Featured Stories

Swiss Bank Probe May Prompt IRS To Revive Disclosure Effort

Senate Finance Committee Chairman Ron Wyden's latest investigation into the Swiss banking industry may apply furth... (more story)

Belgium's Anticipated Green Tax Break Carries Some Doubts

A proposal working its way through the Belgian Parliament would create opportunities for investors in green and su... (more story)

EU Expansion Question Shines Light On Tax Voting Procedure

The question of whether the European Union should expand beyond its current 27 member countries is putting the spo... (more story)

Federal More

Biz Owners Tell House Panel Extending Tax Cuts Is Crucial

It is essential that Congress extends provisions of the 2017 tax law that are set to expire in 2025, especially the law's pass-through deduction, business leaders told the House Ways and Means Committee on Thursday.

Judge Sends Tax Data Suit Against H&R Block To Arbitration

A man who used H&R Block to prepare his taxes online and then sued the company, along with Google and Meta Platforms Inc., for sharing his private data must pursue his claims against the tax preparation softwa... (more story)

Fla. Restaurateur Gets Prison Time For Dodging Payroll Taxes

The ex-CEO of a defunct Jacksonville, Florida-based restaurant chain was sentenced to 2½ years in federal prison after pleading guilty earlier this year to willfully failing to pay more than $5 million in payroll taxes.

Int'l Salesman Stuck With FBAR Fines For Swiss Account

An agricultural salesman earning money in Ukraine willfully hid a Swiss bank account from the IRS that neither his accountant nor his wife knew about, a Nebraska federal judge said Thursday in upholding more t... (more story)

Tax Controversy Quintet Joins Bradley Arant In Atlanta

Bradley Arant Boult Cummings LLP announced that it hired a five-person tax controversy team from Chamberlain Hrdlicka White Williams & Aughtry highlighted by the addition of three experienced partners, includi... (more story)

Proskauer Adds Kirkland Partner For Tax, Estate Issues

Proskauer Rose LLP has added to its private client services department a partner from Kirkland & Ellis LLP who specializes in developing domestic and international tax and estate plans for clients with very hi... (more story)

Burr & Forman Adds Longtime In-House Leader To Fla. Office

Burr & Forman LLP has brought on an in-house pro with more than $60 billion of transaction experience to its office in Jacksonville, Florida, adding the former general counsel of public company Cannae Holdings... (more story)

State & Local More

Tenn. Senate Rejects Less Costly Corp. Tax Break Plan

The Tennessee Senate rejected Thursday a less costly House of Representatives version of legislation to reform the state's corporate franchise tax and refund some past payments, sending it back to the House.

Weisselberg's Perjury At Trial Spotlights Atty Ethics Issues

Former Trump Organization executive Allen Weisselberg’s recent guilty plea for perjury in the New York attorney general's civil fraud trial should serve as a reminder to attorneys of their ethical duties when ... (more story)

Trump Fails Again To Halt NY Trial Over Claim Judge Is Biased

Donald Trump on Wednesday tried and failed for the third time in as many days to delay his upcoming hush-money trial, after arguing the judge should be removed for supposed bias and that the judge's rules were... (more story)

Practicing Law With Parkinson's Disease

This Parkinson’s Awareness Month, Adam Siegler at Greenberg Traurig discusses his experience working as a lawyer with Parkinson’s disease, sharing both lessons on how to cope with a diagnosis and advice for su... (more story)

Md. Digital Ad Tax Rule Illegally Bars Speech, Chamber Says

A provision in Maryland's digital ad tax law barring companies from directly passing the tax through to consumers regulates companies' speech, not just their conduct, violating the First Amendment, business gr... (more story)

NYC Developers Get $270M In Financing For Brooklyn Project

The Gotham Organization, Monadnock Development and the Christian Cultural Center obtained $270 million in construction financing for the first phase of their mixed-use Innovative Urban Village project in Brook... (more story)

NYC Developers Blame Tax Break Loss For Apartment Slump

The foundation application filings for multifamily housing in New York City declined significantly in March, which signifies a decline that began after the city's 421-A tax break expired in June 2022, the NYC ... (more story)

Ohio Rep. Says Energy Taxes Could Offset Proposed Cuts

Lost revenue resulting from a bill to end Ohio's income and business receipts taxes could come from new or increased taxes on energy production, a sponsor of the legislation told a state House of Representativ... (more story)

Ohio Justices Voice Displeasure With Woodland Deduction

Several Ohio Supreme Court justices sounded skeptical Tuesday of the state tax commissioner's valuation of a deduction for clearing woodlands that factors into assessments of agricultural properties, saying th... (more story)

International More

BlackRock Can't Deduct Interest On $4B, London Court Finds

Financial services firm BlackRock cannot deduct interest on $4 billion in loans it used for the 2009 purchase of Barclays Global Investors because avoiding taxes was the main reason for the way it structured t... (more story)

OECD Plans More Guidance On Global Min. Tax, Official Says

The Organization for Economic Cooperation and Development will issue further guidance on the global minimum corporate tax, a top official from the organization said Thursday, and another official defended a ba... (more story)

Plastic Surgeon Owes $7.7M From Offshore Scheme, US Says

A now-retired plastic surgeon owes the Internal Revenue Service more than $7.7 million after he ran an offshore employee leasing scheme and he and his wife transferred nearly all their assets to their then-11-... (more story)

Australia's Tax Office Seeks Input On Risk-Weighted Assets

The Australian Taxation Office is seeking comments on a paper about how it measures the risk-weighted assets of a foreign bank's Australian branch when applying thin capitalization rules, the ATO announced.

Healthcare Co. Can't Sue Ex-Exec For Causing Canada Tax Hit

A Colorado federal judge shot down a pharmacy automation company's suit alleging its former chief commercial officer cost it nearly CA$1.2 million ($907,000) in Canadian taxes by not telling his employer he ha... (more story)

UK Court Affirms Sweet VAT Ruling For Jumbo Marshmallows

Jumbo-size marshmallows are not candy like regular marshmallows because they're meant to be roasted, so they qualify for a value-added tax exemption for food, the U.K. Upper Tribunal ruled in upholding a lower... (more story)

BCLP Says It Had No Obligation To Man's Family In Tax Fight

Global law firm Bryan Cave Leighton Paisner was under contract to represent only a family's patriarch and thus shouldn't be liable for taxes resulting from advising him to transfer £242 million ($307 million) ... (more story)