Paul L. Caron
Dean
Pepperdine Caruso
School of Law
Tax Daily
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Bloomberg: Netflix Tax Scrapped in Canada But Streamers Face New Levy
BThomas Seal and Melissa Shin (Bloomberg), Netflix Tax Scrapped in Canada But Streamers Face New Levy: Prime Minister Mark Carney’s government plans to scrap a levy on entertainment companies including Netflix Inc. and Walt Disney Co., according to a court filing, after pushback from US officials and Hollywood studios. But the firms behind the world’s major…
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Syracuse: Seeking Associate Teaching Professor; Clinic Director – Low Income Taxpayer Clinic
Syracuse University College of Law is seeking an associate teaching professor to direct its Low Income Taxpayer Clinic and teach tax courses: Syracuse University College of Law invites applications for the position of Associate Teaching Professor and Director of the Sherman F. Levey ’57, L’59 Low Income Taxpayer Clinic (LITC). This is a three-year contract…
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CPAacademy: RACE, WEALTH, AND U.S. TAX POLICY: WHO BENEFITS FROM AND WHO BEARS TAX BURDENS?
CPAacademy, RACE, WEALTH, AND U.S. TAX POLICY: WHO BENEFITS FROM AND WHO BEARS TAX BURDENS?: For generations, tax policy has played a significant role in shaping economic opportunity, wealth accumulation, and financial security in America. This webinar examines how key features of the U.S. tax system—including preferential treatment for inherited wealth, gifts, and capital income—have…
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Bloomberg: Amgen Settles Investor Suit Over Tax Liability for $74 Million
Gillian R. Brassil (Bloomberg): Amgen Settles Investor Suit Over Tax Liability for $74 Million: Amgen Inc. agreed to cough up $74 million to resolve allegations that the pharmaceutical giant delayed alerting investors that it may owe the IRS $10.7 billion in back taxes and penalties. The proposed settlement class includes those who acquired Amgen stock…
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Bloomberg: AMC Theater’s Valuation Was Excessive, Says Arizona Tax Court
Peyton Rhodes (Bloomberg): AMC Theater’s Valuation Was Excessive, Says Arizona Tax Court: An AMC theater location convinced the Arizona Tax Court that it qualified for lower property tax valuation as a single-use movie theater even though it uses over a third of its auditoriums for storage. Maricopa County, Ariz., asked the court to affirm its…
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Joint Center For Political And Economic Studies: Future of Black Communities Summit
Joint Center For Political And Economic Studies: Future of Black Communities Summit on July 16, 2026:
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European Society of International Law Webinar: “Taxation, Racial Capitalism, and the Rule of Law: Historical Legacies and Contemporary Challenges in Global Economic Governance” on July 22, 2026
European Society of International Law Webinar: Taxation, Racial Capitalism, and the Rule of Law: Historical Legacies and Contemporary Challenges in Global Economic Governance on July 22, 2026 at 12:00 PM – 1:30 PM EST: The inaugural webinar, Taxation, Racial Capitalism, and the International Rule of Law: From Colonial Slavery to Global Governance, marks the launch of the European…
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Law360: State and Local Tax Midyear Updates & Second Half Preview
Jaqueline McCool (Law360): Top State & Local Tax Cases Of 2026: Midyear Report From the U.S. Supreme Court declining to weigh in on Florida’s fight against a California apportionment rule to the New York appellate court affirming the dismissal of a challenge to how P.L. 86-272 applies to internet activities, it’s been a busy half-year for state…
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Bloomberg: California Film Tax Credit Demand Rises Under Expanded Program
Danielle Muoio Dunn (Bloomberg):California Film Tax Credit Demand Rises Under Expanded Program: California is seeing increased demand for its film and television tax credit program after expanding it to compete with similar incentives offered by New York and several European countries. The state saw an 82% increase in applications for the benefit this fiscal year compared to…
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Bloomberg: North Carolina Targets Prediction Markets, Sports Betting Taxes
Daniel Moore (Bloomberg): North Carolina Targets Prediction Markets, Sports Betting Taxes: North Carolina lawmakers unveiled a $34 billion budget deal (SB 257) Tuesday that includes a new 6% prediction markets tax and higher levies on sports betting providers—the latest move by the state to extract more revenue from its growing gambling industry. The agreement announced…
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The Tax Adviser: IRS outlines AI risks, Circular 230 duties for tax practitioners
Martha Waggoner (The Tax Adviser): IRS outlines AI risks, Circular 230 duties for tax practitioners: The IRS Office of Professional Responsibility (OPR) issued guidance outlining how existing Treasury Circular 230 rules apply to tax practitioners’ use of artificial intelligence (AI), emphasizing that long-standing duties such as due diligence, competence, and confidentiality remain unchanged. The overarching…
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Taxpayer Advocate Service: Releases FY 2027 Objectives Report to Congress
Taxpayer Advocate Service: Advocate Service: Releases FY 2027 Objectives Report to Congress: The Internal Revenue Code requires the National Taxpayer Advocate to submit two annual reports to the House Committee on Ways and Means and the Senate Committee on Finance. The National Taxpayer Advocate is required to submit these reports directly to the Committees without…
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Bloomberg: Varian Owes $7 Million After Tax Court Sunk Dividend Deductions
James Matheson (Bloomberg): Varian Owes $7 Million After Tax Court Sunk Dividend Deductions: Global medical manufacturer Varian Medical Systems Inc. is liable for a $7.3 million tax deficiency after a prior US Tax Court opinion disallowed some of the dividend deductions the company claimed for its 2018 tax year, according to a stipulated decision entered in the…
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WSJ: Jalen Brunson’s Tax Wisdom
Wall Street Journal, Editorial Board, Jalen Brunson’s Tax Wisdom: Jalen Brunson is the toast of New York after the 6-foot-2 point guard personally willed the New York Knicks to the NBA title on Saturday with a 45-point performance. The rest of his team scored 49. But it appears there’s another reason for New Yorkers to like the basketball…
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Bloomberg: IRS, Canada Agree on World Cup Participants’ Income Allocation
Michael Rapoport (Bloomberg): IRS, Canada Agree on World Cup Participants’ Income Allocation: Participants of the 2026 FIFA World Cup can use a proportional formula to allocate the prize money and other compensation they receive among the countries hosting the tournament, the IRS said Wednesday. The IRS and the Canada Revenue Agency have agreed on a…
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SALT Updates From the First Half of 2026
Billy Hamilton (Tax Notes): To Be Continued: Legislative Sessions End; Some Issues Don’t David Brunori (Law360): A Playground Of Unsound Tax Policy: SALT In Review Maria Koklanaris (Law360): State & Local Tax Takeaways From May
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Bloomberg: Former MLB Manager Loses Tax Case Over Inflated Land Donation
David Schultz (Bloomberg): Former MLB Manager Loses Tax Case Over Inflated Land Donation: Former Kansas City Royals manager Ned Yost and his business partners will have to pay 40% in penalties to the IRS because the land donated for conservation easement purposes was grossly inflated, the US Tax Court said in an opinion Tuesday. The…
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NY Times: Inside the Deal to Drop Trump’s $10 Billion Suit Against the I.R.S.
For the New York Times, Alan Feuer, Andrew Duehren, Glenn Thrush, Ben Protess, and Maggie Haberman have a story, “Inside the Deal to Drop Trump’s $10 Billion Suit Against the I.R.S.” From the piece: President Trump had sued the I.R.S. for $10 billion, and a federal judge was pressing the Justice Department to explain how…
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Bloomberg: “Biofuel Groups Push IRS for New Model to Calculate Tax Credit”
Erin Schilling (Bloomberg): Biofuel Groups Push IRS for New Model to Calculate Tax Credit: Biofuel and farm groups are asking the Treasury Department and IRS to update the model companies use to calculate whether they qualify for the clean fuel production tax credit. Agency lawyers are listening to proposals by more than 70 groups for…
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Bloomberg: “Colorado Voters Will Consider Higher Tax Caps to Fund Education”
Bloomberg, Colorado Voters Will Consider Higher Tax Caps to Fund Education: Colorado voters will be asked to decide whether the state should break through constitutionally required caps on the use of tax revenue in a bid to provide more funding for education. Lawmakers approved a measure (SB26-135) that will set a referendum allowing voters to determine…
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Loyalty Rewards Programs: Claim of Right v. Trust Fund Doctrine
Loren Opper & Christie Galinski (Miller Canfield), Hyatt Tax Case Sets the Stage to Change Loyalty Reward Programs, Bloomberg Law An appeals court last week said a case involving the IRS and Hyatt Hotels Corp.’s customer loyalty reward program should go back to the US Tax Court, whose eventual final ruling could have significant effects on how…
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Bloomberg: “California Cannabis Seller Charged With $7.1 Million Tax Evasion”
Bloomberg, California Cannabis Seller Charged With $7.1 Million Tax Evasion: The California Attorney General’s Office announced Wednesday it filed felony charges against an unlicensed cannabis retailer for evading approximately $7.1 million in state sales tax. The attorney general’s office said they had arrested Pin Hsien Hsu, who operated unlicensed cannabis dispensaries in Los Angeles, Orange,…
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California Decisions Raise Remote Contractor Income Sourcing Questions
Two recent California decisions highlight the difficulty of sourcing remote independent contractor income. California regulations provide that if a nonresident individual’s business, trade, or profession is carried on entirely outside California, then no portion of the net income is derived from sources within the state. But if a nonresident’s business, trade, or profession is a…
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New York’s P.L. 86-272 Internet Activity Rules Upheld
Paul Williams (Law360): NY Internet Activity Rule Not Barred By Fed. Law, Panel Says A New York rule that outlines when out-of-state businesses’ online activities exceed federal protections against state income taxes isn’t preempted by federal law, a state appeals court ruled Thursday, saying the federal statute’s goal of shielding certain interstate businesses from tax…