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
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
MA Senate Bill Would Revise Incentives for Renewable Energy Development by Mintz Levin on 4/17/2012 On April 5, 2012, the Massachusetts Senate unanimously passed a bill that aims to curb rising energy costs and expand renewable energy development. Senate Bill (SB) 2214, a bill “Relative to Competitively Priced Electricity...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
Major SR&ED Changes on the Horizon by Fraser Milner Casgrain LLP on 3/23/2012 Does your business make use of Scientific Research and Experimental Development (“SR&ED”) tax deductions and credits? If so, take note – major changes to the program will likely be announced in the upcoming federal budget,...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
Good Company - Winter 2012 by Sheehan Phinney Bass + Green PA on 2/10/2012 In this issue: Minimizing the Risk of Data Theft Through Cloud Computing Keeping Up with Technology and Ahead of Your Competition Imagine the following: Your business has a banner year, but one of...more
Court of International Trade Ruling Provides Tariff Relief for Cell Culture Bioreactors by Sheppard Mullin Richter & Hampton LLP on 1/19/2012 A recent ruling from the U.S. Court of International Trade has the potential to reduce customs duties significantly for some biotechnology companies. In Applikon Biotechnology Inc. v. United States, 07-364 (Ct. Int’l Trade...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
WTO Accession of the Russian Federation - Implications for Pharmaceuticals and Medical Devices by King & Spalding on 12/22/2011 Russia’s accession to the World Trade Organization (WTO) will create opportunities to increase exports of pharmaceutical products and medical devices. On 16 December 2011, WTO Members accepted the terms of the Russian...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
SAS System to Be Used to Ensure Tax Compliance by Darrin Mish, Tampa Tax Attorney on 12/12/2011 The IRS will be employing a new system designed to ensure greater tax compliance. SAS, a business analytics software and services company, has won a $6.25 million contract to support IRS’ new electronic Return Review Program...more
Why Are the Feds Willing to Pay the Cost of Fraud? by Patrick Malone & Associates P.C. | DC Injury... on 10/5/2011 Kathleen Sharp tells a good, if scary, story. In “Blood Feud: The Man Who Blew the Whistle on One of the Deadliest Prescription Drugs Ever,” she describes how two Big Pharma companies conspired to develop and market an...more
Life Sciences Update - October 2011 by Baker & McKenzie Australia on 10/4/2011 This is the October 2011 edition of the Life Sciences Update. In this issue: - R&D tax offset legislation passed by Parliament - Raising the Bar - Interchangeability of drugs, not doses -...more