The lead attorney for the IRS continued to chip away on Tuesday at Coca-C= ola Co.'s argument in the U.S. Tax Court that foreign licensees were th= e entities most responsible for the company's profitability, with quest= ions to an executive that seemed intended to=C2=A0highlight contributions m= ade by the company's bottlers.

Wednesday, March 7, 2018

TOP NEWS

=09=09=09=09=09=09=09=09=09=09

=09=09=09=09 =09=09=09=09

IRS Questions Coke= 's Elevation Of Licensees Over Bottlers

The lead attorney for the IRS continued to chip away on Tuesday at Co= ca-Cola Co.'s argument in the U.S. Tax Court that foreign licensees were th= e entities most responsible for the company's profitability, with questions= to an executive that seemed intended to highlight contributions made = by the company's bottlers. Read more »

=09=09=09=09 =09=09=09=09

House Panel Chair = Favors IRS Funding To Implement Tax Law

The head of the House Appropriations subcommittee responsible for fun= ding the Internal Revenue Service on Tuesday said he supported giving the a= gency the resources it needs to carry out implementation of the new tax law= passed in December. Read more »

=09=09=09=09 =09=09=09=09

States Can Tax Remote Se= llers Despite Quill, US Says

President Donald Trump and Treasury Secretary Steven Mnuchin have fav= orably discussed it, but the nation’s top litigator made it official = on Monday: The position of the United States is that states have the author= ity to compel remote sellers to collect and remit use tax. Read more »

=09=09=09=09 =09=09=09=09

Dems Press IRS For Ans= wers On Property Tax Prepayment

A group of House Democrats penned a letter on Monday to the head of t= he IRS, demanding answers on the agency's guidance that limits deductions f= or prepaying 2018 real estate taxes and slamming the move as a “clear= case of bureaucratic overreach” during a “haphazard and sloppy= ” rollout of the federal tax overhaul. Read more »

=09=09=09=09 =09=09=09=09

Trump's Steel, Alum= inum Tariffs May Cost $9B, Analysis Says

The costs associated with the Trump administration’s announceme= nt that steel and aluminum imports will be slapped with 25 percent and 10 p= ercent tariffs will be borne by U.S. companies and eventually domestic cons= umers, with total costs potentially reaching $9 billion in 2018, according = to a Tax Foundation analysis published Tuesday. Read more »

FEDERAL

=09=09=09=09=09=09=09=09=09=09

=09=09=09=09

Analysis

Why Doesn’t Paul Manafort Cut A = Deal?

Michael Flynn, Rick Gates and others who face prosecution by Special = Counsel Robert Mueller have cut plea deals, so why hasn’t Paul Manafo= rt? White collar defense attorneys have a few ideas. Read more »

=09=09=09=09 =09=09=09=09

IRS Says Ga. Investmen= t Firm's $28M Loss Was Artificial

The Internal Revenue Service urged the Eleventh Circuit on Monday to = uphold the U.S. Tax Court’s decision to disallow nearly $28 million i= n losses claimed by a family-run investment firm in Georgia, saying the los= ses were artificially created to generate tax benefits. Read more »

=09=09=09=09 =09=09=09=09

GAO Advises Agenci= es On Aiding Retirement Account Holders

The U.S. Department of Labor needs to pressure employers to search fo= r retirement plan participants who have lost track of their savings, while = the IRS needs to clear up how participants in foreign retirement plans shou= ld report their savings, the U.S. Government Accountability Office said Mon= day. Read more »

STATE & LOCAL

=09=09=09=09=09=09=09=09=09=09

=09=09=09=09 =09=09=09=09

Amazon Will Begin Collecti= ng Pa. Sales Tax April 1

Amazon.com Inc., the world’s largest retailer, confirmed to Law= 360 on Monday that it will begin automatically calculating, collecting and = remitting sales tax in Pennsylvania starting April 1 for all transactions i= t facilitates for out-of-state sellers. Read more »

=09=09=09=09 =09=09=09=09

Calif. $16.6M Phone= Tax Settlement Inches Toward Approval

A California judge on Tuesday held off approving the city of Long Bea= ch’s $16.6 million settlement of class action claims it wrongfully ap= plied a 5 percent tax to tax-exempt telephone services, saying that althoug= h she had no concerns with the amount, she wanted to see some details tweak= ed. Read more »

INTERNATIONAL

=09=09=09=09=09=09=09=09=09=09

=09=09=09=09 =09=09=09=09

Think Tank Criticiz= es EU's Plan To Tax Digital Economy

The European Commission’s plan to tax the digital economy is ba= sed on distorted financial data that doesn’t reflect the effective co= rporate rates that many tech companies are already paying, according to a r= ecent report from a think tank in Europe. Read more »

EXPERT ANALYSIS

=09=09=09=09=09=09=09=09=09= =09

=09=09=09=09 =09=09=09=09

'IP Come home!' How= TCJA Incentivizes Asset Repatriation

Two provisions of the Tax Cuts and Jobs Act aim to keep U.S. companie= s’ intangible assets from wandering the globe in search of shelter of= fshore. For affected taxpayers, one generally brings good news and the othe= r brings bad, says Robert Kiggins of Culhane Meadows PLLC. Read more »

=09=09=09=09 =09=09=09=09

State And Local Tax Scoreboard= : 2017 In Review

3D"State Read more »

=09=09=09=09 =09=09=09=09

10 Tips For Working With IT To = Preserve Data

Increasingly, when courts impose a “legal hold” they requ= ire legal supervision of the preservation process, meaning lawyers must rel= y heavily on information technology professionals to execute the mechanics.= John Tredennick of Catalyst Repository Systems and Alon Israely of TotalDi= scovery offer insights on how legal and IT can work together to make the pr= ocess more efficient and fulfill the company’s legal obligations. Read more »

LEGAL INDUSTRY

=09=09=09=09=09=09=09=09=09=09

=09=09=09=09=09 =09=09=09=09=09

ABA Warns Attys On= Ethics Of Social Media 'Hypotheticals'

Lawyers who posit “hypotheticals” based on real client d= etails on their blogs and via Twitter risk running afoul of their duty to k= eep confidences, the American Bar Association warned Tuesday. Read more »

=09=09=09=09=09 =09=09=09=09=09

Senate Broadly Appr= oves Trump Pick For Louisiana Judge

The Senate voted to confirm President Donald Trump's pick for a Loui= siana federal judgeship Tuesday, the latest in a series of nominees to garn= er bipartisan support. Read more »

=09=09=09=09=09 =09=09=09=09=09

Mighty Raises $114M Fund For= Litigation Funders

Mighty, a technology service provider for litigation funders, is mak= ing a move into the industry’s budding secondary market, announcing o= n Tuesday that it has raised $114 million to help personal injury-focused l= itigation funders scale their businesses. Read more »

=09=09=09=09=09 =09=09=09=09=09

Recruiter Told To A= mend Simpson Thacher Search-Fee Suit

A New York federal judge has urged an attorney recruiter that accuse= d Simpson Thacher & Bartlett LLP of failing to pay a $937,500 matchmaki= ng bill to amend its complaint against the law firm, saying at a Tuesday he= aring it could narrow the dispute and get the case moving. R= ead more »

=09=09=09=09=09 =09=09=09=09=09

9th Circ. Revives = Loan Advice Suit Against Heller Ehrman

A California federal bankruptcy judge erred when he decided the rela= tionship between Heller Ehrman LLP and former client Paravue Corp. “c= onclusively terminated” in 2007 and started the clock running on Para= vue’s $20 million malpractice suit, the Ninth Circuit said Monday. Read more »

=09=09=09=09=09 =09=09=09=09=09

LSAT Test Maker In = Contempt Over Disability Compliance

A California federal judge held the Law School Admission Council in = civil contempt Monday after finding the LSAT test maker violated a settleme= nt agreement by failing to accommodate test takers with disabilities, exten= ding the agreement in question by two years and calling for two more audits= of LSAC’s compliance. Read more »

=09=09=09=09=09

Feature

ABA TechShow Tackl= es Mental Health With 12-Step Meetings

Efforts to stem the tide of mental health issues such as addiction a= mong lawyers are mounting, and an American Bar Association conference in Ch= icago this week is including 12-step meetings in its official schedule for = the first time. Read more »

JOBS
Search full listings or advertise your job opening=09=09=09

Listen to our new p= odcast here

LAW FIRMS

ComputerLaw Group LLP

COMPANIES

American Bar Associ= ation

Business = Intelligence Associates Inc.

Microsoft Corporation

North= ern Mariana Islands Retirement Fund

Spotify Technology SA

Tax Foundation

The Coca-Cola Company

Twitter Inc.

Uber Technologies Inc.

Wayfair LLC

GOVERNMENT = AGENCIES

European Commission

European Union

Federal Bureau = of Investigation

Government Acc= ountability Office

Internal Revenue Servi= ce

Pennsylvania= Department of Revenue

Pennsylvania Suprem= e Court

Securities a= nd Exchange Commission

U.S. Attorney's Offic= e

U.S. Department of = Justice

U.S. Department of Labo= r

U.S. Supreme Court

World Trade Organizati= on

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 suppo= rt inquiries, please call 1-646-783-7100 or visit our Contact Us page.

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