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Tax Refund Rule ‘Isn’t Implicated’ in Fight, SCOTUS Told

When the Supreme Court considers a case involving a parent-subsidiary tax dispute later this year, it shouldn’t delve into a rule that tells courts how to assign ownership of tax refunds because the issue is irrelevant, the Federal Deposit Insurance Corp. said in a reply brief.

N.J. Governor Murphy Says Trump 'Weaponized' Tax Law

New Jersey Governor Phil Murphy criticized the limits on the state and local tax deduction created in the 2017 tax law. He spoke with Bloomberg's David Westin on "Balance of Power."

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