Tax Bills To Watch As Wash. Lawmakers Wind Down For Year
Washington state lawmakers, facing a Sunday deadline to wrap up their work for the year, are rushing to get several tax bills to the finish line with the potential to significantly change policy in the state. Here, Law360 looks at key tax bills before the Legislature in the final days of its session.
Silicon Valley Bank Liquidators Fight $41M Bill In Tax Court
The trust responsible for liquidating assets of the shuttered Silicon Valley Bank told the U.S. Tax Court that the IRS has wrongly charged the bank's operator more than $41 million in additional taxes by claiming it didn't substantiate losses and research activities in the years leading up to its bankruptcy.
UK To Address Chinese Dumping As It Seeks US Trade Deal
The U.K. government announced plans Wednesday to mitigate the risk of cheap goods from China being dumped into British markets while it pursues a trade deal with the U.S. to cancel incoming tariffs.
Tax Bills To Watch As Wash. Lawmakers Wind Down For Year
Washington state lawmakers, facing a Sunday deadline to wrap up their work for the year, are rushing to get several tax bills to the finish line with the potential to significantly change policy in the state. Here, Law360 looks at key tax bills before the Legislature in the final days of its session.
Silicon Valley Bank Liquidators Fight $41M Bill In Tax Court
The trust responsible for liquidating assets of the shuttered Silicon Valley Bank told the U.S. Tax Court that the IRS has wrongly charged the bank's operator more than $41 million in additional taxes by claiming it didn't substantiate losses and research activities in the years leading up to its bankruptcy.
UK To Address Chinese Dumping As It Seeks US Trade Deal
The U.K. government announced plans Wednesday to mitigate the risk of cheap goods from China being dumped into British markets while it pursues a trade deal with the U.S. to cancel incoming tariffs.
Federal More
A National Treasury Employees Union affiliate urged a Kentucky federal judge Thursday not to find the U.S. Department of the Treasury can lawfully terminate its labor contracts with the national union, arguing... (more story)
Constitutional law does not stop the U.S. from imposing $1.7 million in penalties against a Texan for failure to report foreign bank accounts, the U.S. told a federal court in arguing against the "myriad" of a... (more story)
The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators in Texas and Louisiana along with last month's Fifth Circuit opinion, showcases both the risks... (more story)
The first quarter of 2025 was filled with the refinement of old theories in the property and casualty space, including in vehicle valuation, time to seek appraisal and materials depreciation, says Mathew Droct... (more story)
The Internal Revenue Service wrongly subjected nearly $33 million of a New York investment firm's income to self-employment taxes by disqualifying the firm's limited partners and taxing their distributions, it... (more story)
A dozen states are seeking to block tariffs the Trump administration imposed under the International Emergency Economic Powers Act, claiming in a lawsuit Wednesday the tariffs illegally constitute unprecedente... (more story)
A California federal judge tossed H&R Block's claims that competing tax-preparation company Intuit duped its customers into buying its TurboTax product by falsely claiming an expert would review returns, sayin... (more story)
State & Local More
Minn. Gov. Renews Pitch For HMO Tax Hike, Sales Tax Change
Minnesota Gov. Tim Walz repeated his call for a tax increase on health maintenance organizations and changes to the state sales tax in his annual address to state lawmakers, echoing policies floated in his ini... (more story)
The Benefits Of Aligning States On Legal Paraprofessionals
Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied... (more story)
St. Louis Revenue Collector's Tax Assessment Rejected
St. Louis' revenue collector erred in assessing additional earnings tax on a woman's income from various limited partnerships because the income wasn't earned, the Missouri Appeals Court affirmed Tuesday.
Montana Farmers Union Asks To Join Tribe's Anti-Tariff Suit
The Montana Farmers Union wants to be included in a suit filed by members of the Blackfeet Nation challenging President Trump's tariffs on imports from Canada and abroad, arguing that the duties under scrutiny... (more story)
CPAs Seek Clarity On NJ's Proposed Tax Rule For Dividends
A CPA organization asked New Jersey's tax agency to clarify whether a provision in the state's proposed corporate tax regulations that involve dividends and deemed dividends is designed to subject certain earn... (more story)
NJ AG Pushes To Revive RICO Case Against Power Broker
New Jersey urged a state appellate court to revive its sprawling racketeering indictment against Garden State power broker George E. Norcross III, politically connected attorneys and others, arguing that the t... (more story)
Texas Mulls Sales Tax Exemption For Payment Services
Texas would amend its sales and use tax regime to exclude payment services provided by marketplace providers from the state's definition of taxable data processing services under a bill being considered by the... (more story)
Mich. Plastic Co. Can Apportion City Income, Tribunal Says
A plastic manufacturing company in Michigan can apportion its city income tax liabilities because it has an employee in another municipality and made all its sales outside the city where it's located, the stat... (more story)
Harvard Sues Trump Admin Over $2B Funding Freeze
Harvard University on Monday hit the Trump administration with a suit in Massachusetts federal court, escalating a high-profile battle after the government slashed more than $2 billion in funding amid allegati... (more story)
Minnesota Gov. Tim Walz repeated his call for a tax increase on health maintenance organizations and changes to the state sales tax in his annual address to state lawmakers, echoing policies floated in his ini... (more story)
Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied... (more story)
St. Louis' revenue collector erred in assessing additional earnings tax on a woman's income from various limited partnerships because the income wasn't earned, the Missouri Appeals Court affirmed Tuesday.
The Montana Farmers Union wants to be included in a suit filed by members of the Blackfeet Nation challenging President Trump's tariffs on imports from Canada and abroad, arguing that the duties under scrutiny... (more story)
A CPA organization asked New Jersey's tax agency to clarify whether a provision in the state's proposed corporate tax regulations that involve dividends and deemed dividends is designed to subject certain earn... (more story)
New Jersey urged a state appellate court to revive its sprawling racketeering indictment against Garden State power broker George E. Norcross III, politically connected attorneys and others, arguing that the t... (more story)
Texas would amend its sales and use tax regime to exclude payment services provided by marketplace providers from the state's definition of taxable data processing services under a bill being considered by the... (more story)
A plastic manufacturing company in Michigan can apportion its city income tax liabilities because it has an employee in another municipality and made all its sales outside the city where it's located, the stat... (more story)
Harvard University on Monday hit the Trump administration with a suit in Massachusetts federal court, escalating a high-profile battle after the government slashed more than $2 billion in funding amid allegati... (more story)
International More
Methanol Giant's $85M Dividend Chain Ruled Not A Tax Dodge
Dividends totaling $85 million that were paid between subsidiaries of the world's largest methanol producer didn't reach the standard of dodging taxes in Trinidad and Tobago, the top appeals court for some Com... (more story)
Russia Seeks Stay In $5B Award Stemming From Loan Dispute
The Russian Federation asked a D.C. federal court to pause enforcing a $5 billion arbitration award compensating Yukos Capital for Russia's alleged expropriation of loans while litigation plays out in a U.S. S... (more story)
Eaton Allowed To Redact Employee Docs Before Court Review
Eaton Corp. may redact information about employees' religion and sexual orientation from performance reviews before the court examines them privately in chambers in the company's transfer pricing dispute, an O... (more story)
Payroll Biz Exec Banned For 8 Years Over £2.5M Tax Fraud
The boss of a defunct payroll company that failed to pay millions of pounds in value-added tax was banned as a director for eight years on Wednesday after a government investigation into the business' signific... (more story)
Gov't Insurance Tax Revenue Rises To £8.9B In 12 Months
The U.K. government earned a record £8.9 billion ($11.8 billion) through taxing insurance premiums in the financial year to April, official figures revealed on Wednesday.
Billabong Founder Loses Appeal Of AU$50M Tax Bill
A Federal Court of Australia panel on Tuesday largely upheld a judge's ruling that put the founder of surf brand Billabong on the hook for AU$50 million ($32 million) in taxes stemming from the sale of a startup company.
HMRC Tax Investigations Of Large Cos. Drag On, Report Says
HM Revenue & Customs investigations into the tax arrangements of large businesses take almost four years on average, according to research published by a law firm.
Dividends totaling $85 million that were paid between subsidiaries of the world's largest methanol producer didn't reach the standard of dodging taxes in Trinidad and Tobago, the top appeals court for some Com... (more story)
The Russian Federation asked a D.C. federal court to pause enforcing a $5 billion arbitration award compensating Yukos Capital for Russia's alleged expropriation of loans while litigation plays out in a U.S. S... (more story)
Eaton Corp. may redact information about employees' religion and sexual orientation from performance reviews before the court examines them privately in chambers in the company's transfer pricing dispute, an O... (more story)
The boss of a defunct payroll company that failed to pay millions of pounds in value-added tax was banned as a director for eight years on Wednesday after a government investigation into the business' signific... (more story)
The U.K. government earned a record £8.9 billion ($11.8 billion) through taxing insurance premiums in the financial year to April, official figures revealed on Wednesday.
A Federal Court of Australia panel on Tuesday largely upheld a judge's ruling that put the founder of surf brand Billabong on the hook for AU$50 million ($32 million) in taxes stemming from the sale of a startup company.
HM Revenue & Customs investigations into the tax arrangements of large businesses take almost four years on average, according to research published by a law firm.