Tax Law | JD Supra Legal News, Updates, Analysis, & Information

CJEU Ruling in Santander: Withholding Tax on Dividends Distributed to Non-Resident UCITS Infringes EU Freedoms

by McDermott Will & Emery on 5/21/2012

On 10 May 2012, the Court of Justice of the European Union (CJEU) issued its judgment in Santander (joined cases C-338/11 to C-347/11), stating that the French legislation that imposes a withholding tax on French-sourced...more

Tax Evasion Case of 5 Restaurant Owners

by Darrin Mish, Tampa Tax Attorney on 5/21/2012

The 5 owners of the Nifty Fifty’s chain of restaurants were charged by the IRS for tax evasion, according to US Attorney Zane Memeger. The case was announced by Memeger, IRS Acting Special Agent in Charge Akeia Connor with...more

Commerce Department Proposes Tariffs on Chinese Solar Panels

by Lewis and Roca LLP on 5/21/2012

Yesterday, the U.S. Commerce Department proposed tariffs of at least 31% on solar panels imported from China. The preliminary ruling found that Chinese manufacturers have been illegally "dumping" solar panels on the U.S....more

IRS Zeroing in on Auditing Ivy League Schools

by Darrin Mish, Tampa Tax Attorney on 5/21/2012

The IRS has been probing more than 30 state schools and private nonprofit schools such as Harvard University in its latest efforts to ensure tax compliance. The latest blue chip university to be investigated is Cornell...more

Incentives for Offshore Voluntary Disclosure Initiative

by Sanford Millar on 5/21/2012

For most U.S. taxpayers who have undeclared foreign financial accounts entering the Offshore Voluntary Disclosure Initiative of 2012 (OVDI) is appropriate. Many people have contacted me and have decided not to enter the OVDI...more

Reuters: Corporations Face Long Odds in Tax Cases Heard by the United States Supreme Court – Situation Brighter in Canada

by Fraser Milner Casgrain LLP on 5/21/2012

Reuters recently reported a study showing that corporations face very long odds in tax appeals heard by the United States Supreme Court. There were 919 income tax cases in the Supreme Court of the United States from 1909 to...more

Need More Than One Taxpayer Identification Number–Too Bad For You!

by Charles (Chuck) Rubin on 5/21/2012

Taxpayers are requiring to have a taxpayer identification number to file returns and provide to payors, so that their tax data can be adequately tracked and reported. While most U.S. individuals will use their social security...more

Nuts and Bolts of Limited Partnerships

by Doron Eghbali on 5/17/2012

Limited Partnerships are one of the forms of entities available to form in California. Limited Partnership offers limited partners limited liability to the extent of their investment in the business. Nonetheless, Limited...more

Are the November State Tax Initiatives worrying you about going for a local school bond or parcel tax election? Teleconference on...

by Orrick, Herrington & Sutcliffe LLP on 5/17/2012

Presentation Outline: - Section 1: Navigating the School Bond Environment • Current Political Climate • School Finance Practices Under Scrutiny • What about the November State Tax Initiatives? • Opportunities to...more