Deportation Challenge

    The Board of Immigration Appeals incorrectly found that a piece of late 1990s legislation barred an Italian man convicted of tax evasion from deportation relief, the Third Circuit said, sending the case back to the board for further review.

  • October 14, 2021

    1st Circ. Tosses Dispute Over Nonprofit's Housing Credit Deal

    A suit from an investment group contesting an affordable housing not-for-profit's efforts to purchase a housing tax credit project was properly dismissed by a Massachusetts federal court, the First Circuit said, ruling the lower court lacked jurisdiction.

  • October 14, 2021

    Greenberg Traurig Nabs London Disputes Team From Mishcon

    Law firm Greenberg Traurig has poached seven senior lawyers from rival Mishcon de Reya to join its disputes team in London as part of its bid to expand its litigation practice.

  • October 14, 2021

    ECJ Says Missed Declarations Don't Negate VAT Deductions

    European Union governments must allow deductions of input value-added tax even if a filer missed a deadline for declaring whether their purchase was for personal or business use, the EU's top court ruled Thursday in joined cases involving German taxpayers.

  • October 14, 2021

    Fed. Judge Tosses E-Biz Group's Calif. Sales Tax Challenge

    A federal judge dismissed an e-commerce trade group's attempt to block California from pursuing back sales taxes from sellers with inventory housed at in-state Amazon fulfillment centers, finding a federal law requires the claims to be filed in state courts.

  • October 14, 2021

    Berger Singerman Adds Two To Growing Real Estate Team

    Berger Singerman snagged a new partner and an associate as its latest move to bolster its real estate team in Florida.

  • October 14, 2021

    ECJ Adviser Backs French Dividend Tax Law

    An adviser to Europe's highest court backed a French dividend tax law on the redistribution of profits Thursday, rejecting arguments by Schneider Electric and other major French companies that it violated a European Union statute.

  • October 13, 2021

    Vineyard Owner's Actions Reckless In FBAR Row, Judge Says

    The California owner of a New Zealand vineyard willfully failed to report her foreign bank accounts for 2012 and 2013, a federal court ruled Wednesday, finding she ignored clear signs that she had to file.

  • October 13, 2021

    Prison Must Wait For Pot Bribe Appeal, Ex-Mayor Says

    Former Fall River, Massachusetts, mayor Jasiel Correia has asked to delay the start of a six-year prison sentence until his appeal of fraud and corruption convictions is resolved.

  • October 13, 2021

    Day Pitney Adds Ex-SDNY Atty To White Collar Practice In NY

    A former assistant U.S. attorney who worked for the Southern District of New York for nearly 14 years has reentered the private sector at Day Pitney LLP's government enforcement and white collar criminal defense practice in New York.

  • October 13, 2021

    Jury To Hear Harvard Prof's FBI Tape After Miranda Claim Fails

    A Harvard professor indicted on grant fraud and tax charges didn't make it clear enough that he wanted a lawyer present for his post-arrest interview when he told FBI agents, "I guess I think probably I should have ah, an attorney," a Boston federal judge said Wednesday.

  • October 12, 2021

    'Varsity Blues' Verdict Takes Pressure Off Feds — For Now

    Prosecutors' clean sweep in the first trial over the "Varsity Blues" college admissions scheme gives them a road map for victory in future cases without needing to call a central witness who has been accused of stretching the truth, but it leaves the convicted parents with meaty appellate issues, experts say.

  • October 12, 2021

    Advocacy Group Tells UK To Review Anti-Avoidance Loan Tax

    A group representing low-income Britons urged the U.K. government to consider suspending implementation of a charge to employers that disguise workers' pay to avoid income tax and social insurance contributions, saying few people are poised to comply with the provision.

  • October 12, 2021

    Ex-IRS Agent Who Stole Probe Target's ID Gets 30 Months

    A former IRS agent was sentenced to 30 months in prison Tuesday after he copped to stealing the identity of a person under agency investigation and using forged documents to buy a $1.65 million Manhattan apartment.

  • October 12, 2021

    Ohio GOP Legislators Pitch Cannabis Legalization Bill

    Republican state lawmakers in Ohio announced Tuesday they would be submitting a draft bill to legalize and tax the sale of recreational cannabis, even as advocates are preparing a ballot measure to ask voters to do the same.

  • October 12, 2021

    Geico Inks $19.5M Deal With Policyholders Over Payments

    Geico has agreed to pay up to $19.5 million to policyholders who claimed the insurer didn't pay them the full amount of sales tax and regulatory fees after their vehicles were deemed total losses, according to a proposed deal filed in California federal court.

  • October 12, 2021

    Chubb Unit Must Cover $10M Of Drugmaker's DOJ Settlement

    A Chubb unit must pay drugmaker Astellas $10 million toward a $100 million settlement the pharmaceutical company reached with the U.S. Department of Justice to resolve an investigation into possible Medicare fraud, an Illinois federal judge said.

  • October 12, 2021

    Justices Won't Take Up Dispute Over Tribal Couple's Taxes

    The U.S. Supreme Court on Tuesday declined to review a challenge from members of the Miccosukee Tribe of Florida to taxes the Internal Revenue Service assessed on payments they received from their tribe's casino revenue.

  • October 08, 2021

    NY Court Tosses Suit Claiming Landlord Evaded Rent Laws

    A New York state judge has dismissed a proposed class action from tenants who claim their landlord accepted tax breaks only to skirt state rent stabilization laws by reporting initial rents higher than those charged.

Expert Analysis

  • Tax-Exempt Orgs, Beware This 403(b) Plan Compliance Pitfall

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    A recent Internal Revenue Service publication puts 403(b) retirement plan sponsors on notice about a contribution aggregation compliance failure often identified in audits of government and tax-exempt entities, but risk can be minimized by ensuring plan documents and communications address the issue directly, say Greg Needles and Michael Gorman at Morgan Lewis.

  • Pandora Papers Reveal Need For Greater Tax Enforcement

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    The recent Pandora Papers leak is a reminder of the importance of transparency laws and proper funding for enforcement efforts against tax evasion as bad actors increasingly operate in the shadows, says Daren Firestone and Kevin Crenny at Levy Firestone.

  • Girardi Scandal Provides Important Ethics Lessons

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    The litigation and media maelstrom following allegations that famed plaintiffs attorney Thomas Girardi and his law firm misappropriated clients' funds provides myriad ethics and professional responsibility lessons for practitioners, especially with regard to misconduct reporting and liability insurance, says Elizabeth Tuttle Newman at Frankfurt Kurnit.

  • Series

    Embracing ESG: Jabil GC Talks Compliance Preparation

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    Tried-and-true compliance lessons from recent decades can be applied to companies’ environmental, social and governance efforts, especially with regard to employee training and consistent application of policies — two factors that can create a foundation for ESG criteria to flourish, says Robert Katz at Jabil.

  • 3 Ways CLOs Can Drive ESG Efforts

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    Chief legal officers are specially trained to see the legal industry's flaws, and they can leverage that perspective to push their companies toward effective environmental, social and governance engagement, says Mark Chandler at Stanford Law School.

  • How Law Firms Can Rethink Offices In A Post-Pandemic World

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    Based on their own firm's experiences, Kami Quinn and Adam Farra at Gilbert discuss strategies and unique legal industry considerations for law firms planning hybrid models of remote and in-office work in a post-COVID marketplace.

  • Ohio Tax Talk: Lessons From Apple Commercial Activity Audit

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    The Ohio Tax Commissioner’s recent audit of Apple, which led to allegations that the company underpaid its commercial activity tax, serves as a reminder for other Ohio taxpayers to educate themselves on the tax's exemptions and the supporting documentation they require, says Edward Rivin at Frost Brown.

  • Series

    Embracing ESG: Baker Hughes CLO Talks Sustainability Team

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    For businesses focused on addressing environmental, social and governance considerations, a legal team that can coordinate sustainability efforts across the company can help to manage risk and compliance issues, anticipate and prepare for change, and identify new opportunities, says Regina Jones at Baker Hughes.

  • What Mainstreaming Of Litigation Finance Means For Industry

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    The rush of new capital and investors into the litigation funding space is expected to bring heightened competition on price and other key deal terms, but litigants will need to be more in tune with individual financiers' proclivities, says William Weisman at Therium Capital Management.

  • How Florida Borrowers Can Reduce Mortgage Taxes

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    The steady growth of Florida development activity involving apartments, retail centers, office buildings and other projects has been accompanied by a corresponding rise in transaction taxes, but there are some strategies that borrowers can employ to reduce mortgage taxes when buying or refinancing, says Gary Kaleita at Lowndes.

  • What 9th Circ. Privilege Test Means For Dual-Purpose Advice

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    While the Ninth Circuit's recent ruling in In re: Grand Jury confirms that courts should use the primary-purpose test to determine whether communications with both legal and business purposes are shielded by the attorney-client privilege, questions on the application of the test remain, says Scott Tenley at Michelman & Robinson.

  • Lifting The Veil On The Supreme Court's Shadow Docket

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    Following headline-making U.S. Supreme Court emergency orders on Texas’ new abortion law, COVID-19 restrictions and more, Vetan Kapoor, counsel to Senate Judiciary Committee ranking member Chuck Grassley, R-Iowa, examines the court's so-called shadow docket and its decision-making procedures, including questions around transparency, timing and precedential effect.

  • Series

    Embracing ESG: United Natural Foods GC Talks Bottom Line

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    In prioritizing environmental, social and governance initiatives as strategic value drivers, corporate general counsel can leverage meaningful ESG progress to benefit both the business's bottom line and the wider world, says Jill Sutton at United Natural Foods.

  • 3 Attorney Ethics Considerations For Litigation Funding

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    The growth of the litigation finance industry has generated questions on the obligations of counsel when their clients are seeking outside capital to fund litigation, which litigators must understand when providing information to a third-party funder and discussing legal strategy with a client, says Matthew Oxman at LexShares.

  • How ABA Opinion Shifts Alternative Biz Structure Landscape

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    A recent American Bar Association opinion approving lawyers' passive investment in nonlawyer-owned firms eliminates a hurdle for law firms wishing to scale their practice through alternative business structures, but aspiring investors should follow a few best practices, say Hilary Gerzhoy and Deepika Ravi at Harris Wiltshire.

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