The Trump administration, the U.S. House of Representatives and 17 states embroiled in a legal battle over billions of dollars in Affordable Care Act subsidies have agreed to settle a dispute currently pending before the D.C. Circuit, according to an ...read more
A Pennsylvania federal judge on Friday temporarily blocked the Trump administration’s rules dialing back the Affordable Care Act’s contraception mandate through religious or moral exemptions for employers, saying the federal government failed ...read more
A former attorney for the Internal Revenue Service and onetime Debevoise & Plimpton LLP associate who “broke bad” admitted on Friday to conspiring to ship distribution levels of methamphetamine to Long Island, New York, from his apartment ...read more
Indicted former Trump campaign manager Paul Manafort will be let off of house arrest once he signs agreements to forfeit four properties allegedly worth over $11 million if he does not show up to court, among other conditions, a D.C. federal judge ruled ...read more
The Italian revenue agency Agenzia delle Entrate said on Friday it reached an agreement with Amazon.com Inc., in which the online retailer will settle allegations that it avoided paying taxes in the country. ...read more
Most tax professionals likely will remember 2017 as a year dominated by federal tax reform, but several hotly contested state and local tax disputes garnered their own degree of fame and fallout. ...read more
A partially split Ninth Circuit panel held Friday that an inventor's $7 million in patent royalties do not count as capital gains under federal tax law, upholding a U.S. Tax Court decision and rejecting his appeal. ...read more
Republicans unveiled details of the final version of their tax cut bill on Friday that would impose a 21 percent flat rate on corporations, set the maximum individual tax rate at 37 percent and largely adopt the Senate’s proposal for pass-through ...read more
The Chinese government is set to remove its export taxes on steel producers next year, state-run media reported on Friday, in a move that will likely further strain its already-fraught ties with critics of its steel policies such as the U.S., Europe and ...read more
Bartlit Beck was a wonderful place to work for 18 years, and the lawyers there are not only excellent attorneys but great people. All that said, and stating my biases up front, it is possible for me to look analytically at the Bartlit Beck fee model, ...read more
Jeremy Spector, whose tax practice at Covington & Burling LLP singularly and uniquely focuses on representing the sports industry, landed a spot among the five Law360 Tax MVPs of 2017 after he won a precedent-setting case for the Boston Bruins, advised ...read more
Luxembourg’s finance ministry said Friday that it had decided to appeal a state aid decision handed down by the European Union’s antitrust enforcer earlier this year that ordered the country to recover €250 million ($294 million) in corporate ...read more
A dispute between the General Services Administration and the owner of a Washington, D.C., commercial building over the government’s tax obligation for rented office space must go to trial, a U.S. Court of Federal Claims judge said Thursday. ...read more
In this week’s Taxation With Representation, Disney shelled out $52.4 billion for 21st Century Fox’s film and television studios, Unibail snapped up Westfield for $15.7 billion, and Corning bought most of 3M’s communication markets business ...read more
Republicans on Friday signed off on changes to their $1.5 trillion tax cut bill to settle differences between the House and Senate versions of the legislation, even as details of the final bill remain largely hidden. ...read more
The IRS on Friday released highly anticipated guidance on a new partnership tax audit regime to address, among other things, how tax adjustments should be taken into account by so-called tiered partnerships that have pass-through entities as partners ...read more
We tell jurors how important they are to the successful implementation of our judicial system, but oftentimes we don’t treat them with the reverence they deserve. U.S. District Judge Amos Mazzant III of the Eastern District of Texas, Lisa Blue of Baron ...read more
This year resulted in some major setbacks in court for the Internal Revenue Service and the U.S. Department of the Treasury, including rulings that set aside anti-inversion regulations for violating the administrative law and siding with a Greek company ...read more
The U.S. Tax Court on Thursday rejected the Internal Revenue Service’s decision to deny Coca-Cola nearly $139 million in Mexican foreign tax credits, finding that the beverage giant reasonably interpreted Mexican law when calculating the royalty ...read more
A $45 million tax credit for insurance companies and financial institutions to invest in “rural and high-growth industry funds” is heading to the desk of Ohio Republican Gov. John Kasich after he vetoed a similar provision earlier this year ...read more
By Liz Cha and Todd Lard
The Tennessee Department of Revenue issued a letter ruling finding that a taxpayer’s annual subscription charge for its cloud-based employee scheduling services is subject to Tennessee sales and use tax.
In Tennessee, the use of computer software is subject to tax, even if it remains in the possession of the dealer or a third party. If a transaction involves taxable and non-taxable components, the entire transaction is subject to sales tax if the true object of the transaction is a crucial, essential, necessary, consequential or integral element of the transaction.
The taxpayer provides software and services that allows its customers to manage employee schedules remotely over the Internet through personal computers and handheld devices on a website or application. The taxpayer retains the scheduling software, and users in Tennessee access it remotely.
The Department determined that the true object of the transaction is the remotely accessed software, not the non-taxable services provided by the taxpayer, because without the software, the taxpayer’s services would be of no value to the subscribers. Thus, the cloud-based employee scheduling services are subject to Tennessee sales tax. Tenn. Dept. of Rev., Letter Ruling No. 17-15 (10/11/17).
A pair of Chicago neighborhood advocacy organizations sued the Cook County assessor in Illinois state court Thursday in the wake of reports that the county’s property tax policy has overcharged lower-income residents while handing the richest residents ...read more
The number of tax identity theft cases fell by more than one-third in fiscal 2017 compared with the previous year, but investigations of tax abuse schemes rose, according to a report released Thursday by the arm of the IRS in charge of investigating tax ...read more
The European Union’s top court on Thursday dealt a blow to Avon in its £14 million ($18.7 million) refund suit against the U.K. over alleged value added tax overpayments, rejecting the cosmetic company’s argument that the government’s ...read more
Sen. Ron Johnson, R-Wis., who negotiated a key provision for pass-through businesses in the final version of the Senate’s $1.4 trillion tax cut bill, on Thursday endorsed a further change that is being floated to give such businesses a 20 percent ...read more