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Russia Says DC Circ. Ruling Erodes $5B Award To Yukos

by usoftax_admin | Sep 9, 2024 | Tax News

A recent D.C. Circuit ruling that Spain must comply with $395 million in arbitration awards awarded to Yukos Oil’s financing arm undermines the company’s $5 billion claim against Russia because the country, unlike Spain, never ratified the international...

Owner Of Mass., NH Eateries Cops To $2M Tax Fraud

by usoftax_admin | Sep 9, 2024 | Tax News

The owner of three restaurants in Massachusetts and New Hampshire has pled guilty to failing to pay approximately $2 million in employment and state and local meals taxes over a six-year period, the U.S. attorney’s office in Massachusetts announced Monday.

Tax Court’s Take Shouldn’t Loom Over Kyocera Case, US Says

by usoftax_admin | Sep 9, 2024 | Tax News

The U.S. Tax Court’s opinion that allowed a company to treat a gross-up for taxes paid by its foreign subsidiaries as a dividend received goes against what Congress intended and shouldn’t be applied to Kyocera’s similar claims, the U.S. Department...

Bradley Arant Adds Katten Partner In Dallas

by usoftax_admin | Sep 9, 2024 | Tax News

Bradley Arant has hired a six-and-a-half-year veteran of Katten Muchin Rosenman LLP who is joining the firm’s corporate and securities practice in Dallas as a partner.

How Methods Are Evolving In Textualist Interpretations

by usoftax_admin | Sep 9, 2024 | Tax News

Textualists at the U.S. Supreme Court are increasingly considering new methods such as corpus linguistics and surveys to evaluate what a statute’s text communicates to an ordinary reader, while lower courts even mull large language models like ChatGPT as...

IRS Vulnerability Disclosure Policy Needs Fix, TIGTA Says

by usoftax_admin | Sep 9, 2024 | Tax News

The Internal Revenue Service implemented a vulnerability disclosure policy intended to help maintain the security integrity of its systems, but it is lacking several federally required items, the Treasury Inspector General for Tax Administration said Monday.
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