Tax

Lowe’s Files Lawsuit to Lower Tax Rate in JeffCo

Jefferson County leaders call Lowe’s a good corporate citizen, but they are lining up to oppose a lawsuit filed by the home improvement store to lower their tax rate. “We were expecting this to happen. We were expecting them to file a lawsuit,” said Tony Petelos, the Jefferson …


Student Files Class-Action Lawsuit Over B.C. Foreign Homebuyer Tax

A university student has launched a class action lawsuit after B.C. slapped a 15 per cent property transfer tax on foreign homebuyers last month. Chinese student Jing Li, who studied at the University of Saskatchewan before moving to Metro Vancouver, filed the suit after she put a 10 per cent deposit on a $560,000 townhome in Langley, B.C., CBC News reported Monday.


Costco Faces Lawsuit Over Improper Sales Tax Collection

A New Jersey couple on Friday filed a class-action lawsuit against Costco Wholesale, alleging that the warehouse retailer is illegally charging sales tax on toilet tissues — a product exempt from the state’s 7% sales tax — CNBC reports. Jacqueline Taufield and Robert Arnold say that they were charged sales tax when they bought Charmin toilet tissue on July 26, 2015 from a Costco location in …


Philly Soda Tax Opponents File Expected Lawsuit

It’s been three months since the city of Philadelphia became the largest city in America to enact a soda tax, and — as was expected — it’s now facing a legal challenge. The American Beverage Association, several beverage companies and associations as well as individuals and local businesses (like City View Pizza and John’s Roast Pork), are suing the city of Philadelphia in county court, …


Madison County Taxpayers Off Hook for Corruption, but ‘exoneration’ for Leaders?

Madison County government is a unique place, maybe the only set of offices in the nation where there’s no jealousy, no backbiting, no water-cooler rumors and no intrigue. Amazing for a place that at its foundation is political, right? The county’s standing as a “no gossip zone” is the only conclusion one can reach based on the fact that no one claims to have known what corrupt, disgraced and …


Dozens of New York Officials Support Tenants’ Lawsuit Over Rent Stabilization

More than three dozen New York officials stepped into a high-profile court battle over rent stabilization yesterday, filing a brief on behalf of tenants who have sued their Lower Manhattan landlord, claiming they were denied rent caps that should have been guaranteed under a state tax program. The fight between residents of 90 West Street and developer Kibel Companies, which ProPublica first …


PwC Must Face MF Global Lawsuit Over Accounting Advice

A US JUDGE has given the go-ahead for a $1bn lawsuit against PwC over claims the firm provided bad accounting advice which contributed to the 2011 collapse of MF Global. MF Global and its parent company, MF Global Holdings Ltd, collapsed in October 2011 after investors left the firm on learning about risky bets on sovereign debt taken by former chairman and New Jersey Senator Jon Corzine. In a …



EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Inovalon Holdings, Inc. – INOV

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Inovalon Holdings, Inc. Class A common stock (NASDAQ: INOV) pursuant and/or traceable to the Registration Statement and Prospectus (the “Registration Statement”) issued in connection with Inovalon’s February 12, 2015 Initial Public Offering (the …