Tax Law and International Tax Law

Following our prior alert on the House Ways & Means Committee version of the One Big Beautiful Bill Act ("OBBBA"), the House passed its version of the OBBBA ("House Bill") on May 22, 2025, and on June 17, 2025 the Senate Finance Committee ("Senate Finance") released its own proposed version of the legislation.

On June 16, 2025, the Senate Finance Committee released its own version (Senate Version) of the tax provisions of H.R. 1, entitled the "One Big Beautiful Bill Act," which the U.S. House of Representatives passed on May 22, 2025.

As the Republican's self-imposed July 4th deadline for the One Big Beautiful Bill Act ("OBBBA") nears, attention is focused on the Senate Parliamentarian, who is determining which provisions procedurally...

The U.S. Tax Court recently issued an opinion in AbbVie Inc. v. Commissioner, Docket No. 2597-23, allowing the approximately $1.6 billion "Break Fee" paid by AbbVie to be treated as an ordinary and necessary business expense under...

In an announcement that had been anticipated for the past few days and will be welcomed by many industry stakeholders, U.S. Treasury Secretary Scott Bessent said late on June 26, 2025, that he has asked leaders...

Senate Draft of BBB Would Standardize and Reduce Value of 45Q Credit, Diminishing Incentives for Long-Term Carbon Storage...

The Obama administration submitted a budget proposal on Feb. 13 with trillions of dollars in proposed tax changes. The tax platform in the budget proposal is largely an amalgamation of provisions from earlier legislative initiatives and previous budgets, but it does include several significant new proposals affecting high-income individuals and multinational taxpayers.

On February 14, 2011, the Obama Administration Fiscal Year 2012 Budget and the Department of the Treasury "General Explanations of the Administration’s FY2012 Revenue Proposals" (the "Budget") were released.

The fiscal 2012 state budget proposed by Governor Malloy includes a provision to increase the resident user fee (provider tax) for nursing homes.

The Florida legislature has passed a bill that would end the data center sales tax exemption for existing data centers with a critical IT load of less than 100 megawatts (MW), effective Aug. 1, 2025.

Today's creators need to view themselves as both businesses and creatives. Whether you are a YouTuber, Instagrammer, painter, digital artist, photographer, website designer, or any type of artist or influencer...

Following our prior alert on the House Ways & Means Committee version of the One Big Beautiful Bill Act ("OBBBA"), the House passed its version of the OBBBA ("House Bill") on May 22, 2025, and on June 17, 2025 the Senate Finance Committee ("Senate Finance") released its own proposed version of the legislation.