Paralegal Brief

“Supreme Court Urged to Rule Against Mandatory Repatriation Tax; Couple says upholding tax would broaden Congress’s tax powers; US says law is indistinguishable from other income taxes”

HowAppealing

NOVEMBER 15, 2023

“Supreme Court Urged to Rule Against Mandatory Repatriation Tax; Couple says upholding tax would broaden Congress’s tax powers; US says law is indistinguishable from other income taxes”: John Woolley of Bloomberg Tax has this report. You can access petitioners’ Reply Brief filed today in the U.S.

Laws

Laws Court

Biglaw Tax Partner Jailed For Tax Scheme

Above The Law

FEBRUARY 6, 2024

The former global head of tax was sentenced to 3 1/2 years in jail. The post Biglaw Tax Partner Jailed For Tax Scheme appeared first on Above the Law.

Laws

New York Court of Appeals allows lawsuit alleging racial property tax disparities in New York City to go forward

JURIST

MARCH 20, 2024

The New York Court of Appeals ruled Tuesday that a lawsuit from Tax Equity Now New York (TENNY), which alleges disparities in the New York City property tax system are disproportionately burdening low-income and majority-people-of-color neighborhoods, can go forward in the New York state courts.

Cause of Action

Cause of Action Court Court Rules Legal

UN moves to draft new convention on international tax cooperation

JURIST

NOVEMBER 23, 2023

The United Nations General Assembly (UNGA) on Wednesday adopted a resolution to move forward with a proposal for a UN tax convention to promote international tax cooperation. The resolution provides for an intergovernmental committee to develop protocols and measures to combat tax-related illicit financial flows.

Drafting

Wills, Trusts, and Estates: The Essentials of Wealth Management

Speaker: Vi Pham, Attorney at Law

Tax effects of gifts, gifts to minors. State and federal tax requirements during life and upon death. Join Vi Pham, Attorney and educator, in this exclusive webinar that will leave you feeling brushed up and ready. In this webinar, you will learn: Methods of holding title to property. Laws of intestacy.

Paralegal

Australia High Court rules against electric vehicle tax

JURIST

OCTOBER 19, 2023

In that case, the majority held a tax on the consumption of goods did not constitute a duty of excise. ” The ZLEV charge taxed users annually at a prescribed rate for each kilometre travelled during a financial year. The post Australia High Court rules against electric vehicle tax appeared first on JURIST - News.

Court Rules

Court Rules Court Government

India unveils tax reform bill introducing new cryptocurrency tax regime

JURIST

FEBRUARY 2, 2022

India Finance Minister Nirmala Sitharaman announced a series of tax reform measures on Tuesday as part of the nation’s 2022 annual budget. amended) returns,” reduced alternate minimum taxes and surcharges for cooperative societies, and new tax exemptions.

Finance

Finance Government Litigation Litigating

File Tax Returns – Even if Not Required to do so

Diane Drain

MARCH 6, 2023

PEOPLE MAY WANT TO FILE A TAX RETURN – EVEN IF THEY ARE NOT REQUIRED TO DO SO Posting from the IRS IRS Tax Tip 2023-27, March 2, 2023 Some people choose not to file a tax return because they aren’t legally required to file, but they could be missing out on refundable tax credits or an income tax refund.

Education

Education Depositions Law Office Lawyer

Lead prosecutor in Germany’s cum-ex tax fraud scandal steps down

JURIST

APRIL 23, 2024

The scandal involved a share-trading scheme in which investors manipulated a dividend tax loophole to receive multiple reimbursements—more than they would otherwise receive. The post Lead prosecutor in Germany’s cum-ex tax fraud scandal steps down appeared first on JURIST - News.

Legal

Legal Legal

Justices to hear major tax case

SCOTUSBlog

DECEMBER 4, 2023

Share The Supreme Court will hear oral argument on Tuesday in a challenge to the constitutionality of a provision of a 2017 corporate tax reform law. A Washington State couple went to court to challenge the law after it increased their tax bill by a one-time payment of roughly $15,000. Until 2017, nothing in U.S. shareholders.

Government

Government Punitive Damages Real Estate Court

Actor Terrence Howard Hit With A Judgment For More Than $900,000 In Back Taxes While Claiming It Is Immoral To Tax Descendants Of Slaves

Above The Law

MARCH 6, 2024

Howard seems to have had a long history of tax issues. The post Actor Terrence Howard Hit With A Judgment For More Than $900,000 In Back Taxes While Claiming It Is Immoral To Tax Descendants Of Slaves appeared first on Above the Law.

Laws

Belarus dispatch: activist accused of tax evasion faces extradition from Serbia to Belarus

JURIST

MARCH 4, 2024

He had been accused in Belarus of tax evasion. It is worth noting that in Belarus Gnyot is accused of tax evasion in the amount of approximately 300,000 euros. The post Belarus dispatch: activist accused of tax evasion faces extradition from Serbia to Belarus appeared first on JURIST - News.

Legal Assistant

Legal Assistant Legal Assistance Lawyer Lawyers

Hunter Biden charged with failure to pay taxes and unlawful possession of a firearm

JURIST

JUNE 20, 2023

The US Attorney for the District of Delaware charged Hunter Biden, US President Joe Biden’s son, on Tuesday with tax and firearm offenses. Biden faces two tax-related charges. 7203 which criminalizes willfully failing to file a tax return, supply tax information or pay taxes.

Misdemeanor

Misdemeanor Attorney

California governor signs sweeping gun control legislation including tax on firearms and ammunition

JURIST

SEPTEMBER 27, 2023

The new laws cover a variety of topics including, but not limited to, an increase in taxes, requirements for gun dealers, waiting periods, criminal penalties, individuals prohibited from owning firearms and safety materials. This tax will fund programs to help those impacted by gun violence.

Manufacturing

Manufacturing Laws

“A $15,000 tax could undo parts of the tax code in upcoming Supreme Court case”

HowAppealing

NOVEMBER 24, 2023

“A $15,000 tax could undo parts of the tax code in upcoming Supreme Court case”: Alex Swoyer of The Washington Times has this report. The post “A $15,000 tax could undo parts of the tax code in upcoming Supreme Court case” appeared first on How Appealing.

Court

US Supreme Court rules that government cannot keep profit from properties sold to satisfy tax debt

JURIST

MAY 25, 2023

The US Supreme Court ruled Thursday that the government cannot keep the profits of properties sold to pay off tax debts. wherein a local Minnesota government sold off a woman’s condo to satisfy her tax bill. When she moved out of the condo, the property tax bill was forgotten by the family. Armstrong , 364 U.

Court Rules

Court Rules Government Court Statute

130 nations agree to global corporate tax reform

JURIST

JULY 3, 2021

The first pillar would reallocate some taxing rights over multinational enterprises (MNEs) from their home countries to regions where they operate and earn profits regardless of whether the MNEs have a physical presence in those regions. The second pillar would introduce a minimum global corporate tax rate of 15 percent.

Finance

Finance Legal Legal

What You Can Do If You Have More Than One Government Agency Coming After You For Taxes

Above The Law

APRIL 17, 2024

The post What You Can Do If You Have More Than One Government Agency Coming After You For Taxes appeared first on Above the Law. Remember: Every situation is different.

Government

Government Laws

Netherlands data protection watchdog finds tax authority violated GDPR

JURIST

OCTOBER 31, 2021

Autoriteit Persoonsgegevens , the Dutch Data Protection Authority (DDPA), found on Friday that the Dutch Tax and Customs Administration violated core principles of the General Data Protection Regulations (GDPR) for several years through processing personal data in a fraud management system.

Finance

Finance Legal Legal Technology

US Supreme Court rules IRS does not need to notify delinquent taxpayers of summons to collect outstanding taxes

JURIST

MAY 18, 2023

The US Supreme Court ruled Thursday that the Internal Revenue Service (IRS) does not need to provide notice to delinquent taxpayers of summons made against them to collect outstanding federal taxes. This does not apply to summons to determine whether a taxpayer owes an outstanding amount, only summons to collect. The case, Polselli v.

Court Rules

Court Rules Court

German prosecutors decline to investigate chancellor in tax scandal

JURIST

AUGUST 16, 2022

German prosecutors Tuesday declined to investigate German Chancellor Olaf Scholz for his involvement in a tax scandal. The scandal consisted of a share-trading scheme in which investors manipulated a dividend tax loophole for multiple reimbursements—more than they would otherwise receive.

Depositions

Depositions Finance Attorney Lawyer

Can Shohei Ohtani’s Gambling And Theft Controversy Provide Him With Tax Relief?

Above The Law

MARCH 28, 2024

The post Can Shohei Ohtani’s Gambling And Theft Controversy Provide Him With Tax Relief? The story has a lot of twists and turns. appeared first on Above the Law.

Laws

“This lawsuit could disrupt the U.S. tax system. Key facts are in dispute. Supreme Court to hear challenge to new tax on offshore earnings that was part of Donald Trump’s 2017 tax overhaul.”

HowAppealing

NOVEMBER 27, 2023

tax system. Supreme Court to hear challenge to new tax on offshore earnings that was part of Donald Trump’s 2017 tax overhaul.” tax system. tax system. Supreme Court to hear challenge to new tax on offshore earnings that was part of Donald Trump’s 2017 tax overhaul.” ” Ann E.

Finance

Finance Court

The Upcoming Baltimore Orioles Sale Is Structured To Avoid Capital Gains Taxes

Above The Law

FEBRUARY 7, 2024

Even if the sale avoids capital gains tax, Peter Angelos’s estate will be subject to federal estate taxes. The post The Upcoming Baltimore Orioles Sale Is Structured To Avoid Capital Gains Taxes appeared first on Above the Law.

Laws

Laws Government

Shohei Ohtani’s $700M Contract Exposed A State Tax Secret

Above The Law

JANUARY 17, 2024

it seems wrong to make Ohtani the poster boy for tax reform. The post Shohei Ohtani’s $700M Contract Exposed A State Tax Secret appeared first on Above the Law.

Contract

Contract Laws

Rudy Giuliani Hit With $550K Tax Lien

Above The Law

OCTOBER 11, 2023

The post Rudy Giuliani Hit With $550K Tax Lien appeared first on Above the Law. He's in a financial tailspin, and the IRS is another creditor.

Laws

Federal judge authorizes IRS tax evasion inquiry involving offshore legal services

JURIST

JULY 30, 2021

Specifically, the order authorizes the IRS to trace courier deliveries and electronic fund transfers (EFTs) of the POLS group to identify its US taxpayer clients that have used POLS group services to “create or control foreign assets and entities” to escape their US federal tax obligations.

Legal Services

Legal Services Legal Legal Law Firm

4 Goals For Gov'ts To Pursue In The UN Tax Convention

Law 360

APRIL 26, 2024

The United Nations' framework convention on international tax cooperation should resolve digital taxation, incorporate tax transparency conventions, seek consensus on tax allocation issues but adopt best practices by simple majority, and help fund development goals, officials and experts told Law360 as governments began negotiations Friday.

Government

Unpacking The Bill To Extend TCJA's Biz-Friendly Tax Breaks

Law 360

APRIL 26, 2024

Senate to save the Tax Cuts and Jobs Act's tax breaks for research and development costs, and other expiring business-friendly provisions, would affect taxpayers. Attorneys at Skadden examine how a bipartisan bill currently being considered by the U.S.

Attorney

US Supreme Court hears oral arguments in tax deadline case

JURIST

JANUARY 13, 2022

Commissioner of Internal Revenue , a case concerning the time limit to file petitions with the US Tax Court to review Internal Revenue Service (IRS) determinations. a personal injury law firm in North Dakota, of a discrepancy between prior tax document submissions. The Tax Court dismissed the case for lack of jurisdiction.

Court

Court Personal Injury Law Firm Law Firms

OECD Says Latvia Must Shift Tax Burden, Limit Fuel Subsidies

Law 360

APRIL 25, 2024

Latvia needs to shift its tax burden off labor and onto other forms of income such as property, and to eliminate harmful subsidies and tax practices around fossil fuels, the Organization for Economic Cooperation and Development said Thursday.

UK, France, Italy, Austria and Spain announce repeal of digital services tax

JURIST

OCTOBER 23, 2021

A joint statement from the United Kingdom, France, Italy, Austria, and Spain was released Thursday announcing that there would be a repeal of their ‘Digital Services Taxes’ (DSTs). The full implementation of DSTs in a global tax agreement will come into force in 2023.

Government

Government Legal Legal

Did The Creator Of Barbie Engage In Tax Evasion?

Above The Law

JANUARY 10, 2024

The post Did The Creator Of Barbie Engage In Tax Evasion? Barbie, who has held over 200 careers -- including beekeeper, matador, Starfleet security officer, jillaroo, cat burglar, photojournalist, lawyer, judge, police officer, chief sustainability officer, and lute player -- has never been an accountant. appeared first on Above the Law.

Lawyer

Lawyer Lawyers Laws

Was Jesus Born In Bethlehem For Tax Reasons?

Above The Law

DECEMBER 20, 2023

The post Was Jesus Born In Bethlehem For Tax Reasons? Assuming a census existed at the time of Jesus’s birth, how would it help with taxation? appeared first on Above the Law.

Laws

Laws Government

Thomson Reuters Launches Developer Portal Giving Access to Over 100 APIs for Legal, Tax, Risk and Fraud

LawSites

APRIL 15, 2024

Thomson Reuters has launched a global Developer Portal giving access to over 100 APIs, providing tax, legal, risk and fraud professionals with tools to more easily integrate their workflows with the company’s technology, data, content and insights.

Legal

Legal Legal Technology

Was The ‘Coyote vs. Acme’ Movie Canceled For Tax Purposes?

Above The Law

NOVEMBER 22, 2023

Studios generally do not make movies just lto create tax write-offs. The post Was The ‘Coyote vs. Acme’ Movie Canceled For Tax Purposes? Coyote had no comment. The Road Runner was traveling and unavailable for comment at press time. appeared first on Above the Law.

Laws

Australia high court rules higher tax rate for visiting UK workers violates treaty

JURIST

NOVEMBER 4, 2021

The High Court of Australia found on Wednesday that the higher tax rate for working holiday makers breached a treaty with the UK and was discriminatory. In December 2016, the Australian Parliament established a new tax rate applicable to persons holding working holiday visas, added to the Income Tax Rates Acts 1986.

Court Rules

Court Rules Court Legal Legal

ECHR: Belgium violated rights of Jehovah’s Witnesses in failing to grant tax exemptions

JURIST

APRIL 6, 2022

The European Court of Human Rights (ECHR) found that Belgium violated the rights of Jehovah’s Witnesses in failing to grant tax exemptions in a ruling Tuesday. Belgium concerned an application made by Jehovah’s Witnesses for being denied property tax exemptions.

Court

Wealth Tax, Stiff Biz Tax Could Fund Climate Fight, Study Says

Law 360

MARCH 14, 2024

Governments could generate the $500 billion experts think developing countries would need annually to fund the fight against climate change with a 2% global minimum tax on billionaires and a 20% global minimum tax on corporations with no exclusions, the EU Tax Observatory said Thursday.

Government

Former El Salvador president sentenced to six years in prison for tax evasion

JURIST

JULY 6, 2023

A court in El Salvador sentenced former Salvadoran president Mauricio Funes, to a term of six years in prison Wednesday on charges of tax evasion. The post Former El Salvador president sentenced to six years in prison for tax evasion appeared first on JURIST - News. Funes is a citizen of Nicaragua and is currently residing there.

Court

At This Point, Get Clarence Thomas For Tax Evasion

Above The Law

OCTOBER 25, 2023

The post At This Point, Get Clarence Thomas For Tax Evasion appeared first on Above the Law. Get buddy up out of here.

Laws

Laws Court

Valero Seeks $75M In Tax Refunds For Fuel Mixtures

Law 360

APRIL 25, 2024

Energy company Valero asked a Texas federal court for $75 million in excise tax refunds, claiming the Internal Revenue Service failed to recognize that its production of specific fuels such as butane blends and biomass derivatives qualified for the alternative fuel mixture credit.

Court

ARIZONA IS ONE OF 2 STATES THAT WILL TAKE YOUR TAX REFUND IN BANKRUPTCY. SHOULD THE LAW CHANGE?

Diane Drain

APRIL 16, 2022

ARIZONA IS ONE OF 2 STATES THAT WILL TAKE YOUR TAX REFUND IF THIS HAPPENS. Tens of millions of Americans look forward to income-tax refunds as a way to pay down debt, buy necessities and otherwise get their finances back in order. Also, the IRS paid advance child tax credits averaging $462 to 795,000 Arizona households last year.

Laws

Laws Attorney Small Business Finance

Pennsylvania court rules state cannot tax carbon without legislative approval

JURIST

NOVEMBER 2, 2023

The court found that proceeds from the allowance auctions were a tax created by the PA Environmental Quality Board (EQB) and the Department of Environmental Protection (DEP) in violation of the PA Constitution. The post Pennsylvania court rules state cannot tax carbon without legislative approval appeared first on JURIST - News.

Court Rules

Court Rules Court Government

“Supreme Court Urged to Rule Against Mandatory Repatriation Tax; Couple says upholding tax would broaden Congress’s tax powers; US says law is indistinguishable from other income taxes”

Biglaw Tax Partner Jailed For Tax Scheme

Trending Sources

New York Court of Appeals allows lawsuit alleging racial property tax disparities in New York City to go forward

UN moves to draft new convention on international tax cooperation

Wills, Trusts, and Estates: The Essentials of Wealth Management

Australia High Court rules against electric vehicle tax

India unveils tax reform bill introducing new cryptocurrency tax regime

File Tax Returns – Even if Not Required to do so

Lead prosecutor in Germany’s cum-ex tax fraud scandal steps down

Justices to hear major tax case

Actor Terrence Howard Hit With A Judgment For More Than $900,000 In Back Taxes While Claiming It Is Immoral To Tax Descendants Of Slaves

Belarus dispatch: activist accused of tax evasion faces extradition from Serbia to Belarus

Hunter Biden charged with failure to pay taxes and unlawful possession of a firearm

California governor signs sweeping gun control legislation including tax on firearms and ammunition

“A $15,000 tax could undo parts of the tax code in upcoming Supreme Court case”

US Supreme Court rules that government cannot keep profit from properties sold to satisfy tax debt

130 nations agree to global corporate tax reform

What You Can Do If You Have More Than One Government Agency Coming After You For Taxes

Netherlands data protection watchdog finds tax authority violated GDPR

US Supreme Court rules IRS does not need to notify delinquent taxpayers of summons to collect outstanding taxes

German prosecutors decline to investigate chancellor in tax scandal

Can Shohei Ohtani’s Gambling And Theft Controversy Provide Him With Tax Relief?

“This lawsuit could disrupt the U.S. tax system. Key facts are in dispute. Supreme Court to hear challenge to new tax on offshore earnings that was part of Donald Trump’s 2017 tax overhaul.”

The Upcoming Baltimore Orioles Sale Is Structured To Avoid Capital Gains Taxes

Shohei Ohtani’s $700M Contract Exposed A State Tax Secret

Rudy Giuliani Hit With $550K Tax Lien

Federal judge authorizes IRS tax evasion inquiry involving offshore legal services

4 Goals For Gov'ts To Pursue In The UN Tax Convention

Unpacking The Bill To Extend TCJA's Biz-Friendly Tax Breaks

US Supreme Court hears oral arguments in tax deadline case

OECD Says Latvia Must Shift Tax Burden, Limit Fuel Subsidies

UK, France, Italy, Austria and Spain announce repeal of digital services tax

Did The Creator Of Barbie Engage In Tax Evasion?

Was Jesus Born In Bethlehem For Tax Reasons?

Thomson Reuters Launches Developer Portal Giving Access to Over 100 APIs for Legal, Tax, Risk and Fraud

Was The ‘Coyote vs. Acme’ Movie Canceled For Tax Purposes?

Australia high court rules higher tax rate for visiting UK workers violates treaty

ECHR: Belgium violated rights of Jehovah’s Witnesses in failing to grant tax exemptions

Wealth Tax, Stiff Biz Tax Could Fund Climate Fight, Study Says

Former El Salvador president sentenced to six years in prison for tax evasion

At This Point, Get Clarence Thomas For Tax Evasion

Valero Seeks $75M In Tax Refunds For Fuel Mixtures

ARIZONA IS ONE OF 2 STATES THAT WILL TAKE YOUR TAX REFUND IN BANKRUPTCY. SHOULD THE LAW CHANGE?

Pennsylvania court rules state cannot tax carbon without legislative approval

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