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Montana Gov. Greg Gianforte signed a bill on Wednesday implementing the voter-approved recreational marijuana measure, setting a launch date for licensing while tweaking the framework that was put before voters.
The New York attorney general's office probe into whether former President Donald Trump's businesses inflated asset values of a New York estate is now a criminal investigation, an office spokesman said Wednesday.
The Federal Court of Australia backed the Australian Taxation Office's denial of more than AU$4 million ($3.1 million) in deductions to the owners of several McDonald's Corp. franchises for supposed rent payments.
Members of the Senate Finance Committee on Tuesday expressed bipartisan support for passage this year of a substantial transportation infrastructure package, but lawmakers have yet to settle their differences over how to finance their plans.
An Ohio tax-writing committee approved legislation Tuesday that would block cities from imposing their income taxes on remote workers for 2021 but wouldn't retroactively change a law that permitted cities to tax nonresidents during the coronavirus pandemic in 2020.
Opponents of project development and rezoning in New York have ramped up their efforts during the COVID-19 pandemic, and such activism is likely to continue, one of Kasowitz Benson Torres LLP's real estate litigation leaders told Law360 in a recent interview.
The U.S. Centers for Disease Control and Prevention's recommendation this week that fully vaccinated individuals can dispense with masks and social distancing except where mandated by law unleashed a new wave of COVID-19 restriction scalebacks in multiple states already emboldened by the downtrend in coronavirus cases coupled with their vaccination progress.
Minnesota's legislative leaders and governor reached agreement on a $51.2 billion budget that will include full conformity on Paycheck Protection Program loans, although the details of the state's omnibus tax bill and other legislation will be determined later.
House Democrats are close to an agreement with Donald Trump in the former president's suit seeking to keep Deutsche Bank from handing over his financial records to two congressional committees, the parties told a New York federal court Monday.
A day after announcing binding arbitration proceedings against the Kyrgyz Republic for expanding its control over a gold mine, Canadian mining company Centerra Gold Inc. said Monday the government had "effectively seized control" of the Kumtor Mine over the weekend, when authorities showed up at the mine and employees' homes and raided an office in Bishkek.
Britain's Cairn Energy PLC opened a new front in its tax dispute against India by demanding that a U.S. federal court force Air India to pay a $1.26 billion arbitration award the petroleum company won in December.
Alabama Gov. Kay Ivey signed legislation that legalizes medical marijuana through a highly restrictive law on Monday, just days after its neighbor to the west saw its legalization measure thrown out in court.
The U.S. Supreme Court on Monday refused to review a Vermont Department of Taxes decision imposing taxes on $23.9 million in capital gains from New York telecommunications license sales.
The U.S. Supreme Court Monday revived an advisory firm's challenge to IRS guidance requiring microcaptive insurance transactions to be disclosed on pain of penalties, saying it was not barred by the Anti-Injunction Act.
Authorities across Europe have broken up a criminal scheme involving value-added tax fraud, money laundering and forgery of documents that cost Spain €26 million ($32 million) in lost revenue, the European Union's criminal justice agency said on Monday.
The entertainment, sports and news assets of AT&T;'s WarnerMedia will be combined with Discovery Inc. in a $43 billion blockbuster deal that is structured as a reverse Morris trust and was built by four law firms, the companies said Monday.
Nearly 39 million American households will begin receiving monthly payments beginning in mid-July of an expanded tax credit for working families with children included in the March coronavirus pandemic relief law, President Joe Biden announced Monday.
In the past week, Republican members of Congress pitched their own proposal for decriminalizing cannabis while medical marijuana advocates in Nebraska announced they would take the battle from the statehouse to the ballot box. Here are the major developments in cannabis law reform.
A Swiss insurance company and three affiliates will pay the U.S. government about $77.3 million for conspiring to help U.S. taxpayers hide $1.45 billion from the Internal Revenue Service, the U.S. Department of Justice said Friday.
A Boston-area real estate developer admitted in Massachusetts federal court Thursday to bilking the government out of $482,000 by failing to list more than $1.2 million in personal construction payments from condominium residents on his tax returns.
Minnesota would legalize recreational marijuana and impose gross receipts and use taxes on sales of cannabis products under a bill passed by the state House of Representatives.
Attorney George Gilmore, who was pardoned after being convicted of federal crimes, and his onetime partner should be held individually responsible for their former firm's unpaid debt since they personally guaranteed a $275,000 note signed by the practice, a lender's counsel told a New Jersey state court on Friday.
Mississippi's Supreme Court on Friday overturned a voter-approved measure to legalize medical cannabis, ruling that the election law governing ballot referendums in the state has been out of date for nearly 20 years.
Miami-based law firm Bilzin Sumberg Baena Price & Axelrod LLP this month announced the expansion of its tax and private wealth practice, bringing aboard a shareholder from Packman Neuwahl Rosenberg and two new associates.
Husch Blackwell LLP has added three partners previously with K&L; Gates LLP who specialize in areas such as construction, financial services and taxes, the firm has announced.
The early days of the Biden administration have been relatively quiet on the trade front, but importers have nevertheless found themselves in the throes of a familiar battle: pleading with the government to hold off on tariffs in a heated trade dispute.
President Joe Biden's sweeping tax changes proposed to pay for trillions in infrastructure spending would significantly alter the way the federal government taxes corporations, leaving states, for the second time in four years, to decide if and how to conform. Here Law360 presents three considerations for states in the president's tax proposals.
New York's entrance into the legal cannabis market with a unique potency-based tax structure could add unnecessary complexity and compliance issues for a burgeoning industry despite supporters' arguments that it could steer users toward less-powerful products.
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Katherine Forrest's new book, "When Machines Can Be Judge, Jury, and Executioner," raises valid transparency concerns about artificial intelligence tools used by judges when making bail and sentencing decisions, but her argument that such tools should be rejected outright is less than convincing, says U.S. District Judge Xavier Rodriguez of the Western District of Texas.
Opinion
Congress should work toward removing the loophole that allows companies to avoid U.S. taxes by moving their patents offshore, and ensure profits are taxed where the sales take place, says Sen. Patrick Leahy, D-Vt.
A flexible work environment will be key to recruiting and retention efforts post-pandemic, so law firms must develop comprehensive policies that solidify expectations and boundaries on accommodations such as flextime, remote work and reduced hours, says Manar Morales at the Diversity & Flexibility Alliance.
A Massachusetts federal judge’s recent rebuke of the state Attorney General’s Office for refusing to respond to discovery requests in Alliance for Automotive Innovation v. Healey highlights six important considerations for attorneys who want to avoid the dreaded benchslap, say Alison Eggers and Dallin Wilson at Seyfarth.
Following the D.C. Circuit’s recent notice discouraging use of the font Garamond in legal briefs, Jason Steed at Kilpatrick looks at typeface requirements and preferences in appellate courts across the country, and how practitioners can score a few extra brief-writing points with typography.
Joseph Berger and Thomas Mason at Thompson Hine examine the significant opportunities for government contractors arising from actions during the first 100 days of the Biden administration, which set the stage for unprecedented investment in national infrastructure, domestic manufacturing, research and development, clean energy, pandemic response and economic recovery.
As the legal industry continues to change in the post-pandemic world, law firms should adapt to client demands by constantly measuring and managing the profitability of their services, says Joseph Altonji at LawVision.
Series
The U.S. Supreme Court issued a major decision on class arbitration in Lamps Plus v. Varela two years ago. Now, attorneys at Lewis Brisbois and Mayer Brown explain how their work for Lamps Plus developed the law on interpreting arbitration agreements that exclude language expressly addressing class arbitration.
Following the issuance of fully subsidized COBRA premiums for certain workers under the recently passed American Rescue Plan Act, employers should take steps to determine who is eligible, ensure additional notice requirements are satisfied, and train human resources on communicating with qualified individuals, say Randi May and Dustin Grant at Hoguet Newman.
Recent rulings shed light on how courts and international arbitration tribunals decide if litigation funding materials are discoverable and reaffirm best practices that attorneys should follow when communicating with funders, say Justin Maleson at Longford Capital and Michele Slachetka and Christian Plummer at Jenner & Block.
Dustin Stamper at Grant Thornton provides insight into President Joe Biden's recently proposed individual tax increases to pay for his American Families Plan, and explains how competing interests among congressional Democrats and Republicans may shape the final provisions and prolong their implementation.
This year's law graduates and other young attorneys must recognize that the practice of law tests and rewards different skills and characteristics than law school, and that what makes a lawyer valuable changes over time, says Vernon Winters, retired partner at Sidley.
Christiaan Van Der Valk and Charles Maniace at Sovos consider the value-added tax, a primary source of revenue for many countries, and what it might mean for the U.S. were it implemented to raise funds for large-scale federal initiatives such as President Joe Biden's infrastructure plan.
Texas taxpayers should focus on two consequential tax policy developments from this legislative session: the insufficient response to the Texas Comptroller of Public Accounts' controversial local sales tax sourcing regulation, and how changes to administrative appeal procedures may affect access to courts, say attorneys at Baker Botts.
The recently extended New Markets Tax Credit is a critical tool for economic development in low-income communities, which have been hit especially hard by the pandemic, so public finance attorneys should consider its benefits when advising clients on projects, says Julia Fendler at Butler Snow.
