Return-Path: Received: from vps.transocean.com by vps.transocean.com with LMTP id cKdHBcLRPFr2IwAAInt2oQ ; Fri, 22 Dec 2017 01:34:58 -0800 Return-path: Envelope-to: bruce@transocean.com Delivery-date: Fri, 22 Dec 2017 01:34:58 -0800 Received: from o4.mailings-q.law360.com ([167.89.1.233]:11673) by vps.transocean.com with esmtps (TLSv1.2:ECDHE-RSA-AES128-GCM-SHA256:128) (Exim 4.89_1) (envelope-from ) id 1eSJj5-0002Ov-JP for bruce@transocean.com; Fri, 22 Dec 2017 01:34:58 -0800 DKIM-Signature: v=1; a=rsa-sha1; c=relaxed/relaxed; d=law360.com; h=from:to:subject:mime-version:content-type:content-transfer-encoding; s=s1; bh=X6SeBtPxSh0XNpkB1fpTcjoVeBA=; b=u/e8NUwzD7hcdfFhB6RAFmr KCCJ2FvJWKW7DeFd92gT6IzfVoT7ojTgTLFUJffwRnkA4GL1wvpK0PLdSwMwYkoe yfPLbM5KxmFvCMXllK/ZyqIOtARjIgtHR9KpGBfbcLYuLagtq3AawPftvH/TDP2Z WrBM4vXnVLWZxqBnVHTo= Received: by filter0532p1mdw1.sendgrid.net with SMTP id filter0532p1mdw1-2866-5A3CD18E-B 2017-12-22 09:34:06.452148998 +0000 UTC Received: from www.law360.com (ec2-54-84-241-164.compute-1.amazonaws.com [54.84.241.164]) by ismtpd0010p1iad2.sendgrid.net (SG) with ESMTP id 8loyzFmTSjuFJtmXz5IEDw for ; Fri, 22 Dec 2017 09:34:06.339 +0000 (UTC) Date: Fri, 22 Dec 2017 09:34:06 +0000 (UTC) From: Tax Law360 To: bruce@transocean.com Message-ID: <5a3cd18e3412e_3f512b20d7af2f5860945a@ip-172-30-200-183.mail> Subject: Tax Bill Tops Trump's Year One Legislative Victories Mime-Version: 1.0 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: 7bit X-SG-EID: Opio7iv9VGQ4tDJiJszIh3zd7qYkeM6M7FLocQY/BAUocs8AWpHmOruiv2PoK0o4Pv9xWocZG9crDv lj9MzajL8WbyRxeEneFbkXhHEGhGP2rm93qUQzFSHqnHHBQwbI6o3L/vrCEg2DwpflKChxUMpvVmeY MqS9HSta1F1mW31fwmI/XJ74BEdai3th0bGf72L2tOjJYDZAiDzUzTLzyA== X-Spam-Status: No, score=1.9 X-Spam-Score: 19 X-Spam-Bar: + X-Ham-Report: Spam detection software, running on the system "vps.transocean.com", has NOT identified this incoming email as spam. The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: President Donald Trump's efforts in Congress this year hit a high point Wednesday with the passage of a sweeping tax overhaul, but that came after several speedbumps and intraparty squabbles that experts said aren't likely to make his sophomore year any easier. TAX [...] Content analysis details: (1.9 points, 3.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URIs: law360.com] -0.0 RCVD_IN_MSPIKE_H3 RBL: Good reputation (+3) [167.89.1.233 listed in wl.mailspike.net] -0.0 SPF_PASS SPF: sender matches SPF record -0.0 T_RP_MATCHES_RCVD Envelope sender domain matches handover relay domain 0.0 HTML_FONT_LOW_CONTRAST BODY: HTML font color similar or identical to background 0.0 HTML_MESSAGE BODY: HTML included in message 0.7 MIME_HTML_ONLY BODY: Message only has text/html MIME parts -0.0 BAYES_40 BODY: Bayes spam probability is 20 to 40% [score: 0.3727] 1.1 KAM_REALLYHUGEIMGSRC RAW: Spam with image tags with ridiculously huge http urls 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid 0.0 T_DKIM_INVALID DKIM-Signature header exists but is not valid 0.0 LOTS_OF_MONEY Huge... sums of money -0.0 RCVD_IN_MSPIKE_WL Mailspike good senders X-Spam-Flag: NO
President Donald Trump's efforts in Congress this year hit a high point Wednesday with the passage of a sweeping tax overhaul, but that came after several speedbumps and intraparty squabbles that experts said aren't likely to make his sophomore year any easier.
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TOP NEWS

Analysis

Tax Bill Tops Trump's Year One Legislative Victories

President Donald Trump's efforts in Congress this year hit a high point Wednesday with the passage of a sweeping tax overhaul, but that came after several speedbumps and intraparty squabbles that experts said aren't likely to make his sophomore year any easier. Read more »

SD Tax Case Set For Early January High Court Conference

The U.S. Supreme Court has scheduled South Dakota v. Wayfair for conference on Jan. 5, so the tax world may know on Jan. 8 whether the court is willing to consider scrapping the physical presence test for collection and remittance of state use tax. Read more »

Congress Passes Temporary Funding, Avoids Shutdown

Congress passed legislation Thursday to avoid a federal government shutdown over the holidays, dodging contentious issues such as immigration in a bill that would allow spending to continue through Jan. 19. Read more »

Prepay Property Taxes To Beat New Deduction Cap, DC Says

Elected officials in Washington, D.C., are encouraging residents to prepay their 2018 property taxes before the end of this year, in what looks to be the first municipal effort specifically designed to circumvent changes in the new Republican tax legislation. Read more »

MVP: Skadden's Raj Madan

Raj Madan, a federal tax litigator at Skadden Arps Slate Meagher & Flom LLP, has landed a spot as one of Law360's 2017 Tax MVPs for helping win a high-profile $1.5 billion transfer pricing row on behalf of Amazon.com Inc. and convincing the U.S. Tax Court that the IRS had erred in canceling advance pricing agreements with Eaton Corp. Read more »

FEDERAL

'Jersey Shore' Star Loses Bid To Delay Trial On Tax Crimes

“Jersey Shore” star Michael “The Situation” Sorrentino can’t push back his February trial on tax-related charges, a New Jersey federal judge ruled Wednesday, despite the reality TV personality’s counsel’s professed conflicts with other trials. Read more »

5th Circ. Rejects Ranchers’ Tax Appeal For Cattle Losses

A Fifth Circuit panel on Wednesday upheld a U.S. Tax Court ruling that agreed with the Internal Revenue Service’s determination that Texas taxpayers wrongfully reported a corporate loss from their cattle ranch company on their personal tax returns, noting "inconsistent" theories of what the ranching company did "changed greatly" between the taxpayers’ Tax Court and appeals court claims. Read more »

Race Car Driver Convicted In Loan Scheme Faces Tax Charges

Scott Tucker, a professional race car driver who was convicted earlier this year on charges related to his $2 billion payday loan empire, was hit with tax fraud charges in Kansas federal court on Wednesday. Read more »

Senate's Extenders Bill Prolongs Targeted Tax Benefits

Senate Finance Committee Chairman Orrin G. Hatch, R-Utah, introduced a bill Wednesday that would renew expiring tax breaks that benefit the renewable energy industry, Native Americans and other groups. Read more »

Seafood Refiner Co-Owner Admits Tax Evasion, Ducks Fraud

The co-owner of a major New England seafood processor pled guilty on Thursday to evading about $1 million in taxes, but escaped steeper charges in what federal prosecutors called an extensive scheme involving three other executives, their wives and five shell companies to conceal millions of dollars in income. Read more »

Second Judge Halts Trump's ACA Birth Control Waiver Rules

A California federal judge on Thursday dealt another setback to the Trump administration’s rules permitting employers to claim religious or moral exemptions to the Affordable Care Act’s contraception mandate, ordering a temporary halt to their implementation less than a week after a federal judge in Pennsylvania did the same. Read more »

STATE & LOCAL

Texas Comptroller Announces 2018 Tax Amnesty Program

Texas’ comptroller said Thursday some Lone Star state taxpayers will be allowed to come clean about their unpaid state tax liabilities without paying interest or penalties for about two months next year. Read more »

INTERNATIONAL

German Anti-Fraud Tax Rule Too Broad, EU's Top Court Rules

Germany’s anti-abuse rule that denies withholding tax exemptions on dividend payments that German subsidiaries make to their parent companies in different countries is too overreaching to comply with European Union law, the EU’s high court concluded on Wednesday. Read more »

EXPERT ANALYSIS

The Most Important State And Local Tax Cases Of 2017

This year, states and taxpayers sought guidance from state courts on some of the most contentious state tax issues, including attacks on the physical presence nexus requirement, aggressive application of economic nexus principles and continued uncertainty around related-party addback exceptions and retroactive tax legislation, say Jeffrey Friedman and Stephanie Do of Eversheds Sutherland LLP. Read more »

Spoliation Scrutiny: Disparate Standards For Distinct Mediums

Two years ago, Federal Rule of Civil Procedure 37(e) was amended to provide a clearer road map for courts analyzing whether to permit sanctions for the spoliation of evidence. Yet there is still no specific guidance for when a sanctions request relates to electronically stored and nonelectronically stored information, says Skadden associate Robin Shah. Read more »

LEGAL INDUSTRY

Analysis

5 Events That Rocked The Legal Industry In 2017

From increasing stratification among law firms to the growing threat of cyberattacks, here are some of the major events that shaped the legal industry in 2017. Read more »

Analysis

Kozinski's Exit Escalates Fight Over 9th Circ. Seats

Judge Alex Kozinski's retirement from the Ninth Circuit this week amid allegations he behaved inappropriately adds another vacancy to the high-profile appellate court, which was already a battleground in the ongoing struggle over President Donald Trump’s drive to put his stamp on the federal judiciary. Read more »

Clerks Urge Chief Justice To Tackle Sexual Harassment

A group of 695 current and former clerks and law professors sent a petition late Wednesday requesting that judicial employee guides be revised to provide better guidance on reporting sexual harassment and urged Chief Justice John Roberts to reassure individuals considering reporting misconduct that there will be no retaliation. Read more »

Skadden Announces Expanded Parental Leave Policy

Skadden Arps Slate Meagher & Flom LLP announced on Wednesday that it would expand its parental leave policy, offering new mothers and fathers up to 12 weeks of paid leave following a birth or adoption, joining the growing number of BigLaw firms that have recently enhanced their offerings to potential parents. Read more »

ABA Aims For Uniformity In Lawyer Ad Model Rule Changes

The American Bar Association on Thursday proposed changes to lawyer advertising in the Model Rules of Professional Conduct, with a focus on provisions related to false and misleading “communications” and solicitations by those in the law profession, according to a press release from the legal organization. Read more »

GC Cheat Sheet: The Hottest Corporate News Of The Week

President Donald Trump and Republican lawmakers took a victory lap with the passage of the GOP tax cut bill, an associate producer for a Netflix series filed the latest sexual assault lawsuit against movie mogul Harvey Weinstein and Trump signed a bill to buttress tribal training and jobs. These are some of the top stories in corporate legal news you may have missed this week. Read more »

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