The providers of so-called gig economy platforms such as Uber and Airbnb will be required to report the tax information of sellers on their networks under recommended rules issued Thursday by the Organization for Economic Cooperation and Development.
From a U.S. Supreme Court decision to end a challenge to a decades-old tribal tax sovereignty standard to state supreme court rulings on emerging issues including apportionment and cloud computing, the first six months of 2020 gave tax professionals plenty to analyze. Here, Law360 looks at five important state and local tax cases from the year's first half.
Facing a looming budget gap, Seattle City Council members advanced a $174 million annual tax proposal targeting businesses that have employees with higher incomes, defeating a competing $500 million tax proposal.
Backers of an Arizona initiative that would allow voters to decide whether to legalize and tax recreational marijuana believe they have submitted enough signatures to qualify the question for the November ballot.
Justice Samuel Alito Jr. suggested there is a double standard with how the U.S. Supreme Court deals with the legacy of bigotry in modern law, contrasting Tuesday's decision in a Montana tax case with one from earlier in the term involving nonunanimous juries.
A man suing U.S. officials claiming that he didn't receive a pandemic stimulus check from the Internal Revenue Service because of his marriage to an immigrant must identify himself before the court, an Illinois federal judge ordered.
European Union countries can't prohibit the use of new information by those attempting to correct invoices for value-added tax transactions, the bloc's highest court ruled Thursday in a case involving agricultural businesses in Romania and Germany.
Investment manager BlackRock is not entitled to an exemption from value added tax on its technology platform under a provision meant to protect special investment funds, the European Union's top court ruled on Thursday.
An Illinois appeals court on Tuesday partially reversed a lower court's ruling in long-running proposed class action over pension fund obligations after the city of Chicago said it would stop providing its retirees with fixed-rate health care subsidies funded by city taxes.
The Colorado Supreme Court on Wednesday overturned the governor's executive order suspending laws amid the novel coronavirus pandemic to allow remote signature gathering for ballot initiatives, including a graduated income tax proposal, saying the order violated the state's constitution.
Tennessee's governor signed a budget bill decreasing the state's annual threshold for remote seller and marketplace tax collection from $500,000 to $100,000 and expanding the state's sales and use tax holiday.
A Chinese man, who has fled the U.S., received a sentence of 37 months after pleading guilty to charges in one of the country's first federal cases targeting a "birth tourism" scheme that allows noncitizens to fraudulently secure American citizenship for their infants, according to prosecutors.
Idaho's governor and secretary of state asked the Ninth Circuit on Wednesday to stay a federal judge's order directing the state to provide supporters of an income tax hike measure additional time to gather signatures electronically.
Charitable donations to nonprofit organizations have mostly rebounded from a sharp drop following the 2017 tax overhaul law, but the economic drag from rising unemployment and stock market fluctuations during the novel coronavirus pandemic has started to reverse those gains.
Countries' success with sharing bank information across borders to snuff out tax evasion should serve as inspiration for them to agree on contentious corporate tax reform, the head of the Organization for Economic Cooperation and Development said Wednesday.
Germany has said that securing a pan-European financial transaction tax is a priority for the country during its presidency of the Council of the European Union, as well as supporting efforts by the Organisation for Economic Cooperation and Development to reform the international tax system.
A California state appellate panel ruled Tuesday that only a simple majority of voters was necessary to pass a 2018 San Francisco corporate tax ballot measure brought by the public and not a two-thirds majority, upholding a lower court decision.
The Louisiana Legislature approved two bills that would expand state tax incentive programs to retailers, restaurants and hotels to help them recover from the COVID-19 pandemic, along with a bill to provide tax credits for investments in opportunity zones.
Mississippi, starting Wednesday, will require marketplace facilitators such as Amazon.com Inc. that have economic nexus with the state to collect and remit sales and use tax, under a bill the governor signed Tuesday.
California enacted a $202.1 billion budget that raises taxes, suspends business tax breaks and slashes revenue to make up a $54.3 billion deficit caused by the COVID-19 pandemic as the state continues to combat the virus.
As COVID-19 cases surged in multiple regions amid noncompliance with wearing face masks over the past week, governors of newly dubbed hot-spot states and their neighbors, even ones with declining cases and deaths, rushed to pause reopening activities such as indoor dining.
Foreign individuals stuck in the U.S. because of the novel coronavirus pandemic must be careful to make sure they don't inadvertently fail one of the Internal Revenue Service's tests to qualify for income tax relief, a practitioner said Tuesday.
A restaurant on a New Jersey university campus does not qualify for a property tax exemption as it is not operated for a public purpose, the state Supreme Court said Tuesday in reversing an appellate court decision.
A man suing U.S. officials claiming he didn't receive a stimulus check from the IRS because of his marriage to an immigrant should be required to reveal his identity, the government has told an Illinois federal court.
The Internal Revenue Service has drastically increased its enforcement efforts in an attempt to contact nearly every high-income earner who doesn't file taxes, IRS Commissioner Chuck Rettig told a Senate tax panel Tuesday.
Law360 is proud to present a new series profiling a select group of women in tax law, spotlighting attorneys who have provided outstanding service to their clients and the public, changing the dynamics at their workplaces while they did so.
The IRS has started mailing letters to cryptocurrency users warning they could face penalties or worse if they don't properly report transactions and pay taxes on them. Law360 explores important considerations for cryptocurrency users who have received such a letter.
As heat waves spread across the country, tax lawyers’ thoughts may wander from opportunity zones and global intangible low-taxed income regulations to relaxing by the pool with an entertaining book in hand. Here are 10 books tax practitioners should read.
The U.S. Supreme Court's recent decision in Espinoza v. Montana, which allowed use of state scholarship funds for religious education, signals the court's support for some state independence in controlling permissible use of public funds for religious purposes, says James Layton of Tueth Keeney.
Although captive insurance can help address some of the traditional coverage gaps exposed by the current COVID-19 crisis, three Tax Court cases from recent years illustrate the Internal Revenue Service's hostility toward the entities, says Patrick McCann at Chamberlain Hrdlicka.
Sale-leaseback transactions have new life thanks to the CARES Act's net operating loss changes, which give participants an opportunity to reduce effective tax rates, accelerate refunds and, in some cases, deduct 100% of their rental payments, say William Rohrer and Maximilian Viski-Hanka at Duane Morris.
It has long been the law that attorneys cannot use percentage rental agreements because doing so would constitute an impermissible sharing of fees with nonlawyers, but such arrangements can help lawyers match expenses with revenues in lean times like now, say Peter Jarvis and Trisha Thompson at Holland & Knight.
The reasoning of the Ninth Circuit's Altera v. Commissioner decision — which the U.S. Supreme Court recently declined to review — could provide state tax authorities with an argument for additional discretion when challenging transfer pricing arrangements between affiliated entities, say attorneys at Eversheds Sutherland.
The reasoning in the Oklahoma Supreme Court's recent decision finding no conflict between federal law prohibiting the sale and use of marijuana and a potential state law allowing these actions may serve as a road map for other state courts faced with similar issues, say Justin Stern and Joseph Pangaro at Duane Morris.
Mediation conducted online with participants in different states makes it harder to determine where communications were made, increasing the risk that courts will apply laws of a state that does not protect mediation confidentiality, say mediators Jeff Kichaven and Teresa Frisbie and law student Tyler Codina.
As I learned after completing a recent international arbitration remotely, with advance planning a video hearing can replicate the in-person experience surprisingly well, and may actually be superior in certain respects, says Kate Shih at Quinn Emanuel.
In light of the U.S. Supreme Court's recent decision in Liu v. Securities and Exchange Commission, taxpayers whose pre-Tax Cuts and Jobs Act disgorgement deductions were rejected should consider contesting the Internal Revenue Service's determination, say attorneys at Chamberlain Hrdlicka.
If law firms are truly serious about making meaningful change in terms of diversity, they must adopt a demographically neutral, unbiased hiring equation that looks at personality traits with greater import than grades and class rank, says Thomas Latino at Florida State University College of Law.
With large swaths of the population indoors and primarily online, cybercriminals will be able to exploit law firms more easily now than ever before, but some basic precautions can help, says Joel Wallenstrom at Wickr.
While the odds are admittedly against pro-cannabis legislation moving forward in Congress this year, the latest pandemic relief bill currently pending in the Senate might offer an unexpected opportunity for progress, say attorneys at King & Spalding.
Although value-added tax cuts may seem attractive for governments looking to stimulate economies in the wake of the pandemic, their implementation costs and inefficiencies can cause significant trouble for businesses, says Richard Asquith of Avalara.
What emerges from the group of 200 federal judges confirmed by the Senate under President Donald Trump is a judiciary stacked with young conservative ideologues, many of whom lack basic judicial qualifications, says Sen. Dianne Feinstein, D-Calif., ranking member of the Senate Judiciary Committee.
As lawyers have had more time to write in recent weeks, the number of law firm alerts has increased massively, but a lot of them fail to capture readers and deliver new business, says Richard Torrenzano at The Torrenzano Group.