Medline Can't Get $2.4M Tax Incentive, Wash. Panel Affirms
Medline did not qualify for a $2.4 million remittance of sales tax paid toward the construction of a state warehouse, a Washington state appeals panel affirmed Tuesday, saying the medical supplier failed to show that it merited a key tax incentive.
GOP Budget Would Protect US From OECD Taxes, Rep. Says
Senate tax writers working on the $3.8 trillion budget reconciliation bill should support its international tax provisions intended to protect U.S. multinationals from paying higher taxes under the OECD's framework, a House Ways and Means Committee member said Tuesday.
US Won't Stand In Way Of Domestic Min. Taxes, Official Says
The U.S. government wants to preserve other nations' ability to levy domestic minimum taxes on American multinational corporations' local income while ensuring countries can't apply international rules to make those companies pay a minimum rate everywhere they operate, a U.S. Treasury Department official said Tuesday.
Medline Can't Get $2.4M Tax Incentive, Wash. Panel Affirms
Medline did not qualify for a $2.4 million remittance of sales tax paid toward the construction of a state warehouse, a Washington state appeals panel affirmed Tuesday, saying the medical supplier failed to show that it merited a key tax incentive.
GOP Budget Would Protect US From OECD Taxes, Rep. Says
Senate tax writers working on the $3.8 trillion budget reconciliation bill should support its international tax provisions intended to protect U.S. multinationals from paying higher taxes under the OECD's framework, a House Ways and Means Committee member said Tuesday.
US Won't Stand In Way Of Domestic Min. Taxes, Official Says
The U.S. government wants to preserve other nations' ability to levy domestic minimum taxes on American multinational corporations' local income while ensuring countries can't apply international rules to make those companies pay a minimum rate everywhere they operate, a U.S. Treasury Department official said Tuesday.
Federal More
With the U.S. Department of Justice now offering rewards to whistleblowers who report businesses that employ unauthorized workers, companies should understand the immigration enforcement landscape and how they... (more story)
In the final days of May, decisions in two significant court actions upended the tariff and trade landscape, so until the U.S. Supreme Court rules, businesses and supply chains should expect tariffs to remain ... (more story)
In Walker v. FRP Investors, the Delaware Court of Chancery recently held that the general partner of a limited partnership breached its obligations when determining the threshold value of newly issued incentiv... (more story)
Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires... (more story)
An Ohio federal judge should have shielded Eaton Corp.'s evaluations of more than a dozen overseas workers from an IRS investigation of the company's sale of intellectual property, not just the records for wor... (more story)
A team is working on draft Internal Revenue Service regulations implementing the simplified transfer pricing approach for baseline marketing and distribution activities known as Amount B, a U.S. Treasury offic... (more story)
New IRS Commissioner Billy Long has called for a transformation of the agency's culture, telling employees that he plans to make the IRS friendlier to both taxpayers and workers during his term, the agency said Monday.
State & Local More
Colo. Justices Urged To Nix Co.'s Win On City's Telecom Tax
A pair of tax ordinances aimed at telecommunications providers in a Colorado city, including a T-Mobile subsidiary, were not consequential enough to require voter approval under the state's Taxpayer Bill of Ri... (more story)
Texas To Devote $51 Billion Toward Property Tax Relief
Texas will earmark $51 billion toward property tax relief under its $338 billion biennial spending plan that was signed into law by Gov. Greg Abbott.
Ky. Justices Quash T-Mobile's Service Fee Refund Request
A Kentucky trial court correctly ruled that T-Mobile wasn't entitled to a refund of 911 service charges it previously paid for its prepaid cellular customers, the state Supreme Court ruled.
Weil Gotshal Hires Akin Gump Tax Partner In NY
Weil Gotshal & Manges LLP announced Monday the hiring of a partner at Akin Gump Strauss Hauer & Feld LLP as a tax partner out of Weil's New York office.
9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusio... (more story)
Texas Justices Pass On USA Today, Tax Firm Defamation Fight
The Texas Supreme Court on Friday declined to take up a venue dispute in a defamation suit against USA Today over a 2021 investigative series into tax services and technology company Ryan LLC.
One Singular, Sensible Rate: SALT In Review
From Ohio's move toward a flat income tax to a New York City mayoral candidate's proposal to fund expanded public benefits, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
REIT Wants Mo. Justices To Review City Tax On Rental Income
Rental income from property owned by healthcare real estate investment trust Ventas Inc. should not be taxed by Kansas City, Missouri, as income from business activity, the company said, seeking review of the ... (more story)
Taxation With Representation: Latham, Paul Weiss, Covington
In this week's Taxation With Representation, Nippon Steel closes its purchase of U.S. Steel, Hunter Point Capital buys a minority stake in Equitix, Eaton acquires Ultra PCS Ltd. from the Cobham Ultra Group, an... (more story)
A pair of tax ordinances aimed at telecommunications providers in a Colorado city, including a T-Mobile subsidiary, were not consequential enough to require voter approval under the state's Taxpayer Bill of Ri... (more story)
Texas will earmark $51 billion toward property tax relief under its $338 billion biennial spending plan that was signed into law by Gov. Greg Abbott.
A Kentucky trial court correctly ruled that T-Mobile wasn't entitled to a refund of 911 service charges it previously paid for its prepaid cellular customers, the state Supreme Court ruled.
Weil Gotshal & Manges LLP announced Monday the hiring of a partner at Akin Gump Strauss Hauer & Feld LLP as a tax partner out of Weil's New York office.
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusio... (more story)
The Texas Supreme Court on Friday declined to take up a venue dispute in a defamation suit against USA Today over a 2021 investigative series into tax services and technology company Ryan LLC.
From Ohio's move toward a flat income tax to a New York City mayoral candidate's proposal to fund expanded public benefits, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
Rental income from property owned by healthcare real estate investment trust Ventas Inc. should not be taxed by Kansas City, Missouri, as income from business activity, the company said, seeking review of the ... (more story)
In this week's Taxation With Representation, Nippon Steel closes its purchase of U.S. Steel, Hunter Point Capital buys a minority stake in Equitix, Eaton acquires Ultra PCS Ltd. from the Cobham Ultra Group, an... (more story)
International More
UK Farmers Seek Judicial Review Of Inheritance Tax Changes
A group of farmers and family-owned businesses is taking the U.K. government to court over changes to the inheritance tax to remove exemptions for agricultural land, the firm representing the farmers announced Tuesday.
Drilling Contractor Loses £9.9M Tax Case At UK Top Court
HM Revenue & Customs was right to restrict tax deductions worth £9.9 million ($13.4 million) to a drilling contractor over North Sea oil and gas activities, the U.K. Supreme Court ruled Tuesday.
Talks Ongoing On EU Digital Tax, Italian Official Says
The European Union is continuing to discuss the possibility of adopting a blocwide digital services tax, Italy's top international tax official said Monday.
Supreme Court Won't Leapfrog DC Circ. Over Trump's Tariffs
The U.S. Supreme Court rejected a request from two Illinois-based toy makers challenging President Donald Trump's emergency tariffs to consider their case before it is reviewed by the D.C. Circuit.
Norton Rose Adds Holland & Knight Tax Partner In DC
Norton Rose Fulbright has expanded its tax insurance underwriting offerings in the nation's capital with the addition of a partner from Holland & Knight LLP.
HMRC Cleared Of Forging Warrant To Seize £80M Mansion
A businessman has lost his case that claimed the U.K. tax authority forged a warrant used to seize his £80 million ($107 million) mansion over fraud and money laundering charges, with a London court concluding... (more story)
Toyota Says DOJ Has Closed Thai Bribery Probe
Toyota said Wednesday that the U.S. Department of Justice has closed a long-running Foreign Corrupt Practices Act investigation concerning allegations of bribery at its Thai subsidiary, the latest such probe t... (more story)
A group of farmers and family-owned businesses is taking the U.K. government to court over changes to the inheritance tax to remove exemptions for agricultural land, the firm representing the farmers announced Tuesday.
HM Revenue & Customs was right to restrict tax deductions worth £9.9 million ($13.4 million) to a drilling contractor over North Sea oil and gas activities, the U.K. Supreme Court ruled Tuesday.
The European Union is continuing to discuss the possibility of adopting a blocwide digital services tax, Italy's top international tax official said Monday.
The U.S. Supreme Court rejected a request from two Illinois-based toy makers challenging President Donald Trump's emergency tariffs to consider their case before it is reviewed by the D.C. Circuit.
Norton Rose Fulbright has expanded its tax insurance underwriting offerings in the nation's capital with the addition of a partner from Holland & Knight LLP.
A businessman has lost his case that claimed the U.K. tax authority forged a warrant used to seize his £80 million ($107 million) mansion over fraud and money laundering charges, with a London court concluding... (more story)
Toyota said Wednesday that the U.S. Department of Justice has closed a long-running Foreign Corrupt Practices Act investigation concerning allegations of bribery at its Thai subsidiary, the latest such probe t... (more story)