Tax

Sotheby’s Agrees to $6.25 Million Settlement in Tax Fraud Lawsuit

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New York – Sotheby’s, the prominent global auction house headquartered in New York City, has agreed to a $6.25 million settlement in a tax fraud lawsuit, marking a significant conclusion to allegations that have beset the company. The lawsuit accused Sotheby’s of aiding a prominent client in evading sales tax on art purchases, an accusation that signals deeper scrutiny on practices within the art auction industry. The settlement, announced by New York Attorney General Letitia James, concludes a probe that revealed the auction house’s involvement in facilitating tax evasion through the use of false documents. … Read more

Lener Bolsters Barcelona Tax Division, Welcomes Patricia Miralles Majó as New Partner

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Barcelona, Spain – In a significant move to bolster its tax practice, Lener has welcomed Patricia Miralles Majó as a new partner in their Barcelona office. This strategic appointment underscores the firm’s dedication to expanding its expertise and deepening its roots in the Catalonian market. Miralles, previously with EY Abogados, joins the team led by Enrique Fort Laborda, marking a pivotal step in Lener’s ongoing efforts to cement its leadership in tax services, particularly within the financial sector. Patricia Miralles brings to the table an impressive career in tax law, spanning more than 28 years, … Read more

Insights from the Tax Court: Key Decisions and Rulings from October 30, 2024

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Minneapolis, MN — In the latest from Minnesota’s tax courts, an insightful verdict was delivered on October 30, 2024, touching upon significant fiscal responsibilities and legal nuances for organizations and individuals alike. The proceedings and rulings from this particular session highlighted a spectrum of challenges and scenarios that taxpayers face. These verdicts, therefore, serve as potential indicators of how future cases could be approached by the Minnesota Tax Court, impacting tax legislation interpretation and application. One noteworthy case involved a local business disputing additional tax liabilities imposed due to claimed deductions that the court determined … Read more

Disbarred Attorney Admits to Tax Evasion Over $100 Million in Pennsylvania Court Case

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Philadelphia, PA — A former attorney has admitted to tax evasion, accepting guilt for failing to pay taxes on income surpassing $100 million, which he accrued during his legal practice. This admission came as part of a court proceeding held Wednesday in Pennsylvania, where the disbarred lawyer faced significant federal charges. The case, as described by authorities, outlines a deliberate omission by the attorney to pay federal income taxes over several years, contributing to substantial revenue losses for the government. The evasion was tied primarily to income allegedly hidden in various offshore accounts and expenditures … Read more