Remove 4 tax Corporate-Tax
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Justices to hear estate tax dispute over shareholder’s life-insurance policy

SCOTUSBlog

Share After a hearing another high-profile dispute over abortion access, the justices will return to the bench on Wednesday to consider a routine practice in estate planning for closely held corporations. Internal Revenue Service is how to treat the money that flows into the closely held corporation – here, Crown C Supply Co.

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Justices seem to favor IRS in dispute over shareholder’s life insurance policy

SCOTUSBlog

This is a case about the tax treatment of life insurance policies that closely held corporations use to manage the death of a shareholder. Assume, as is common, a small corporation owned by members of the same family. Then, when the shareholder dies, the proceeds can go to pay the surviving spouse (or heirs) for the shares.

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Mo. House OKs Halving Corp. Income Tax Rate

Law 360

Missouri would reduce its corporate income tax rate to 2% from 4% next year and lower the individual income tax rate on the state's highest tax bracket as part of a combined bill passed by the state House of Representatives on Tuesday.

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Court faces dispute over insurer’s rights in asbestos bankruptcy plan

SCOTUSBlog

Share After a hearing another high-profile dispute over abortion access, the justices will return to the bench on Wednesday to consider a routine practice in estate planning for closely held corporations. Internal Revenue Service is how to treat the money that flows into the closely held corporation – here, Crown C Supply Co.

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Unrealized Income: To Tax or Not to Tax

Fordham Law News

Millions of people pay income taxes every year. But what would happen if instead of only being taxed on realized income, corporations and individual taxpayers also were taxed on unrealized income? [1] 10] The present issue is whether it is constitutional to tax these earnings. [11] income tax provisions. [20]

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Purdue Pharma, tax cases headline December argument session

SCOTUSBlog

4 in the challenge to the legality of the bankruptcy plan for Purdue Pharma, the manufacturer of the highly addictive opioid painkiller OxyContin. taxpayers who owned shares in foreign corporations to pay a one-time tax on their share of the corporation’s earnings, even if those earnings were reinvested in the corporation.

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Netherlands police arrest over 2400 climate activists protesting fossil fuel subsidies

JURIST

Their statement detailed how they spent over 4 hours arresting and removing people from the highway, resorting to methods that included the use of water cannons. A report published by The Centre for Research on Multinational Corporations (SOMO) showed that the Dutch government spends US$40.5B