Tax

From Down Under to NYU: Miranda Stewart’s Passionate Pursuit of Tax Justice Unveiled

by

New York, New York — Miranda Stewart, an accomplished tax lawyer, recently shared that pursuing a career in tax law was never her childhood dream. While reflecting on her journey, she stated that few individuals aim to become tax specialists, despite the passion that some, including herself, might develop in the field. Currently serving as the director of NYU Law’s International Tax Program, Stewart is in her three-year term as a visiting professor. She has made substantial contributions to the field, having authored or edited 12 books focused on various aspects of tax law, including … Read more

Colorado Takes Bold Stand Against Corporate Tax Evasion with New Laws Closing Loopholes and Protecting Essential Services

by

DENVER, Colo. — Governor Jared Polis has approved two significant pieces of legislation aimed at mitigating the impact of a $1 billion budget shortfall created by corporate tax cuts enacted by Congress. The new laws are designed to protect essential state services while addressing loopholes that have allowed corporations to significantly reduce their tax burdens. One of the measures, House Bill 25B-1002, targets foreign tax havens and offshore accounts, making it more difficult for U.S. companies to evade paying taxes on assets held abroad. The second piece of legislation, House Bill 25B-1001, restricts tax incentives … Read more

Maryland’s Digital Advertising Tax Faces Legal Setback as Court Declares It Unconstitutional

by

An appellate court in Maryland recently invalidated a segment of the state’s digital advertising tax, marking a significant shift in the regulation of online advertising revenue. The court’s decision arose from a legal challenge that claimed the tax disproportionately affected companies involved in digital advertising compared to traditional businesses. The law, enacted in 2021, imposed a tax on gross revenues generated by certain advertising services, which critics argued was unfairly burdensome on digital platforms. Plaintiffs, which included national advertisers and technology firms, contended that the tax violated constitutional provisions by imposing an undue economic burden … Read more

Harris County Judge Proposes Controversial Penny Tax to Fund Child Care Program Amid Budget Concerns

by

HARRIS COUNTY, Texas — Harris County Judge Lina Hidalgo is set to present a proposal for a tax increase to the county commissioners during Thursday’s meeting at Commissioners Court. The plan, referred to as a penny tax, would impose an additional charge of $10 annually for every $100,000 of residential property value. Hidalgo noted that this increase aims to secure ongoing funding for the Early REACH program, which provides free child care for eligible children aged four and under, previously supported by federal COVID-19 relief funds. With those resources dwindling, Hidalgo indicated that alternative funding … Read more