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Privilege Ruling Could Spur Tax Pros To Inspect AI Policies
A New York federal court ruling denying privilege to a client's communications with an artificial intelligence platform could prompt tax practitioners to reconsider such technology's use in sensitive matters and update client agreements to clarify their AI policies.
Amgen Wants To Preserve Right To Seek Double Tax Relief
Drugmaker Amgen wants to preserve its right to seek a refund for tax years 2010 through 2015 if the IRS "persists" in taking a position inconsistent with the agency's own arguments pertaining to those years in its audit of 2016 to 2018, the company told the U.S. Tax Court.
Bloomberg Denied DC High-Tech Tax Break On Appeal
Bloomberg Inc. was correctly denied a tax break on income from a partnership in Washington, D.C., because the partnership's benefits as a high-tech company did not extend to its owners, the D.C. Court of Appeals said in a decision released Thursday.
Privilege Ruling Could Spur Tax Pros To Inspect AI Policies
A New York federal court ruling denying privilege to a client's communications with an artificial intelligence platform could prompt tax practitioners to reconsider such technology's use in sensitive matters and update client agreements to clarify their AI policies.
Amgen Wants To Preserve Right To Seek Double Tax Relief
Drugmaker Amgen wants to preserve its right to seek a refund for tax years 2010 through 2015 if the IRS "persists" in taking a position inconsistent with the agency's own arguments pertaining to those years in its audit of 2016 to 2018, the company told the U.S. Tax Court.
Bloomberg Denied DC High-Tech Tax Break On Appeal
Bloomberg Inc. was correctly denied a tax break on income from a partnership in Washington, D.C., because the partnership's benefits as a high-tech company did not extend to its owners, the D.C. Court of Appeals said in a decision released Thursday.
Federal More
The Justice Department’s recent lowering of certain medical marijuana products to Schedule III means operators — particularly those simultaneously offering federally illegal adult-use cannabis — must implement... (more story)
Greenberg Traurig LLP has hired in Washington, D.C., a former Eversheds Sutherland counsel who advises clients on state and local tax controversies, tax planning and tax policy matters, the firm has announced.
Three recent appellate decisions that considered artificial intelligence in the context of attorney-client privilege protections illustrate that taxpayers and tax practitioners alike must consider the pertinen... (more story)
In this week's Taxation With Representation, Equity Residential and AvalonBay Communities Inc. combine, investment firms CVC and Groupe Bruxelles Lambert lead a group of investors to buy pharmaceuticals compan... (more story)
The U.S. Supreme Court's opinion this month in a freight negligence case that adhered closely to statutory text bolsters an argument that the plain language of the law entitles FedEx to an $89 million foreign ... (more story)
The D.C. Circuit on Thursday sought the views of the Trump administration on a crucial component of Russia's sovereign immunity defense as the appeals court weighs jurisdiction in litigation to enforce a nearl... (more story)
One of the nation's most accomplished oral advocates, Tom Goldstein, revealed Thursday he has retained another of the nation's most accomplished oral advocates, Elizabeth Prelogar, ahead of his sentencing and ... (more story)
State & Local More
Cannabis Grower Challenges Colorado's Pot Tax Calculus
Colorado's marijuana regulator used an "unlawful" method for calculating average market rates of cannabis that resulted in inflated excise taxes being assessed against state-licensed operators, a proposed clas... (more story)
Trade Court Won't Pause Tariff Ruling During US Appeal
The U.S. Court of International Trade won't stay its ruling blocking the collection of temporary global duties for two businesses and the state of Washington while the federal government appeals the judgment t... (more story)
NY Times Word Puzzles Make Me A Better Lawyer
Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment l... (more story)
NC Voters To Weigh Income, Property Tax Limits
North Carolina voters will decide in November on two proposed constitutional amendments aimed at curbing their income and property taxes after the state General Assembly approved sending the measures to the ballot Wednesday.
Mass. Justices Say Tax Law Not Basis To Block Bog Sale
A Massachusetts law that lowers property tax rates on agricultural land does not grant standing to abutters seeking to unwind the sale of a Cape Cod cranberry bog to a developer, the state's highest court said Wednesday.
Va. Gov.'s Cannabis Bill Veto Keeps State In Legal Limbo
Virginia Gov. Abigail Spanberger's veto of legislation to tax and regulate the sale of adult-use cannabis will keep the commonwealth in a state of cannabis legal limbo for the foreseeable future.
Law School's Missed Lesson: Diagnose Before Arguing
Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are interna... (more story)
Colorado's marijuana regulator used an "unlawful" method for calculating average market rates of cannabis that resulted in inflated excise taxes being assessed against state-licensed operators, a proposed clas... (more story)
The U.S. Court of International Trade won't stay its ruling blocking the collection of temporary global duties for two businesses and the state of Washington while the federal government appeals the judgment t... (more story)
Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment l... (more story)
North Carolina voters will decide in November on two proposed constitutional amendments aimed at curbing their income and property taxes after the state General Assembly approved sending the measures to the ballot Wednesday.
A Massachusetts law that lowers property tax rates on agricultural land does not grant standing to abutters seeking to unwind the sale of a Cape Cod cranberry bog to a developer, the state's highest court said Wednesday.
Virginia Gov. Abigail Spanberger's veto of legislation to tax and regulate the sale of adult-use cannabis will keep the commonwealth in a state of cannabis legal limbo for the foreseeable future.
Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are interna... (more story)
International More
Pension Plans Can't Shake Belgium's $144M Tax Fraud Suit
A group of pension plans and associated individuals cannot use timing limitations to quickly dismiss the Belgian government's suit alleging they fraudulently claimed about €124 million ($144 million) in tax re... (more story)
UK Labour Leadership Hopeful Floats Capital Gains Tax Hike
A Labour member of the U.K. Parliament vying to succeed Prime Minister Keir Starmer has said he will work to implement a "wealth tax that works" by equalizing capital gains tax and income tax rates if he wins ... (more story)
Baltimore Atty Not Liable For Client's Taxes, 4th Circ. Told
A Baltimore attorney is challenging a court's order that he cover unpaid federal income taxes owed by his client's holding company, telling the Fourth Circuit on Thursday that the government is wrongly using t... (more story)
Portugal Must Reclaim Illegal State Aid, EU Court Says
The European Union's top court said Thursday that Portugal can't suspend tax enforcement proceedings against a company that benefited from unlawful state aid granted by the Madeira Free Zone.
'Check-The-Box' Correctly Applied To Partnership, IRS Says
The U.S. Tax Court properly applied what are commonly known as check-the-box rules in determining that a company contributing a promissory note for a stake in a partnership had zero basis in the note, the IRS ... (more story)
ECJ Adviser Backs Challenge To Sweden's Bank Risk Tax
The European Union's lower court was wrong to uphold Sweden's risk tax on the country's largest credit institutions, an adviser to the bloc's top court said Thursday, because the levy could create a potential ... (more story)
UK To Crack Down On Energy Giants' Offshore Tax Planning
U.K. Chancellor of the Exchequer Rachel Reeves announced plans Thursday to restrict offshore tax planning by energy multinationals as part of a series of fiscal measures, including cuts to fuel duty and value-added tax.
A group of pension plans and associated individuals cannot use timing limitations to quickly dismiss the Belgian government's suit alleging they fraudulently claimed about €124 million ($144 million) in tax re... (more story)
A Labour member of the U.K. Parliament vying to succeed Prime Minister Keir Starmer has said he will work to implement a "wealth tax that works" by equalizing capital gains tax and income tax rates if he wins ... (more story)
A Baltimore attorney is challenging a court's order that he cover unpaid federal income taxes owed by his client's holding company, telling the Fourth Circuit on Thursday that the government is wrongly using t... (more story)
The European Union's top court said Thursday that Portugal can't suspend tax enforcement proceedings against a company that benefited from unlawful state aid granted by the Madeira Free Zone.
The U.S. Tax Court properly applied what are commonly known as check-the-box rules in determining that a company contributing a promissory note for a stake in a partnership had zero basis in the note, the IRS ... (more story)
The European Union's lower court was wrong to uphold Sweden's risk tax on the country's largest credit institutions, an adviser to the bloc's top court said Thursday, because the levy could create a potential ... (more story)
U.K. Chancellor of the Exchequer Rachel Reeves announced plans Thursday to restrict offshore tax planning by energy multinationals as part of a series of fiscal measures, including cuts to fuel duty and value-added tax.