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Cross-Border Apportionment

Latham & Watkins LLP

US Supreme Court Decision May Affect NRD Trusteeship Determinations

Latham & Watkins LLP on

The decision could complicate states’ ability to pursue groundwater natural resource damages actions. On November 22, 2021, the US Supreme Court held that equitable apportionment applies to a dispute between states about...more

Goulston & Storrs PC

Cross-Border Interest Expense Apportionment Regulations Finalized

Goulston & Storrs PC on

The IRS issued cross-border interest apportionment final regulations. These adopt the approach from the 2012 temporary regulations, requiring a 10% corporate partner to apportion its interest expense by reference to the...more

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