Clifford Chance – Following the UK’s vote to leave the European Union, multinationals face a range of challenges. At two recent Clifford Chance seminars in London, our experts shared their views on what Brexit means for multinationals outside the financial services sector, focusing on the business and legal impact. There is still considerable uncertainty as …
Proskauer* It was widely reported that on the June 5 episode of the HBO program, Last Week Tonight, John Oliver forgave nearly $15 million of medical debt. That’s not quite right. This blog explains what really happened and why the forgiveness did not cause the debtors to recognize “cancellation of debt income” (“COD”) for federal income …
The Legal Story Behind John Oliver’s ‘Forgiveness’ of $15 Million of Debt Read More »
Lock Lorde – On May 9, 2016 the International Consortium of Investigative Journalists (ICIJ) released a searchable database with information on almost 320,000 offshore entities from of the Panama Papers and Offshore Leaks investigations. The Mossack Fonesca leaks and subsequent publication of the database, the largest ever release of secret offshore holdings and the people …
Richard Bistrong, Anti-Bribery Consultant & Speaker An interview on CNBC Powerlunch (April 4th, 2016) where I discuss the implications of the recent Panama Papers leaks. What does this mean for the future of tax havens? Also, will be the appetite for local enforcement in those countries where the shell companies and individuals may reside
Bryan Cave Introduction The fate of the United Kingdom’s membership of the European Union hangs in the balance. Britons are due to go to the polls to vote in a referendum on 23rd June 2016 to decide whether the UK should remain a member of the EU. This is one of the most important political …
The Brexit Issue: What Would It Mean For Those Doing Business in Britain Read More »
This issue of Skadden’s semiannual Cross-Border Investigations Update takes a close look at recent cases and enforcement trends, including developments in U.S. Foreign Corrupt Practices Act enforcement; the introduction of anti-corruption laws in various Asian countries, including China; and the first sentencing by a court in a U.K. Libor trial. See the update here, including: …
Skadden Arps: Cross Border Investigations Update Read More »
Ifrah Law – Nicole Kardell – Are you an American abroad living in perpetual fear of the IRS? Do you wake up every morning wondering if today you’ll receive a formidable notice that the taxman cometh? You are not alone. Expats around the world are facing (and fearing) the painful reality that the IRS’s global …
What Expats Need to Know Now about their Taxes, FATCA and the IRS Read More »
By Sonia Girgis and Trevor James Morrison & Foerster – On 4 December, George Osborne in his Autumn Statement, announced a new UK withholding tax exemption for interest payments on UK private placements. The announcement was followed by draft legislative clauses with the Finance Bill 2015, released yesterday. The new exemption will mean that UK corporate borrowers …
New UK Withholding Tax Exemption Set to Boost the UK Private Placement Market Read More »
Clifford Chance – On 18 November 2014 the State Duma (the lower chamber of Russian Parliament) approved a set of amendments to the Russian Tax Code for the purpose of implementing what has commonly been described as Russia’s “deoffshorisation law” (“Deoffshorisation Law”). In order for the Deoffshorisation Law to take effect from 1 January 2015, …
Russian ‘deoffshorisation law’: bring the boys back home! Read More »
Philadelphia – November 5, 2014 – Joan C. Arnold, a partner with Pepper Hamilton LLP and chair of the firm’s Tax Practice Group, has been elected a Vice-Chair (CLE) of the Section of Taxation of the American Bar Association. Ms. Arnold was elected for a one-year term at the ABA Annual Meeting held in Boston …
Pepper Hamilton Partner Elected to Vice-Chair Taxation Law Section of ABA Read More »
