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HTMLDon't Make the $1.5 Billion Mistake
Jeffrey S. Grasl, Stephen M. Gross; McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 24, 2014
In what is many times considered a ministerial task, the careful preparation and review of UCC-3 termination statements in transactions between debtors and lenders should not be taken lightly. Secured creditors and their professionals would be wise to make sure that the identification of security...

 

HTMLSeveral States Respond to U.S. Supreme Court Decision on Same-Sex Marriage
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 23, 2014
On June 26, 2013, in U.S. v. Windsor, the United States Supreme Court ruled that the Defense of Marriage Act, which defined marriage as between one man and one woman, was unconstitutional. This was significant for tax purposes because the subsequent Internal Revenue Service Revenue Bulletin...

 

HTMLMinnesota: Ranked #7 in Cigarette Excise Tax Rate in 2014 and #14 in Smuggled Cigarettes, Will Increase Cigarette Tax Rates in 2015
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 23, 2014
Sales and excise taxes are slightly different animals. A sales tax is one that the government imposes at the point of sale on retail goods, like clothing. The retailer collects the tax and passes it on to the state. In contrast, one pays an excise tax on purchases of specific goods, such as...

 

HTMLReading the Tea Leaves on Executive Action on Immigration
McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 24, 2014
Some are claiming that recent solicitation by the Citizen and Immigration Service (USCIS) is proof that President Obama is preparing for sweeping executive action on immigration after the November midterm elections.

 

HTMLObama Unlikely to Shake Up Staff after Election
McDonald Hopkins LLC;
Legal Alert/Article
October 31, 2014, previously published on October 24, 2014
Midterm elections, particularly the notorious six-year itch midterms in a President's second term, often lead to losses for the party in control of the White House. It is not surprising then that Presidents often respond to losses in the midterms by shaking up their staff. White House watchers,...

 

HTMLOklahoma: District Court Invalidates Obamacare Subsidies
McDonald Hopkins LLC;
Legal Alert/Article
October 23, 2014, previously published on October 16, 2014
One of President Obama’s key initiatives, the Patient Protection and Affordable Care Act (ACA), has taken a beating since the president signed it into law on March 23, 2010.

 

HTMLObama to Wait On Attorney General Nominee
McDonald Hopkins LLC;
Legal Alert/Article
October 23, 2014, previously published on October 17, 2014
This week, sources in the White House confirmed that President Obama will wait until after the November mid-term elections to announce his choice to succeed Eric Holder as Attorney General.

 

HTMLOhio: The Tax Impact of House Bill 483
McDonald Hopkins LLC;
Legal Alert/Article
October 23, 2014, previously published on October 16, 2014
In 2011, in an effort to make Ohio’s government smaller, more efficient, and more effective, Gov. Kasich worked with the General Assembly to enact his fiscal year 2012-13 budget. This budget cut taxes, streamlined regulations, and reformed government.

 

HTMLGM Weighs In On Net Neutrality
McDonald Hopkins LLC;
Legal Alert/Article
October 23, 2014, previously published on October 17, 2014
Cell phone carriers got a surprising new ally this week in their fight against stricter net-neutrality laws: General Motors (GM). The car company sent a letter to the Federal Communications Commission earlier this month urging the agency not to impose tough rules on wireless Internet service....

 

HTMLHouse Hearing on Ebola Preparedness
McDonald Hopkins LLC;
Legal Alert/Article
October 22, 2014, previously published on October 17, 2014
On Thursday, the Energy and Commerce subcommittee on Oversight and Investigations, chaired by GOP Rep. Tim Murphy(R-PA), held a hearing on Ebola. In particular the hearing examined the preparedness of the United States ports, point of entry, healthcare facilities and other institutions to identify,...

 


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