It was reported this morning that a State District Court in Travis County, Texas, decided that the sale of a “wellbore video” was the sale of a nontaxable service rather than taxable tangible personal property.
On February 5, 2014, the BC government announced that it is unlikely to release the detailed tax regime for the province’s proposed liquefied natural gas (LNG) sector before the fall legislative session.
On December 17, 2013, the United States District Court for the Northern District of Georgia issued its decision in United States v. Morris Legal Group, LLC, 113 AFTR 2d, 2014-XXXX (D.C. Georgia).
A recent post on this site captioned “A proposed Tax Tribunal for Texas” discussed the possibility that Texas might enact a new, independent, Tax Tribunal for handling administrative tax disputes between taxpayers and the Texas Comptroller of Public Accounts.
Previously, many U.S. citizens living abroad eliminated their U.S. income tax liabilities with a credit for foreign taxes paid; however, individuals who are subject to the new 3.8 percent net investment income tax (NIIT) may now owe U.S. income tax, some for the first time.
The Navajo Nation is going to use sales tax policies to try changing food habits on the largest Indian reservation in the United States.
New proposed IRS partnership regulations, when finalized, promise to shut down taxpayer flexibility under debt allocation and “disguised sale” rules.
Michigan Lawmakers Evaluate Lower Severance Tax and Infrastructure Bills for Carbon Dioxide-Injected Oil and Gas Wells
While legislation driven by the rapid growth of horizontal drilling and hydraulic fracturing has dominated oil and gas legislation in recent years, this week, Michigan lawmakers considered bills to enhance viability of other extraction processes: so-called enhanced or secondary production techniques using carbon dioxide injection and similar methods.