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Mayer Brown

Tax Law Highlights | The Reduction of Tax Incentives Under Complementary Law No. 224

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KEY DEVELOPMENTS: Brazil’s Complementary Law No. 224/2025 (“LC 224/2025”) introduced a linear reduction of tax, financial and credit incentives and special regimes at the federal level, as well as criteria for their...more

RK Partners

The One Big Beautiful Bill Changed R&D Tax Rules. Here’s What it Means for Your Business.

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The R&D Tax Credit changes made in summer 2025 allow taxpayers meeting certain criteria to make a retroactive election to deduct, versus amortize research and experimentation (R&E) expenses. The One Big Beautiful Bill Act...more

Winthrop & Weinstine, P.A.

Legislative Top 5 - April 2026 #2

Minnesota Revenues Fall Short of Forecast - Minnesota collected $3.78 billion in general fund revenues during February and March 2026, falling $182 million, or 4.6 percent, below the state’s February forecast, according to...more

Kohrman Jackson & Krantz LLP

The Freeze Partnership: A Targeted Solution When GRATs and IDGTs Fall Short

The freeze partnership technique (the “technique”) has been used for decades to transfer wealth to the next generation while reducing estate, gift, generation-skipping and income taxes. Despite being explicitly authorized...more

Vinson & Elkins LLP

IEEPA Refunds: Protesting Liquidated Entries in the Wake of CAPE Phase 1

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On April 8, 2026, U.S. Customs and Border Protection (“CBP”) issued guidance on the Consolidated Administration and Processing of Entries (“CAPE”) program and the beginning of Phase 1 of the CBP’s tariff refund strategy....more

Offit Kurman

M&A Nuggets: Take It Personally - It's Goodwill

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A common quandary facing sellers taxed as C corporations is the double tax that will result from a sale structured as an asset purchase — one level of tax to the corporation on the sale of its assets and a second level of tax...more

Lathrop GPM

Minnesota Lawmakers Propose New Wealth Tax

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Minnesota lawmakers are advancing a significant tax proposal that would establish a first‑of‑its‑kind, state‑level wealth tax beginning in tax year 2026. House File 4616 (HF4616), authored by Rep. Aisha Gomez, would impose an...more

Lathrop GPM

Charitable Giving Strategies Under OBBBA

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Philanthropic-minded individuals face changes to their charitable giving strategies as new tax provisions take effect in 2026. The One Big Beautiful Bill Act (OBBBA) introduces both opportunities and limitations that require...more

Fox Rothschild LLP

The Taxpayer Assistance and Service Act: Title III: Judicial Review

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This article is the third in a series analyzing the proposed Taxpayer Assistance and Service Act (the “TAS Act”), bipartisan legislation introduced by Senators Crapo and Wyden to improve service and administration at the...more

Guidepost Solutions LLC

How IRS Code 132 Can Help AI and Data Center Executives Stay Safe

As reported by many news outlets, OpenAI CEO Sam Altman’s San Francisco home was victimized by a firebomb attempt, while the suspect then proceeded to attempt arson at the company’s headquarters. Although the subject was...more

Davis Wright Tremaine LLP

WA's Income Tax Creep—Will the Millionaires' Tax Survive Scrutiny?

Washington State recently enacted an income tax, effective January 1, 2028, on earners with income in excess of $1 million, which has left critics speculating that this tax will rapidly expand to other taxpayers in future...more

Foley & Lardner LLP

DOJ Announces More Details About the National Fraud Enforcement Division

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On April 7, 2026, Acting Attorney General Todd Blanche released a memo (the April Memo) outlining next steps for the newly created National Fraud Enforcement Division (NFED). The NFED, which was announced in January by Vice...more

Hogan Lovells

Italy's fiscal decree restores the non-cumulation rule for inbound workers and the high net worth individuals regimes

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In our previous article , we examined the 19 December 2025 Ruling of the Italian Revenue Agency, which allowed the concurrent application of (i) the Inbound Workers Regime (“IW Regime”) on Italian-source...more

Allen Barron, Inc.

The IRS Knows About Your Offshore Activities

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The era of absolute financial privacy in offshore banking, investment, and digital currency has effectively come to an end. For decades, many taxpayers operated under the assumption that geographical distance provided a...more

Mayer Brown

Finance Act 2026: Inheritance Tax Treatment of Pension Death Benefits

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The Finance Act 2026 has received Royal Assent, establishing the legal framework for the significant changes to the inheritance tax (IHT) treatment of death benefits paid by registered pension schemes that were announced in...more

Mayer Brown

Knowledge Nuggets - Zahlungsunfähigkeit erkennen – Die wichtigsten Warnsignale und Handlungsempfehlungen für Geschäftsführer

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I. WARUM DIESES THEMA WICHTIG IST - Die rechtzeitige Erkennung einer drohenden oder eingetretenen Zahlungsunfähigkeit ist für Geschäftsführer von essenzieller Bedeutung. Gemäß § 15a InsO sind die Mitglieder des...more

BCLP

Is an ESOP right for my business?

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Ownership transitions are rarely simple. Many founders seek liquidity and a clear succession plan, while also wanting to preserve their company’s legacy, culture, and people....more

Fox Rothschild LLP

How a Cannabis Company Is Entering U.S. Bankruptcy Court Through the Side Door

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A remarkable case is unfolding in Delaware that is testing whether a cannabis-related enterprise can access the protections of the United States bankruptcy system despite the drug's federal classification as a Schedule I...more

DLA Piper

Inside the 2025 IRS APMA Statistics

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On 30 March 2026, the Internal Revenue Service (IRS) released Announcement 2026-8, the annual report on Advance Pricing Agreements (APAs) and the Advance Pricing and Mutual Agreement Program (APMA Program) for calendar year...more

BCLP

Unlocking Ownership: How Recent Reforms are Reshaping Employee Share Incentives

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The landscape for employee share incentives in the UK has shifted meaningfully in recent months, and for private company owners and their advisers, in particular, the timing has rarely been better to take a fresh look at...more

Husch Blackwell LLP

Customs IEEPA Refund Portal – CAPE – To Go Live on Monday April 20, 2026

Husch Blackwell LLP on

This update covers three key developments this week: (1) U.S. Customs and Border Protection (“CBP”) filed its latest status update in Euro-Notions on April 14, 2025; (2) Judge Eaton thereafter issued another order; and (3)...more

Rivkin Radler LLP

Estate Tax Collection: An Illustration of Payment Options, Decisions, and Consequences

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The Administration just released its proposed budget for Fiscal Year 2027. The Budget proposes to streamline IRS operations by reducing the agency’s budget to $9.8 billion – a $1.4 billion cut from current spending...more

Katten Muchin Rosenman LLP

Preparing A Family Business For Sale In The UK – Things To Consider

The sale of a family business is a complex process. Almost invariably, it will raise issues that need to be considered and addressed pre-sale. Navigating those issues will be the key to achieving a successful outcome for both...more

Foley & Lardner LLP

Those Unpredictable Teen Years: A Practical Guide to Considerations for Maturing ESOPs

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Employee stock ownership plans (ESOPs) have proven to be powerful tools for aligning employee interests with company success and creating significant retirement wealth for participants while providing business owners with...more

Polsinelli

Budget Reconciliation and Health Policy: Understanding the Legislative Process and Where Congress May Go Next

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Key Takeaways - The FY 2027 budget process is underway, with the president submitting his proposal April 3 and committees beginning hearings the week of April 13. Senate leadership is expected to move a budget resolution the...more

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