Health groups, scientists, a labor union, small businesses and environmentalists are urging the U.S. Supreme Court not to strike down a nearly 40-year-old precedent that allows judges to defer to federal agenc... (more story)

Nonlawyer, private-equity ownership of law firms can benefit shareholders and others vulnerable to governance issues such as disparate interests, and can in turn help resolve agency problems, says Michael Di G... (more story)

Democrats in the U.S. House of Representatives have reintroduced a federal marijuana legalization bill that previously passed the chamber twice when it was under Democratic control, but never gained any tracti... (more story)

An international agreement to streamline transfer pricing for low-risk activities should operate as an elective safe harbor due to the regime's complexity and potential misalignment with traditional tax norms,... (more story)

The Federal Circuit on Thursday reversed a decision denying a commercial paper conduit's managing partner a $7.5 million refund for a payment made to the Bank of Nova Scotia under a debt agreement, saying the ... (more story)

The ex-chief financial officer of Russian gas company Novatek who was convicted of lying to the IRS and failing to report foreign bank accounts that held $93 million was sentenced Thursday in Florida federal c... (more story)

The Internal Revenue Service has been advocating for the OECD to publicly release results from a voluntary international compliance program in which tax administrations look for transfer pricing red flags with... (more story)

A New York state judge on Friday pounded the bench as he expressed frustration with arguments made by Donald Trump's attorneys over what claims, if any, he can rule on ahead of trial in the massive fraud case ... (more story)

An oncology company isn't entitled to an industrial processing use tax exemption on its equipment purchases because its work matching cancer patients to drug trials doesn't qualify as research and development,... (more story)

From yet another income tax cut in Arkansas to proposed extra funding for Chicago transit, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

A private equity firm and a related entity should not be liable for a $13.6 million judgment over an affordable housing tax exemption scheme perpetrated by a company they allegedly controlled, a New York state... (more story)

An Illinois city doesn't need to repay $6 million in property taxes to the former owners of an apartment complex who paid those taxes while they were fighting the city's eminent domain suit in court, the Illin... (more story)

Colorado property tax officials told the state high court Tuesday that the state's method for calculating what portion of tax revenue increases are properly attributed to the benefits of urban redevelopment ar... (more story)

A Multistate Tax Commission work group tackling the complex issue of how to source state income from partnerships said Wednesday that it will begin work on a model rule treating partners' guaranteed payments i... (more story)

T-Mobile told a New Jersey federal court that it's time to toss a suit brought by a middleman seeking to collect tax reimbursements the mobile behemoth had promised a landlord, saying the latest iteration of t... (more story)

Special taxes to fund local housing or infrastructure could pass under a lower approval threshold and it could become more difficult to require higher thresholds for other tax measures under two ballot initiat... (more story)

Groups representing developing countries' interests said the OECD's plan to simplify transfer pricing for low-capacity jurisdictions should not be available for low-risk marketing and distribution activities t... (more story)

The Organization for Economic Cooperation and Development's plan to simplify transfer pricing for low-capacity jurisdictions should include a verification mechanism that compares gross profit to operating expe... (more story)

Australia's Treasury wants to raise penalties for corporations that promote tax avoidance schemes and to improve the tax authority's ability to bring cases in response to PwC partners sharing the agency's conf... (more story)

Government officials from several countries said during a meeting Wednesday that they would support the United Nations' work to reach consensus on international tax cooperation as they cautioned against duplic... (more story)

The Dutch government wants to reduce a profit exemption for small and medium-sized businesses to pay for financial setbacks expected from the 15% global minimum tax, according to documents published Tuesday fo... (more story)

Information technology firm LTIMindtree has asked a federal judge to dismiss a former executive's lawsuit claiming he was fired after blowing the whistle on the company's alleged illegal immigration policies, ... (more story)

DLA Piper has hired a partner trio from White & Case LLP who all focus their practices on investment funds matters, the firm said Monday.