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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

Ga. Man Hit With Charges Over Unemployment, Tax Fraud

Georgia federal prosecutors unsealed an indictment on Thursday against an Atlanta man charged with using stolen personal information to secure tens of thousands of dollars in unemployment benefits and tax returns.

Manufacturers Back 3M In 8th Circ. Transfer Pricing Case

The National Association of Manufacturers joined the chorus of business groups supporting 3M, asking the Eighth Circuit to throw out transfer pricing regulations that allow the Internal Revenue Service to real... (more story)

Medtronic Urges 8th Circ. To Undo Transfer Pricing Ruling

Medical device company Medtronic asked the Eighth Circuit on Friday to overturn a decision rejecting its pricing method for licensing intellectual property to its Puerto Rican affiliate, saying in the long-run... (more story)

Conspirators In $3M IRS Refund Check Theft Get Prison Terms

Two men will serve lengthy prison terms for their role in conspiring to steal and cash a Houston couple's tax refund check worth nearly $3 million, according to sentencing orders filed in Texas federal court.

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.

Chamber, Others Back 3M In Transfer Pricing Appeal

The Eighth Circuit should set aside transfer pricing regulations from the U.S. Treasury Department that reallocated $23 million of income from 3M's Brazilian affiliate to the parent company, three trade associ... (more story)

State & Local More

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)

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)

Ariz. Panel Votes To Put Public Nuisance Tax Credits On Ballot

Arizona property owners impacted by deemed public nuisances that local governments fail to address, which would include homelessness, could qualify for tax refunds from the state if voters approve a ballot mea... (more story)

'Jock Tax' Is Constitutional, Pittsburgh Tells Pa. Justices

The Pennsylvania Commonwealth Court erred by ruling Pittsburgh's fee on nonresident professional athletes violates the state constitution's uniformity clause, the city told the Pennsylvania Supreme Court.

Trump Gets March 25 Trial Date In NY Hush Money Case

The Manhattan district attorney's hush money case against Donald Trump is on track to be the first of the former president's four criminal matters to go to trial, after a state judge on Thursday denied his mot... (more story)

Tax Cap Won't Smoke Philip Morris Credits, NC Justices Hear

North Carolina's $6 million cigarette export tax cap only limits the credits that can be claimed in a year, not the amount of credit that can be generated, Philip Morris told the state justices Wednesday as it... (more story)

International More

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

Kirkland & Ellis have 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)

OECD Presents Simplified Amount B Transfer Pricing Rules

The international negotiating body working on fundamental changes to corporate tax law presented a new approach to simplifying the application of transfer pricing rules on Monday, the Organization of Economic ... (more story)

Irish Parliament Panel Objects To EU's BEFIT Proposal

A committee of Ireland's Parliament objected to a new draft framework for corporate taxation in the European Union, saying it oversteps the legal boundaries of EU legislation and undercuts the ability of indiv... (more story)

Fla. Couple Get 57 Mos. For Evading $42M In Plywood Duties

A Florida couple were sentenced to nearly five years in prison each after confessing to disguising the Chinese origin of millions of dollars' worth of plywood imports to avoid paying $42 million in import tariffs.

EU Must Be Ready To Loosen Fiscal Policy, Gentiloni Says

European Union countries should be ready to loosen their fiscal policy to stimulate the economy if growth slows further and inflation keeps falling, Paolo Gentiloni, the EU's tax commissioner, said Thursday.