Tax

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Latest News in Tax

  • April 28, 2025

    Feds No Longer Want Convicted Ex-Ill. Speaker To Forfeit $3M

    The federal government has reversed course on a bid for former Illinois House Speaker Michael Madigan to forfeit more than $3 million in the wake of his partial conviction on public corruption, saying it stands by its legal arguments but was backing off as "a matter of discretion."

  • April 28, 2025

    China Doesn't Need US Grains, Seed Oils, State Planner Says

    China doesn't need to import grains and seed oils from the U.S. because it can source them domestically or internationally, an official from the country's state planning commission said Monday about the most valuable category of U.S. exports to China.

  • April 28, 2025

    China Says No Tariff Negotiations Underway With US

    China is not currently negotiating with the United States on tariffs, and President Xi Jinping has not spoken to President Donald Trump on the phone recently, a spokesperson for China's foreign ministry said Monday.

  • April 28, 2025

    NY Tax Talk: Sourcing, Retroactivity, Information Services

    Attorneys at Eversheds Sutherland examine recent decisions by New York’s Tax Appeals Tribunal, Division of Taxation and Court of Appeals on location sourcing of broker-dealer receipts, a case of first impression on the retroactive application of Corporate Franchise Tax regulations and when fees for information services are excluded from taxation.

  • April 28, 2025

    Colo. House Panel OKs Axing Deduction For Free Sports Bets

    Colorado would eliminate a tax deduction for sports betting operators for free bets placed by players under a bill approved by the state House Appropriations Committee.

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