This year has been full of surprises in the global markets with Brexit, the Republicans’ win of the executive branch and continuing control of the legislative branch in the U.S.
Continue Reading Derivatives Update: What You Should Know As We Enter 2017
tax
New Proposed RIC Regulations
By Carl J. Riley on
The Internal Revenue Service (the Service) issued guidance last month that will, practically speaking, make it slightly more difficult for entities to qualify as regulated investment companies (RICs) for federal…
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Tax Treatment of Bitcoin Has Many Open Questions
By Marvin A. Kirsner on
It has been over two years since the IRS came out with its initial position on the tax treatment of Bitcoin and other virtual currencies, but there has yet to…
Continue Reading Tax Treatment of Bitcoin Has Many Open Questions
FinTech Companies Should Be Wary of Potential Sales Tax
By Labry Welty & Marvin A. Kirsner on
Posted in Financial Services Litigation, Fintech
As shown in a recent Texas case involving a financial technology (FinTech) business, the rapid advance of online professional services is colliding with states that impose sales tax on cloud…
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Unclaimed Property Litigation Update: Victories on the Horizon for the Holder Community?
By Brooke E. Ehrman‡ on
Posted in Unclaimed Property & Escheat
In recent years, states have become more and more aggressive in pursuing unclaimed property as a means of increasing revenue without increasing taxes. States have enacted and modified unclaimed property…
Continue Reading Unclaimed Property Litigation Update: Victories on the Horizon for the Holder Community?