The Fifth Circuit has agreed to toss a district court decision finding that the assessment of civil foreign bank account reporting penalties violated an individual’s Seventh Amendment rights and send the case back for reconsideration. taxnotes.co/3VZdZMg

The top Senate Democratic taxwriter is asking the Big Four accounting firms to provide details on any work advising multinational corporations to offshore profits to low-tax jurisdictions, including Malta. taxnotes.co/3U6CoyY

The public will soon be able to view Tax Court motions remotely through the Tax Court’s electronic filing and case management system rather than having to file a records request or visit the courthouse. taxnotes.co/4zGm5rA

A recent IRS ruling regarding an exchange-traded swap fund strategy leaves the exact nature of the recast transaction unclear, drawing pointed questions from tax professionals. taxnotes.co/4BfkqLb

The OECD has issued a revised technical template for standardized data exchanges between jurisdictions, implementing changes to the global anti-base-erosion information return (GIR) following the pillar 2 side-by-side package. taxnotes.co/3Uzo4iB

Members of the clergy who had previously applied for an exemption from Social Security taxes will be able to revoke that exemption under newly enacted legislation. taxnotes.co/3WEDMJN

A group of senators questioned Treasury’s authority to issue proposed regulations that would threaten the tax-exempt status of approximately 18,000 private schools for engaging in race-based practices. taxnotes.co/4yxUkQW

An Illinois court held that it can hold an underdeveloped record against an administrative agency in a real estate holding company's property tax appeal regarding billboards. taxnotes.co/4yy3oFC

The Minnesota Department of Revenue has issued guidance clarifying the sales and use tax treatment of telecommunications equipment. taxnotes.co/4elE7qQ

The new chair of the EU Code of Conduct Group on business taxation faces two challenges: repairing the bloc’s relationship with formerly blacklisted countries and helping the body find a renewed purpose. taxnotes.co/4dL8BCA

A Polish tax official known for championing transparency while cautioning against burdensome antiavoidance rules has taken the helm of the EU Council’s Code of Conduct Group on business taxation. taxnotes.co/4zBTNyk

The IRS accepted approximately $977 million in questionable claims for the recently enacted car loan interest deduction, according to an agency watchdog. taxnotes.co/4i5tf1q

Corporate spinoffs will no longer face a proposed rule that would have treated some distributions as devices to distribute earnings and profits regardless of a valid business purpose. taxnotes.co/4ibuOuK

From @cady_stanton: Any changes to the tax treatment of data centers likely won’t move until the next Congress, despite a spike in federal legislative proposals on taxing the industry. taxnotes.co/4hYhRpl

The Irish EU Council presidency has broadened the framing of an upcoming discussion on the tax provisions of the proposed electricity network charges regulation. taxnotes.co/4ejRKqy

"The English Premier League is more than just football," @RobertGoulder writes. "It might be Britain’s greatest cultural export since the works of William Shakespeare." forbes.com/sites/taxnotes/20…

New York's midyear tax collections have surpassed estimates, Comptroller Thomas P. DiNapoli (D) has announced, attributing the higher receipts in part to Wall Street's skyrocketing profits. taxnotes.co/4yUKDwZ

An independent council undertaking the task of defining “responsible use” of artificial intelligence by tax professionals is expected to release its first updated framework by mid-2027, according to one of its founders. taxnotes.co/4BoCAKL

A disallowed conservation easement deduction was sustained because the appraisers didn’t validly determine the parcels’ highest and best use despite constitutional and procedural attacks, according to a Tax Court opinion. taxnotes.co/3WgAmNe

A Texas appellate court has upheld the constitutionality of a law allowing property owners to opt out of a city’s extraterritorial jurisdiction, stymieing the cities’ attempt to resist the Legislature’s effort to rein in municipalities’ expansion. taxnotes.co/4iw7ol7