California Democratic lawmakers recently introduced Assembly Constitutional Amendment 11 (ACA 11) which proposes to abolish the State Board of Equalization...

A New Mexico Hearing Officer found that Gross Receipts Tax does not apply to a taxpayer's markup for services performed outside New Mexico, but the taxpayer's reimbursements for payroll to New Mexico employees are taxable New Mexico receipts.

Recently enacted Internal Revenue Code section 409A established new requirements for employee elections to defer compensation under nonqualified deferred compensation plans.

In today's News of Note, anxieties continue to grow over AI-generated art, effective cybersecurity for the high-tech era, and the impact of facial recognition and gunshot detection technology on human rights.

On April 13, 2023, the Environmental Protection Agency (EPA) issued an Advanced Notice of Proposed Rulemaking (ANPRM) requesting input on seven potential future hazardous substance designations...

In a prior post, we reported an important ruling of first impression by the Delaware Superior Court that a shareholder appraisal action against Pillsbury's...

An expert is one who knows more and more about less and less. This humorous, but glib, way of explaining the age of specialization comes courtesy of Nicholas Butler, Columbia University's president for most of the first half of the 20th Century.

On July 12, 2006, the Securities and Exchange Commission (the "SEC") voted to publish an Interpretive Release (the "Release") that provides guidance on money managers' use of client commissions to pay for brokerage and research services under the "soft dollars" safe harbor in Section 28(e) of the Securities Exchange Act of 1934.

Hurricane Katrina caused immense devastation to both life and property in the Gulf Coast region. To our clients, friends and families, we extend our sympathies for the losses they have suffered.

In our latest roundup, the commercial real estate sector continues to wobble, construction booms and busts, flood insurance premiums reach eye-watering levels, and more.

The California Office of Tax Appeals (OTA)—in a 3-0 pending precedential opinion granting the Appeal of Jali, LLC—has rejected the Franchise Tax Board's (FTB) 0.2 percent ...

As environmental, social and governance (ESG) considerations continue to gain global importance in the context of mergers and acquisitions (M&A), many buyers are requiring human rights in their due diligence processes.

Although the 2022 Men's FIFA World Cup concluded less than six weeks ago, plans are already being laid for the next iteration of the tournament, which will take place in cities across North America.

The new Russian Presidential decree authorizes the suspension of voting rights of some Western minority shareholders and members in Russian companies until the end of 2023.

The Armed Services Board of Contract Appeals (ASBCA) reduced its docket for the fifth consecutive year, signaling potentially faster appeals for contractors.

In the age where toys can happily entertain kids by talking to them, the few precious moments those toys buy parents may not be without risk.

The Commonwealth of Virginia will no longer impose a state estate tax, effective for the estates of decedents who die after July 1, 2007. On August 28, 2006, the General Assembly approved changes made to H.B. 5019 and S.B. 5019 by Virginia Governor Timothy Kaine. The identical bills repealed the Commonwealth’s estate tax and modified its land conservation tax credit program.

Pillsbury Winthrop Shaw Pittman lawyers secure landmark decision from Delaware Supreme Court.

In our latest roundup, seller impersonation fraud becomes an issue in the United States, major retailers are closing over 3,000 stores nationwide...