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Corp. Taxes Should Match Climate Goals, OECD Paper Says

by usoftax_admin | Mar 20, 2025 | Tax News

Countries that want to reduce carbon emissions should design corporate income taxes that align with climate policy objectives, including providing incentives for clean energy investments, according to an OECD working paper released Thursday.

Firms Must Speak Up After Trump Orders: An Associate’s View

by usoftax_admin | Mar 20, 2025 | Tax News

Rachel Cohen at Skadden discusses why she is helping to organize a movement of BigLaw associates urging their firms to stand up for the rule of law after the Trump administration’s moves against Covington, Perkins Coie and Paul Weiss.

Frost Brown Adds Former Houston City Atty To Finance Team

by usoftax_admin | Mar 20, 2025 | Tax News

Frost Brown Todd LLP announced that it has hired an attorney from the ranks of Houston’s city government to strengthen its public finance group, adding his expertise in state and local government operations, taxation and economic development.

Preparing For Tariffs On Canadian Power In The Northeast

by usoftax_admin | Mar 20, 2025 | Tax News

The on-again, off-again risk of import and export tariffs on energy transactions between the U.S. and Canada may have repercussions for U.S. energy stakeholders in the ISO New England and New York Independent System Operator electricity markets — but there are options...

Texas Law Firm Fights Denial Of Captive Insurance Deduction

by usoftax_admin | Mar 20, 2025 | Tax News

A Texas law firm asked the U.S. Tax Court to find that the IRS improperly denied it a $621,000 deduction for payments it made to a captive insurance company, saying the agency wrongly accused the firm of participating in an abusive insurance arrangement.

PwC, Deloitte, KPMG Back Coke In $2.7B Dispute In 11th Circ.

by usoftax_admin | Mar 20, 2025 | Tax News

Three major accounting firms have asked the Eleventh Circuit to reverse a U.S. Tax Court decision affirming the IRS’ change to Coca-Cola’s intercompany pricing, which led to a $2.7 billion tax bill, arguing the agency’s conduct was unsupported and...
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