Ore. Dems Seek Early Vote On $4B Transportation Tax Hike
Oregon should hold its voter referendum on whether to roll back its $4 billion transportation funding package in May, not November, legislative Democrats said, drawing an accusation from Republicans that they are aiming for a low turnout.
Tax Pros Warn Of Turbulent 2026 Filing Season Ahead
The 2026 tax filing season likely will be characterized by filing delays, processing backlogs and widespread confusion, tax experts and former IRS commissioners warn, despite promises from federal officials to smoothly deliver billions in new tax benefits with better service, updated forms and modernized systems.
Digital Services Taxes May Give Leverage In US Trade Deals
As President Donald Trump and his administration continue to negotiate with trading partners seeking to lower tariff rates, countries with digital services taxes could find those measures build some leverage with U.S. negotiators aiming to eliminate them.
Ore. Dems Seek Early Vote On $4B Transportation Tax Hike
Oregon should hold its voter referendum on whether to roll back its $4 billion transportation funding package in May, not November, legislative Democrats said, drawing an accusation from Republicans that they are aiming for a low turnout.
Tax Pros Warn Of Turbulent 2026 Filing Season Ahead
The 2026 tax filing season likely will be characterized by filing delays, processing backlogs and widespread confusion, tax experts and former IRS commissioners warn, despite promises from federal officials to smoothly deliver billions in new tax benefits with better service, updated forms and modernized systems.
Digital Services Taxes May Give Leverage In US Trade Deals
As President Donald Trump and his administration continue to negotiate with trading partners seeking to lower tariff rates, countries with digital services taxes could find those measures build some leverage with U.S. negotiators aiming to eliminate them.
Federal More
Investors in a $93 million Miami real estate development scheme are protesting a proposal by the receiver of the company's estate to hire her own law firm, increase the receiver fees and go after recipients of... (more story)
The European Union will suspend tariff countermeasures covering more than €93 billion ($110 billion) of U.S. goods another six months after President Donald Trump backed down from tariff threats this week in r... (more story)
A precious metals partnership notified a Colorado federal judge Tuesday of plans to move its lawsuit against FTM Wealth to state court after learning from FTM member Nathaniel Ott's lawyer that he is a Colorad... (more story)
The sister of a former Massachusetts state senator pled guilty to attempting to interfere in a grand jury investigation into the politician's allegedly fraudulent collection of unemployment benefits, federal p... (more story)
In this week's Taxation With Representation, Swedish private equity company EQT buys U.K. secondaries firm Coller Capital, biopharmaceutical giant GSK PLC acquires Rapt Therapeutics Inc., and fusion energy com... (more story)
The U.S. Senate is poised to take up bills next week that would provide the IRS with an $11.2 billion budget — a 9% annual cut — and cut $11.7 billion from the IRS spending boost included in the Inflation Reduction Act.
A former lawyer at SCOTUSblog founder Thomas Goldstein's firm said Thursday that Goldstein told coworkers that the more than $960,000 in cash he brought off a flight from Hong Kong — the source of which is int... (more story)
State & Local More
That Fellow Behind The Tree: SALT In Review
From an annual report on businesses' share of the tax load to calls for taxes on millionaires in Washington state and Rhode Island, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
NC Court Backs Asphalt Co. In $2.6M Tax Dispute
A North Carolina asphalt company's transfers of property to its parent company aren't taxable sales because the state Department of Revenue failed to prove there was any form of payment for the products, the s... (more story)
Key False Claims Act Trends From The Last Year
The False Claims Act remains a powerful enforcement tool after some record verdicts and settlements in 2025, and while traditional fraud areas remain a priority, new initiatives are raising questions about its... (more story)
Hosting Exchange Students Makes Me A Better Lawyer
Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing... (more story)
How A 1947 Tugboat Ruling May Shape Work Product In AI Era
Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confro... (more story)
Law360 Names Firms Of The Year
Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11... (more story)
IRS Can't Probe Partner-Tier Employment Taxes, 1st Circ. Told
The IRS is not authorized to scrutinize a partner's taxable net earnings at the business-entity level under a 1982 law governing partnership audits, an energy investment firm told the First Circuit, challengin... (more story)
From an annual report on businesses' share of the tax load to calls for taxes on millionaires in Washington state and Rhode Island, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
A North Carolina asphalt company's transfers of property to its parent company aren't taxable sales because the state Department of Revenue failed to prove there was any form of payment for the products, the s... (more story)
The False Claims Act remains a powerful enforcement tool after some record verdicts and settlements in 2025, and while traditional fraud areas remain a priority, new initiatives are raising questions about its... (more story)
Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing... (more story)
Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confro... (more story)
Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11... (more story)
The IRS is not authorized to scrutinize a partner's taxable net earnings at the business-entity level under a 1982 law governing partnership audits, an energy investment firm told the First Circuit, challengin... (more story)
International More
UN Committee Releases Revised Tax Convention Template
The United Nations released an updated template for the framework convention on international tax cooperation with more descriptive wording on allocating taxing rights, a new article on exchange of information... (more story)
Cost Of Tax Breaks On Pension Contributions Nears £60B
The cost to the state of providing tax breaks on pensions savings is set to rise to nearly £60 billion ($81.2 billion) next year, according to official figures.
UK Trading Co. Escapes £1.5M In Penalties For Tax Scheme
HM Revenue & Customs lacked sufficient evidence to justify more than £1.5 million ($2 million) in penalties on a securities trading company for careless and deliberate inaccuracies on its returns linked to a t... (more story)
Man Can't Blame Tax Preparer For Failure To File, IRS Says
A man found to have received income by using his company's cash as his own can't escape penalties by blaming his tax preparer for his failure to file, the government told the U.S. Tax Court.
Judge Severs Tax Charges From Ex-Rep's Foreign Agent Case
A former Florida congressman will get to contest tax charges against him separately from a criminal indictment alleging he and a political consultant failed to register as foreign agents while lobbying on beha... (more story)
UN Committee Floats Draft For Taxing Cross-Border Services
Negotiators at the United Nations released a draft of potential cross-border measures that could eventually appear in a multilateral treaty to help countries tax the income of remote corporations that currentl... (more story)
Nomura Says Fund's $49M Claim Is 'Misconceived'
Two securities trading arms of Nomura Group have denied causing an investment fund to lose more than $43 million by selling the fund's shares and overcharging it almost $6.8 million in connection with capital gains tax.
The United Nations released an updated template for the framework convention on international tax cooperation with more descriptive wording on allocating taxing rights, a new article on exchange of information... (more story)
The cost to the state of providing tax breaks on pensions savings is set to rise to nearly £60 billion ($81.2 billion) next year, according to official figures.
HM Revenue & Customs lacked sufficient evidence to justify more than £1.5 million ($2 million) in penalties on a securities trading company for careless and deliberate inaccuracies on its returns linked to a t... (more story)
A man found to have received income by using his company's cash as his own can't escape penalties by blaming his tax preparer for his failure to file, the government told the U.S. Tax Court.
A former Florida congressman will get to contest tax charges against him separately from a criminal indictment alleging he and a political consultant failed to register as foreign agents while lobbying on beha... (more story)
Negotiators at the United Nations released a draft of potential cross-border measures that could eventually appear in a multilateral treaty to help countries tax the income of remote corporations that currentl... (more story)
Two securities trading arms of Nomura Group have denied causing an investment fund to lose more than $43 million by selling the fund's shares and overcharging it almost $6.8 million in connection with capital gains tax.