Big Companies Get Boost in Tax Disputes
WASHINGTON—The Supreme Court’s new limits on federal agencies’ regulatory powers are rippling through the tax system, and they are poised to tilt some disputes against the government and toward large companies. Judges or lawyers in at least five pending tax lawsuits—including cases involving FedEx and 3M —have already raised the June ruling in Loper Bright Enterprises v. Raimondo, which overturned a 40-year-old framework known as the Chevron precedent for how courts evaluate regulations. The Supreme Court’s decision limits how much deference courts give to agencies’ attempts to address ambiguous laws.
The Wall Street Journal•