A panel of judges of the US Court of Appeals for the Fifth Circuit recently held that the federal oil spill liability tax imposed by IRC Section 4611(b) on crude oil that is exported outside of the US violated the Export Clause of the US Constitution (Export Clause). On May 23, 2022, the Fifth Circuit denied the government’s request to rehear the case with a full panel.
Source EY
Latest Posts in "United States"
- Illinois Rules Renewable Natural Gas Equipment Not Exempt from Manufacturing Tax Exemption
- New York Court Rules Vendor Management Software Licenses Are Taxable as Prewritten Software Sales
- State Sales Tax Guidance Amid Federal Penny Phase-Out and Rounding Requirements
- USA and Taiwan Unite: A Landmark Agreement to Transform Semiconductor Manufacturing
- Texas Sales Tax Audit Risks: Key Strategies for Restaurant Franchisees to Minimize Exposure
