A tech company founder seeking a $77 million deduction on capital gains losses which the IRS determined was part of tax avoidance scheme lost in his challenge to a Tax Court decision upholding the denial.
Two units of NBCUniversal are subject to Oregon’s special tax rules for “interstate broadcasters” despite the media giant’s assertions the units operate merely as distributors of content to third parties, the Oregon Tax Court has ruled.
Dan Price, who gained fame in 2015 for cutting his salary as the head of Gravity Payments to help fund raises for his entire staff, resigned this week under a cloud of allegations of sexual assault and abuse.
Amazon.com Inc. has accused a video streaming IP company of trying to misrepresent its Delaware roots in an effort to gain an edge in its upcoming patent-infringement jury trial against the web services giant in West Texas.
Twitter Inc. induced consumers to disclose their personal information under the false pretext of securing their account, but actually sold the information to advertisers, according to a proposed class action filed in federal court in California.