Tax

  • June 24, 2026

    Kentucky Is Latest State To Catch CFTC Prediction Market Suit

    The Commodity Futures Trading Commission has hit back against Kentucky regulators with a suit defending its jurisdiction over event contracts, after the state brought enforcement actions against several prediction market platforms alleging they violate the state's consumer protection and gambling laws by offering unlicensed sports wagering.

  • June 24, 2026

    Booker, Cassidy Press DOJ On Trump Immunity Deal

    Sens. Bill Cassidy, R-La., and Cory Booker, D-N.J., wrote to acting Attorney General Todd Blanche on Wednesday expressing "serious concerns" about the alleged immunity for President Donald Trump, his family and businesses in the controversial settlement he reached with the IRS.

  • June 24, 2026

    NY Town Sues Feds Over Seneca Nation's $1 Land Transfer

    A New York town is seeking to vacate a U.S. Department of the Interior decision to place 207 acres into a restricted fee status for the Seneca Nation after the tribe paid a development company a dollar for the land, claiming the transaction is an administrative end run around a 1990 settlement law.

  • June 23, 2026

    States, Ex-IRS Officials Want Trump-IRS Deal Scrutinized

    A coalition of 23 states and a group of former high-level Internal Revenue Service officials have pressed a Florida federal court to reopen Donald Trump's suit against the IRS and carefully scrutinize the resulting settlement, arguing that the litigation was "colored by fraud from the beginning."

  • June 23, 2026

    DC Judge Will Take Gov't 'At Its Word' Trump's Fund Is Dead

    A Washington, D.C., federal judge Tuesday declined to issue a preliminary injunction blocking the Trump administration's proposed $1.8 billion "lawfare" fund, saying he "must take the government at its word" that the fund is truly dead.

  • June 23, 2026

    Feds Say Consultant Shouldn't Get FARA Verdict Erased

    The U.S. government told a Florida federal court there was "abundant" evidence to convict a political consultant of knowingly failing to register as a foreign agent as she helped draft a $50 million contract involving a former congressman and Venezuela's state-owned oil enterprise.

  • June 23, 2026

    Chancery OKs $29.5M Settlement In Chewy Shareholder Suit

    Delaware's Chancery Court on Tuesday approved a $29.5 million settlement ending a derivative suit that accused a private equity firm of structuring a transaction that benefited it at Chewy Inc.'s expense, noting an independent special litigation committee had uncovered potentially valuable claims and determined a settlement was the better path forward.

  • June 23, 2026

    Customs Announces Second Phase Of Tariff Refund System

    The second phase of a system for importers to claim refunds for tariffs struck down by the U.S. Supreme Court will become available June 29 for certain entries that have been subject to the reconciliation process, U.S. Customs and Border Protection announced Tuesday.

  • June 23, 2026

    Investors Say Franklin's Putnam Unit Overvalued Funds

    Franklin Templeton's Putnam Funds failed to disclose accounting practices that led to inflated net asset value calculations and saddled investors with higher costs, according to a proposed $100 million class action filed in Massachusetts state court.

  • June 23, 2026

    Judge Who Denied Goldstein Retrial Says It Wasn't Close Case

    A Maryland federal judge has elaborated on her decision to deny SCOTUSblog founder Tom Goldstein's bid for an acquittal or new trial, saying that the evidence presented at trial either supersedes or invalidates his claims of issues with jury instructions and insufficient or excluded evidence.

  • June 23, 2026

    UK Aims To Modernize Tax Framework For Distributions

    The United Kingdom is aiming to modernize its tax system on distributions, including by aligning the treatment of dividends from foreign companies with domestic companies, the government said Tuesday.

  • June 23, 2026

    UK Seeks To Restore Capital Gains Deferrals For Share Gifts

    The U.K. is planning to restore capital gains tax deferral treatment on gifts of business assets covered by the country's substantial shareholding exemption or intangible fixed asset regime, the government said Tuesday.

  • June 23, 2026

    UK Seeks Input On Potential Customs Updates

    HM Revenue & Customs is considering a plan to require customs intermediaries to register with the agency for the purposes of raising standards, it said Tuesday while also looking for general input on modernizing the U.K. customs regime.

  • June 23, 2026

    UK Weighs Extending VAT Accounting To Online Marketplaces

    Online marketplaces would be tasked with accounting for value-added tax on the sales they facilitate for U.K. businesses selling domestic goods to U.K. consumers rather than the underlying business itself, according to a set of reforms proposed Tuesday by the government.

  • June 23, 2026

    Justices Say Mich. Tax Sale Allowed Under Constitution

    A Michigan county did not violate the U.S. Constitution when it took the title of a home over a tax debt, then sold the home at a low price and refunded only that amount to the homeowner, the U.S. Supreme Court ruled Tuesday, agreeing with the Sixth Circuit on merits but remanding the case back to that court to address procedural questions.

  • June 22, 2026

    US Fields Questions On Temporary Global Tariff At WTO

    A World Trade Organization committee held a meeting Monday to exchange views on President Donald Trump's temporary global tariff set to expire in July, according to a news release.

  • June 22, 2026

    Justices Won't Review Dispute Over Tax Fraud Deadline

    The U.S. Supreme Court declined on Monday to review a woman's challenge against the Internal Revenue Service over the period in which the agency can assess taxes on a taxpayer when a fraudulent third party triggers the liability.

  • June 22, 2026

    No Need For Promises That $1.8B Fund Is Dead, DOJ Says

    The U.S. Department of Justice refused to file a declaration stating it won't create a $1.8 billion settlement fund as part of the deal to close President Donald Trump's tax leak suit against the Internal Revenue Service, telling a Virginia federal judge it is "unnecessary."

  • June 22, 2026

    RI Allows Late Tax Interest Waivers For Commercial Property

    Rhode Island authorized the waiver of interest on overdue taxes for commercial properties under a bill signed by the governor.

  • June 22, 2026

    OECD Asks US To Fix Beneficial Ownership Transparency

    The U.S. is only partially compliant with its obligations to ensure the availability of beneficial ownership information, weighed down by its "deficient" definition of beneficial owners in tax filings, the OECD said in a report.

  • June 18, 2026

    Comedian Carlos Mencia Charged In Calif. Tax Evasion Case

    Comedian Carlos Mencia is facing felony tax evasion charges after California prosecutors say he failed to report $8.7 million in personal and corporate income, the Los Angeles County District Attorney's Office announced Thursday.

  • June 18, 2026

    Calif. Billionaire Tax Qualifies For November Ballot

    Supporters of a referendum that calls for a 5% tax to be levied once on the wealth of California billionaires have collected enough signatures to get their measure on the November ballot, California's secretary of state said.

  • June 18, 2026

    Pennsylvania Skill Games Ruling Ups Ante For New Rules

    The Pennsylvania Supreme Court's recent ruling that skill games are subject to the same oversight as slot machines is a catalyst for lawmakers to craft a taxation and regulation framework and fuel a revenue boost Gov. Josh Shapiro has envisioned for years, experts tell Law360.

  • June 18, 2026

    Securitization Cos. Can Duck EU Interest Limits, Adviser Says

    Luxembourg correctly exempted securitization companies from the interest limitation rule under the European Union's anti-tax avoidance directive because they are comparable to financial undertakings that are explicitly exempted, an adviser to the European Court of Justice said Thursday.

  • June 18, 2026

    NC Legislators OK 90% Property Tax Break For Builders

    North Carolina would allow local governments to create specialized districts and provide significant tax exclusions for developers to incentivize new property improvements under a bill now on the governor's desk.

Expert Analysis

  • Why Highly Specialized Experts May Risk Exclusion At Trial

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    Expert witnesses with highly specific areas of focus may be vulnerable to exclusion in court, making it important for attorneys to check how potential witnesses' qualifications can be bolstered by their publications and other professional activities, say Evan Weisberg and Christopher Cunio at Hunton, and Kevin Cahill at FTI Consulting.

  • Drawing A Line Between Settlement Pressure And Extortion

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    U.S. v. Luo, pending in the U.S. District Court for the Southern District of New York, may force courts to address anew when settlement negotiations become criminal extortion, particularly in the age of easily fabricated digital evidence, says attorney Denis Kiely.

  • Wire Fraud Ruling May Upend White Collar Enforcement

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    A Texas federal court’s recent decision in U.S. v. Garza, dismissing wire fraud charges arising from an alleged $1 billion tax shelter scheme, advances a broader constitutional principle that could affect sentencing and reshape charging practices across white collar criminal cases involving specialized statutory regimes, say attorneys at Benesch.

  • Series

    Founding An Autism Academy Made Me A Better Lawyer

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    Starting a nonprofit autism school with no building, no funding model and no guarantee that families would trust us taught me the importance of mission, patience and purpose — lessons that sharpened my practice and showed how meaningful work outside the office can make lawyers better, says Phillip Russell at Ogletree Deakins.

  • Opinion

    Rule Of Law Requires Gov't Engagement With Bar, Not Retreat

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    A federal agency's absence from national and local bar conferences, most recently illustrated by the U.S. Department of Justice's withdrawal from a New York City Bar Association white collar conference, disserves the bar, the government lawyers themselves and, ultimately, the administration of justice, says Muhammad Faridi at Linklaters.

  • The Paradoxical Duty To Adopt AI When You Can't Bill For It

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    Both billing for hours saved using artificial intelligence and preserving billable time by not adopting AI may violate rules of professional conduct, but until bar associations' ethics rules catch up to this emerging economic dilemma, firms must decide how to adjust fee structures themselves, says Ines Lassalle at Peyrot & Associates.

  • Economic Questions To Ask Amid Tariff Refund Class Actions

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    The U.S. Supreme Court's recent holding that the International Emergency Economic Powers Act doesn't authorize the president to impose tariffs has sparked class actions, but determining whether a retailer received a windfall is complex, even if it passed tariff costs into consumer prices before receiving a refund, say economists at Ankura Consulting Group.

  • USTR Forced Labor Tariff Plan Pushes Trade Recourse Limits

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    Tariffs recently proposed by the U.S. Trade Representative’s Office, which determined that 60 countries failed to implement adequate forced labor protections, expand the use of existing trade remedies to address global supply chain labor standards, potentially inviting both practical adjustments by businesses and careful legal scrutiny, says attorney Sohan Dasgupta.

  • If Upheld, Wash. Millionaire Tax Could Upend State Law

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    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 concepts of “income” and “property” to uphold a new tax on wages over $1 million, says Richard Birmingham at Davis Wright.

  • Series

    Cow Horse Makes Me A Better Lawyer

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    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, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.

  • Checking For AI Errors Is Now A Two-Way Street

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    A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as when catching opposing counsel's AI mistakes could result in an award for attorney fees, says Tamara Barago at Hollingsworth.

  • Series

    The Biz Court Digest: Shoring Up Corporate Law In Maryland

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    Launched more than 20 years ago to improve complex corporate adjudication, Maryland's Business and Technology Case Management Program has been a solid success in some areas, but there always is room for improvement, says Bill Krulak at Miles & Stockbridge.

  • Series

    Competing At Poker Makes Me A Better Lawyer

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    Playing poker in male-dominated rooms taught me to treat skepticism as background noise when my opponents seem to underestimate me, to apply pressure when it matters and to adapt without losing strategic discipline — skills that are all indispensable in restructuring and insolvency matters, says Alexis Gambale at Pashman Stein.

  • 5 Things Associates Must Ask About Their Firm's Merger Plan

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    The associates who navigate law firm mergers best ask the right questions early, such as inquiring about partners' plans, to assess how the merger could affect their workflow and career path, says Jackie Bokser-LeFebvre at Major Lindsey.

  • 2 'Rocket Dockets' And The Rules That Propel Them

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    The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them ahead, says Robert Tata at Hunton.

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