Science, Computers & Technology, Tax Law, Finance & Banking

Big Incentives for Investments in Cybersecurity

by Javier Siervo | Berkeley Research Group, LLC on 5/17/2013

Recently, Maryland Governor Martin O’Malley signed into law the Cybersecurity Investment Incentive Tax Credit. The credit is to be used against the state income tax of a Maryland cybersecurity company. To be eligible for the...more

I Want to Live in America!- Part I Tax Planning Considerations for Foreign Scientists and Engineers

by Gerald Nowotny on 4/17/2013

Overview - As discussions regarding immigration reform continue to unfold, one point that is not under discussion or subject to debate is the contribution of foreign scientists and engineers to the New Economy. The statistics...more

IRS Capitalized Legal Fees Incurred by Pharmaceutical Company

by En-Jiun Ma, Philip McCarty, Dwight Mersereau | McDermott Will & Emery on 4/15/2013

In a recently released Field Attorney Advice, the Internal Revenue Service (IRS) Office of Chief Counsel concluded that a pharmaceutical company must capitalize legal fees incurred to obtain Food and Drug Administration...more

Congress Returns from Spring Recess

by Mintz Levin on 4/9/2013

Congress returns to Washington today after a two-week district work period. As we enter the second quarter of the year, we are likely to see continued debate and some progress on: Budget & Appropriations; Presidential...more

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

Business News Digest – February 2013

In this issue: - What You Need to Know About the Proposed Maryland Investment Tax Credit for Cybersecurity - Trade Secret Legislation May Increase Infringement Claims and Lead to a Private Right of Action -...more

Tax Credits for Alternative Energy Manufacturing Facilities Just Announced

by Michael Hirschfeld | Dechert LLP on 2/15/2013

In order to foster investment and job creation in clean energy manufacturing, the American Recovery and Reinvestment Act of 2009 included a tax credit for investments in manufacturing facilities for clean energy technologies....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

Energy & Clean Tech Connections: Your Law Firm Link to Industry News -- February 2013

by Mintz Levin - Energy & Clean Technology on 2/5/2013

In the February edition of Energy & Clean Tech Connections, we’ve gathered recent information from a wide variety of sources in an effort to keep you abreast of what’s new in the world of clean energy. We draw your attention...more

What You Need to Know About the Proposed Maryland Investment Tax Credit for Cybersecurity

by Michael Baader, Andrew Bigart, Marta Harting, Dismas Locaria, Anthony Rosso, John Stierhoff | Venable LLP on 2/4/2013

On January 16, 2013, Maryland Governor Martin O’Malley proposed a budget for FY2014 that includes several provisions aimed at boosting the state’s already robust cybersecurity industry, including a new $3 million tax credit...more

Event: Update and Outlook on Tax & Financing Landscape for Clean Energy (Boston, MA)

by Mintz Levin - Energy & Clean Technology on 2/1/2013

The fiscal cliff tax deal reached on January 1st, 2013 has made permanent changes to the tax code that will affect the clean energy industry. This Thursday, January 31, 2013, the New England Clean Energy Council will host a...more

Treasury Issues Binding Guidance On Medical Device Excise Tax

by Rosemary Becchi, George Schutzer | Patton Boggs LLP on 12/12/2012

The Department of the Treasury and the Internal Revenue Service (IRS) published in the December 7, 2012 Federal Register final regulations and released other interim guidance on the implementation of the new excise tax on...more

France Shows its Support for Innovation by Improving its Research Tax Credit (RTC) System in the Draft Finance Act for 2013

by Bertrand Dussert | K&L Gates LLP on 11/19/2012

Large industrial, commercial and agricultural companies which are subject to company tax (or income tax on industrial and commercial profits) have been enthusiastic about the RTC system since its adoption. It is now proposed...more

Canada’s Supreme Court Releases First Transfer Pricing Decision in GlaxoSmithKline

by Osler, Hoskin & Harcourt LLP on 10/19/2012

In a unanimous decision, released on October 18, 2012, the Supreme Court of Canada upheld the judgment of the Federal Court of Appeal in Canada v. GlaxoSmithKline Inc. As the first transfer pricing case decided by the Supreme...more

2012 Life Sciences Tax Incentive Program Is Open in Massachusetts

by McDermott Will & Emery on 8/15/2012

Applications for the Massachusetts 2012 Life Sciences Tax Incentive (LSTI) Program are due on October 25, 2012, by noon. Incentives are a financial tool used by state and local governments throughout the United States to...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

This Week in Washington - April 20, 2012

by Patton Boggs LLP on 4/24/2012

In This Issue: DOMESTIC POLICY MATTERS Fiscal Year (FY) 2013 Budget/Appropriations. On April 18th, Senate Budget Committee Chair Kent Conrad (D-North Dakota) revised his plan to mark up a budget resolution and...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

2011 in Review: ERISA Individual Prohibited Transaction Exemptions

by Sutherland Asbill & Brennan LLP on 1/8/2012

In 2011, the Department of Labor (DOL) continued a fairly active program of issuing individual exemptions from the prohibited transaction rules of ERISA. These rules generally prohibit, among other things: -Sale and...more

January 4, 2012 - The Federal Crimes Watch Daily

by McNabb Associates, P.C. on 1/4/2012

The Federal Crimes Watch Daily is a daily newspaper that discusses current federal criminal issues written by a federal criminal defense attorney....more

Financial Services Quarterly Report - Fourth Quarter 2011

by Dechert LLP on 12/19/2011

In this issue: - Form PF: Private Fund Systemic Risk Reporting in the United States p. 1 - Harmony or Dissonance: A Comparison of Form PF and the Template Reporting Form Proposed in ESMA’s Level II Advice p. 4 -...more

Italy Issues Fourth Conto Energia: New Feed-In Tariffs for Production of Photovoltaic Energy in 2011 – 2016

by McDermott Will & Emery on 5/6/2011

Overview The Fourth Conto Energia replaces the incentive system introduced by the Third Conto Energia only nine months ago, originally intended to provide the support system for photovoltaic (PV) plants between 2011 and...more

The Life Sciences Report - Spring 2011

by Wilson Sonsini Goodrich & Rosati on 3/9/2011

In This Issue: New Pressures on the Pharma and Medical Device Industry Highlight the Importance of Compliance Programs...Page 1-2; Marketing Do’s and Don’ts: What Senior Management of Commercial-Stage Life Sciences...more

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Science, Computers & Technology › Tax Law › Finance & Banking