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7th Circ. Asked To Weigh Chevron’s End In Cubs Sale Tax Suit

by usoftax_admin | Jul 5, 2024 | Tax News

The Seventh Circuit should consider last week’s U.S. Supreme Court ruling overturning the Chevron deference doctrine to scrutinize the IRS’ claim that it has the authority to tax gains from Tribune Media Co’s sale of the Chicago Cubs, a Tribune...

Labour’s landslide UK election victory: experts call for tax simplification

by usoftax_admin | Jul 5, 2024 | Tax News

The party should aim to reduce corporation tax from 25% to 15%, one partner told ITR

Five minutes with…Jisun Choi, Skadden

by usoftax_admin | Jul 5, 2024 | Tax News

Choi, a tax partner at Skadden in the UK, tells ITR about maintaining the delicate work/life balance, learning from world history and what makes tax cool

How High Court Approached Time Limit On Reg Challenges

by usoftax_admin | Jul 5, 2024 | Tax News

The U.S. Supreme Court’s decision in Corner Post v. Federal Reserve Board effectively gives new entities their own personal statute of limitations to challenge rules and regulations, and Justice Brett Kavanaugh’s concurrence may portend the court’s...

Top Federal Tax Cases To Watch In The 2nd Half Of 2024

by usoftax_admin | Jul 5, 2024 | Tax News

In the coming months, the U.S. Treasury and the IRS will defend rules designed to go after what they consider as abusive tax practices, including the economic substance doctrine, the Corporate Transparency Act and the moratorium on employee retention tax credits....

This week in tax: PwC Australia promotes three tax partners in reduced round

by usoftax_admin | Jul 5, 2024 | Tax News

It was the firm’s first round of promotions since its tax leaks scandal; in other news, Jones Day has hired a veteran former IRS litigator
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