Featured Stories

Swiss Seen Turning To Credits, Subsidies As Pillar 2 Begins

Switzerland is expected to turn to the use of subsidies and tax credits to try to keep business in the country as ... (more story)

Ohio Justices May Clear Up Persistent Sourcing Questions

Two cases pending before the Ohio Supreme Court could resolve questions around the evidentiary bar needed to prove... (more story)

First Purely Tax Crypto Indictment Signals More On Tap

Federal prosecutors' first public indictment of an individual who underreported the capital gains from a nearly $4... (more story)

Federal More

Irish Pub Chain's Ex-CFO Gets 1.5 Years For $1M Tax Fraud

The former chief financial officer of a pub chain with more than a dozen Irish-themed restaurants was sentenced to one and a half years in prison Wednesday by an Ohio federal court for his role in a bookkeepin... (more story)

A Look Ahead For The Electric Vehicle Charging Industry

This will likely be an eventful year for the electric vehicle market as government efforts to accelerate their adoption inevitably clash with backlash from supporters of the petroleum industry, say Rue Phillip... (more story)

Biogas Investment Tax Credit Still Needs Tweaks, IRS Told

While the IRS clarified that the clean energy investment tax credit would cover eligible upgrading equipment integral to biogas properties, the industry could get a boost if final rules allow separate ownershi... (more story)

Wyden Plans Clampdown On Private Placement Life Insurance

Senate Finance Committee Chairman Ron Wyden plans a legislative push to thwart abuse of private placement life insurance, according to a report he released Wednesday that called the arrangements a tax shelter ... (more story)

A Post-Mortem Analysis Of Stroock's Demise

After the dissolution of 147-year-old firm Stroock late last year shook up the legal world, a post-mortem analysis of the data reveals a long list of warning signs preceding the firm’s collapse — and provides ... (more story)

Hunter Biden Wants Tax Case Nixed For Trump Interference

Hunter Biden asked a California federal court to drop a set of criminal tax charges against him, saying that former President Donald Trump is improperly driving the prosecution and that politicians are "openly... (more story)

Sheppard Mullin Adds Ex-Foley Hoag White Collar Partner

Sheppard Mullin Richter & Hampton LLP announced it has hired a former partner from Foley Hoag LLP who focuses his practice on white collar matters to join the firm's Washington, D.C., office.

State & Local More

Baker McKenzie Adds San Francisco Tax Pro From Boutique

Baker McKenzie has hired a state and local tax lawyer in San Francisco who joins the firm to broaden its ability to work with clients on a range of California tax matters, the firm announced Wednesday.

HCA Healthcare Challenges $13.8M Fla. Tax Bill

Florida wrongly classified nonbusiness income as business income and didn't recognize a federal credit for wages paid outside the state when it upheld a $13.8 million corporate income tax assessment on HCA Hea... (more story)

Kansas House Fails To Override Gov.'s Veto Of Flat Tax

A bill that would have restructured Kansas' current income tax rates to create a flat tax rate of 5.25% failed by a single vote Tuesday to override the governor's veto.

Texas Justices Mull If Past Protest Bars Co.'s Tax Appeal

A Texas-based company shouldn't have its current appeal seeking removal of its leased heavy equipment from two counties' assessment rolls barred based on its last unsuccessful attempt, the company told the sta... (more story)

Calif. Justices Told Tax Ballot Measure Revises Constitution

A measure approved for California's November ballot that would make it harder to raise taxes would eliminate lawmakers' ability to tax and would revise the state constitution, the state Legislature told the Ca... (more story)

How 3 New Laws Change Calif. Nonprofits' Legal Landscape

Legislation that went into effect on Jan. 1 should be welcomed by California’s nonprofit organizations, which may now receive funding more quickly, rectify past noncompliance more easily and have greater acces... (more story)

Trump Owes $355M For Fraud That 'Shocks The Conscience'

A New York state judge on Friday found Donald Trump, his adult sons, his companies and longtime executives liable for a decadelong valuation fraud conspiracy, ordering the defendants to disgorge $364 million i... (more story)

Taxation With Representation: Paul Weiss, Kirkland

In this week's Taxation With Representation, Diamondback buys Endeavor, KKR & Co. acquires a stake in Cotiviti, and Gilead Sciences Inc. purchases CymaBay Therapeutics Inc.

NRA Accuses NY AG Of Political Bias As Trial Closes

Lawyers for the National Rifle Association and its former CEO Wayne LaPierre accused New York Attorney General Letitia James of political bias in their final trial arguments Thursday, while a government attorn... (more story)

International More

Developing Countries Favor Majority Voting At UN Tax Group

The United Nations General Assembly's simple majority voting rules should continue to apply in a steering committee to draft rules, procedures and possibly goals for a framework convention on global tax cooper... (more story)

Dentons Adds Tax Partner From LCA For Milan Office

Dentons has recruited a tax specialist from LCA to become a partner based in Milan, the firm announced Wednesday.

Swiss Senate Committee Rejects Tonnage Tax

A committee of the upper house of the Swiss Parliament has dismissed a proposal to introduce a tonnage tax in the country, the Parliament has said in a statement.

Wealthy Nations Want Consensus Voting At UN Tax Group

The United Nations General Assembly's committee for drafting the rules and goals of an international tax convention should make decisions by consensus rather than following the assembly's simple majority votin... (more story)

Kirkland & Ellis Brings On Weil Tax Pros In NY, DC

Kirkland & Ellis has recruited a pair of real estate tax partners from Weil Gotshal & Manges LLC who advised clients on a wide range of complex transactions, Kirkland announced Tuesday.

EU Drops 4 Jurisdictions From Tax Haven Blacklist

The European Union removed four jurisdictions Tuesday from its list of noncooperative jurisdictions for tax purposes, the Council of the EU announced, saying the jurisdictions had either resolved their deficie... (more story)

Barrister Disbarred For Pocketing £149K In VAT Payments

A barrister was ordered to be disbarred on Monday after he admitted to receiving value-added tax on his professional fees despite not being registered for it, with a tribunal saying he acted dishonestly and th... (more story)