Income Taxes, Tax Incentives

Business Income and Sales/Use Taxes: What Constitutes a Manufacturer for Certain Tax Incentives

Baker Donelson on 9/6/2024

Manufacturing, as often noted, is the backbone of the American economy. Manufacturers not only innovate and create products that contribute to the betterment of our way of life but are also critically fundamental to our...more

Brazil Publishes Federal Decree Regulating Recycling Incentive Law

Mayer Brown on 7/15/2024

On July 11, 2024, the Brazilian federal government published Federal Decree No. 12,106/2024, regulating the tax incentive for the recycling productive chain established by Federal Law No. 14,260/2021, which aims to promote...more

Build-to-Rent - Australian Income Tax Concessions: Foundations Laid, but Potential Cracks and Missing Features May Yet Plague a...

K&L Gates LLP on 5/1/2024

The Australian government has, nearly 12 months after announcing them, released draft legislation to implement two key income tax incentives for build-to-rent (BTR) projects: Extending the 15% withholding tax for foreign...more

Spring Budget 2024 - Will We See Material Reform?

BCLP on 3/1/2024

Budgets are normally stories of two halves. The first half contains the headline-grabbing tax policy reforms that can be encapsulated in a snappy soundbite in the Budget speech, such as “Chancellor scraps the non-dom regime”....more

IRS Announces New Compliance Initiatives to Collect More Corporate Tax Using Inflation Reduction Act Funds

McDermott Will & Emery on 10/24/2023

On October 20, 2023, the Internal Revenue Service (IRS) announced new initiatives “to ensure large corporations pay taxes owed.” These initiatives leverage the substantial additional congressional funding that was given to...more

Should You Place Your Home in a QPRT?

Adler Pollock & Sheehan P.C. on 10/6/2023

If you own your principal residence, you may be able to benefit from its build-up in equity, realize current tax breaks and pocket a sizeable tax-exempt gain when you sell it. What’s more, from an estate planning perspective,...more

2023 Legislative Update: Regular Session Week Ten

Maynard Nexsen on 5/22/2023

Port Incentives - A bill sponsored by Representative Chip Brown that modifies the current tax benefits given to companies transporting goods through Alabama's ports passed the Alabama House this week. Under this bill, the...more

Georgia’s 2023 legislative session ends with significant tax legislation

Eversheds Sutherland (US) LLP on 4/3/2023

During the 2023 legislative session, the Georgia General Assembly passed significant tax legislation including decoupling from IRC § 174, imposing sales tax on certain digital goods, and revising eligibility for the...more

Last Call: Public Comments on Inflation Reduction Act Clean Energy Tax Incentives Are Requested By November 4

Mintz - Energy & Sustainability Viewpoints on 11/3/2022

On October, 5, 2022, the U.S. Department of Treasury (Treasury) and Internal Revenue Service (IRS) published six Notices requesting public comments by November 4, 2022 on certain of the clean energy tax incentives included in...more

Proyectos de hidrogeno en Colombia: Reglamentación incentivos

Holland & Knight LLP on 8/23/2022

La Unidad de Planeación Minero Energética (UPME) de Colombia, el 5 de agosto de 2022, expidió la Resolución No. 319 de 2022 (la Resolución), por medio de la cual determinó los requisitos y procedimientos para la evaluación y...more

The Inflation Reduction Act — Incentives for Clean Motor Vehicles and Refueling Property

Orrick, Herrington & Sutcliffe LLP on 8/8/2022

The Inflation Reduction Act of 2022 (the “IRA”) released by U.S. Senate Democrats on July 27, 2022 would, if enacted, provide a number of financial incentives to encourage the purchase of electric and hydrogen fuel cell...more

Manchin’s BBB Redux-tion Act – The Inflation Reduction Act of 2022

Mayer Brown on 7/29/2022

This week, after weeks of negotiations, Senators Manchin and Schumer reached a deal on an energy and healthcare bill titled the Inflation Reduction Act of 2022 (the “Act”). The Act includes extensive provisions relating to a...more

Establishing A Business Entity In Malaysia (Updated)

International Lawyers Network on 3/1/2022

Methods of conducting business in Malaysia - In Malaysia, business may be conducted in the following manner: - (a) by an individual operating as a sole proprietor; or (b) by two or more (but not more than 20) persons...more

ReDISCovering a Tax Classic: The Domestic International Sales Corporation

Freeman Law on 1/19/2022

Created by Congress in 1971 as a tax incentive for domestic exporters of U.S.-made goods, the domestic international sales corporation (DISC) remains a viable tool for small-to-medium sized exporters to reduce their federal...more

House Passes Build Back Better Act

Roetzel & Andress on 11/22/2021

Early Friday morning, the U.S. House of Representatives approved President Biden’s sweeping social and climate spending proposal known as the Build Back Better Framework. Key provisions in the approximately $2 trillion bill...more

The 90 Percent Test

McDermott Will & Emery on 10/28/2021

Since coming into effect in January 2018, Subchapter Z of the US Tax Code—also known as the opportunity zone provisions—has enabled investors to pour billions of dollars into a broad array of businesses, from real estate...more

Italy: new tax incentives for electronic payment instruments

Hogan Lovells on 8/25/2021

Following the tax relief introduced by Article 22 of Law Decree No. 124/2019, as converted into law by Law No. 157/2019, according to which merchants may obtain tax credits of 30% of the fees charged for the acceptance of...more

Extension of CARES Act Incentives Relating to Charitable Giving: Planning with a Charitable Unitrust Remainder Trust (CRUT)

Bowditch & Dewey on 8/20/2021

By using a Charitable Unitrust Remainder Trust (CRUT), philanthropic minded donors can gift to a charitable cause while maintaining a lifetime benefit. A CRUT is an irrevocable agreement that will provide an income stream to...more

Recently Released: Additional Summary of Biden Administration’s Tax Reform Plan

Lippes Mathias LLP on 4/15/2021

Preliminary Biden Tax Plan - Although high-level details were previously announced, on April 7, 2021, the U.S. Treasury released an additional summary of the Biden administration’s tax reform plan, “The Made in America Tax...more

New York Is Getting Out Of The Zone, The Qualified Opportunity Zone, That Is

Rivkin Radler LLP on 4/12/2021

New York’s Governor Cuomo is having a bad 2021. Some may attribute this to his hubris or to karma; others may point to an emboldened, and now veto-proof, progressive State Legislature; many will claim that Mr. Cuomo is paying...more

President Biden's Proposed Infrastructure Plan Includes Business Tax Provisions to Incentivize Infrastructure Investments and Fund...

Partridge Snow & Hahn LLP on 4/2/2021

On Wednesday, March 31st, President Biden released a summary of his administration’s proposed The American Jobs Plan (the “TAJP”). TAJP is a $2 trillion proposal focusing on public domestic infrastructure investments. To help...more

PROVIDING COVID-19 FINANCIAL RELIEF: How to Free Up Access to Employer Assets and/or Ease Employee Access to Vested Benefits

Troutman Pepper on 8/27/2020

Q. Are there any COVID-related tax incentives that could benefit employers and employees?...more

Income Taxes › Tax Incentives