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Nordstrom's preliminary injunction denied - VCI 2 is still on
  • Reed Smith LLP
  • USA
  • October 25 2011

With just one week left before the end of California's second Voluntary Compliance Initiative ("VCI 2"), a trial court considered whether the VCI 2 compliance period should remain open past October 31 pending a decision on whether one of the key provisions of VCI 2 is constitutional

Now that VCI 2 is enacted what to expect
  • Reed Smith LLP
  • USA
  • April 4 2011

Last week we described a new Voluntary Compliance Initiative (VCI 2) that the legislature passed as a part of Senate Bill 86, and we informed our clients and friends that we expected Gov. Jerry Brown to approve the measure shortly thereafter.

New voluntary compliance initiative in California for tax shelters creates new dilemma for taxpayers
  • Reed Smith LLP
  • USA
  • March 23 2011

The California Legislature recently passed Senate Bill 86-another voluntary compliance initiative.