Wednesday, December 6, 2017

TOP NEWS

Analysis

House's Complex Pass-Through Tax Plan Expected To Fizzle

As the House and Senate prepare to reconcile their vastly different proposals for taxing pass-through enterprises, practitioners anticipate that the more complex House plan, favoring capital-intensive businesses and passive investors, ultimately will get ditched for the more labor-friendly Senate version. Read more »

EU Releases 'Blacklist' Of Tax Havens, Including South Korea

The European Union's Economic and Financial Affairs Council released Tuesday a list of 17 nations it says are "uncooperative on tax matters," opening them to possible economic sanctions. Read more »

Tax Pro Sees Threat To Global Tax Break From Senate Patch

An 11th-hour addition to the Senate's tax overhaul could threaten a key Republican goal with tax reform — ending the worldwide taxation of U.S. companies — according to a leading tax practitioner. Read more »

Calif. Town Telephone Tax Constitutional, Appeals Court Says

A California state appeals court affirmed a Los Angeles County court decision Monday, confirming the constitutionality of the city of Norwalk’s 5.5 percent tax on various types of telephone services. Read more »

Tax Preparers Sanctioned For Behavior, Mocking Discovery

A Florida federal magistrate judge on Monday sanctioned two tax return preparers and their companies after the U.S. last month accused them of mocking the discovery process and signing documents with a curse word in the government’s case accusing them of filing false federal tax returns. Read more »

FEDERAL

GOP Tax Bill Likely To Ax ACA Mandate, Rep. Brady Says

Top House Republican tax writer Kevin Brady, of Texas, said Tuesday the finalized version of the GOP tax bill making its way through Congress will more than likely get rid of the Affordable Care Act’s individual mandate. Read more »

STATE & LOCAL

Tax Bill Likely To Yield Wave Of State Laws, Experts Say

As sweeping federal tax changes move closer to becoming law, a panel of experts warned Tuesday that the effects on state and local budgets are likely to result in a flood of state legislation to reduce negative impacts. Read more »

NJ Panel Backs Profit-Sharing Deal In Foreclosure Case

The New Jersey Appellate Division on Tuesday clarified in a published opinion that state tax sale law allows for a third-party investor to enter into a profit-sharing agreement with the owner of a property facing foreclosure as long as the investment is significant. Read more »

INTERNATIONAL

EU Adopts Rules To Revamp VAT System For Online Sales

The Council of the European Union on Tuesday adopted regulations to overhaul its antiquated value-added tax system so that certain online sales from countries outside the EU no longer will be exempt from the tax and to reduce compliance costs for businesses. Read more »

LEGAL INDUSTRY

Pro Bono Spotlight

MoFo Helps Defeat 2nd-Trimester Abortion Law In Texas

Morrison & Foerster LLP helped abortion clinics and providers reach a pro bono victory in late November when a U.S. district judge ruled that a Texas law restricting the most common second-trimester abortion practice in the country is unconstitutional. Read more »

Litigation Boutiques Match, Exceed Cravath Scale Bonuses

A pair of litigation boutiques have revealed that their associates would receive year-end bonuses that either matched or exceeded the market scale established by Cravath Swaine & Moore LLP, which has remained the standard among many BigLaw firms. Read more »

Hackers Cite Roy Moore Scandal In Law Firm Snoop Scheme

Chinese hackers tried to spy on attorneys and snatch secret files from three multinational law firms by luring lawyers with phishing emails citing the uproar over Alabama Senate candidate Roy Moore, cybersecurity researchers said Tuesday. Read more »

Fla. Judicial Panel Offers Sens. 4 Names For District Seats

Florida's federal judicial nominating commission on Monday sent the names of four potential nominees — two trial court judges and two appellate judges — to the state's U.S. senators for the three vacancies on the Middle District of Florida bench. Read more »

Series

My Supreme Court Debut: 2 Moots And A Sweet Celebration

In my first argument at the U.S. Supreme Court, and each one thereafter, I stood up only after having been intensively questioned by my colleagues and having received their insights, advice and reactions, says Ginger Anders of Munger Tolles & Olson LLP. Read more »

JOBS
Search full listings or advertise your job opening

Listen to our new podcast here

LAW FIRMS

Akin Gump

Allen & Overy

Cadwalader Wickersham

COMPANIES

Microsoft Corporation

New York University

Planned Parenthood Federation

PricewaterhouseCoopers

GOVERNMENT AGENCIES

Federal Bureau of Prisons

Internal Revenue Service

Judicial Conference of the United States

Texas Attorney General's Office

Texas State Senate

U.S. Copyright Office

U.S. Department of Justice

U.S. Senate

U.S. Supreme Court

Not sure if your firm subscribes? Ask your librarian.

We hope you found this message to be useful.
However, if you'd rather not receive future emails of this sort,
you may unsubscribe here.

Please DO NOT reply to this email. For customer support inquiries, please call 1-646-783-7100 or visit our Contact Us page.

Law360 | Portfolio Media, Inc, 111 West 19th Street, 5th Floor, New York, NY 10011