Regions

Think Tank: 2017 is shaping up to be a major year for state gas tax reform

The Institute on Taxation and Economic Policy (Institute) released a late December article predicting that significant gas tax reforms will occur in numerous states in 2017. As examples, the Institute pointed to Alaska’s Gov. Bill Walker, who has proposed tripling his state’s gas tax; and Indiana, Louisiana, and Tennessee, where officials are considering their own reforms. “Altogether, it appears that more than a dozen states will seriously debate gas tax changes next year.”

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FY 2016 False Claims Act Recoveries: Government Enforcement Remains Lucrative and a Continued Source of Risk for Health Care Entities—But Will This Change in a Trump Administration?

The federal government continues to secure significant recoveries through settlements and court awards related to its enforcement of the False Claims Act (FCA), particularly resulting from actions brought by qui tam relators. In fiscal year (FY) 2016, the federal government reported that it recovered $2.5 billion from the health care industry. Of that $2.5 billion, $1.2 billion was recovered from the drug and medical device industry.  Another $360 million was recovered from hospitals and outpatient clinics.

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Ohio: Gov. Kasich signs law requiring periodic review of tax loopholes

Last month, we described House Bill 9 (HB9), introduced by state representative Terry Boose, that addressed the periodic review of tax expenditures. At the time, there was a hitch when the House rejected the Senate’s version of the legislation, nearly unanimously.
The crux of the problem with the Senate’s version was the provision that precluded the Director of Administrative Services from making any purchases without prior approval of the controlling board. In fiscal year 2016, the revenue reduction from tax expenditures was $8.49 billion, and in fiscal 2017, $8.86 billion. Lawmakers resolved their disagreement, and Gov. John Kasich signed the bill just before Christmas, along with 16 others.
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Illinois: Amazon.com tax incentive may be last deal for some time

A year ago, we addressed Illinois Gov. Bruce Rauner’s revival of the state’s Economic Development for a Growing Economy (EDGE) tax credit program, which is designed to give firms a reason to create new, full time jobs and make capital investments in the state. For example, EDGE is the tax incentive program that officials used in 2015 when they awarded incentives to ConAgra in connection with their relocation from Omaha to Chicago.

EDGE operates under Illinois’ Department of Commerce and Economic Opportunity. In its latest annual report, for 2015, the Department noted a few improvements that it and Gov. Rauner made after he took office in January 2015 to make sure that the state’s investments were fiscally responsible, and that they appropriately balanced investment with benefits.

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Howard & Howard congratulates four new shareholders

Royal Oak, Michigan, January 5, 2017: Howard & Howard Attorneys PLLC is pleased to announce that Stephanie S. Buntin, Ellen E. Ernst, Robert W. Hernquist, and Nolan A. Yaldo have all become shareholders in the firm.

Stephanie S. Buntin concentrates her practice on intellectual property. She focuses on domestic and foreign patent prosecution, trademark prosecution, as well as trademark clearance, policing and enforcement.

Ellen E. Ernst concentrates her practice in a variety of corporate tax matters. She advises clients on planning, transactional, and compliance issues relating to income and franchise taxes and has experience working with public and private companies throughout the country and internationally.

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Argentina Ministry of Economy issues resolution repealing foreign exchange requirement

On May 5th, 2017, the Argentina Ministry of Economy issued a resolution repealing a foreign exchange requirement regarding loans between Argentine residents and foreign residents. Loans made by foreign residents to Argentine residents could only be repaid after a 120-day period had elapsed since the conversion into pesos of the proceeds of the loan. This 120-day waiting period has been repealed today, meaning that amortization schedules of loans can be agreed upon between the parties freely.

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(Français) Témoignage d’une étudiante – Réseautage et Course au stage

Plusieurs me demandent souvent s’il est important d’aller aux nombreuses activités organisées par les cabinets dans le cadre du processus de recrutement. La réponse est simple. Il ne faut pas laisser la peur vous empêcher d’aller au-devant des gens pour faire des rencontres. À moins que vous ne soyez un jeune prodige avec une côte universitaire frôlant les 4.3, personne ne vous connait et votre dossier de candidature risque de se perdre dans la masse estudiantine. Il est donc importantpour ne pas dire TRÈS TRÈS IMPORTANT, d’aller vers les gens afin de créer des opportunités et des rencontres payantes  pouvant vous amener vers une carrière passionnante. Il est clair qu’après une longue journée de cours, vous préfèreriez rentrer vous lover dans votre sofa et regarder « Un souper presque parfait ». Toutefois, vous ne ferez jamais une bonne affaire en restant à la maison et en espérant que les cabinets viennent vers vous. Les seules personnes susceptibles de venir sonner à votre porte sont ces charmantes petites filles qui vendent des barres de chocolat pour amasser des fonds.  Alors, dépassez le stress et l’angoisse de vous retrouver seul, un verre de vin à la main, dans une salle où vous ne connaissez personne et prenez un risque, celui de maximiser vos chances de réussite.

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(Français) Témoignage d’une étudiante – Une course c’est bien, mais deux c’est mieux!

On le sait déjà, participer au processus de la course aux stages peut s’avérer assez éprouvant. L’idée de devoir y reprendre part l’année suivante peut alors sembler décourageante, mais détrompez-vous! Il s’agit de la parfaite occasion pour corriger le tir.

Pourquoi?

Parce que vous connaissez simplement mieux le milieu. En effet, vous comprenez à présent la différence entre un cabinet national et un cabinet régional, vous percevez plus clairement les enjeux auxquels font face les bureaux de tailles différentes, vous avez peut-être même eu l’opportunité de discuter avec plusieurs avocats en ce qui a trait à la culture de chaque environnement de travail. Il s’agit maintenant de mieux cibler les cabinets qui vous intéressent et de faire une course plus stratégique.

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High Court finds Receiver is Not Validly Appointed

In Harrington v Gulland Property Finance Limited, two Cork businessmen succeeded in obtaining an interlocutory injunction restraining a receiver from taking possession of certain registered properties at an industrial estate in Cork. The properties in question were subject to a charge in favour of IBRC which had subsequently transferred to the defendant.

The High Court, in granting the injunction, stated that because the instrument by which the charge was transferred from IBRC to Gulland Property Finance Limited (“Gulland”) had not been registered in the Land Registry, the receiver appointed to the properties was not validly appointed.

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Argentina and Mexico enter into a Double Taxation Treaty (DTT)

Argentina and Mexico have entered into a Double Taxation Treaty (DTT). Entry into force is yet pending. We estimate that the provisions of the agreement shall have effect as from fiscal year beginning on January 1st, 2018.

Some relevant provisions applicable to intercompany transactions are as follows:

1) Interests: Withholding tax may not exceed 12% (reduced from 35% Argentine withholding tax rate).

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