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HTMLIllinois Attorney General's Office Announces Intention to Dismiss False Claims Act Against Liquor Retailers
Yael D. Aufgang, Morgan R. Hirst, Mark P. Rotatori; Jones Day;
Legal Alert/Article
May 12, 2015, previously published on April 2015
More than 50 cases have been filed against out-of-state liquor retailers and other retailers pursuant to the Illinois False Claims Act ("FCA") in Cook County, Illinois Circuit Court in Chicago. These cases are currently pending before Circuit Court Judge James Snyder.

 

HTMLThe Rock or the Hard Place? South Carolina Issues Draft Guidance on Alternative Apportionment
Open Weaver Banks, Stephen A. Burroughs; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
April 30, 2015, previously published on April 29, 2015
The South Carolina Department of Revenue requested public comment on a draft Revenue Ruling and a draft Revenue Procedure that detail how it will prospectively apply alternative apportionment to multistate taxpayers. This represents the Department’s second attempt at drafting alternative...

 

HTMLMassachusetts: Amazon to Receive Millions in Tax Credits for a New Fulfillment Center
David H. Godenswager, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
April 21, 2015, previously published on April 16, 2015
Massachusetts Gov. Charlie Baker recently announced approval of an incentive package for a proposed expansion of an Amazon.com fulfillment center that will sit in both the City of Fall River and the Town of Freetown, in Bristol County. Officials expect it to be operational in late 2016. The...

 

Adobe PDFThree Things US Audit Committee Members Should Consider in 2015
David S. Bakst, Jason S. Bazar, John P. Berkery, Edward S. Best, Jennifer J. Carlson; Mayer Brown LLP;
Legal Alert/Article
April 14, 2015, previously published on January 23, 2015
Audit Committees are facing increased demands from many quarters heading into 2015, which expand their responsibilities, expose them to greater regulatory scrutiny and potential liabilities, and provide the basis for proxy and shareholder activists to oppose the re-election of Audit Committee...

 

HTMLIncreased Rates of Rent for the Use of Mineral Resources
Myron B. Rabij; Dentons Canada LLP;
Legal Alert/Article
April 14, 2015, previously published on March 6, 2015
On March 2, 2015 the Verkhovna Rada of Ukraine urgently adopted several laws, including the Draft Law on Amendments to Articles 165 and 252 of the Tax Code of Ukraine (registered by the Verkhovna Rada under number 2213) (the “Law”), which changes the rates of rent for mineral resources...

 

HTMLFederal Revenue Ordinance No. 1
Carolina M. Bottino, Roberta P. Caneca, Celso Grisi, Ivan Tauil, Eduardo Maccari Telles; Tauil & Chequer Advogados in association with Mayer Brown LLP;
Legal Alert/Article
April 7, 2015, previously published on February 25, 2015
On February 18, 2015 the Federal Revenue Ordinance no. 1 was enacted, which regulates the federal tax installment program, applied to companies and shareholders that are under judicial reorganization, instituted by the Law 13.043/14 (derived from the conversion of Provisional Measure 651/14).

 

Adobe PDFRenewable Energy Tax Reform - Where Are We Today?
Eric D. Swenson; Procopio, Cory, Hargreaves & Savitch LLP;
Legal Alert/Article
March 31, 2015, previously published on December 2014
Tax reform, including renewable energy tax incentives, are currently a hot area for debate in Congress. Many of the most important tax incentives relating to renewable energy sources, including the Production Tax Credit ("PTC") and the Investment Tax Credit ("ITC"), expired at...

 

Adobe PDFPresident Obama’s Fiscal Year 2016 Revenue Proposals: Proposals Relating to Taxation of Offshore Profits of U.S. Corporations
Ronald E. Creamer, Andrew S. Mason, Davis J. Wang; Sullivan & Cromwell LLP;
Legal Alert/Article
March 27, 2015, previously published on February 2, 2015
On February 2, 2015, the Obama Administration (the “Administration”) released the General Explanations of the Administration’s Fiscal Year 2016 Revenue Proposals (commonly known as the “Green Book”), which contains significant detail about the fiscal year 2016 revenue...

 

HTMLReduction in South Dakota Coop Taxes Vetoed
Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 24, 2015, previously published on March 23, 2015
South Dakota Governor Dennis Daugaard has vetoed a bill that would have slightly reduced electric cooperatives’ taxes by rolling back a recent administrative decision on how state tax for electric cooperatives is determined and excluding municipal taxes from calculations of state tax...

 

HTMLGovernor Tom Wolf Releases First Budget (2015-2016)
Linda T. Ambroso, Steven D. Irwin; Leech Tishman;
Legal Alert/Article
March 24, 2015
Today, March 3, Pennsylvania Governor Tom Wolf presented the General Assembly with his first budget. Wolf’s plan plugs a $2B hole in the state’s finances while boosting support to education and reducing taxes on businesses and property owners. Tax increases on natural gas extraction...

 


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