Justices Hear Debate Over Taxation of Trust Income

As the federal government stands to collect billions from trust and estate incomes this tax season, the U.S. Supreme Court heard arguments Tuesday in a dispute over whether states have a right to tax residents who are beneficiaries of trusts established in another state and did not receive any distributions from the trust.

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Waymo-Uber Wrinkle

Google on Thursday sued Alaska-based trust manager Peak Trust in state court, claiming a former engineer in Google’s autonomous vehicle division Waymo uses Peak to “facilitate his illicit involvement in competing side businesses” at the heart of arbitration proceedings between Google and the engineer – and Waymo’s bitter trade-secrets war with Uber.

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