Business Organization, Tax Law, Science, Computers & Technology

New Jersey Enacts Law Encouraging Angel Investments in Emerging Technology Companies

by David Sussman | Duane Morris LLP on 4/8/2013

On January 31, 2013, New Jersey Governor Chris Christie signed into law the New Jersey Angel Investor Tax Credit Act (Senate Bill 581) (the "Act"). The Act is intended to encourage investment and growth in New Jersey-based...more

Legal Alert: A Trend Emerging? District Court Disallows $1 Billion of Deductions

by David Cho, Thomas Cullinan, Joseph DePew, Mary Monahan, Daniel Schlueter, Jeffrey Starkey | Sutherland Asbill & Brennan LLP on 4/4/2013

Earlier this year, the United States District Court for the Middle District of Louisiana upheld the Internal Revenue Service’s disallowance of $1 billion of deductions claimed by Dow Chemical in relation to two transactions...more

Income Tax Apportionment for Software Companies

by Michael Cho | Berkeley Research Group, LLC on 2/20/2013

The Virginia Department of Taxation recently released guidelines regarding the Commonwealth’s modification to the corporate income tax apportionment formula for manufacturing companies....more

New Jersey Enacts Tax Credit For Angel Investors

by Richard J. Horne, Andrew Segna, Brian Silikovitz | Lowenstein Sandler LLP on 2/14/2013

On January 31, 2013, Governor Chris Christie signed into law the New Jersey Angel Investor Tax Credit Act (the “Act”), which is intended to incentivize investment in New Jersey technology businesses. The Act provides tax...more

Tax Treatment of Deferred Start-Up Costs for Life Science Companies

by Pepper Hamilton LLP on 6/26/2012

The pre-commercialization life science company is generally funded with various rounds of financing that are used to research and develop products. During this time frame, life science companies generally do not have a...more

Inside the (Patent) Box: UK Government introduces beneficial tax regime on patent income

by Morrison & Foerster LLP on 5/1/2012

Beginning on 1 April 2013, the UK Government will reduce the rate of corporation tax payable in the UK on profits arising from patents and some other forms of intellectual property (“IP”). The reduced tax rate implemented by...more

Strategic Intellectual Property Offshoring Through Outsourcing

by Fred Logue on 4/26/2012

Traditionally intellectual property (IP) offshoring has been used by multinational corporations as a way to reduce their global effective tax rates by holding their IP in low tax offshore jurisdictions. The 2009 relocation by...more

Monetizing Life Science Company Net Operating Losses

by Fenwick & West Life Sciences Group on 4/12/2012

As in most high-risk businesses, tax losses are an important consideration for life science startups. Indeed, given that only one company in 20 or 30 ultimately succeeds, a tax loss is frequently the only asset the company...more

Tax Communiqué - March 31 2012

by Heenan Blaikie LLP on 4/2/2012

Scientific Research & Experimental Development Program Budget 2012 provides significant changes to the funding model for scientific research and experimental development. This involves an increase in the amount of direct...more

China 20/20: Legal & Regulatory Developments

by Orrick, Herrington & Sutcliffe LLP on 3/21/2012

In This Issue MOFCOM Issues Measures on Investigation and Handling of Failure on Declaration of Business Operators' Concentration Implementing Regulations for the PRC Bid Invitation and Submission Law Tax...more

Sutherland Salt Shaker Vol. 2 No. 3- March 21, 2011

by Sutherland Asbill & Brennan LLP on 3/22/2011

New Jersey Tax Court Finds “User Error” in Treatment of Extraterritorial Income; Discrimination Train Has Left the Station: U.S. Supreme Court Remands Alabama Railroad Case; Ouch! Taxpayer Seeks to Pierce Its Own Veil; Salt...more

IRS Guidance Regarding Qualifying Therapeutic Discovery Project Credit

by Pryor Cashman LLP on 5/27/2010

On May 21, 2010, the Internal Revenue Service released Notice 2010-45,1 which provides anticipated guidance regarding the filing of claims for a qualifying therapeutic discovery project (“QTDP”) credit. The QTDP credit is a...more

Health Care Reform Advisory: Update on the Billion-Dollar Tax Credit and Grant Opportunity: What Life Sciences Companies Can Do...

by Mintz Levin - Health Law on 4/30/2010

In a recent advisory, we reported that the Patient Protection and Affordable Care Act (a.k.a. the health care reform bill) includes $1 billion in tax credits and grants to defray the costs of therapeutic research by small and...more