Featured Stories

The Tax Angle: Child Care, Medical Debt, Small Biz Relief

As talks take place on Capitol Hill over the impact the expiration of the Tax Cuts and Jobs Act will have on small... (more story)

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)

Federal More

Much Of Pillar 1 Treaty Agreed On, OECD Official Says

Agreement has been reached on the bulk of a multilateral pact to implement new taxing rights that are part of a revamp of the international tax system and on expansions to a part of the taxing rights plan, an ... (more story)

Tax Court Nixes $22.6M Deduction For Historic Renovation

The U.S. Tax Court denied Wednesday a $22.6 million deduction to a partnership for a conservation easement on its 11-story historic building in downtown Cleveland, saying the easement did not prevent the scale... (more story)

Gov't Views On OECD Risk Guidance Vary, Economists Say

In allocating risk among different components of a business for transfer pricing purposes, analysts need to consider governments' varying interpretations of guidance from the Organization for Economic Cooperat... (more story)

Connell Foley Adds Wilson Elser Tax Pro In Group Upgrade

Connell Foley LLP strengthened its tax and estate team this week with the promotion of several attorneys up to partner and the addition of a mergers and acquisitions and corporate restructuring tax expert prev... (more story)

Now More Than Ever, Lawyers Must Exhibit Professionalism

As society becomes increasingly fractured and workplace incivility is on the rise, attorneys must champion professionalism and lead by example, demonstrating how lawyers can respectfully disagree without being... (more story)

Rising Star: Cravath's Kiran Sheffrin

Kiran Sheffrin of Cravath Swaine & Moore LLP has advised companies from Anheuser-Busch InBev to Valvoline on multibillion-dollar deals, including a $50 billion combination resulting in the formation of pharmac... (more story)

Woman Can't Escape Suit Over Partner's $1.1M FBAR Debt

A woman whose late romantic partner owed $1.1 million in reporting penalties on hidden financial accounts in France and Switzerland can't stop the government from pursuing a suit against her for half the value... (more story)

State & Local More

Dividends Wrongly Included, Water Utility Tells NJ Tax Court

A water services company operating in New Jersey told the state's tax court that the Division of Taxation erred in denying its attempt to exclude $25 million in intercompany dividends for tax years 2017 and 20... (more story)

Disney To Join IBM's Bid To Bring NY Tax Fight To Justices

The Walt Disney Co. joined IBM in asking the U.S. Supreme Court for more time to file a petition for review of a New York high court decision that upheld tax on royalties received from foreign affiliates.

Wayfair, Colo. City Agree To Dismiss Sales Tax Suit

Wayfair and a Colorado city have agreed to end a suit by the home furnishings retailer over past sales taxes, stipulating a dismissal of all claims between the parties in state district court.

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)

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)

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.

International More

Baker McKenzie Adds EY Partner To Mexico City Office

Baker McKenzie has appointed a new partner from EY Mexico to its North American tax practice group in Mexico City.

Estonia Expects Solutions From EU Chair On VAT Law

Estonia said Wednesday that it expects "constructive solutions" from the current chair of European Union meetings regarding changes to value-added tax law, which Estonia blocked during meetings of EU finance m... (more story)

Labour Gov't To Make Fiscal Rules Law, Empower OBR

The new Labour government will legislate to write into law the Treasury's long-held fiscal rules and grant new powers to the Office for Budget Responsibility to scrutinize policy, according to plans confirmed ... (more story)

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)

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.