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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)

3 Defenses The IRS Can Fall Back On After Chevron's Demise

The U.S. Supreme Court's decision to eliminate federal agencies' ability to rely on the 40-year-old Chevron doctri... (more story)

Top NC Legal Industry Legislation Of 2024: A Midyear Report

North Carolina lawmakers have instituted a streamlined process for state business court filings and are eying cont... (more story)

Federal More

Truck Co. Qualifies For $500M Tax Safe Harbor, 6th Circ. Told

A Tennessee company asked the Sixth Circuit to shield it from more than $500 million in excise tax liabilities, saying a lower court correctly found that its refurbished trucks qualify for the safe harbor from... (more story)

Rising Star: Davis Polk's Dominic Foulkes

Dominic Foulkes of Davis Polk & Wardwell LLP has advised companies on several multibillion-dollar transactions, including a technology-maker's $4.9 billion initial public offering, the largest in the United St... (more story)

Rising Star: Quinn Emanuel's Emily Au

Emily Au of Quinn Emanuel Urquhart & Sullivan LLP has been the lead attorney on several high-profile cases, including a key case across the U.K. construction industry in terms of HMRC's Value-Added Tax policy,... (more story)

Law360 Names 2024's Top Attorneys Under 40

Law360 is pleased to announce the Rising Stars of 2024, our list of 158 attorneys under 40 whose legal accomplishments belie their age.

Chevron's End Doesn't Bear On 3M's Case, IRS Tells 8th Circ.

The U.S. Supreme Court's recent overturning of Chevron deference doesn't warrant a reversal of a U.S. Tax Court ruling in 3M Co.'s transfer pricing case, the Internal Revenue Service told the Eighth Circuit on Friday.

Mo. Says IRS 'Stonewalling' On Worker Credit Freeze Records

The Internal Revenue Service violated public records law in failing to release documents related to its decision to stop processing new employee retention credit claims, the state of Missouri said Friday in a ... (more story)

Taxation With Representation: Ropes & Gray, Cravath, Latham

In this Week's Taxation with Representation, Paramount Global merges with Skydance Media, Devon Energy acquires Grayson Mill Energy's Williston Basin oil and gas business, Ryan acquires Altus Group Ltd.'s prop... (more story)

State & Local More

Conn. Justices Say Town Can Tax Hospital's Property

Personal property of a Connecticut hospital owned by Hartford HealthCare is taxable, the state Supreme Court said Friday, reversing a trial court opinion and ruling that Hartford's acquisition of the hospital ... (more story)

DC To Offer 15-Year Tax Freeze For Office Conversion Projects

Washington, D.C., plans to offer a 15-year property tax freeze for projects that aim to reposition an office building for a different commercial use, building on the city's larger effort to enliven its downtow... (more story)

Another Crack In The Shield: SALT In Review

From the latest assault on a federal shield against taxing out-of-state businesses to an update on beer taxes, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

Fire Fee Reversal Risks 'Chaos' For Cities, Detroit Says

The city of Detroit urged Michigan Supreme Court justices to leave in place a decision that said its fire inspection fees are not a disguised unlawful tax because reversing it could send municipalities into "c... (more story)

Accounting Firm Contests Blame For Client's $2M Tax Bill

An accounting firm maintains it had no duty to inform an online flower bulb retailer about a major change in tax law stemming from the U.S. Supreme Court's 2018 Wayfair decision, telling the North Carolina Bus... (more story)

States Should Loosen Law Firm Ownership Restrictions

Despite growing buzz, normalized nonlawyer ownership of law firms is a distant prospect, so the legal community should focus first on liberalizing state restrictions on attorney and firm purchases of practices... (more story)

'Bridgegate' Defense Offers Road Map For NJ RICO Case

Counsel for the powerful New Jersey mogul and Democratic operatives facing explosive racketeering charges are likely to justify their actions as just business, experts told Law360, describing defense tactics s... (more story)

Mich. Asks Appeals Court To Rethink Nationwide's Tax Win

Michigan insurance companies that are part of Nationwide are required to file taxes as individual entities and not as a unitary group, Michigan's tax department said, asking the state Court of Appeals to recon... (more story)

NJ Panel Says Tax Amendment Challenge Had No Real Claim

A New Jersey state appeals court on Wednesday tossed a challenge to an amendment blocking certain appeals from being litigated in the state's tax court, reasoning that parties can still fight tax matters in trial court.

International More

Alvarez & Marsal Appoints Managing Director Of Tax Group

Alvarez & Marsal Tax LLC appointed an experienced negotiator of tax incentives as managing director to the firm's corporate transformation tax group, the firm announced.

IRS Proposes 'Basket Contracts' As Listed Transactions

The Internal Revenue Service proposed rules Thursday that would flag so-called basket option contracts as potentially abusive listed transactions, imposing additional reporting requirements under the threat of... (more story)

IRS, OECD Officials Detail Expansion Of AI In Tax Work

The Internal Revenue Service and Organization for Economic Cooperation and Development are making great progress in adopting artificial intelligence in tax administration, representatives of both organizations said Thursday.

Biz Officials Call For Simpler Tax Rules In Light Of Pillar 2

Business representatives said Thursday that tax compliance rules need to be simplified as new minimum tax rules, known as Pillar Two, are added to the existing regime.

Engineer Who Faced Export Charges Cops To Tax Counts

A Chinese-born engineer has pled guilty to two counts of filing a false tax return related to allegations that he and his wife omitted gross income from their tax returns between 2015 and 2019, after Texas fed... (more story)

Portugal Enacts Pillar 2 As Part Of Economic, Tax Package

Portugal's Council of Ministers approved the minimum tax provision known as Pillar Two in a package of economic and tax measures designed to boost the country's economic growth, the council announced.

HMRC, CPS Beat Financier's Claim Over Botched Prosecution

HM Revenue and Customs and the Crown Prosecution Service have beaten claims of malicious prosecution and misfeasance in public office by a corporate financier following a failed criminal fraud case, with a jud... (more story)