New York’s Pied-à-Terre Tax Has A Renovation Problem

On Sept. 10, 2026, the California Department of Tax and Fee Administration (CDTFA) held its second Interested Parties Meeting to discuss proposed emergency regulations implementing state Senate Bill 122...

Pennsylvania's Department of Revenue has eliminated a key safe harbor for consolidated filers, requiring separate-company calculations of federal interest expense limitations under IRC Section 163(j) for Corporate Net Income Tax purposes starting in 2025. The new guidance introduces complex tracking requirements for intercompany interest, third-party debt, and carryforwards while freezing conformity to pre-OBBB rules, creating significant compliance challenges for multistate corporations.

The IRS has issued Notice 2026-40 providing transition guidance for investors who deferred capital gains under the original Opportunity Zone program. While December 31, 2026 remains the mandatory recognition date for deferred gains, the guidance reveals a potential planning opportunity that may allow certain investors to continue deferring gains under the new Opportunity Zone regime through strategic pre-year-end transactions.

California's proposed Billionaire Tax Act would impose a onetime 5% excise tax on individuals and trusts with assets exceeding $1 billion, creating unprecedented challenges for estate planners. The retroactive application and anti-abuse provisions raise critical questions about the treatment of grantor trusts, non-grantor trusts, and beneficiary interests that deviate significantly from established federal wealth transfer tax principles.

Greenberg Traurig's State and Local Tax team is hitting the road this fall with a packed schedule of speaking engagements at premier tax conferences across the country. From the COST Annual Meeting in San Antonio to the Hartman SALT Forum in Nashville, GT attorneys will address critical topics including legislative updates, apportionment issues, property tax developments, and multistate planning strategies that are shaping the state tax landscape.

Private placement life insurance (PPLI) has been characterized as a tax loophole for the ultra-wealthy, but is that characterization accurate? This analysis examines the mechanics, regulatory framework, and evolving accessibility of PPLI, challenging common misconceptions about how these insurance products actually work and who can benefit from them.

The U.S. Department of the Treasury and IRS have released Notice 2026-53, establishing new emissions rate tables for the Section 45Z clean fuel production tax credit and implementing key amendments from the One Big Beautiful Bill Act. The notice introduces distinct emissions rates for transportation fuels derived from animal manure, permits farm-specific alternative fate determinations, and addresses the exclusion of indirect land use change emissions.

The United States cryptocurrency regulatory landscape has undergone its most dramatic transformation in history. The signing of the GENIUS Act into law on July 18, 2025 — the first comprehensive federal crypto statute ever enacted — marks a before-and-after moment for American digital asset law.

Washington voters will decide the future of the state’s new 9.9% tax on annual taxable income above $1 million after a repeal initiative qualified for the November ballot.

The IRS and Treasury Department have proposed sweeping new regulations that could strip tax-exempt status from private schools using race-based criteria in admissions, scholarships, or programs—even when designed to promote diversity or remedy historical discrimination. These proposed rules would affect an estimated 18,000 educational institutions nationwide and create significant compliance challenges for schools, their donors, and holders of tax-exempt bonds financing educational facilities.

Every few months, I find myself in a familiar conversation with a foreign investor who is approaching a French transaction for the first time. They have done cross-border deals before, and have done their research. They usually arrive with a version of the same assumption: that France is more complicated than it needs to be, that the regulatory environment is from a different era, and that with the right advisors, the complexity can be “figured out.”

Faisant application de la méthode d'assimilation issue de la jurisprudence Artémis, le Conseil d'État juge que des SARL unipersonnelles de droit luxembourgeois, dont le capital est divisé en parts sociales non librement négociables et dont l'associé unique ne répond des dettes sociales qu'à concurrence de ses apports, doivent être assimilées à des sociétés à responsabilité limitée de droit français dont l'associé unique est une personne physique.

Artificial intelligence is revolutionizing False Claims Act enforcement as government agencies increasingly deploy AI-assisted data mining to detect fraud and compliance violations. This shift from traditional whistleblower-driven investigations to algorithm-powered detection creates unprecedented compliance challenges for regulated businesses across all sectors.

In February 2022, hundreds of multinational companies operating in Russia faced a decision that their corporate structures weren’t designed to handle: exit, immediately, from a jurisdiction which became the target of the most massive international sanctions ever. Most importantly, they had to do it quickly, without triggering unintended consequences across the rest of their global operations.

Johannes Jonas, managing partner of Cohen & Gresser's Dubai office, explains why familiarity can create a false sense of confidence and why long-term success in the Gulf depends on understanding the region's business culture as much as its legal framework. The article examines common cultural and business mistakes made by first-time entrants and provides a practical five-point readiness checklist for companies considering expansion into the Gulf.

Johannes Jonas, managing partner of Cohen & Gresser's Dubai office, explains why familiarity can create a false sense of confidence—and why long-term success in the Gulf depends on understanding the region's business culture as much as its legal framework.

This advisory examines the lifecycle of a typical special purpose acquisition company (SPAC) through its initial public offering, highlighting current market trends, sponsor economics, SEC disclosure requirements, Nasdaq listing developments, and the practical considerations that shape today's SPAC transactions.

The greatest risks in a transaction don't always appear at the beginning. They often emerge when everyone believes the hard work is done. After months of negotiation, due diligence, and drafting, fatigue and urgency can begin to influence decision-making in subtle but meaningful ways.

The government's recent wave of Section 2 monopoly maintenance cases signals a significant shift in antitrust enforcement that extends well beyond Big Tech. Ronald F. Wick examines how established market leaders across healthcare, media, and other industries now face heightened scrutiny for maintaining their dominant positions through vertical integration and market power. Understanding the warning signs and compliance considerations has become essential for general counsel navigating this evolving enforcem

The U.S. Supreme Court's decision in Trump v. Slaughter is poised to fundamentally alter the landscape of federal regulatory enforcement and administrative rulemaking. This analysis explores the potential implications for FTC authority, independent agency operations, and the broader administrative state. Businesses face critical strategic decisions as they prepare for a transformed regulatory environment that may significantly curtail agency power.