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Ill. Lawmakers OK Targeted Ad Tax, Social Media Platform Fee
Illinois would tax digital advertising, social media platforms, cryptocurrency, prediction markets and more under a nearly $56 billion budget on the desk of Democratic Gov. JB Pritzker.
Tax Atty's AI Tools Help Firm Tackle IRS Debt, COVID Refunds
A tax controversy attorney has developed platforms using artificial intelligence to help clients sort through Internal Revenue Service collection options and obtain pandemic-related refunds that she says has helped her firm make routine IRS guidance more affordable while preserving lawyers for the cases that demand deeper expertise. Alyssa Maloof Whatley spoke to Law360 about why she created the tools and the challenges that come with integrating AI with taxpayer information.
EU Parliament Trade Committee Advances US Trade Deal
With a July 4 deadline set by President Donald Trump looming, the European Union moved one step closer to implementing its trade deal cutting tariffs — though with added guardrails — as a Parliament committee voted Tuesday to advance the legislation.
Ill. Lawmakers OK Targeted Ad Tax, Social Media Platform Fee
Illinois would tax digital advertising, social media platforms, cryptocurrency, prediction markets and more under a nearly $56 billion budget on the desk of Democratic Gov. JB Pritzker.
Tax Atty's AI Tools Help Firm Tackle IRS Debt, COVID Refunds
A tax controversy attorney has developed platforms using artificial intelligence to help clients sort through Internal Revenue Service collection options and obtain pandemic-related refunds that she says has helped her firm make routine IRS guidance more affordable while preserving lawyers for the cases that demand deeper expertise. Alyssa Maloof Whatley spoke to Law360 about why she created the tools and the challenges that come with integrating AI with taxpayer information.
EU Parliament Trade Committee Advances US Trade Deal
With a July 4 deadline set by President Donald Trump looming, the European Union moved one step closer to implementing its trade deal cutting tariffs — though with added guardrails — as a Parliament committee voted Tuesday to advance the legislation.
Federal More
Sixty economies are facing added tariffs of either 10% or 12.5% on their exports to the U.S. following investigations by the U.S. Trade Representative's Office into countries' protections against the importing... (more story)
A Texan who led an $8.5 million tax scheme involving trusts was sentenced to more than seven years in prison, making him the last defendant to be sentenced in a family-run operation, according to the U.S. Depa... (more story)
The Office of the U.S. Trade Representative announced what it is calling a government-to-government mechanism that will manage bilateral trade between the U.S. and China, including by considering tariff cuts, ... (more story)
A group of seven House Democrats is pressing the Internal Revenue Service and the U.S. Department of the Treasury to issue tax guidance for state-licensed medical cannabis businesses, warning that delay could ... (more story)
The U.S. Supreme Court should weigh in on whether the IRS violated several taxpayers' rights to jury trials when it imposed $30 million in tax fraud-related penalties, the taxpayers said, arguing that a circui... (more story)
A former manager of the Kansas City Royals and his wife are liable for tax deficiencies and a 40% penalty after claiming a significantly inflated value for land in Meriwether County, Georgia, that they donated... (more story)
A woman urged the U.S. Supreme Court on Tuesday to reconcile the appellate courts' split over the period to assess taxes against a taxpayer in cases when a third party commits fraud, saying the IRS even admitt... (more story)
State & Local More
Ex-NRA Chief LaPierre Loses Appeal Of $4.4M Fine, Ban
A New York state appellate panel upheld a Manhattan jury verdict against former National Rifle Association chief Wayne LaPierre for alleged misconduct, including $4.4 million in monetary damages and a ban on h... (more story)
'Tax 1st, Plan 2nd' School Funding Fee Unlawful, Panel Told
Counsel for two certified classes of residents and homeowners told a North Carolina state appeals court Tuesday that they should be handed a new jury trial, as a county neglected state statute when it extracte... (more story)
Mo. Appeals Court Fast-Tracks Tax Phaseout Plan Challenges
A Missouri appeals court said it will quickly hear arguments on a ballot measure slated for August to phase out Missouri's income tax in favor of broader sales taxes following a circuit court's rejection of ch... (more story)
2 'Rocket Dockets' And The Rules That Propel Them
The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them... (more story)
Fla. Seeks Voter Approval Of Homestead Exemption Increase
Florida would increase the amount of its homestead tax exemption and aim to fully exempt homesteads under a resolution passed by the state Legislature on Tuesday that will have a proposed constitutional amendm... (more story)
Fennemore Craig Builds Calif. Presence With Boutique Tie-Up
Fennemore Craig PC has launched its 24th office with the addition of a 15-person team of attorneys and legal professionals from Northern California boutique Reynolds Law LLP.
Samsung Follows Exxon From NJ To Texas
After less than a year in a new building in New Jersey, Samsung said it plans to move its headquarters to Texas by the end of 2026, wrapping up a more than 40-year run of corporate residency in the Garden State.
A New York state appellate panel upheld a Manhattan jury verdict against former National Rifle Association chief Wayne LaPierre for alleged misconduct, including $4.4 million in monetary damages and a ban on h... (more story)
Counsel for two certified classes of residents and homeowners told a North Carolina state appeals court Tuesday that they should be handed a new jury trial, as a county neglected state statute when it extracte... (more story)
A Missouri appeals court said it will quickly hear arguments on a ballot measure slated for August to phase out Missouri's income tax in favor of broader sales taxes following a circuit court's rejection of ch... (more story)
The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them... (more story)
Florida would increase the amount of its homestead tax exemption and aim to fully exempt homesteads under a resolution passed by the state Legislature on Tuesday that will have a proposed constitutional amendm... (more story)
Fennemore Craig PC has launched its 24th office with the addition of a 15-person team of attorneys and legal professionals from Northern California boutique Reynolds Law LLP.
After less than a year in a new building in New Jersey, Samsung said it plans to move its headquarters to Texas by the end of 2026, wrapping up a more than 40-year run of corporate residency in the Garden State.
International More
UK Adults Unaware Of Inheritance Tax Relief, Insurer Says
Almost three-quarters of British adults don't know that certain gifts are exempt from inheritance tax as the fiscal rules for estates and pensions are set to change in April 2027, according to research published Wednesday.
EU Court Upholds Denial Of Late VAT Correction
European Union law on value-added tax does not prevent member states from restricting VAT corrections after the closure of an audit period, an EU court said Wednesday, provided that the taxpayer had a reasonab... (more story)
Brazil Facing 25% US Tariff Over IP, Other 'Unfair Practices'
The U.S. Trade Representative proposed hitting Brazil with a broad 25% tariff following a trade investigation that it says uncovered a slew of "unfair practices that imposed burdens on American businesses," in... (more story)
US Pushes To Keep Trump Tariffs In Effect During Appeal
The Federal Circuit should maintain a pause on a lower court's order blocking President Donald Trump's temporary global tariffs with respect to Washington state and two businesses, the U.S. argued, saying the ... (more story)
EU Says Blocwide Digital Tax Could Bring In €5B Per Year
The European Union estimates that a 3% tax on digital services in the region could bring in €5 billion ($5.8 billion) annually for the bloc's budget, according to a European Commission document seen by Law360 on Tuesday.
Gov't Warned On Tax Regime For Collective Pension Plans
The government should consider new tax rules to ensure new collective pension plans are a success, a consultancy warned on Tuesday.
Fed. Circ. Affirms Dismissal Of Turkish Steel Duty Challenges
A Federal Circuit panel affirmed three U.S. International Trade Court rulings that collectively rejected a Turkish company's attempts to escape a duty on Turkish steel, finding on Monday that the company's app... (more story)
Almost three-quarters of British adults don't know that certain gifts are exempt from inheritance tax as the fiscal rules for estates and pensions are set to change in April 2027, according to research published Wednesday.
European Union law on value-added tax does not prevent member states from restricting VAT corrections after the closure of an audit period, an EU court said Wednesday, provided that the taxpayer had a reasonab... (more story)
The U.S. Trade Representative proposed hitting Brazil with a broad 25% tariff following a trade investigation that it says uncovered a slew of "unfair practices that imposed burdens on American businesses," in... (more story)
The Federal Circuit should maintain a pause on a lower court's order blocking President Donald Trump's temporary global tariffs with respect to Washington state and two businesses, the U.S. argued, saying the ... (more story)
The European Union estimates that a 3% tax on digital services in the region could bring in €5 billion ($5.8 billion) annually for the bloc's budget, according to a European Commission document seen by Law360 on Tuesday.
The government should consider new tax rules to ensure new collective pension plans are a success, a consultancy warned on Tuesday.
A Federal Circuit panel affirmed three U.S. International Trade Court rulings that collectively rejected a Turkish company's attempts to escape a duty on Turkish steel, finding on Monday that the company's app... (more story)