Featured Stories

3 Tax Reg Groups That May Be Shaky After High Court Rulings

The U.S. Supreme Court issued two rulings that, when combined, open up long-standing federal regulations to challe... (more story)

Top State & Local Tax Cases To Watch In 2024's 2nd Half

From a potential U.S. Supreme Court weigh-in on a Philadelphia resident's wage tax claim to cases addressing the s... (more story)

3 Defenses The IRS Can Fall Back On After Chevron's Demise

The U.S. Supreme Court's decision to eliminate federal agencies' ability to rely on the 40-year-old Chevron doctri... (more story)

Federal More

Intracompany Prices Should Reflect Acquired IP, Panelists Say

When one company buys another for its intellectual property, the subsequent pricing of that asset between the now-related entities should reflect the value of what was acquired, transfer pricing specialists sa... (more story)

More Geographic Adjustments 'On The Table' For Amount B

Countries' ability to make further adjustments for geographic differences in the streamlined transfer pricing approach known as Amount B — part of the OECD's plan for reallocating taxing rights among jurisdict... (more story)

Tycoon's Pilot Says Feds' Stock Tip Claims Don't Add Up

A private pilot who used to work for convicted insider trader and U.K. billionaire Joe Lewis is arguing federal prosecutors can't use allegations that his own trades were suspicious to ramp up a sentence for a... (more story)

7th Circ. Says Foreign Retirement Not Shielded In Bankruptcy

A professor who filed for bankruptcy in Illinois can't protect his Canadian retirement account from creditors because the account is ineligible under a state law shielding accounts that qualify as retirement p... (more story)

Connecticut Contractor Fined $1.75M For Tax Evasion

A Connecticut contractor was ordered to pay a $1.75 million fine for evading federal corporate and individual income taxes from 2006 through 2010, the U.S. Department of Justice announced Tuesday.

Contractor Asks Justices To Review $1.3M R&D Credit Suit

A construction company's shareholders asked the U.S. Supreme Court to review a decision revoking their tax refund for the company's $1.3 million in claimed research credits, saying the Fifth Circuit wrongly de... (more story)

Rising Star: Skadden's Melinda Gammello

Melinda Gammello of Skadden Arps Slate Meagher & Flom LLP has advised numerous clients before the U.S. Tax Court and elsewhere on complex tax matters, including transfer pricing issues and the treatment of fin... (more story)

State & Local More

Capital One Says Lack Of Fla. Ties Warrants Tax Refund

The Florida Department of Revenue should issue Capital One Bank a refund of bank franchise tax because the company did not have a sufficient connection to the state to be assessed the tax, the bank told a state court.

County Says Pittsburgh Schools Can't Force Reassessment

As one taxing body out of many in Allegheny County, Pennsylvania, the School District of Pittsburgh lacks standing in its lawsuit seeking to force a countywide reassessment of property values, the county said ... (more story)

Energy Co. Fights Partnership Losses Denial In NJ Tax Court

An energy company told the New Jersey Tax Court that the state's denial of partnership losses stemming from its interest in a solar energy business was unconstitutional based on precedent outlining the apporti... (more story)

The 2024 Diversity Snapshot: What You Need To Know

Law firms' ongoing initiatives to address diversity challenges have driven another year of progress, with the representation of minority attorneys continuing to improve across the board, albeit at a slower pac... (more story)

These Firms Have The Most Diverse Equity Partnerships

Law360’s law firm survey shows that firms' efforts to diversify their equity partner ranks are lagging. But some have embraced a broader talent pool at the equity partner level. Here are the ones that stood out.

NRA's Policies Called 'Dumpster Fire' As 2nd NY Trial Opens

The New York attorney general cast the National Rifle Association as unrepentant and unreformed as a second-phase bench trial began in state court Monday, after a jury had found the group and its ex-officers l... (more story)

CarMax Distorted SC Activity To Lower Taxes, Judge Says

CarMax Auto Superstores Inc. used intercompany transactions to distort an entity's business activity and thus its tax burden in South Carolina, an administrative law judge ruled, finding the company should hav... (more story)

Tax, Biz Groups Ask MTC To Toss Draft Truck Sourcing Rule

The Multistate State Tax Commission should scrap or pause its attempt to create an alternative to the current mileage-based sourcing rule for trucking receipts, a tax group and others said during a meeting of ... (more story)

Reading Between The Lines Of Justices' Moore Ruling

The U.S. Supreme Court's recent Moore v. U.S. decision, that the Internal Revenue Code Section 965 did not violate the 16th Amendment, was narrowly tailored to minimally disrupt existing tax regimes, but the j... (more story)

International More

Tax Transparency Neglected In Latin America, Ex-Officials Say

The international tax transparency system is failing to produce results for Latin American governments, whose scant information requests are too often met with resistance and whose prosecutions generally lack ... (more story)

Labour Government Urged To Introduce Green Tax Credits

The new Labour government should introduce tax credits for businesses investing in green energy technology, according to a tax expert from the Confederation of British Industry.

EU Leader Stresses Importance Of Digital VAT Law

The head of the European Union's council of members stressed on Tuesday the importance of an agreement on a change to EU VAT law that was blocked by one member country in consecutive meetings in May and June.

Distributions Were Not Dividends, Canada Tax Court Says

Distributions to shareholders after the sale of a Canadian video game company were properly taxed as employee benefits instead of dividends, the Tax Court of Canada ruled.

Widow To Pull $1.7M From Swiss Bank To Pay FBAR Penalties

A logger's widow agreed to pull about $1.7 million from her Swiss bank account to pay down penalties that her late husband's estate owes the IRS for his failure to report offshore accounts, according to a fili... (more story)

Akerman Brings On Chamberlain Hrdlicka Tax Pros In Atlanta

Akerman LLP announced Monday that it picked up a pair of new partners for its tax practice group in Atlanta who were previously with Chamberlain Hrdlicka White Williams & Aughtry.

A Midyear Forecast: Tailwinds Expected For Atty Hourly Rates

Hourly rates for partners, associates and support staff continued to rise in the first half of this year, and this growth shows no signs of slowing for the rest of 2024 and into next year, driven in part by th... (more story)