Perry Cooper

2 weeks ago | news.bloombergtax.com | Bernie Kohn |Erin Slowey |Perry Cooper

A Florida couple has filed what appears to be the first lawsuit by a buyer of so-called sovereign tribal tax credits, which the IRS and the Treasury Department have said don’t exist. Justin and Robin Daniels of Jupiter, Fla., filed suit in Palm Beach County Circuit Court against White River Energy Corp., the credits’ sponsor; as well as a wealth advisory firm that helped to market the credits and their own accounting firm.

3 weeks ago | news.bloomberglaw.com | Perry Cooper |Richard Tzul

Clarity needed on ‘sham transaction’ doctrine, company saidNo legitimate reason for it to create subsidiary, state arguedSkechers USA Inc.'s decision to hand over its intellectual property to a holding company was done solely for the sake of tax avoidance, an appeals court ruled in an unpublished opinion.

1 month ago | news.bloombergtax.com | Perry Cooper |Laura Mahoney

A bill on Washington Gov. Bob Ferguson’s desk intended to resolve uncertainty about a business and occupation tax deduction for investments doesn’t go as far as some attorneys who represent taxpayers would like. The investment provision is one of many related to the B&O tax in a bill lawmakers approved (H.B. 2081) before adjourning for the year on April 27.

2 months ago | news.bloomberglaw.com | Perry Cooper |Laura D. Francis

The US Supreme Court should use a dispute over a Georgia tax on strip clubs to clarify its First Amendment jurisprudence on what makes a law content-based versus content-neutral, groups backing opponents of the tax told the justices Wednesday. The amicus briefs support the Georgia Association of Club Executives, which asked the justices to overturn a 2024 Georgia Supreme Court ruling that the tax doesn’t violate the right to free speech.

2 months ago | news.bloomberglaw.com | Perry Cooper |Laura D. Francis

The US Supreme Court should use a dispute over a Georgia tax on strip clubs to clarify its First Amendment jurisprudence on what makes a law content-based versus content-neutral, groups backing opponents of the tax told the justices Wednesday. The amicus briefs support the Georgia Association of Club Executives, which asked the justices to overturn a 2024 Georgia Supreme Court ruling that the tax doesn’t violate the right to free speech.