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House lawmaker seeks closure of tax loophole that facilitated Verizon-Fairpoint deal

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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January 15 2010

Arguing that a tax loophole used by Verizon Communications in its 2007 sale of New England landlines to Fairpoint Communications saddled Fairpoint with enough debt to force Fairpoint into bankruptcy, Representative Paul Hodes (D-NH) introduced legislation that would repeal the Reverse Morris Trust provisions used by Verizon and other companies to avoid payment of capital gains taxes that stem from corporate mergers

Vodafone responds to India on $2 billion tax demand

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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India
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March 19 2010

Vodafone has submitted its final annexure to its original response to tax authorities in India that are holding the British wireless giant liable for a tax bill of U.S. $2 billion that stems from Vodafone’s $11.2 billion acquisition of Hutchison Essar

DBS industry files suit against Massachusetts satellite tax

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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January 29 2010

Charging that sales taxes levied on satellite TV services by the State of Massachusetts are discriminatory, direct broadcast satellite (DBS) service providers DISH Network and DirecTV filed a legal complaint with the Massachusetts Superior Court that seeks injunctive relief and a declaratory ruling that the tax violates the commerce and equal protection clauses of the U.S. Constitution

CBO suggests elimination of telephone excise, USF taxes

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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August 14 2009

A report compiled by the Congressional Budget Office (CBO) suggests the elimination of telephone excise and universal service fund (USF) taxes

Ohio Supreme Court rules against DBS industry in tax case

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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December 30 2010

Direct broadcast satellite (DBS) operators DISH Network and DirecTV are assessing their legal options in the wake of a ruling by the Ohio Supreme Court (OSC) that upholds the constitutionality of a 5.5 sales tax that is imposed by the state on DBS offerings but not on cable TV services that are arguably functionally equivalent to DBS from the standpoint of subscribers

Bill proposes uniform tax framework for digital goods

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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July 9 2010

Observing that "existing sales and use taxes are inadequate and ill-equipped to address today's digital economy," House Communications, Technology & Internet Subcommittee Chairman Rick Boucher (D-VA) introduced legislation that would establish a uniform national framework for the taxation of digital goods and services

Senate bill offers tax credits for broadband investment

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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July 17 2009

Private sector entities that invest in new or improved broadband infrastructure would receive tax credits under legislation introduced Tuesday by ranking Senate Commerce Committee member Kay Bailey Hutchison (R-TX

Vodafone ordered to deposit $554 million in Indian tax case

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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India
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November 19 2010

Pending a final decision on Vodafone’s appeal against a government directive that holds Vodafone liable for US$2.5 billion in taxes and interest accruing from the company’s 2007 acquisition of Hutchison Essar, the Supreme Court of India ordered Vodafone on Monday to submit a deposit of $554.1 million within three weeks as well as bank guarantees within eight weeks that would cover the outstanding portion of the government’s tax claim

AT&T to pay nearly $1 billion to settle mobile data tax suit

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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June 10 2011

A U.S. district court in Illinois has approved a class action settlement involving AT&T Mobility through which AT&T agreed to refund $956 million to customers who were improperly taxed for accessing the Internet through their mobile phones

House members approve wireless tax moratorium

Paul, Weiss, Rifkind, Wharton & Garrison LLP
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USA
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November 4 2011

By a voice vote on Tuesday, members of the House of Representatives approved legislation, sponsored by Reps. Zoe Lofgren (D-CA) and Trent Franks (R-AZ), that would impose a five-year moratorium on “discriminatory” taxes imposed on wireless telecommunications services by state and local governments. Boasting 236 co-sponsors, the Wireless Tax Fairness Act (HR-1002) resembles a companion bill (S-543), introduced last March by Senators Ron Wyden (D-OR) and Olympia Snowe (R-ME), that is currently pending before the Senate Finance Committee