An excise tax on imported tobacco products by weight applies to chemical additives mixed in with the tobacco, not just the tobacco itself, the U.S. Court of International Trade ruled Tuesday, rejecting an importer's bid for a $500,000 refund.
Attorneys for bankrupt drugmaker Avadel Specialty Pharmaceuticals LLC said Tuesday that a combined hearing on its Chapter 11 plan and disclosure statement would have to wait after the Internal Revenue Service filed a $50 million claim against the estate related to outstanding tax liabilities.
A New Jersey state judge on Monday ordered Democratic power broker George E. Norcross III and his affiliated companies to withdraw new subpoenas they issued in their suit over Gov. Phil Murphy's tax break probe, saying they violated her previous order to pause document requests until the state's dismissal bid is resolved.
President Donald Trump sued the House tax committee and New York officials in D.C. federal court Tuesday to block the enforcement of a recently passed law that would allow his state tax return information to be released to federal lawmakers.
An international tribunal has unanimously rejected all of Spanish tuna fishing company Albacora SA's allegations in a $56 million arbitration involving Ecuador that stemmed from a dispute over tax exemptions, the country said.
The IRS has announced six new compliance campaigns focused on issues affecting U.S. nationals' overseas income, capital gains taxes for some pass-through businesses and certain forms of deferred compensation for services.
A complaint against the Colorado Taxpayer's Bill of Rights by a group of the state's political subdivisions was revived Monday by the 10th Circuit, which ruled that a lower court should not have dismissed the case for lack of jurisdiction.
The Massachusetts House and Senate each approved a $43.1 billion compromise budget Monday, sending the governor a bill that tweaks the sales tax treatment of marketplace vendors but drops plans for new taxes on opioids or e-cigarettes.
Chipmaker Altera Corp. on Monday asked all Ninth Circuit judges to rehear a case in which a 2-1 majority found that the Internal Revenue Service was justified in requiring related business entities to include stock-based compensation in their cost-sharing agreements.
France's highest administrative court declined to strike down the French government's information-sharing agreement under the U.S. Foreign Account Tax Compliance Act, finding that requirements to report the financial data of U.S. citizens in France don't violate privacy rights.
Nutter McClennen & Fish LLP added a new partner to the tax department of its Boston office, announcing Monday the hire of an attorney from Drummond Woodsum in Portland, Maine.
A Washington, D.C., district judge granted the federal government a quick win on Friday in a legal challenge to a rule allowing Americans to use short-term health insurance plans, which skirt certain Affordable Care Act requirements, for three years instead of one.
Switzerland-based Banque Bonhôte & Cie SA agreed Friday to pay $1.2 million extra to the U.S. for failing to disclose eight U.S.-related bank accounts with approximately $33 million in assets when it first struck a nonprosecution agreement in 2015.
Baker McKenzie has appointed one of its longtime transfer pricing partners to head its global tax practice, the firm said recently.
The Internal Revenue Service has put millions of taxpayer records at risk by failing to address dozens of cybersecurity flaws, including its failure to take basic steps to authenticate users, according to a congressional watchdog.
A Pennsylvania appeals court ruled Friday that an ambulatory surgical center owned by an Excela Health hospital in Westmoreland County did not qualify for an exemption from property taxes because it could not be considered a "hospital" in and of itself.
In this week's Taxation With Representation, Hillenbrand buys Milacron for $2 billion, Callon Petroleum shores itself up with a $1.2 billion Carrizo buy, and Campbell Soup makes a $300 million sale of a snack food unit.
Senate Finance Committee lawmakers said Friday they requested information from an Alabama real estate licensing board about an appraiser who is alleged to have participated in abusive conservation easement transactions that resulted in $1.8 billion in federal tax deductions.
An anti-tax group urged a California federal judge not to toss its challenge to a state program that automatically funnels a portion of private sector workers' earnings into individual retirement accounts unless they opt out, arguing the program is preempted by federal benefits law.
Sidley Austin LLP has hired former U.S. Rep. Peter Roskam, R-Ill., to join the firm's government strategies group after 25 years serving in both state and national government.
Congress will have little time to pursue tax-related legislation during the second half of 2019, with an August recess and the looming 2020 election season vying for lawmakers’ attention. Here, Law360 previews the most pressing federal tax legislation to watch for during the rest of the year.
The last week has seen the owner of a Manchester skyscraper that needed repair sue several underwriters at Lloyd's, a prominent cryptocurrency trader drag a U.K. digital currency exchange into court and an executive for Honeywell sue HSBC Bank PLC. Here, Law360 looks at those and other new claims in the U.K.
The late retired U.S. Supreme Court Justice John Paul Stevens left behind a legacy of consequential opinions on topics from nexus for state taxation to agency deference. Here, Law360 examines five significant majority opinions or dissents affecting tax authored by Justice Stevens.
The U.S. Tax Court would have been better served by a looser interpretation of the comparable uncontrolled transaction method in the Medtronic case, tax specialists who examined the use of different methods in transfer pricing cases said Thursday.
Alcatel-Lucent USA can’t seek a farmland assessment on a wooded portion of its North American headquarters property in New Jersey because the company did not respond to a municipal tax assessor's records request, a state appeals court ruled Thursday.
The new federal tax law was expected to change how deals get structured, and four months after its enactment, it is becoming clear how the legislation is having an impact on negotiations and tax planning strategies.
The California Superior Court's first two decisions following Cannabis Coalition v. Upland shine light on pending challenges to the state's supermajority voting requirement for passing local special taxes introduced by voter initiative, say Robert Merten and Richard Nielsen at Pillsbury.
Until recently, real estate projects appeared to be best suited to qualify for opportunity zone investments, but the U.S. Department of the Treasury's ongoing opportunity zone guidance has demonstrated its potential application to active businesses in the hospitality sector, says James Gueits of Spiritus Law.
As electronic data demands on federal courts continue to increase, it may be time to consider whether the courts should establish an office that could be staffed with technical experts familiar with electronic discovery issues, says Douglas Smith of Kirkland.
Two recent IRS notices, adjusting the value of production tax credits and creating a safe harbor for certain U.S. Department of Defense-caused project delays, provide a small breath of fresh air for the onshore wind industry, says David Burton at Norton Rose.
With the introduction of detailed legislation on July 11 for what the United Kingdom considers to be “a targeted, proportionate and temporary tax,” the U.K. hopes to keep the pressure on the Organization for Economic Cooperation and Development for a comprehensive consensus-based solution to a digital services tax, say attorneys at Squire Patton.
Rothschild Barry's John Coffey, who joined Justice John Paul Stevens' law firm in 1965, shares what it was like to watch Justice Stevens practice law, mentor younger lawyers and land a malfunctioning plane.
Apart from a too-narrow high-taxed global income exclusion, the notable differences in the final regulations released by the IRS last month from the proposed regulations were the refinements to the calculation of global intangible low-taxed income, says Robert Kiggins of Culhane Meadows.
Legislation recently introduced in the Senate would create a new tax-exempt financing option for carbon dioxide generating facilities that spend capital developing green countermeasures for carbon capture and sequestration, says Taylor Klavan of Squire Patton.
Although an appeal to the New Jersey Supreme Court is pending, if the New Jersey Appellate Division's recent decision in Gourmet Dining v. Union Township stands, it may prove to be a watershed moment for property tax jurisprudence in the state by broadening the definition of "public purpose" to potentially include private, for-profit use of property, says Carl Rizzo of Cole Schotz.
While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.
A recent decision by the U.S. Court of Appeals for the District of Columbia Circuit took an expansive view of equitable tolling of statutory filing deadlines and has potentially far-reaching ramifications for the U.S. Tax Court’s power to grant equitable relief, says Laura Gavioli at McDermott.
The administrative record is very important to federal agency litigation — as showcased in last month's U.S. Supreme Court decision concerning the addition of a citizenship question to the 2020 census — yet there is no set of consistent principles to guide agencies in compiling these official records, say attorneys at WilmerHale.
The U.S. Tax Court's decision this month in Smith v. Commissioner — finding that a taxpayer was carrying on his business in a year without sales income — provides guidance on determining when a business started and proving it, says Bryan Camp, a professor at Texas Tech University School of Law.
On July 5, the San Francisco Superior Court held that two local taxes passed by voter initiative are valid because they are not subject to the two-thirds voting requirement for special taxes codified in the California Constitution. Attorneys at Reed Smith discuss the implications for San Francisco taxpayers who must now pay the taxes despite continuing litigation in the case.
In the 2019 legislative session, the Kentucky General Assembly devoted its efforts to tidying up last year's sweeping legislative changes to the state’s tax structure, many of which went into effect on July 1, says Rachael Chamberlain of Frost Brown.