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Results: 1-10 of 77

Michigan continues close scrutiny of related party aircraft leases

  • Barnes & Thornburg LLP
  • -
  • USA
  • -
  • August 4 2014

Michigan Court of Appeals has determined in FMG Leasing, LLC v. Dep't of Treasury No. 312448, 2014 WL 2931938 (Mich. Ct. App. June 26, 2014), that a

Lessor of aircraft denied Michigan use tax exemption because aircraft was not leased to the general public in an arm's length transaction

  • Spencer Fane Britt & Browne LLP
  • -
  • USA
  • -
  • July 25 2014

In FMG Leasing, LLC v. Dep't of Treasury, FMG Leasing was a limited liability company formed to hold title to an aircraft. No. 312448, 2014 WL

“Common carrier” and “sale for resale” tax exemptions denied to lessor of aircraft

  • Spencer Fane Britt & Browne LLP
  • -
  • USA
  • -
  • July 9 2014

The Missouri Administrative Hearing Commission has held that a lessor of an aircraft does not qualify for the "common carrier" or the "sale for

The importance of borders in a borderless world: Ontario Court stays action for U.S. transportation taxes

  • McCarthy Tétrault LLP
  • -
  • Canada, USA
  • -
  • June 4 2014

In Prince v. ACE Aviation Holdings Inc., the Ontario Court of Appeal stayed a class action based on allegations that Air Canada had improperly

Tax planning for the privatization of the space industry

  • Bilzin Sumberg Baena Price & Axelrod LLP
  • -
  • USA
  • -
  • May 28 2014

The privatization of the space industry has seen dramatic growth in recent years, and it appears that more significant developments are on the

Grounded: cross-border proceeding against Air Canada stayed on basis of forum non conveniens

  • Osler Hoskin & Harcourt LLP
  • -
  • Canada, USA
  • -
  • May 6 2014

Ontario courts often consider whether they should take jurisdiction over a class action with foreign elements. In its most recent decision - Prince v

The $11.2 million conference table: business aircraft upgrade creates a large tax bill

  • Wiley Rein LLP
  • -
  • USA
  • -
  • May 6 2014

The U.S. Tax Court denied an aircraft owner the "bonus" tax depreciation available for business aircraft because there was no conference table

Prince v ACE: extra-territorial effect of U.S. tax laws?

  • Dentons
  • -
  • Canada, USA
  • -
  • April 29 2014

Should a Canadian court exercise its jurisdiction to hear a class action lawsuit against Air Canada for improperly collecting U.S. travel taxes on

Get the FATCA outta here? Not likely

  • Vedder Price PC
  • -
  • USA
  • -
  • April 9 2014

Despite several delays, it seems almost certain that the "Foreign Account Tax Compliance Act"1 (FATCA) will finally go into effect on July 1, 2014

Company jet audit issues: a word to the wise

  • McDermott Will & Emery
  • -
  • USA
  • -
  • March 17 2014

Once a business attains a certain level of success, an aircraft often becomes a valued asset. Public and closely held private companies alike find