6 November 2007
Kentucky taxpayers George and Katherine Davis have filed suit against the State of Kentucky alleging that the state violates the Commerce Clause by allowing an exemption for interest income from Kentucky municipal bonds while taxing income from out-of-state bonds. The state has argued that the Court “has never held that a law which favors government, [...]
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18 June 2007
The U.S. Supreme Court issued a ruling last week that made some New Yorkers very happy… And could have serious worldwide tax implications. The Supreme Court ruled 7–2 that American courts may hear matters involving foreign governments and property taxes. The ruling now clears the way for New York City to collect the so-called “pillow [...]
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