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BLG Monthly Update

  • Borden Ladner Gervais LLP
  • -
  • Argentina, Australia, Canada, United Kingdom, USA
  • -
  • December 19 2012

The BLG Monthly Update is a digest of recent developments in the law which Neil Guthrie, our National Director of Research, thinks you will find

Recent developments for the fourth quarter 2011

  • Baker & McKenzie
  • -
  • Canada, China, Denmark, European Union, France, Germany, Ireland, Italy, Japan, Netherlands, Switzerland, United Kingdom, USA
  • -
  • March 15 2012

The end of the year and beginning of a new year is always a busy time for us, as it is for most of our clients

Another unexpected surprise for international assignees: section 457a (no, not 409a!) of the U.S. tax code

  • Littler Mendelson
  • -
  • USA
  • -
  • February 14 2012

By now, most lawyers advising international companies on compensation packages for expatriates that include deferred compensation are familiar with section 409A of the United States Internal Revenue Code ("US tax code" or "Code"

Irs releases additional fatca guidance

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 26 2011

Enacted as part of the Hiring Incentives to Restore Employment Act in March 2010, the Foreign Account Tax Compliance Act ("FATCA") provides new withholding rules designed to encourage information reporting on foreign accounts held by U.S. persons

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

  • Duane Morris LLP
  • -
  • USA
  • -
  • December 27 2010

On December 17, 2010, President Obama signed into law the greatly contested and debated the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "Act"

IRS addresses theft loss deductions for IRA and charitable trust investments in Ponzi schemes

  • Loeb & Loeb LLP
  • -
  • USA
  • -
  • December 1 2010

On September 24, 2010, the IRS released a letter (the "Letter") addressing the availability of tax deductions for Ponzi scheme losses relating to assets held in individual retirement accounts ("IRAs") or similar tax-deferred investment vehicles and assets held by charitable trusts

HIRE Act provisions designed to crack down on offshore tax evasion

  • Choate Hall & Stewart LLP
  • -
  • USA
  • -
  • April 20 2010

The new HIRE Act contains provisions intended to target offshore tax evasion by forcing the production of information relating to foreign assets owned by US persons

HIRE Act: FATCA provisions affect rules governing foreign trusts and reporting requirements

  • McDermott Will & Emery
  • -
  • USA
  • -
  • April 19 2010

On March 18, 2010, President Obama signed into law H.R. 2847, the Hiring Incentives to Restore Employment Act (HIRE

President signs HIRE Act, including FACTA provisions combating offshore tax evasion

  • Pillsbury Winthrop Shaw Pittman LLP
  • -
  • USA
  • -
  • March 18 2010

On March 18, 2010, President Obama signed the Hiring Incentives to Restore Employment Act (the "Act"), which hopes to create jobs with measures such as a "Social Security holiday" for employers that hire previously unemployed workers, an extension of highway and mass transit funding, and an expansion of the Build America Bonds program

New IRS guidance discusses restrictions on deferred compensation payable by certain off shore funds

  • Drinker Biddle & Reath LLP
  • -
  • USA
  • -
  • January 26 2009

New section 457A of the Internal Revenue Code became effective January 1, 2009, and generally provides that amounts deferred under a nonqualified deferred compensation plan sponsored by certain offshore funds and other “nonqualified entities” is included in the service provider's taxable income when the deferred compensation is no longer subject to a “substantial risk of forfeiture,” whether or not it is payable to the service provider at that time