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TAX LAW NEWS - TAX LITIGATION
From the monthly archives:
A federal judge is due for an update on negotiations aimed at settling the government’s tax evasion lawsuit against Swiss bank UBS.
A hearing is scheduled Wednesday morning in Miami federal court so the judge can find out more about the chances of a deal from lawyers for the bank, the Swiss government and the U.S. [...]
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A new New York state law that makes it easier for residents to eliminate taxing districts won’t help those who want to get rid of a special Town of Union tax that supports two village libraries.
Union attorney Kurt Schrader said Your Home Public Library in Johnson City and George F. Johnson Memorial Library in Endicott [...]
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A new law that fully exempts veterans who suffered severe disabilities during military service will not shake up local tax rolls.
Final certified home values issued Friday by the Lubbock Central Appraisal District reported only slight changes in the estimated total values of property the district published in May, before the proposal became law.
Governments, including school [...]
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With its state parks and summer schools on the chopping block, budget-busted California could see a $1.4 billion windfall if it legalizes and taxes the sale of marijuana, the state tax board found in an analysis that was published last week.
But a close look at that $1.4 billion figure raises a timely and important question:
What [...]
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The company-issued cell phone you tote around could is actually a tax liability under a 2-decades-old tax provision Congress and the IRS would like to see scrapped.
You probably don’t consider that electronic umbilical cord between you and your boss as a fringe benefit, but federal tax law does.
Part of the tax code enacted in 1989 [...]
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A people’s veto effort to overturn Maine’s newly enacted tax code changes is struggling financially. Reports show it’s just raised $50.
The Republican-led effort targets changes in sales and income tax policy. Opponents are trying to collect more than 55,000 signatures to put the repeal question before voters in November.
Maine Public Radio reports GOP leaders say [...]
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A new law in New Hampshire may thwart attempts by other states to impose their sales taxes on their residents purchasing tires and other products in the Granite State, which has no sales tax.
N.H. Gov. John Lynch signed into law July 9 a bill that quickly traveled through the state legislature in response to a [...]
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Federal estate-tax laws are on a collision course with chaos in 2010, thanks to an old piece of legislation that’s on schedule to come to full fruition less than six months from now.
Many estate-planning experts don’t believe Congress and the White House will let matters transpire as mandated by the Economic Growth and Tax Relief [...]
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Louisiana Gov. Bobby Jindal approved $4.9 million in tax breaks for ports, sportsmen and other groups for this year, though that figure will balloon to an estimated $30.3 million in 2010 when additional tax breaks take effect.
In all, Jindal on Thursday signed nine tax-break bills, most of which don’t take effect until July 1, 2010: [...]
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Retailers are making a push on Beacon Hill to nix tax regulations they say penalize big retail chains that are based in Massachusetts.
Right now, retailers that are anchored in the state are taxed based on their Massachusetts-apportioned income, which takes into account sales, property, and payroll. But the Bay State-based corporations back a bill pushed [...]
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