Document(s) published by this organization: 243
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|Update on Potential Impacts of Foreign Portfolio Investors and the Minimum Alternate Tax in India|
Saionton Basu; Duane Morris;
June 23, 2015, previously published on June 19, 2015Since we published our Duane Morris Alert on 23 January 2015 relating to foreign portfolio investors (FPIs) and the Minimum Alternate Tax (MAT), the Indian Government has been engaged on multiple fronts to contain any adverse fallout from the issuance of tax notices under the MAT provisions to FPIs.
|California Governor Issues Drought Emergency Proclamation for 25-Percent Urban Water Conservation|
Jolie-Anne S. Ansley, Thomas M. Berliner, Colin L. Pearce; Duane Morris LLP;
June 18, 2015, previously published on April 3, 2015On April 1, 2015, California Governor Edmund G. Brown, Jr. issued an Executive Order to address the significant drought conditions in the state. This Alert provides a summary of the key measures, which are effective immediately.
|Think Your Income Tax Return Closed the Book on 2014? Taxpayers with Foreign Assets May Be Required to File a Report by June 30|
Rodney N. Anello; Duane Morris LLP;
June 18, 2015, previously published on June 16, 2015The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) published final regulations for reporting bank accounts, securities accounts and other financial accounts located in a foreign country on FinCEN Report 114 (the successor to the previously-used TD F 90-22.1, Report of...
|Eastern District Predicts "Bare Metal Defense" Available Under Pennsylvania Law|
Kenneth M. Argentieri, Sharon L. Caffrey, Meghan E. Claiborne; Duane Morris LLP;
June 16, 2015, previously published on June 9, 2015Judge Eduardo C. Robreno of the United States District Court for the Eastern District of Pennsylvania recently addressed the novel issue of whether Pennsylvania recognizes the so-called “bare metal defense” in the context of an asbestos case. The court predicted that if the...
|San Francisco Employers Beware: Retail Workers Bill of Rights Takes Effect July 3, 2015|
Duane Morris LLP;
June 16, 2015, previously published on June 10, 2015Chain stores, restaurants, banks, janitorial, security and other retail sales or service providers operating in San Francisco take notice: The City of San Francisco’s new “Formula Retail Workers Bill of Rights” becomes effective July 3, 2015, requiring “formula retail...
|Update: Key Ruling Affecting Maryland Taxpayers with Out-of-State Income - Tax Refund Opportunity Now Available|
Michael R. Bartosik; Duane Morris LLP;
June 16, 2015, previously published on June 9, 2015Maryland residents who pay income tax to other states may be entitled to a refund of local income taxes paid in prior tax years. The U.S. Supreme Court in Comptroller of the Treasury of Maryland v. Wynne et ux. recently affirmed a Maryland Court of Appeals ruling that the state's personal income...
|Los Angeles Approves Minimum Wage Increase to $15 Per Hour|
Duane Morris LLP;
June 8, 2015, previously published on May 27, 2015The increases are delayed by one year for employers with 25 or fewer employees (i.e., $10.50 by July 1, 2017; $12 by July 1, 2018, etc.). In addition, starting in 2022, the Los Angeles minimum wage will increase annually based on the Consumer Price Index. By this vote, Los Angeles joins other major...
|Public-Private Partnerships Gain Ground in Georgia|
William W. Fagan, Antony L. Sanacory; Duane Morris LLP;
June 8, 2015, previously published on June 2, 2015Recent developments in Georgia, from the General Assembly’s recent legislative session to a new residence hall project for the State University System of Georgia, show that the use of public-private partnerships (or P3s) in the state is gaining serious traction, with more P3 projects likely...
|U. S. Supreme Court Issues Ruling on Duty of Prudence for Investment Options Made Available Under 401(k) Plan|
Duane Morris LLP;
May 28, 2015, previously published on May 26, 2015On May 18, 2015, a unanimous Supreme Court of the United States held that there is a continuing duty of prudence with respect to investment options made available under a 401(k) plan and that claims of a breach of such fiduciary duty under the Employee Retirement Income Security Act of 1974 (ERISA)...
|Another Private Equity Filing Deadline Approaches: Do You Know Where Your BE-10s Are?|
Piero Carbone, Richard P. Jaffe, Brian P. Kerwin, Thomas R. Schmuhl; Duane Morris;
May 25, 2015, previously published on May 20, 2015For those who have not heard, another filing requirement of the U.S. government will require action by participants in the private equity industry. Form BE-10 is a mandatory filing required by the International Investment and Trade in Services Survey Act as part of the 2014 Benchmark Survey of U.S....