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California court finds securitization entities subject to California income tax

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 13 2013

A California Superior Court has issued a decision with significant impact on financial services. In the case, Harley-Davidson, Inc. v. Franchise Tax

IRS proposes regulations to implement certain ACA insurance premium tax credit, medical loss ratio provisions

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 13 2013

On May 3, 2013, the Internal Revenue Service (IRS) published proposed regulations implementing the ACA's health insurance premium tax credit, as

South Carolina Supreme Court (reluctantly) upholds sales tax exemptions

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 9 2013

Yesterday, the South Carolina Supreme Court issued its long-awaited decision in Bodman v. South Carolina, holding that the state's sales and use tax

Illinois tax developments (1st Quarter 2013)

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 8 2013

Welcome to the first of a new series of quarterly updates from Reed Smith on state tax developments in Illinois. Every three months we will be giving

Two more courts 'just say no' to transfer taxes for Fannie and Freddie

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 7 2013

Last week, two more federal district courts dismissed suits seeking to collect transfer real estate taxes from Fannie Mae, Freddie Mac, and their

IRS proposes regulations on $500,000 deduction limit for compensation provided by health insurance providers

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 26 2013

On April 1, 2013, the Internal Revenue Service ("IRS") published proposed regulations clarifying the $500,000 deduction limit for compensation

Investing in luxury properties in France: a counterflow strategy that could pay off

  • Reed Smith LLP
  • -
  • France
  • -
  • April 26 2013

Since the new taxation reform was passed earlier this year, a number of wealthy owners have moved out of France and put up their properties for sale

Massachusetts tax developments (1st Quarter 2013)

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 25 2013

The first quarter of 2013 saw Massachusetts developments for some the biggest tax issues facing the state, including taxation and sourcing of cloud

Department contacting "noncompliant" remote sellers about sales tax nexus

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 23 2013

This is a brief update on recent Pennsylvania tax developments. It is intended to provide an overview of issues and cases to watch, as well as

Legislative update - tax

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 23 2013

For FY 2013-2014, Governor Corbett is proposing his largest budget increase yet$679 milliontaking Pennsylvania's general fund