Timing May Be Tight For OECD's Crypto Reporting Framework
Mich. Justices Deny US Steel Hearing On Tax Refund Interest
Alternative Apportionment Issues Linger After Justices' Punt
Timing May Be Tight For OECD's Crypto Reporting Framework
The 48 jurisdictions including the U.S. that intend to implement the OECD's cryptocurrency information exchange framework by 2027 will have to work quickly to meet that deadline given the time needed to enact domestic legislation and regulations to put the framework in place.
Mich. Justices Deny US Steel Hearing On Tax Refund Interest
Michigan's high court said Tuesday that it won't consider an appeal by U.S. Steel on its claim for two years of interest on a state tax refund, letting stand an appeals court opinion on when the interest started accruing.
Alternative Apportionment Issues Linger After Justices' Punt
The U.S. Supreme Court's declining to hear an energy company's claims that Michigan unconstitutionally taxed gain generated from the sale of an out-of-state business highlights open questions about when alternative apportionment should be used to tax income from multistate entities.
Federal More
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Follow along here.
Jurors tasked with determining whether former Chicago Alderman Ed Burke abused his considerable power heard on Tuesday the first secret recordings made by a key government cooperator, in which Burke urges the ... (more story)
The government asked a New York federal judge this week to allow a former real estate attorney, who admitted to participating in a money laundering scheme to help a Russian oligarch evade U.S. sanctions, to re... (more story)
Check out the Law360 Pulse Leaderboard to see which first-in-class firms made the list this year.
When considering how to allocate departing retirement plan participants’ forfeitures, sponsors should consider recently filed lawsuits that allege Employee Retirement Income Security Act violations for using s... (more story)
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from Day 35.
Six groups, including the Ohio Chamber of Commerce and several former state supreme court judges, filed friend-of-the-court briefs on Monday urging the U.S. Supreme Court to overturn a decades-old legal doctri... (more story)
State & Local More
Trump Downplays NY Judge's Safety Risk After Threats
Donald Trump's lawyers on Monday said safety concerns don't justify a New York state judge's gag orders against the former president in the state attorney general's civil fraud trial, arguing that threats made... (more story)
COVERAGE RECAP: Day 34 Of Trump's NY Civil Fraud Trial
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from day 34:
Minn. Justices OK Tax On Goodwill Income From Stock Sale
Minnesota's revenue commissioner was right to treat income derived from the goodwill generated by the sale of company stock as apportionable business income, the state Supreme Court ruled Wednesday, despite co... (more story)
The Case For Post-Bar Clerk Training Programs At Law Firms
In today's competitive legal hiring market, an intentionally designed training program for law school graduates awaiting bar admission can be an effective way of creating a pipeline of qualified candidates, sa... (more story)
Trump's Posts Linked To Threats Against NY Judge, Clerk
Social media posts by Donald Trump have led to an ongoing deluge of death threats and antisemitic slurs against a law clerk and the New York judge overseeing the ex-president's civil fraud trial, a court secur... (more story)
Ohio Voters Legalize Cannabis — What Comes Next?
This month, voters approved a citizen-initiated statute that legalizes marijuana for recreational use in Ohio, but the legalization timeline could undergo significant changes at the behest of the state's lawma... (more story)
Would Ending Chevron Deference Really Make Waves?
Experts say federal agencies and courts have drifted away from relying on Chevron deference in recent years, following the lead of U.S. Supreme Court justices who have criticized it, but the doctrine hasn't be... (more story)
Ex-Trump Org Exec Says He 'Gave Up' Amid Fraud Probes
A former Trump Organization executive testified in the former president's New York civil fraud trial Tuesday that he had to leave his position after getting caught up in the government investigations swirling ... (more story)
NC Tax Unconstitutional, Philip Morris Tells State Justices
North Carolina violated the dormant commerce clause of the U.S. Constitution when it disallowed Philip Morris' deduction of loans made to out-of-state affiliates, the tobacco giant told the state's highest court.
Donald Trump's lawyers on Monday said safety concerns don't justify a New York state judge's gag orders against the former president in the state attorney general's civil fraud trial, arguing that threats made... (more story)
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from day 34:
Minnesota's revenue commissioner was right to treat income derived from the goodwill generated by the sale of company stock as apportionable business income, the state Supreme Court ruled Wednesday, despite co... (more story)
In today's competitive legal hiring market, an intentionally designed training program for law school graduates awaiting bar admission can be an effective way of creating a pipeline of qualified candidates, sa... (more story)
Social media posts by Donald Trump have led to an ongoing deluge of death threats and antisemitic slurs against a law clerk and the New York judge overseeing the ex-president's civil fraud trial, a court secur... (more story)
This month, voters approved a citizen-initiated statute that legalizes marijuana for recreational use in Ohio, but the legalization timeline could undergo significant changes at the behest of the state's lawma... (more story)
Experts say federal agencies and courts have drifted away from relying on Chevron deference in recent years, following the lead of U.S. Supreme Court justices who have criticized it, but the doctrine hasn't be... (more story)
A former Trump Organization executive testified in the former president's New York civil fraud trial Tuesday that he had to leave his position after getting caught up in the government investigations swirling ... (more story)
North Carolina violated the dormant commerce clause of the U.S. Constitution when it disallowed Philip Morris' deduction of loans made to out-of-state affiliates, the tobacco giant told the state's highest court.
International More
Canadian Gov't Moves Forward With Digital Tax Proposal
The Canadian government introduced legislation Tuesday to implement its controversial digital services tax that would target the revenue of large tech companies, with a proposed effective date that remains unspecified.
HMRC Staffer Loses Claim Over Work-From-Home Request
A tribunal has tossed an HM Revenue & Customs staffer's claim that the tax authority unfairly rejected her bid to work remotely to look after her ill husband because her request focused on the wrong employment protections.
EU Withholding Measure Is Not On Agenda Of Dec. 8 Meeting
A measure that would simplify the way withholding tax refunds are issued in European Union member countries while also helping national authorities detect fraud won't be discussed at a coming EU finance minist... (more story)
UK's Digital Tax Rollout Will Burden Taxpayers, MPs Warn
HM Revenue and Customs has lost sight of making tax simpler as part of its project to digitalize tax self-assessment, members of a parliamentary committee warned in a report published Friday.
UK Gov't Seeks Powers To Combat Tax Avoidance Schemes
The U.K. government wants to make the unauthorized promotion of tax avoidance schemes a criminal offense under plans to give HM Revenue and Customs new powers to crack down on aggressive practices.
Majority Voting On Tax Dropped From EU Parliament Bill
A passage that would have called for a form of super majority voting on tax in the European Union has been dropped from a proposal calling for changes to EU treaty law, the final text of the bill shows.
UN To Begin Drafting Framework For Global Tax Convention
World governments will begin to develop a framework for a global tax convention at the United Nations, where about two-thirds of the member states voted Wednesday in favor of an African-led resolution that was... (more story)
The Canadian government introduced legislation Tuesday to implement its controversial digital services tax that would target the revenue of large tech companies, with a proposed effective date that remains unspecified.
A tribunal has tossed an HM Revenue & Customs staffer's claim that the tax authority unfairly rejected her bid to work remotely to look after her ill husband because her request focused on the wrong employment protections.
A measure that would simplify the way withholding tax refunds are issued in European Union member countries while also helping national authorities detect fraud won't be discussed at a coming EU finance minist... (more story)
HM Revenue and Customs has lost sight of making tax simpler as part of its project to digitalize tax self-assessment, members of a parliamentary committee warned in a report published Friday.
The U.K. government wants to make the unauthorized promotion of tax avoidance schemes a criminal offense under plans to give HM Revenue and Customs new powers to crack down on aggressive practices.
A passage that would have called for a form of super majority voting on tax in the European Union has been dropped from a proposal calling for changes to EU treaty law, the final text of the bill shows.
World governments will begin to develop a framework for a global tax convention at the United Nations, where about two-thirds of the member states voted Wednesday in favor of an African-led resolution that was... (more story)