TAX LAW
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Argentina judge charges vice president in corruption case
June 28, 2014
Argentine federal judge Ariel Lijo on Friday charged Amado Boudou with bribery and abusing his position in negotiations with the objective of obtaining benefits for himself and others. Boudou is accused of conducting business incompatible with Articles 256, 258 and 265 of the Argentine penal code. A....... [more]

Former Madoff accountant pleads guilty to aiding in scheme
June 26, 2014
A former accountant for Bernard Madoff pleaded guilty Tuesday to charges connected to Madoff's multibillion dollar Ponzi scheme. Paul Konigsberg, a 78-year-old former senior tax partner at Konigsberg Wolf & Co and the last defendant in the Madoff prosecutions, pleaded guilty to one count of cons....... [more]

Supreme Court limits taxpayers' ability to fight IRS summons
June 19, 2014
The US Supreme Court ruled unanimously Thursday in United States v. Clarke that a taxpayer can only question Internal Revenue Service (IRS) officials about their reasons for issuing a summons when he can "point to specific facts or circumstances plausibly raising an inference of bad faith." The cas....... [more]

Supreme Court rules on retirement funds in bankruptcy case
June 12, 2014
The US Supreme Court ruled unanimously Thursday in Clark v. Rameker that funds held in inherited individual retirement accounts (IRAs) are not "retirement funds" for bankruptcy purposes. Section 522 of the Bankruptcy Code exempts tax-exempt retirement funds from the bankruptcy estate. In October 201....... [more]

Chile court ends 10-year Pinochet embezzlement investigation
June 1, 2014
A Chilean court on Friday said that it has completed the 10-year investigation into the origin of former Chilean dictator Augusto Pinochet's fortune and his suspected embezzlement of public funds. In an unanimous decision, an an appeals court in Santiago closed the investigation, allowing Judge Manu....... [more]

Supreme Court to rule in Maryland income tax case
May 27, 2014
The US Supreme Court on Tuesday granted certiorari in Comptroller v. Wynne to determine whether the US Constitution prohibits a state from taxing all the income of its residentsówherever earnedóby mandating a credit for taxes paid on income earned in other states. Maryland allows such a cr....... [more]

Credit Suisse pleads guilty to criminal charge in DOJ tax investigation
May 20, 2014
Swiss bank Credit Suisse pleaded guilty Monday to a criminal charge for its role in helping Americans avoid taxes, according to a speech from US Attorney General Eric Holder. Credit Suisse will pay a $2.5 billion financial penalty to the Department of Justice (DOJ), the Internal Revenue Service (IR....... [more]

Pennsylvania governor drops appeal defending voter ID Law
May 10, 2014
Pennsylvania Governor Tom Corbett announced Thursday that the Office of General Counsel will not pursue an appeal in defense of the Commonwealth's voter identification law. The law, passed in March 2012, required all voters to submit a government issued photo ID in order to vote in all elections. Th....... [more]

Supreme Court hears arguments on IRS summons, contaminated well water
April 23, 2014
The US Supreme Court heard oral arguments in two cases Wednesday. In United States v. Clarke the court heard arguments on whether an unsupported allegation that the Internal Revenue Service (IRS) issued a summons for an improper purpose entitles an opponent to an evidentiary hearing to question IRS....... [more]

A New Approach to Marijuana Regulation: In Support of a Potency Tax
April 17, 2014
JURIST Guest Columnist W. David Ball of Santa Clara School of Law argues that the recent trend of states and cities?most recently in Washington, DC?to pass legislation decriminalizing marijuana is a step in the right direction, but does not go far enough towards elevating the problems an....... [more]

Court Backs IRS in Fight Over the Tax Treatment of Severance
April 15, 2014
JURIST Guest Columnist William Hays Weissman of Littler Mendelson analyses the Supreme Court's recent ruling that tax refunds were unavailable for severance packages... In US v. Quality Stores, Inc., the Supreme Court once again backed the Internal Revenue Service's (IRS) interpretation of tax law....... [more]




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