The Supreme Court has agreed to examine the constitutionality of a long-standing federal ban on home distilleries, specifically scrutinizing an 1868 law that not only taxes distilled spirits but also prohibits their at-home production. This decision follows a petition brought by the Hobby Distillers Association, alongside individual plaintiffs, who contest the ban’s infringement on their…
The Supreme Court’s upcoming conference docket offers a blend of spirited legal debates fitting the Halloween season, as it examines a series of notable relists. As highlighted in a recent analysis by SCOTUSblog, among the cases are issues related to both the freedom to distill spirits and contentious matters involving school admissions and Halloween restrictions….
The rapid expansion of data centers has emerged as a significant issue for tax assessors in the United States, as they grapple with the challenge of accurately valuing these facilities for taxation purposes. The data center boom, driven by an increasing demand for digital infrastructure, is creating a complex landscape for property tax assessments. With…
Ropes & Gray has announced the addition of Ryan Dahan as a new partner in their New York office, focusing on tax matters. This strategic move highlights the firm’s intentions to bolster its tax practice amidst a complex and evolving tax landscape. Dahan, who previously held a respected position at an international law firm, brings…
Duane Morris has augmented its corporate tax practice with the addition of David Schwartz, a seasoned lawyer known for his expertise in domestic and international tax matters. Schwartz joins the firm’s New York office, strengthening its capabilities in navigating complex tax regulations. As reported by Bloomberg Law, Schwartz’s extensive experience includes advising multinational corporations on…
The rapidly evolving landscape of artificial intelligence presents both challenges and opportunities for various sectors, and the realm of taxation is no exception. As American businesses increasingly integrate AI into their operations, there is a growing call for the IRS to modernize its systems to keep pace with these technological advancements. This modernization is essential…
President Trump’s nomination for Chief Counsel of the Internal Revenue Service (IRS) is proceeding with minimal resistance from Democratic lawmakers. Michael J. Desmond, an attorney with a deep background in tax law, was nominated for the top legal position within the IRS. His career includes roles both in government and private practice, showcasing a broad…
Sidley Austin LLP has announced a significant addition to its New York office with the appointment of Deborah Paul as the co-head of its tax practice. Deborah Paul, an accomplished tax attorney with an extensive track record, joins Sidley to further bolster its capabilities in complex tax law. Her move to Sidley is expected to…
The First Amendment of the United States Constitution famously states: “Congress shall make no law … abridging the freedom of speech, or of the press.” Yet, a study conducted by legal scholars RonNell Andersen Jones and Sonja West raises concerns about the waning distinction between these two freedoms within U.S. Supreme Court jurisprudence. The study…
As the U.S. Supreme Court prepares for its upcoming term, a notable issue on the horizon is the intersection of the law and alcohol regulations, a topic the Court has grappled with over the decades. The justices may address a 19th-century law prohibiting the at-home production of distilled spirits, reviving debates surrounding alcohol regulations that…
The ongoing legal challenges to taxes on secondary homes in both New York City and Rhode Island could have significant implications for property owners and legislators across the United States. These cases involve different legal arguments but focus on the contentious issue of taxing luxury real estate. In New York City, the so-called “pied-à-terre tax”…
This week, the recognition of Eversheds Sutherland, Pillsbury Winthrop Shaw Pittman LLP, and McDermott Will & Schulte as Law360’s Legal Lions highlights a significant triumph for these firms, as reported here. Maryland’s tax court struck down the state’s groundbreaking digital advertising tax, ruling that it contravenes the federal Internet Tax Freedom Act. This decision represents…
Alissa Gipson, a seasoned Senior Counsel at Chamberlain Hrdlicka, recently shared her insights on various aspects of the taxation landscape and her career journey. Her experience in tax law has positioned her well to address some pressing issues facing the profession today. Gipson’s expertise provides a valuable perspective for legal professionals navigating complex tax regulations….
The evolving landscape of cryptocurrency regulation continues to present challenges for crypto brokers, especially in the realm of taxation. Recent shifts in the tax reporting landscape demand urgent attention from brokers and investors alike. A detailed report from Bloomberg Law highlights these emerging issues, emphasizing the proactive measures brokers need to adopt in light of…
The conversation around taxing artificial intelligence as a means to provide support for displaced workers has gained traction. With automation reshaping industries, the idea is to impose levies on companies that benefit from AI technologies to support those affected by job displacement. While the intention seems promising on the surface, there is a need for…
The state of Georgia has launched a new tax court with the primary aim of simplifying the tax dispute resolution process and providing quicker outcomes for involved parties. Aimed at reducing the backlog of tax cases, this new institution seeks to offer a more streamlined and user-friendly experience for both taxpayers and legal professionals. The…
In a notable addition to its Washington office, Jones Day has recruited Jennifer Breen as a tax partner. Breen, a former partner at Morgan, Lewis & Bockius LLP, brings a wealth of experience from her time both in the private sector and as an experienced tax attorney. She is known for her expertise in navigating…
In a notable decision affecting corporate taxation, the Massachusetts Appeals Court ruled that Skechers, the global footwear company, must be taxed as a manufacturing corporation. This conclusion was reached even though the actual assembly of Skechers’ shoes takes place overseas. The court highlighted that the company’s significant involvement in all stages of production substantiates this…
As associates within major law firms consider leaving the BigLaw environment, a strategic financial plan becomes a necessity. The demanding nature of top-tier law firms often leads to burnout, prompting many young lawyers to seek career shifts. However, making such a transition without a solid financial foundation can pose significant challenges, particularly given the potentially…
Womble Bond Dickinson has expanded its capabilities in Baltimore by recruiting a prominent tax attorney from Nelson Mullins Riley & Scarborough. With this strategic hire, the firm aims to bolster its tax advisory offerings, providing enhanced services to its clients in the region. The new addition, whose expertise lies in complex tax matters, is anticipated…
As artificial intelligence (AI) continues to reshape various sectors, concerns about economic inequity are intensifying. Recent discussions have emerged around the possibility of increasing corporate tax rates as a measure to counter AI-induced disparities. These dialogues emphasize how AI technologies, while driving efficiency and boosting innovation, may also exacerbate economic inequalities. According to an analysis…
In the wake of being defrauded, many scam victims are finding themselves further burdened by substantial tax demands from the Internal Revenue Service (IRS). This additional financial pressure is amplifying their distress and compounding their already significant trauma. According to a report by Bloomberg Law, victims are being held liable for taxes on funds they…
The recent ruling by the US Tax Court on cryptocurrency staking has left many legal experts and crypto investors seeking clarity. This case was closely watched, yet the decision provides limited guidance on the tax implications of staking income, a rapidly growing aspect of the cryptocurrency landscape. The core of the case revolves around Jarrett…
The 2022 midterm elections have ushered in significant financial activity within lobbying firms, as companies increasingly funnel substantial resources into their efforts to sway political outcomes. This influx of funds highlights a marked increase in political engagement from the corporate sector, eager to influence legislative priorities in a heavily polarized landscape. Lobbyists in Washington are…
The United Nations has sounded the alarm over the role of Sudan’s war economy in sustaining the prolonged and violent conflict between the Sudanese military and the Rapid Support Forces (RSF). The conflict is being funded by revenues from commodities such as gum arabic, a key export essential in global markets for cosmetics and pharmaceuticals….