Art, Entertainment & Sports Tax Finance & Banking

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Online Poker Players Beware

I thought we had reached the end of our FBAR streak, but not yet. In a Federal District Court case opinion released last week, the Northern District of California ruled that a U.S. online gambler was obligated to report his...more

Enterprise Investment Scheme availability for film or television co-productions

HMRC has published a note to clarify the interaction between film or television co-productions and the Enterprise Investment Scheme (EIS). In the note, HMRC states that companies participating in a film or television...more

Interim IRS Guidance Confirms Per Capita Distributions from Tribal Trust Resources Are Nontaxable

Notice 2014-17 Is a Positive Development Because It Should Ultimately Result in Consistent IRS Treatment of Tribal Trust Resources, But Several Issues Remain Unresolved. The Notice provides that the IRS and Treasury...more

Top 10 Indian Tribal Tax Developments in 2013 and Priorities for 2014

In 2013, courts were active in issues relating to Indian tribes, including ruling on state tax matters and the federal income tax aspects of Section 17 corporations. The top 10 Indian tribal tax developments from 2013...more

Do You Know What Day It Is? The Risks and Benefits of the Animal Spokesperson

Do You Know What Day It Is? The Risks and Benefits of the Animal Spokesperson by Dan Brecher on October 9, 2013 Does Grumpy Cat have more Twitter followers than your business? If so, maybe it’s time for an animal...more

12 months gaming ban, is it a joke?

The Italian gaming market has suffered a period of high tension today when the Italian Parliament has approved a motion instructing the Goverment to urgently ban for 12 months both online gaming and land-based gaming systems...more

National Ambulatory Services Firm Seeks Chapter 11 Bankruptcy Protection

National Ambulatory Services Firm Seeks Chapter 11 Bankruptcy Protection by Joel R. Glucksman on August 16, 2013 Rural/Metro, an ambulance and fire protection services company, announced it has filed for Chapter 11...more

Does A Radio Station Have Goodwill?

A recent Claims Court case addressed whether a radio station's assets include goodwill....more

United Kingdom: TV and Animation Cultural Test Finalised

The UK Government has published The Cultural Test (Television Programmes) Regulations 2013 (the “Regulations“) which will come into force on 13 August 2013....more

N.Y. Casino Gaming Referendum: Expenditure Disclosure Confusion

In the last weeks before the general election, two ads run on TV. ...more

Spotlight on Mississippi: New and Increased Tax Incentives

Governor Phil Bryant recently signed into law two pieces of legislation aimed at increasing investment within the State of Mississippi....more

Gaming Legal News - June 13, 2013 • Volume 6, Number 13

In This Issue: - RICHARD KALM REAPPOINTED MGCB EXECUTIVE DIRECTOR: Richard Kalm, whose appointment as Executive Director of the Michigan Gaming Control Board was set to expire this year, has been appointed by...more

"Star Wars" – How to Win the Tax Battle When Your Talent Clients Work Abroad

In this article: - Income Tax - Other Foreign Taxes -- Vat And Social Security Taxes - Foreign Tax Credit Planning - U.S. Withholding Obligations - Use Of Loan Out Company -...more

Gaming Legal News - April 11, 2013 • Volume 6, Number 9

In This Issue: - MICHIGAN GAMING CONTROL BOARD APPROVES ATHENS ACQUISITION TRANSACTION: At its April 9 monthly meeting, the Michigan Gaming Control Board (“MGCB”) approved Athens Acquisition LLC’s acquisition...more

Gaming Legal News - February 13, 2013 • Volume 6, Number 4

In This Issue: - DOLLARS IN, DOLLARS OUT: DOES IT MAKE “CENTS” FOR TENNESSEE TO FURTHER LEGALIZE GAMBLING IN THE STATE? Uniquely situated in the mid-south, the state of Tennessee and its “three grand divisions,” or...more

Comparison of Canadian Content, Co-Ventures and Treaty Co-Productions

Canada has long been a pioneer in the international co-production area with numerous co-production treaties. Enclosed is a chart that provides a comparison of Canadian Content, Co-Ventures and Treaty...more

BINGO! Wait, you're taxing that?

The IRS periodically issues tax tips, and some of them catch my eye. This time, it was "Five Important Tips on Gambling Income and Losses." I bet you can guess what the biggest tip was: Winnings from gambling are income,...more

E&Y and MPAA Release Tax Credit Benefits Study

Ernst & Young LLP earlier this month released a study assessing the "economic benefits of film production tax incentives". The study, entitled "Evaluating the effectiveness of state film tax credit programs" was commissioned...more

Ethical Obligations Regarding Inadvertently Transmitted E-Mail Communications

There is no clear consensus among the relevant rules of professional conduct, case law or the related ethics opinions interpreting the rules of the ethical responsibilities of attorneys regarding inadvertently sent or...more

Co-Production Updates

Two items of note relating to the issue of international treaty co-productions which I believe indicate their re-emergence as a way of producing (especially in the current financial climate). First, Telefilm Canada...more

State + Local Tax Insights - Winter 2012

In this issue: Should Filmmakers Be Content to Have Taxing Authorities Judge Their Content? Upcoming 2012 Speaking Engagements; Individual Liability for Company Taxes; Potential Unity and Business Income in California;...more

A Terms of Trade Primer - Part 8 (Producer Fees/Overhead, Tax Credits, Audit Rights)

This is the eight (and final) installment in our series about the new Terms of Trade applicable to the English-language Canadian private broadcasting industry (Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7). This...more

MoFo New York Tax Insights - Volume 2, Issue 8 - August 2011

In this issue: Taxpayer May Subpoena State’s E-mails Interpreting Tax Law; Tribunal Finds Sufficient Business Purpose and Allows QEZE Credit; Tribunal Holds Interest Payable Only from Date of Amended Returns; Production...more

The Prudent Buyer's Guide to Art Fairs

Whether you are a first-time buyer or an experienced collector, the electricity surrounding an international art fair can overwhelm the senses. Lavish parties, rich history, and the subtle buzz of thousands of business deals...more

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