In an intricate dance between legal brilliance and fiscal strategy, U.S.-based law firms operating in London have navigated complex tax structures that have inadvertently thwarted the U.K. government’s taxation aspirations. This issue has come to light through an investigation which details how these firms employ varied corporate models, complicating any efforts for a uniform tax…
In recent developments affecting corporate legal departments, several key issues have emerged that warrant attention. The National Labor Relations Board (NLRB) has undergone significant policy shifts. Acting General Counsel Cowen rescinded 29 prior general counsel memoranda, aiming to streamline operations and address the growing backlog of cases. This move reflects a strategic effort to focus…
In a significant addition to its legal team, Greenberg Traurig has announced the hiring of Christopher Unterseher as a tax and philanthropy lawyer in its New York office. Unterseher, known for his expertise in complex tax structures and charitable planning, brings a wealth of experience to the firm as it continues to expand its capabilities…
The rapidly evolving landscape of digital services taxation is facing added complexity due to advancements in artificial intelligence (AI). As governments increasingly target global companies with digital service taxes (DSTs), staying compliant has become a formidable challenge. The integration of AI in financial systems offers both opportunities and obstacles, demanding a re-evaluation of current compliance…
NYU Law Tax Professor Gregg Polsky has joined Gunther as Of Counsel, bringing with him a wealth of expertise in tax law and policy. Polsky, who is well-regarded for his scholarly work and practical insights, is expected to significantly enhance the firm’s capabilities in handling complex tax-related matters. Polsky’s academic career spans several prestigious institutions,…
Kirkland & Ellis has announced the addition of Jonathan Macke as a new partner in their Tax Practice Group. Macke, an accomplished tax attorney, joins the firm from Morgan, Lewis & Bockius LLP, where he was instrumental in advising clients on a variety of tax-related matters. The appointment of Macke is strategically significant for Kirkland…
Akin has announced the hiring of Richard Wright as a new tax partner in its New York office, bolstering its capabilities in complex tax matters. Wright, a seasoned expert in corporate taxation, will be bringing his extensive experience to Akin, having previously worked with renowned firms specializing in tax law. Richard Wright’s move to Akin…
On November 5, the Supreme Court heard oral arguments in the contentious case challenging President Donald Trump’s authority to levy broad tariffs through a series of executive orders enacted in 2025. As is frequently the case with high-stakes litigation, the court’s ruling will be pivotal for U.S. importers burdened with substantial monthly tariff payments. However,…
The evolving landscape of cryptocurrency in corporate environments is increasingly bringing general counsel to the forefront of strategic decision-making. As companies delve into digital assets for varied uses such as payments, treasury management, and other operational functions, the involvement of legal departments is becoming pivotal. Notably, a guide released by Foley & Lardner highlights this…
Kalshi, a burgeoning player in the prediction market sector, has recently made headlines with the strategic hiring of a former Amazon policy expert to establish a new Washington, D.C., office. This move indicates Kalshi’s aim to strengthen its regulatory and policy engagement in the U.S. capital. The hiring comes as part of the company’s efforts…
Eversheds Sutherland has announced the return of a former partner to its Washington, D.C.-based tax group. After departing the firm for a significant role as special counsel with the Internal Revenue Service (IRS), the attorney has rejoined as a partner, bringing valuable experience back to the firm. The attorney’s tenure with the IRS provided him…
Atlanta-rooted firms King & Spalding and Alston & Bird are seeing significant surges in lobbying revenue in Washington, D.C., during 2025. These firms, which are part of the wider trend observed in Big Law, have capitalized on lobbying efforts focusing on Congress and the White House. The notable increase comes amid a political landscape where…
Davis Polk & Wardwell LLP has announced the addition of Brian Grieve as a partner in its New York tax practice, a move that emphasizes the firm’s focus on bolstering its capabilities in an ever-evolving tax landscape. Grieve, a seasoned tax attorney, brings a wealth of experience to the firm, particularly in areas related to…
In the realm of mergers and acquisitions (M&A), simplified tax models often serve as a double-edged sword. While they streamline processes and promise efficiency, these models can inadvertently mask the nuanced risks associated with liquidity and taxation, which are critical to securing the best outcomes in complex M&A transactions. The necessity for thorough evaluations becomes…
The recent shifts in enforcement strategies by the United States Securities and Exchange Commission (SEC) and the Internal Revenue Service (IRS) have sparked diverse reactions among legal professionals and corporate executives. Despite potential perceptions of reduced oversight, experts emphasize that these changes are not an invitation for relaxed compliance measures. Instead, conscientious adherence to regulations…
The U.S. Court of Appeals for the Eighth Circuit has overturned a previous decision regarding the application of self-employment taxes, broadening the scope for what income may fall under these tax obligations. This decision changes how certain forms of income are evaluated under self-employment tax laws, affecting many independent contractors and small business owners. Read…
As legal professionals gear up for a new term, a Supreme Court case stands out among the pivotal state and local tax issues to monitor. The case, which addresses the power of states to tax entities based on their economic presence, could have significant implications for businesses nationwide. This issue arises from changes in economic…
In a development that has stirred shockwaves through the legal community, a former tax partner from Duane Morris LLP’s Chicago office has been charged with the murder of his wife. This charge comes a little over a year after the tragic incident, according to an announcement made by Illinois prosecutors on Tuesday. The legal professional,…
“`html The intersection of age-verification laws and the broader debate around internet regulation has taken a new turn with a proposed bill in Utah. Republican state senator Calvin Musselman introduced legislation aimed at levying a 7 percent tax on revenue from pornographic websites operating within the state. This proposal, which is part of a broader…
The legal tensions surrounding California’s proposed wealth tax have escalated with high-profile attorney Alex Spiro issuing a warning to Governor Gavin Newsom. The correspondence cautions against the implementation of a tax that targets wealth accumulation, threatening potential legal action to challenge its constitutional viability. This development reflects broader concerns among the affluent and corporate stakeholders…
The landscape of federal tax regulations continues to evolve, presenting both challenges and opportunities for businesses and legal professionals. As we move through 2025, several key insights have emerged, reflecting changes in policy, enforcement, and compliance requirements. Here are the top five federal tax insights that are shaping the legal and business environments this year….
In a significant development in the legal proceedings against Tom Goldstein, publisher of SCOTUSblog, a successful pretrial motion has been filed by his defense team, which prevents federal prosecutors from presenting certain evidence. Goldstein, who had been facing accusations of employing sham employees at his former litigation boutique, Goldstein & Russell, to allegedly lower his…
In a strategic move to enhance its tax expertise, Taft Stettinius & Hollister LLP has announced the addition of a 10-member tax team headed by partner Gina Staudacher. This expansion aligns with the firm’s commitment to broadening its capabilities in handling complex taxation matters for its clientele, which includes large corporations and notable entities in…
In the dynamic landscape of U.S. taxation, a new development labeled as the “Trump Overtime Tax Break” has stirred significant discussion. This initiative, although appearing beneficial on the surface, has been critiqued by various legal experts as more of a political slogan than genuine fiscal relief. According to coverage by Bloomberg Law, the policy primarily…
The recent debate around the corporate minimum tax highlights a critical aspect of corporate responsibility that major corporations cannot sidestep. The idea behind the corporate minimum tax is to ensure that even the most profitable businesses contribute something to the public coffers. This concept gained traction following revelations that several large companies paid little to…