Pension Plans Seek Trader's Testimony In $2B Tax Fraud Suit
Pension plans and individuals who Denmark's government alleges received fraudulent refunds have asked a New York federal court to allow U.K. court testimony into the record from a trader who Danish authorities say masterminded a $2.1 billion tax fraud, saying it shows he deceived other participants.
Plea Deal May Be Best Strategy For SCOTUSBlog Publisher
Given the severity of the charges against SCOTUSblog publisher Tom Goldstein, an expert U.S. Supreme Court lawyer accused of paying gambling debts with funds from his law firm and dodging taxes, a plea deal is likely his best shot at avoiding decades of prison time, attorneys told Law360.
Detroit Public Schools Spar With State Over Tax Future
A Michigan state judge weighing whether Detroit's public schools can continue collecting a tax to pay down debt said Wednesday the schools' "greatest challenge" is to convince him that they would be irreparably harmed if the tax lapsed.
Pension Plans Seek Trader's Testimony In $2B Tax Fraud Suit
Pension plans and individuals who Denmark's government alleges received fraudulent refunds have asked a New York federal court to allow U.K. court testimony into the record from a trader who Danish authorities say masterminded a $2.1 billion tax fraud, saying it shows he deceived other participants.
Plea Deal May Be Best Strategy For SCOTUSBlog Publisher
Given the severity of the charges against SCOTUSblog publisher Tom Goldstein, an expert U.S. Supreme Court lawyer accused of paying gambling debts with funds from his law firm and dodging taxes, a plea deal is likely his best shot at avoiding decades of prison time, attorneys told Law360.
Detroit Public Schools Spar With State Over Tax Future
A Michigan state judge weighing whether Detroit's public schools can continue collecting a tax to pay down debt said Wednesday the schools' "greatest challenge" is to convince him that they would be irreparably harmed if the tax lapsed.
Federal More
An Ohio district court misrepresented healthcare fraud charges against a pharmaceutical salesman to a jury, his attorney argued Wednesday before the Sixth Circuit, calling for the court to overturn his 2023 co... (more story)
In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.
White & Case LLP announced Wednesday that it is expanding its global tax practice by bringing in a former McDermott Will & Emery partner to its Washington, D.C., office.
Mayer Brown LLP's bench of tax talent is so deep that it can help its clients sell the Chicago Cubs one day and buy $646 million of Brazilian solar farms on another. The firm's ability to offer tax transaction... (more story)
An attorney who belongs to the Minnesota Chippewa Tribe asked the U.S. Supreme Court to overturn a decision that said he owes taxes on self-employment income, saying no law expressly allows the federal taxatio... (more story)
The White House on Wednesday rescinded a directive freezing federal funding, saying it wants to end litigation and confusion, but said the move will not end a review of spending to ensure compliance with a ser... (more story)
An attorney for an ex-lobbyist standing trial on public corruption charges alongside former Illinois House Speaker Michael Madigan told jurors on Tuesday the government failed to establish that his client cons... (more story)
State & Local More
Philip Morris Owed $11M Refund After NC High Court Ruling
Philip Morris USA Inc. is owed a tax refund of more than $11 million following a state Supreme Court ruling clarifying North Carolina's $6 million cap on cigarette export tax credits, a state Business Court judge has said.
New City Near Atlanta Survives Ga. Justices' Review
Georgia's Supreme Court on Tuesday rejected a legal challenge to a newly created city outside Atlanta, turning back an argument from disgruntled residents that a referendum's simultaneous creation of a special... (more story)
Mo. High Court To Tackle Who Can Charge Local Pot Taxes
The Missouri Supreme Court said Tuesday it would review an appeals court ruling that barred a pair of counties from levying taxes on cannabis sales within municipalities that can charge their own taxes on the sales.
Minn. Tax Panel Advances 30-Day Nonresident Safe Harbor
Minnesota would allow a 30-day safe harbor against state income tax liability for some nonresidents who work in the state short term, under legislation advanced by the Senate Taxes Committee.
Tax Group Of The Year: Cravath
Cravath Swaine & Moore LLP helped secure high-profile mergers and acquisitions for major media and communications companies in 2024, having played key roles in Paramount's $28 billion merger agreement with Sky... (more story)
Md. Tells 4th Circ. Digital Tax Doesn't Defy 1st Amendment
Maryland's digital advertising tax doesn't violate the First Amendment, the state comptroller told the Fourth Circuit, urging it to affirm a court decision throwing out a challenge to the tax by the U.S. Chamb... (more story)
Netflix Urges Colo. Court To Reject Tax On Streaming Video
Netflix subscriptions are not tangible personal property that is subject to Colorado sales tax, the company told a state appeals court, urging it to uphold a district court decision.
Mentorship Resolutions For The New Year
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the m... (more story)
Taxation With Representation: Latham, Simpson Thacher
In this week's Taxation With Representation, a Brookfield private real estate fund acquires Divvy Homes' property portfolio and platform, Kantar Group proposes the sale of Kantar Media, and an Ares Management-... (more story)
Philip Morris USA Inc. is owed a tax refund of more than $11 million following a state Supreme Court ruling clarifying North Carolina's $6 million cap on cigarette export tax credits, a state Business Court judge has said.
Georgia's Supreme Court on Tuesday rejected a legal challenge to a newly created city outside Atlanta, turning back an argument from disgruntled residents that a referendum's simultaneous creation of a special... (more story)
The Missouri Supreme Court said Tuesday it would review an appeals court ruling that barred a pair of counties from levying taxes on cannabis sales within municipalities that can charge their own taxes on the sales.
Minnesota would allow a 30-day safe harbor against state income tax liability for some nonresidents who work in the state short term, under legislation advanced by the Senate Taxes Committee.
Cravath Swaine & Moore LLP helped secure high-profile mergers and acquisitions for major media and communications companies in 2024, having played key roles in Paramount's $28 billion merger agreement with Sky... (more story)
Maryland's digital advertising tax doesn't violate the First Amendment, the state comptroller told the Fourth Circuit, urging it to affirm a court decision throwing out a challenge to the tax by the U.S. Chamb... (more story)
Netflix subscriptions are not tangible personal property that is subject to Colorado sales tax, the company told a state appeals court, urging it to uphold a district court decision.
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the m... (more story)
In this week's Taxation With Representation, a Brookfield private real estate fund acquires Divvy Homes' property portfolio and platform, Kantar Group proposes the sale of Kantar Media, and an Ares Management-... (more story)
International More
Lawyers, Ex-Tax Inspector Took £278M From Trust, Court Rules
A London appeals court has upheld a High Court ruling that two solicitors and a former senior tax manager devised a scheme to cut out beneficiaries from Jersey trusts in what they saw as a "huge commercial opp... (more story)
France Probes Binance Over Money Laundering Breaches
France's public prosecutor on Tuesday opened a criminal investigation into crypto exchange Binance over suspected money laundering and terrorist financing breaches that authorities said may have enabled tax fr... (more story)
EU Authorities Smash €100M Money Laundering Scheme
A group of more than 20 individuals suspected of running a €100 million ($104 million) money laundering scheme in Europe has been arrested following a two-year investigation by law enforcement authorities in S... (more story)
Canadian Taxpayer Group Plans To Contest Capital Gains Hike
A Canadian taxpayers group said it plans to ask the nation's Federal Court to block a proposed increase in capital gains tax that is said has not been approved by the Canadian Parliament.
Tesla Takes EU To Court Over Electric Vehicle Tariffs
Tesla is taking the European Union to court over anti-subsidy tariffs the bloc has imposed on imports of electric vehicles from China, Europe's top court confirmed on its website Monday.
Mike Ashley Wins Data Request Battle With HMRC
HM Revenue and Customs wrongly withheld personal information from Mike Ashley after the founder of the Sports Direct chain issued a data request following the tax authority's demand for £13.6 million ($17 mill... (more story)
Tax Break Doesn't Apply To £1.3M Project, UK Court Affirms
Investors who sank £1.3 million ($1.6 million) into a children's cartoon show will not qualify for a special tax break because the investment failed to meet at least one of the program's qualifications, the U.... (more story)
A London appeals court has upheld a High Court ruling that two solicitors and a former senior tax manager devised a scheme to cut out beneficiaries from Jersey trusts in what they saw as a "huge commercial opp... (more story)
France's public prosecutor on Tuesday opened a criminal investigation into crypto exchange Binance over suspected money laundering and terrorist financing breaches that authorities said may have enabled tax fr... (more story)
A group of more than 20 individuals suspected of running a €100 million ($104 million) money laundering scheme in Europe has been arrested following a two-year investigation by law enforcement authorities in S... (more story)
A Canadian taxpayers group said it plans to ask the nation's Federal Court to block a proposed increase in capital gains tax that is said has not been approved by the Canadian Parliament.
Tesla is taking the European Union to court over anti-subsidy tariffs the bloc has imposed on imports of electric vehicles from China, Europe's top court confirmed on its website Monday.
HM Revenue and Customs wrongly withheld personal information from Mike Ashley after the founder of the Sports Direct chain issued a data request following the tax authority's demand for £13.6 million ($17 mill... (more story)
Investors who sank £1.3 million ($1.6 million) into a children's cartoon show will not qualify for a special tax break because the investment failed to meet at least one of the program's qualifications, the U.... (more story)