NY Telework Tax Applies To Conn. Tax Professor, ALJ Rules
Justices Wary Of Repatriation Tax Review Consequences
ECJ Tosses Finding That Luxembourg Gave Engie Illegal Aid
NY Telework Tax Applies To Conn. Tax Professor, ALJ Rules
A tax professor who lives in Connecticut but teaches in New York falls under the jurisdiction of New York's policy of taxing nonresidents and is not entitled to a refund for days worked at home, including during the COVID-19 pandemic, according to a determination obtained Tuesday by Law360.
Justices Wary Of Repatriation Tax Review Consequences
U.S. Supreme Court justices questioned a Washington couple's counsel about their challenge to the one-time repatriation tax during oral arguments Tuesday, with some suggesting that a ruling in the couple's favor would upend other parts of the federal tax code.
ECJ Tosses Finding That Luxembourg Gave Engie Illegal Aid
The European Union's highest court annulled on Tuesday a 2018 decision by the European Commission finding that Luxembourg gave illegal state aid to French energy company Engie via tax rulings.
Federal More
A Florida real estate broker and member of Donald Trump's Mar-a-Lago club took the stand Tuesday in New York state court to defend the former president's valuation of the property, saying it was worth more tha... (more story)
A Georgia federal judge gave preliminary approval Tuesday to a $5.1 million class action settlement between Geico and its policyholders over allegations the insurer undercompensated owners of totaled vehicles ... (more story)
The owner of a media brokerage firm who admitted to hiding $19.5 million in personal income and receipts from the IRS should spend two years in jail, federal prosecutors told a Maryland federal court Tuesday, ... (more story)
Recent large sales of clean energy production tax credits reflect an environment in which the Inflation Reduction Act's provisions for monetizing such credits via direct transfer — bypassing slow, costly tax e... (more story)
To truly foster equity in the legal profession and to promote attorney retention, workplaces need to better support all parents, regardless of gender — starting by offering equal and robust parental leave to b... (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 40.
Former President Donald Trump on Monday sought to have New York's highest court review his appeal of the reinstatement of gag orders in the civil fraud trial over the state's claims that he defrauded banks and... (more story)
State & Local More
Pa. Justices Won't Review Hospitals' Denied Tax Exemptions
The Supreme Court of Pennsylvania won't review a lower court's finding that a trio of hospitals in Chester County paid too much in "management fees" and executive salaries to be considered tax-exempt nonprofit... (more story)
GOP Effort To Rewrite Ohio Pot Legalization Spurs Backlash
Cannabis reformers and hemp industry advocates on Monday sounded the alarm about a Republican-led proposal to substantively rewrite Ohio's voter-approved marijuana legalization law just days before it is due to take effect.
'Manufacturing' Amid Mass. Adoption Of Single-Sales Factor
Massachusetts’ recent adoption of single-sales-factor apportionment will benefit companies that have a greater in-state physical presence, reinforce the importance of understanding market-sourcing rules, and ... (more story)
Tax Sale Foreclosure Violates Takings Clause, NJ Panel Says
A New Jersey state appeals court said Monday that a landowner should be able to keep his property after nearly losing it in a tax sale foreclosure, citing the U.S. Supreme Court's ruling in a takings case earlier this year.
Miss. Justices Say County Has Authority Over Tax Exemption
A Mississippi warehouse operator must pay tax on its in-transit property as the state high court said the county government had authority to deny the exemption, but the company is not on the hook for $2.5 mill... (more story)
COVERAGE RECAP: Day 39 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 39.
Justices Call O'Connor 'American Hero,' 'Perfect Trailblazer'
Following news of retired U.S. Supreme Court Justice Sandra Day O'Connor's death at the age of 93, current and former high court justices paid public homage to her trailblazing career, devotion to the rule of ... (more story)
Up Next At High Court: Purdue Pharma, Taxes & Job Transfers
The U.S. Supreme Court returns Monday for the last argument session of the calendar year to consider whether bankruptcy courts have the authority to sign off on third-party liability releases in Chapter 11 pla... (more story)
Mich. Audit Doesn't Pause Clock For Unitary Biz's Refund Bid
The Michigan Department of Treasury's audit of two companies that were later included in a unitary business group didn't extend the statutory time limit for the entire group to request a refund, a state appeal... (more story)
The Supreme Court of Pennsylvania won't review a lower court's finding that a trio of hospitals in Chester County paid too much in "management fees" and executive salaries to be considered tax-exempt nonprofit... (more story)
Cannabis reformers and hemp industry advocates on Monday sounded the alarm about a Republican-led proposal to substantively rewrite Ohio's voter-approved marijuana legalization law just days before it is due to take effect.
Massachusetts’ recent adoption of single-sales-factor apportionment will benefit companies that have a greater in-state physical presence, reinforce the importance of understanding market-sourcing rules, and ... (more story)
A New Jersey state appeals court said Monday that a landowner should be able to keep his property after nearly losing it in a tax sale foreclosure, citing the U.S. Supreme Court's ruling in a takings case earlier this year.
A Mississippi warehouse operator must pay tax on its in-transit property as the state high court said the county government had authority to deny the exemption, but the company is not on the hook for $2.5 mill... (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 39.
Following news of retired U.S. Supreme Court Justice Sandra Day O'Connor's death at the age of 93, current and former high court justices paid public homage to her trailblazing career, devotion to the rule of ... (more story)
The U.S. Supreme Court returns Monday for the last argument session of the calendar year to consider whether bankruptcy courts have the authority to sign off on third-party liability releases in Chapter 11 pla... (more story)
The Michigan Department of Treasury's audit of two companies that were later included in a unitary business group didn't extend the statutory time limit for the entire group to request a refund, a state appeal... (more story)
International More
A&O Says Nationwide's Negligence Led To £75M Tax Bill
Allen & Overy LLP has denied owing Nationwide Building Society £75 million ($94 million) in tax liability for failing to submit applications to list notes on the London Stock Exchange, saying that the loss was... (more story)
UAE Extradites British Trader To Denmark In Tax Fraud Case
Sanjay Shah has been extradited from the United Arab Emirates to Denmark, where the British hedge fund trader is wanted by Danish authorities for allegedly masterminding a £1.44 billion ($1.8 billion) tax frau... (more story)
EY Closing Legal Services Business Riverview Law
EY is shuttering EY Riverview Law, an alternative legal services business it acquired more than five years ago, the Big Four accounting firm confirmed to Law360 on Tuesday.
11th Circ. Upholds Summonses For Peruvians' US Bank Docs
The Eleventh Circuit upheld IRS summonses for the U.S. bank records of Peruvian siblings who claimed that a history of corruption in their government should have stopped the IRS from cooperating with it, sayin... (more story)
EY Appoints New UK And Ireland Managing Partner For Tax
EY named a new U.K. and Ireland managing partner for tax and law after appointing the attorney who was formerly in that role as the firm's global head of law, according to a news statement.
Chinese Co. Investors Ink $4.5M Deal In IPO Disclosures Suit
A group of investors suing Chinese analytics startup Gridsum Holding Inc. has asked a New York federal judge to preliminarily approve a $4.5 million deal to settle claims that it made misrepresentations ahead ... (more story)
BT's £65M Tax Refund Case Slashed Over Late Debt Claim
An appeals court has thrown out most of BT's claim seeking a £65 million ($82 million) refund of allegedly overpaid tax from HM Revenue and Customs, finding on Monday that the telecommunications giant had fail... (more story)
Allen & Overy LLP has denied owing Nationwide Building Society £75 million ($94 million) in tax liability for failing to submit applications to list notes on the London Stock Exchange, saying that the loss was... (more story)
Sanjay Shah has been extradited from the United Arab Emirates to Denmark, where the British hedge fund trader is wanted by Danish authorities for allegedly masterminding a £1.44 billion ($1.8 billion) tax frau... (more story)
EY is shuttering EY Riverview Law, an alternative legal services business it acquired more than five years ago, the Big Four accounting firm confirmed to Law360 on Tuesday.
The Eleventh Circuit upheld IRS summonses for the U.S. bank records of Peruvian siblings who claimed that a history of corruption in their government should have stopped the IRS from cooperating with it, sayin... (more story)
EY named a new U.K. and Ireland managing partner for tax and law after appointing the attorney who was formerly in that role as the firm's global head of law, according to a news statement.
A group of investors suing Chinese analytics startup Gridsum Holding Inc. has asked a New York federal judge to preliminarily approve a $4.5 million deal to settle claims that it made misrepresentations ahead ... (more story)
An appeals court has thrown out most of BT's claim seeking a £65 million ($82 million) refund of allegedly overpaid tax from HM Revenue and Customs, finding on Monday that the telecommunications giant had fail... (more story)