Thinx Again: Another Start-Up In Trouble After Prioritizing Culture Over HR

In the latest HR headline from the start-up world, the offending executive doesn’t fit the typical mold, but the lesson remains the same: don’t ignore human resources.

Miki Agrawal, the self-proclaimed “SHE-eo” of THINX, and her “boundary pushing” workplace demeanor are the focus of a New York City Commission on Human Rights complaint by the former head of public relations, Chelsea Leibow. Leibow alleges that Agrawal created a hostile work environment through her constant discussion of sex, nudity around employees, and inappropriate touching of employees’ breasts.

Read full article
ILN Today Post

North Carolina: Lawmakers begin budget negotiations with a $552 million surplus

For tax years beginning on or after January 1, 2017, the Tar Heel state’s corporate and personal rates are set to drop, from 4 to 3 percent, and 5.75 percent to 5.49 percent, respectively. These reductions, contingent on hitting certain revenue growth targets, were part of the tax reform package passed in 2013, the Tax Simplification and Reduction Act.
The state’s current fiscal situation is strong. There is a $552.5 million surplus, and consensus projections from the Fiscal Research and the Office of State Budget and Management that anticipate stable, modest growth during the next biennium.
Read full article
ILN Today Post

Texas: Proposal to cap property tax increases proceeds out of the Senate

When Texas Gov. Greg Abbott gave his state-of-the-state speech earlier this year, he lamented the fact that “Texans are being crushed by property taxes,” and declared that they “should not stand for it.” Pointing out that “[p]roperty owners are not renting their land from the city,” he reasoned that the state needs “property tax reform that prevents cities from raising property taxes without voter approval. We need serious property tax reform with a real revenue cap.”

Read More

Read full article
ILN Today Post

Ohio: Transportation bill moves from legislature to Gov. Kasich

Lawmakers have passed HB 26, a transportation budget for fiscal years 2018 and 2019. It provides for $7.7 billion over the biennium, most of which is to come from motor vehicle fuel taxes and fees, and not the general revenue fund.
Allocations are set forth as follows:
  • The bulk of the funding, or $6.5 billion, to the Ohio Department of Transportation, for highway construction and maintenance;
  • $1.17 billion to the Department of Public Safety, for criminal and traffic law enforcement, driver licensing, motor vehicle registration and titling, disaster response and recovery, and traffic safety and education program administration;

Read More 

Read full article
ILN Today Post

Video criticizing financial institution will not have to be removed from Youtube

In a recent decision, the São Paulo Court of Justice denied a request from Banco Bradesco requesting the removal of video published on Youtube containing criticism of the investment fund of the financial institution.

According to the decision, the Rapporteur considered that the criticism made in the video did not exceed the limits of the legitimate exercise of the right to free expression of thought guaranteed by article 5, item IV of the Federal Constitution, since the consumer has the right to expose Dissatisfaction with the services provided by the bank. Moreover, according to the Rapporteur, consumer criticism does not offend the objective honor of Banco Bradesco, since it is one of the largest private banks in the country.

Read More

Read full article
ILN Today Post

KLA recommended by international publication Chambers Global 2017, Latin Lawyer 250 and Leaders League

The KLA was once again recognized by the internationally renowned Chambers Global 2017 , Latin Lawyer 250 and Leaders League publications . Congratulations to all those involved!
Check the results:

Chambers Global – An international reference publication ranking rankings for the best lawyers and law firms in the world.

Read More

Read full article
ILN Today Post

Har du styr på reglerne for beskatning af privat biludlejning og samkørsel?

Med debatten om taxikørsel er det interessant at dykke ned i reglerne for beskatning af biludlejning og samkørsel.

I den seneste tid har en politisk aftale om den fremtidige taxilov fyldt en del i medierne. Taxiloven får naturligvis betydning for virksomheder, der driver taxivirksomhed, herunder Uber. Hvordan de fremtidige rammer skal være for denne aktivitet, er en politisk afvejning.

Read More

Read full article
ILN Today Post

Pohland Herrenkleidung: Insolvenzplan unmittelbar vor der Fertigstellung, Filiale Dortmund wird geschlossen

Die Unternehmensfortführung der Pohland Herrenkleidung GmbH & Co. KG läuft weiterhin wie geplant. Der Insolvenzplan, den Frau Dr. Bettina E. Breitenbücher und ihr Team der KÜBLER GbR in den letzten Wochen erstellt haben, steht im Wesentlichen. In diesem Zuge wird Ende April die Filiale in Dortmund geschlossen, da der Vermieter das Mietverhältnis nicht fortführen wird.

Read More

Read full article

DOL Delays Fiduciary Rule

Advisers and financial institutions that provide fiduciary investment advice have an additional 60 days before having to comply with the final regulations defining who is a fiduciary under the Employee Retirement Income Security Act of 1974, as amended (the “Fiduciary Rule”).  On April 4, 2017, the Department of Labor (“DOL”) issued a final rule (the “Final Rule”), which delays the applicability date of the Fiduciary Rule until June 9, 2017 and also extends for 60 days the applicability dates of the Best Interest Contract Exemption (the “BIC Exemption”) and the Class Exemption for Principal Transactions in Certain Assets Between Investment Advice Fiduciaries and Employee Benefit Plans and IRA (the “Principal Transaction Exemption” and collectively, the “Exemptions”).  Advisers and financial institutions relying on the Exemptions as of June 9 need only comply with the impartial conduct standards (as explained below), as the remaining conditions of the Exemptions will not become effective until January 1, 2018, if not withdrawn or revised.  The 60-day delay was proposed by the DOL on March 2, 2017, in response to a directive from President Trump to review the Fiduciary Rule (the “President’s Memorandum”), as explained in this article.

Read full article

Talking Tax – Issue 72

Legislation and government policy

Treasury Laws Amendment (2017 Enterprise Incentives No 1) Bill and a more flexible similar business test introduced

On 30 March 2017, the Treasury Laws Amendment (2017 Enterprise Incentives No 1) Bill 2017 was introduced into Parliament. The proposed changes will provide companies and listed widely held trusts with better access to previous year tax losses, and provide taxpayers with the choice to self-assess the effective life of certain intangible depreciating assets.

Read full article