Monthly Archives: January 2017

ILN Today Post

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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ILN Today Post

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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ILN Today Post

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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ILN Today Post

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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ILN Today Post

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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Rainmaking Recommendation from Jaimie Field: New Year’s Resolutions (aka Decisions, Decisions, Decisions)

Rainmaking expert and trainer, Jaimie Field, is back with her bi-monthly recommendations, and she’s kicking off the year by talking about resolutions (Do you have any?). See what she has to say about every day decisions adding up to big changes.

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Will Requiring Flu Vaccinations Leave Employers Feeling Under the Weather?

With flu season quickly approaching, health care employers may be considering mandatory influenza vaccinations for their workforce. Mandatory vaccination policies may dramatically increase patient safety, but they may also cause friction within the workforce when employees object on religious grounds to being vaccinated.

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Three Ways to Inspire Your Marketing in 2017

FullSizeRender2017 is here and that means a fresh, clean slate, right?

I like fresh starts, and I like that I feel like I get two of them during the year – one in January with the advent of a new year, and one in September when the school year begins again (even though I’m not in school anymore). But with 2017, I’m struggling to feel rejuvenated. It could be the two solid days of rain we’ve had to kick off this week, or the tough slog that was 2016, but whatever the reason, I’m just not feeling it this week.

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