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Tax Disputes

All articles tagged with #tax disputes

business1 year ago•2 min saved

Resolute Mining Shares Tumble as CEO Detained in Mali

Shares of Resolute Mining fell over 30% after its CEO and two employees were detained in Mali amid disputes over tax claims exceeding $100 million. The Malian government is pressuring mining companies to renegotiate contracts, following a 2022 audit and new mining code aimed at increasing state revenue. This incident highlights the growing tensions between mining firms and the military-led government in Mali, which has been taking a tougher stance on foreign mining operations.

via Financial Times|

#business #executive-detention #gold-mining

law2 years ago•3 min saved

Supreme Court delivers justice in tax dispute cases.

The US Supreme Court has ruled that states cannot retain more than what a taxpayer owed when seizing private property to recoup unpaid taxes. The unanimous decision came in a case concerning a 94-year-old woman in Minnesota who had stopped paying property taxes on her condominium after moving into an assisted-living center. The county seized the property and sold it at auction for $40,000, keeping not only the $15,000 that all agreed it was due but also the remaining $25,000. The court ruled that retaining the entire value of a confiscated property, even when the debts owed amounted to a small portion of it, is a violation of the Constitution’s takings clause.

via The New York Times|

#law #minnesota #property-rights