Intellectual property shareholder, Sarah Brooks, and associate, Salil Bali‘s article, “Design Patents – Taking a Closer Look at These Valuable Assets” was published in The Fall 2014 “New Matter” Intellectual Property Publication. More…
The government tabled a detailed Notice of Ways and Means Motion today to implement a number of changes announced in Budget 2014, as well as other measures. One of these changes will provide greater flexibility with respect to charitable gifts that are made in a will.
Currently, any charitable gifts in an individual’s will are deemed to have been made by the individual immediately before they died and the donation tax credits that arise from the charitable gift can be used in the deceased’s terminal tax return or the immediately prior tax return. It is not possible for any excess credits to be used by the estate to offset any income that may be earned by the estate.
Today, the BC Government introduced new legislation aimed to help BC meet its greenhouse gas emission targets by imposing environmental standards on liquefied natural gas (LNG) export facilities operating within the province.
Under the Greenhouse Gas Industrial Reporting and Control Act, natural gas cooling facilities must meet a benchmark of 0.16 carbon dioxide equivalent (CO2e) tonnes per tonne of LNG produced. Per the BC Government background statement, leading global LNG facilities have emissions intensities between 0.18 and .027 tonnes of CO2e per tonne of LNG produced.
The ADC has achieved the “ton” with the issue of ADN 2014/100 on Friday, 17 October 2014.
Click here to view the ADN.
The Investigation was initiated at the application of OneSteel. More…
On 9 September 2014, the Courts Legislation (Miscellaneous Amendments) Act 2014(Vic) (the Act) was assented and will come into effect on 10 November 2014. The Act makes various amendments to the Supreme Court Act 1986 (Vic) and proposes a new regime for the Court of Appeal to hear civil appeals and applications.
The purpose of the Act is to further improve timeliness of the civil appeal process. More…
"TAX TIPS: ‘Material participation’ can be tough to prove," Carl Grassi for Crain’s Cleveland Business
Planning to transition the ownership and management of a business from the retiring “boomer” generation to the next generation presents challenging business, tax and other legal issues.
One issue in structuring this transition is how a retiring business owner can “materially participate,” and therefore be considered active in the business for tax purposes, after he has transitioned the business to his children.
A taxpayer who is active in a business can take advantage of several tax planning techniques, such as reducing the Net Investment Income (“NII”) tax on S corporation profits.
There have been concerns for some time that rogue residential landlords are letting their properties to illegal immigrants, who then evade deportation. These properties are often unsafe with no sanitation. With that in mind, new statutory provisions have been implemented that will fine landlords up to £3,000 if they do not check their tenants’ immigration status. British citizens, EEA and Swiss nationals and anyone who has indefinite leave to remain are fine. For everyone else, the landlord will have to carry out checks. Visitors with a time-limited visa (e.g. guest workers) will be allowed to rent for the duration of their visa but the landlord will need to follow up to make sure that the visa has been renewed and file a report to the Home Office if it has not. More…
This article was previously published in The Times on 9 October 2014.
After failing in her attempts to overhaul the Serious Fraud Office three years ago in the face of staunch opposition from the former attorney general, Dominic Grieve QC, and Justice Minister, Kenneth Clarke, Theresa May is now considering reviving her plans to dismantle the much maligned organisation. The SFO has received its fair share of bad publicity ranging from the ill-conceived Tchenguiz investigation to alleged secret payments to exit staff. More…
The development of a pharmaceutical drug is a slow, deliberate process, and it can take years of back-and-forth between scientists and health officials before medicine makes it to the market.
But the worst Ebola outbreak in history has changed all that. The Food and Drug Administration is in crisis mode, and its process of reviewing applications for new drugs has been pushed into overdrive. The arrival of the deadly virus on American soil has created an unprecedented situation for the regulatory agency, especially when it comes to experimental drugs.
Brands and the agencies that help market them have full plates. Just keeping up with the way technology has changed, and how brands communicate with customers is, to say the least, a full time job. But, there are so many things that affect businesses, not the least of which is how government regulation can either help or hinder what we do.
That’s why organizations like the American Association of Advertising Agencies (4A’s) are so important. Among its many roles, the 4A’s advocates for advertising and marketing agencies and the other businesses it supports on a wide variety of issues. Some of the biggest items on its current docket: