Tax

  • July 02, 2020

    OECD Offers New Tax Reporting Rules For Gig Economy

    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.

  • July 02, 2020

    Top State & Local Tax Cases Of 2020: Midyear Report

    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.

  • July 02, 2020

    Seattle Council Panel Advances $174M Big-Biz Tax Proposal

    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.

  • July 02, 2020

    Ariz. Drive To Legalize, Tax Pot Submits Petitions For Ballot

    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.

  • July 02, 2020

    Alito Sees Inconsistency In How Justices Address Bigotry

    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.

  • July 02, 2020

    Anonymity Won't Be Allowed In Suit Over COVID-19 Payment

    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. 

  • July 02, 2020

    ECJ Nixes Barring New Info From VAT Invoice Corrections

    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.

  • July 02, 2020

    BlackRock Not Entitled To Tax Exemption, Top EU Court Rules

    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.

  • July 01, 2020

    Ill. Panel Reverses Chicago Health Care Pension Fight Ruling

    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.

  • July 01, 2020

    Colo. Justices Nix Remote Signatures For Tax Ballot Initiatives

    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.

  • July 01, 2020

    Tenn. Cuts Remote Seller, Marketplace Thresholds To $100K

    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.

  • July 01, 2020

    Chinese Man Charged In 'Birth Tourism' Ring Gets 3 Years

    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.

  • July 01, 2020

    Idaho Officials Ask 9th Circ. To Stay Tax Hike Signature Order

    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.

  • July 01, 2020

    Outlook On Giving Not Rosy Despite Rebound From TCJA

    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.

  • July 01, 2020

    Info-Share Gains Should Guide Digital Talks, OECD Head Says

    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. 

  • July 01, 2020

    German EU Presidency Prioritizes Financial Transaction Tax

    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.

  • June 30, 2020

    Calif. Panel Upholds Simple-Majority Approval Of SF Corp. Tax

    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.

  • June 30, 2020

    La. Legislature OKs Biz Tax Breaks Expansion Amid Virus

    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.

  • June 30, 2020

    Miss. Marketplace Facilitator Tax Mandate To Start Wednesday

    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.

  • June 30, 2020

    Calif. OKs $202B Budget With Tax Hikes For Virus Deficit

    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.

  • June 30, 2020

    Coronavirus Regulations: A State-By-State Week In Review

    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.

  • June 30, 2020

    Care Is Required To Get US Tax Residency Relief, Atty Says

    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.

  • June 30, 2020

    NJ Justices Nix Tax Exemption For Eatery At College

    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.

  • June 30, 2020

    US Gov't Challenges Anonymity In Suit Over COVID-19 Check

    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.

  • June 30, 2020

    Rettig Says IRS Scrutinizing All Wealthy Tax Return Nonfilers

    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.

Expert Analysis

  • High Court Religious Tax Credit Ruling Won't Bar State Choice

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    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.

  • Captive Insurance May Help In A Pandemic, But Caution Is Key

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    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.

  • CARES Act Reanimates Sale-Leaseback Tax Benefits

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    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.

  • Opinion

    Time To Consider Percentage Rental Agreements For Lawyers

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    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.

  • Altera Could Bolster State Transfer Pricing Scrutiny

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    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.

  • Okla. High Court Marijuana Ruling Provides Preemption Guide

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    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.

  • What You Say In Online Mediation May Be Discoverable

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    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.

  • 10 Tips For A Successful Remote Arbitration Hearing

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    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.

  • High Court's SEC Enforcement Ruling Has Tax Consequences

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    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.

  • Opinion

    To Achieve Diversity, Law Firms Must Reinvent Hiring Process

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    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.

  • Cybersecurity Steps For Law Firms Amid Heightened Risks

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    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.

  • Congress Could Still Pass Cannabis Legislation In 2020

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    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.

  • VAT Cuts Won't Save Economies, Will Burden Businesses

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    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.

  • Opinion

    Republicans Keep Confirming Unqualified Judicial Nominees

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    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.

  • Tips For Crafting The Perfect Law Firm Alert

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    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.

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