“A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform.” – former U.S. Senator Russell B. Long (D – Louisiana).
“The precise point at which a tax deduction becomes a ‘loophole’...more
In my last post, I provided a cursory explanation of the basic functioning of IRC 1031 and the rationale supporting the existence of such a provision. In this post I want to detail the benefits IRC 1031 provides to our...more
In This Issue:
- SBA Ups Size Standards, Allowing 8,400 Firms to Become Small Biz
- Auditors Want to Limit Reporting of 'Critical Audit Matters'
- House Approves Permanent Extension of Small Business Tax...more
The SEC’s Division of Investment Management has closed a potential loophole in the federal securities laws through which some fund advisers may have attempted to squeeze to avoid registration....more
The General Assembly made significant changes to a number of Pennsylvania taxes as part of the 2013-2014 budget process. These changes were enacted in Act 52, signed into law on July 9, 2013, and have various effective dates....more
One of the most heated debates among Americans is whether to close the so-called corporate loopholes. However, there is wide misconception as to what exactly are “tax loopholes.” According to Eric Toder, co-director of the...more
In This Issue:
Welcome to King & Spalding's economic development news bulletin,Investing in Georgia. In this edition, you will find:
- An overview of the sequester, debt ceilings, continuing resolutions to fund...more
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