Monthly Archives: July 2019

ILN Today Post

Potential Tax Implications of Investment in Shares of a ‘For Profit’ Company by a Charitable Institution

India has a large number of ‘not for profit’ institutions in the form of public charitable trusts, societies and Section 8 companies. These institutions are not only engaged in socio-economic development activities for poor and economically backward classes but are also involved in education and health care sectors and have set up successful educational institutions and hospitals across India. Many of these charitable institutions have hugely profitable balance sheets and want to invest in share capital of other companies. The moot question that arises is whether these tax-exempt charitable institutions are entitled to participate and invest in other ‘for profit’ companies and continue to avail their tax exemptions.

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Arbitration Explained

Arbitration is a private alternative to court litigation. Michael Carrigan, is our Dispute Resolution Consultant and Arbitrator, navigates this deciding process.

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HOMS News Issue 1 2019

I hope you are enjoying the summer. We have had a busy six months since our last edition.

We are coming to terms with Brexit. There has been much discussion of the negative impacts of this prolonged period of uncertainly. We are buoyed by the figures released by IDA, which suggest that since the UK’s referendum on EU membership in 2016, 70 Brexit-related investment have led to more than 5,000 jobs being created. George Kennedy, Partner, provided some interesting insights in his recent interview with Business Plus.

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Want to Build Better Business Relationships? Try Content Marketing

Remember the good old days when we just did a bunch of things and didn’t have specialized terms for them? Yep, these aren’t them.

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Time Is Money: A Quick Wage-Hour Tip on…Time-Rounding

For decades, employers have rounded non-exempt employees’ work time when calculating their compensation.  Maybe they have rounded employee work time to the nearest 10 minutes, maybe to the nearest quarter hour, but they done it and, generally, the courts have approved of it.

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ILN Today Post

Can Insurance Premiums Be Reduced?

The Personal Injuries Commission (PIC) report has made important recommendations for ways to reduce insurance premiums and legal costs in the insurance sector.

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ASIC’s consults on its administration of its new product intervention powers

In this article we consider ASIC’s consultation package in relation to the exercise of its new product intervention powers, including some observations about ASIC’s understanding of and proposed implementation of the new regime.

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