Taxes

Illinois Judge Refuses to Block Law Limiting Credit Card Swipe Fees on Tips and Taxes, Banking Groups Vow to Fight On

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SPRINGFIELD, Ill. – In a significant legal ruling, a federal judge on Thursday refrained from halting an Illinois law designed to limit certain charges by credit card companies, which is set to alter transaction fee structures statewide. These companies typically impose “swipe fees” on merchants for processing credit and debit card payments. Last spring, the Illinois Legislature enacted the Interchange Fee Prohibition Act, a pioneering law that prohibits these fees on the taxation and gratuity portions of credit and debit card transactions, effective from July 1. This legislative move, part of the state’s budget resolution, … Read more

South Carolina’s Top Tourist Cities Sue Major Rental Platforms Over Unpaid Taxes and Fees

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Charleston, SC — A coalition of South Carolina’s most popular tourist cities, including Charleston, Columbia, and Myrtle Beach, has filed a lawsuit against several major online travel companies. The municipalities contend that these firms have neglected to remit local accommodation taxes and, in some instances, business license fees collected on their platforms from both rental hosts and guests. At the heart of the litigation is the allegation that these digital platforms failed to forward taxes they collected, thereby depriving the municipalities of critical revenue streams intended for local infrastructure and services. This lawsuit illustrates a … Read more

Louisiana to See Major Law Changes in 2025: New Rules on Voting, Taxes, and Hemp Sales to Reshape Daily Life

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BATON ROUGE, La. — A range of new legislation will redefine the way Louisianians vote, handle taxes, and more, with several new bills slated to take effect in 2025. These changes arrive after state lawmakers deliberated extensively during the regular legislative session and three special sessions focused on redistricting, criminal justice, and tax reform. One notable law, Act 317 (SB218), is set to impose new constraints on absentee voting in Louisiana. Under this law, only immediate relatives will be permitted to hand in mail-in ballots for another voter, and absentee ballot applications cannot be distributed … Read more

Disbarred Lawyer Admits to Dodging Taxes on Over $100 Million in Legal Fees

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Philadelphia, PA — In a significant legal development, a former attorney who was previously barred from practicing law has admitted to evading taxes on over $100 million earned through his legal practice. The plea was entered in a federal courtroom in Pennsylvania on Wednesday, underscoring a serious fall from grace for the once-prominent lawyer. The case has drawn attention due to the substantial amount of money involved and the fact that the accused had been a respected figure in the legal community before his disbarment. According to federal prosecutors, the evasion of taxes stemmed from … Read more