Trump Backs Off Tariffs Over Greenland With Deal In Works
President Donald Trump announced Wednesday he will back down from tariff threats on European countries in an effort to acquire Greenland after reaching an agreement on a framework for a deal involving U.S. security interests in the Arctic region.
Massachusetts Owes Developer $15M Tax Credit, Court Rules
Massachusetts' Department of Revenue owes a Boston Seaport developer a $15.3 million brownfields tax credit, a state judge said, finding that the tax agency was not entitled to second-guess the extent and cost of environmental remediation at the site to justify a smaller amount.
Boston Consulting Loses UK Tax Fight Over Partner Pay
Payments to partners made by the U.K. arm of Boston Consulting Group are taxable under rules aimed at preventing avoidance since profit shares were routed through a corporate group and carelessness by the firm caused a loss of tax, a London court ruled Tuesday.
Trump Backs Off Tariffs Over Greenland With Deal In Works
President Donald Trump announced Wednesday he will back down from tariff threats on European countries in an effort to acquire Greenland after reaching an agreement on a framework for a deal involving U.S. security interests in the Arctic region.
Massachusetts Owes Developer $15M Tax Credit, Court Rules
Massachusetts' Department of Revenue owes a Boston Seaport developer a $15.3 million brownfields tax credit, a state judge said, finding that the tax agency was not entitled to second-guess the extent and cost of environmental remediation at the site to justify a smaller amount.
Boston Consulting Loses UK Tax Fight Over Partner Pay
Payments to partners made by the U.K. arm of Boston Consulting Group are taxable under rules aimed at preventing avoidance since profit shares were routed through a corporate group and carelessness by the firm caused a loss of tax, a London court ruled Tuesday.
Federal More
A hospital forced to suspend its normal business as it responded to the COVID-19 pandemic isn't entitled to an $11.5 million tax refund for employee retention credits and its lawsuit should be thrown out, the ... (more story)
A Third Circuit panel appeared skeptical Wednesday of a woman's bid to reduce her prison term for tax violations connected to her family's mushroom farm, with judges suggesting that different swaths of taxes s... (more story)
A think tank and a legal center threw their support Wednesday behind a group of taxpayers asking the U.S. Supreme Court to find that the IRS violated their rights to a jury trial when it slapped them with more... (more story)
Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confro... (more story)
A former office manager at Thomas Goldstein's law firm Tuesday told the jury in his tax fraud trial in Maryland federal court that hundreds of thousands of dollars in wire transfers sent to the U.S. Supreme Co... (more story)
Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11... (more story)
The U.S. Department of the Treasury is racing to open a new retirement savings program for children known as Trump Accounts by early July, and officials are warning that the effort will require a massive under... (more story)
State & Local More
IRS Can't Probe Partner-Tier Employment Taxes, 1st Circ. Told
The IRS is not authorized to scrutinize a partner's taxable net earnings at the business-entity level under a 1982 law governing partnership audits, an energy investment firm told the First Circuit, challengin... (more story)
Kim Kardashian's Skims Settles NJ Consumer Fraud Suit
Skims Body Inc. will pay a $200,000 civil penalty and continue refunding New Jersey shoppers after improperly collecting sales tax on clothing that should have been tax exempt for nearly five years, Attorney G... (more story)
Navigating Privilege Law Patchwork In Dual-Purpose Comms
Three years after the U.S. Supreme Court declined to resolve a circuit split in In re: Grand Jury, federal courts remain split as to when attorney-client privilege applies to dual-purpose legal and business co... (more story)
Ariz. Gov. Vetoes GOP's $1.4B Conformity, Tax Cut Plan
Arizona Gov. Katie Hobbs vetoed a Republican-backed $1.4 billion tax cut package that would have largely conformed the state with federal tax changes, including corporate tax break extensions, while legislativ... (more story)
Law360 Names Practice Groups Of The Year
Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2025, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughou... (more story)
Arby's Franchisee Sale Met Taxability Test, Ark. Justices Told
An Oklahoma-based company that was once the largest Arby's franchisee owes Arkansas income tax on the sale of its business, the Arkansas tax department told the state's Supreme Court, saying the property sold ... (more story)
Minn. Tax Court Wrong To Cut Hilton Value, State Justices Told
The valuation of a Hilton hotel and convention center in Minneapolis was wrongly slashed by the state's tax court, including by $70 million in one year, a county told the Minnesota Supreme Court.
The IRS is not authorized to scrutinize a partner's taxable net earnings at the business-entity level under a 1982 law governing partnership audits, an energy investment firm told the First Circuit, challengin... (more story)
Skims Body Inc. will pay a $200,000 civil penalty and continue refunding New Jersey shoppers after improperly collecting sales tax on clothing that should have been tax exempt for nearly five years, Attorney G... (more story)
Three years after the U.S. Supreme Court declined to resolve a circuit split in In re: Grand Jury, federal courts remain split as to when attorney-client privilege applies to dual-purpose legal and business co... (more story)
Arizona Gov. Katie Hobbs vetoed a Republican-backed $1.4 billion tax cut package that would have largely conformed the state with federal tax changes, including corporate tax break extensions, while legislativ... (more story)
Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2025, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughou... (more story)
An Oklahoma-based company that was once the largest Arby's franchisee owes Arkansas income tax on the sale of its business, the Arkansas tax department told the state's Supreme Court, saying the property sold ... (more story)
The valuation of a Hilton hotel and convention center in Minneapolis was wrongly slashed by the state's tax court, including by $70 million in one year, a county told the Minnesota Supreme Court.
International More
Nomura Says Fund's $49M Claim Is 'Misconceived'
Two securities trading arms of Nomura Group have denied causing an investment fund to lose more than $43 million by selling the fund's shares and overcharging it almost $6.8 million in connection with capital gains tax.
ECJ Backs VAT Exemption For Spanish Cleaning Co-Ops
Spain can't automatically bar cleaning cooperatives from receiving a value-added tax exemption for services provided to educational and healthcare institutions, the European Union's top court ruled Thursday.
EU Lawmakers Refer South America Trade Deal To ECJ
The European Parliament narrowly voted Wednesday to refer the European Union's pending trade deal with four South American countries to the European Court of Justice, delaying a vote on ratifying the pact.
Starmer Says UK Won't Yield On Trump Greenland Tariffs
British Prime Minister Keir Starmer said Wednesday that he will not yield to President Donald Trump's threats to impose tariffs on the U.K. and several European Union countries if they don't negotiate a sale o... (more story)
Court Backs HMRC Over Healthcare Co.'s Late VAT Appeal
A private healthcare company has to meet strict conditions to appeal HM Revenue & Customs' value-added-tax assessments and a penalty of over £1 million ($1.3 million) after filing its appeal late, a London court ruled.
Tribunal Dismisses HMRC Race Claims After 4-Year Delay
A tribunal has thrown out two claims of race discrimination in the workplace from an HM Revenue and Customs worker, concluding that there was no convincing reason for the allegations being advanced more than four years late.
Starmer Says No Retaliation To Trump's Greenland Tariffs
The U.K. wants to avoid retaliatory measures to U.S. tariffs over Greenland, Prime Minister Keir Starmer told a news conference Monday following President Donald Trump's weekend threat to impose 10% tariffs on... (more story)
Two securities trading arms of Nomura Group have denied causing an investment fund to lose more than $43 million by selling the fund's shares and overcharging it almost $6.8 million in connection with capital gains tax.
Spain can't automatically bar cleaning cooperatives from receiving a value-added tax exemption for services provided to educational and healthcare institutions, the European Union's top court ruled Thursday.
The European Parliament narrowly voted Wednesday to refer the European Union's pending trade deal with four South American countries to the European Court of Justice, delaying a vote on ratifying the pact.
British Prime Minister Keir Starmer said Wednesday that he will not yield to President Donald Trump's threats to impose tariffs on the U.K. and several European Union countries if they don't negotiate a sale o... (more story)
A private healthcare company has to meet strict conditions to appeal HM Revenue & Customs' value-added-tax assessments and a penalty of over £1 million ($1.3 million) after filing its appeal late, a London court ruled.
A tribunal has thrown out two claims of race discrimination in the workplace from an HM Revenue and Customs worker, concluding that there was no convincing reason for the allegations being advanced more than four years late.
The U.K. wants to avoid retaliatory measures to U.S. tariffs over Greenland, Prime Minister Keir Starmer told a news conference Monday following President Donald Trump's weekend threat to impose 10% tariffs on... (more story)