Our International Tax Group reviews Treasury’s proposed regulations that would add a jurisdictional nexus requirement to the analysis used to determine whether a foreign tax is an income tax for foreign tax credit purposes. What is the new … [Continue reading] about Digital Services Taxes and Nexus for Foreign Tax Credit Purposes
FAQs on Unclaimed Property Aspects of Retirement Assets
Our Unclaimed Property Team has created FAQs to stimulate review of the numerous challenges associated with the potential escheatment of traditional IRAs and other tax-advantaged retirement assets. How does ERISA play a part?Why would a custodian … [Continue reading] about FAQs on Unclaimed Property Aspects of Retirement Assets
UP Front: A 2021 Sightline for Unclaimed Property Professionals
Our Unclaimed Property Team provides a line of sight into the developing trends, ongoing policy debates, and litigated disputes that may shape the future of unclaimed property law and compliance. Legislation, both federal (H.R. 8696) and state … [Continue reading] about UP Front: A 2021 Sightline for Unclaimed Property Professionals
45Q Regulations Will Spur Carbon Capture and Storage Investment
Carbon capture and storage could play a major role in a Biden Administration eager to rejoin the Paris Agreement. Our Federal Tax Group provides a brief overview of the 45Q credit and key takeaways from the IRS’s new final regulations. Section 45Q … [Continue reading] about 45Q Regulations Will Spur Carbon Capture and Storage Investment
Biden’s International Tax Proposals – No Longer a Long Shot After Democrats Win in Georgia
What does a (barely) Democratic Senate mean for Biden’s tax plans? Our International Tax Group discusses the President-elect’s broad proposals and how they could change the cross-border tax landscape. Raising the corporate and capital gain tax … [Continue reading] about Biden’s International Tax Proposals – No Longer a Long Shot After Democrats Win in Georgia