Multinational employers are grappling with big changes under India’s new labor codes that took effect in November 2025 – and we’re breaking down the key impacts in a series of insights. India’s Social Security Code not only...more
When DNA Tests Meet Estate Plans: Surprise Heirs and the Legal Fallout - For many families, at-home DNA testing kits like 23andMe and Ancestry.com have provided fascinating insights into ancestry and genetic health. But...more
Last week, the federal Court of Appeals for the Fifth Circuit ruled that the U.S. Tax Court had misinterpreted the Code’s self-employment tax rules as they apply to individuals who hold limited partnership interests in a...more
As the new year begins, Howard S. Krooks shares insights into one of the most challenging issues many families face: navigating the complexities of family caregiving and end-of-life financial planning. His perspective is...more
Employers operating in India should prepare for four new labor codes the government announced on November 21. Together, the new codes streamline India’s labor framework by consolidating 29 separate statutes. The Social...more
The draft bill No. 8634 to amend Luxembourg’s pension regime was adopted by the Chambre des Députés on December 18, 2025. This eAlert sets out the forthcoming changes affecting the following topics....more
On 2 December 2025, the Cabinet approved in principle the draft ministerial regulation on minimum and maximum wages thresholds used as the basis for calculating social security contributions. The wage ceiling adjustment...more
India’s Parliament just overhauled and simplified the country’s labor law regime by consolidating it into four labor codes. The changes, which took effect November 21 will harmonize definitions, expand worker protections, and...more
The Internal Revenue Service and the Social Security Administration have announced the cost of living adjustments (COLA) applicable to dollar limitations for retirement plans and the Social Security wage base for 2026. ...more
A growing number of Americans are working well past traditional retirement age — sometimes out of financial necessity, but often out of purpose, connection, and passion. Working into your 70s, 80s, and beyond brings unique...more
The Internal Revenue Service (IRS) announced the 2026 cost-of-living adjustments to the dollar limitations for qualified retirement plans and other benefits, and the Social Security Administration announced its own...more
The IRS has issued Notice 2025-67, announcing that many of the key retirement plan limits will increase next year. Most limits are subject to modest increases, with some remaining the same. For example, the compensation...more
On September 16, 2025, the Internal Revenue Service (IRS) issued final regulations to reflect statutory changes under Section 603 of SECURE 2.0, which generally require that catch-up contributions made by participants in...more
When Congress fails to appropriate funding for the government by the of the next fiscal year on Oct. 1, the government shuts down. Interruptions in federal agency funding at the beginning of a fiscal year have become the...more
Grey divorce, also known as late‑life or “silver split” divorce, refers to the dissolution of long‑term marriages by couples typically aged 50 and older who are entering a new phase of life. This phenomenon is becoming...more
The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. The legislation contains a multitude of changes to the tax law that may affect an individual’s personal income, estate, and gift taxes. This Alert...more
As many people may remember one of Donald Trump’s campaign promises during the 2024 election was that he would eliminate taxes on social security. That did not happen. Instead, the recently enacted One Big Beautiful Bill Act...more
On August 1, 2025, employers in Chile will be required to make mandatory contributions to the country’s new mixed pension system, as established under Law No. 21.735. This marks the initial phase of broader pension reform,...more
On June 28, 2022, the Federal Social Court (BSG) ruled on the employment of a music teacher (case reference: B 12 R 3/20 R). The teacher was deployed as a "freelance" teacher at a music school in Herrenberg and received a fee...more
Signed into law by President Donald Trump on July 4, 2025, the One Big Beautiful Bill Act (OBBB) contains extensive revisions to the U.S. Internal Revenue Code (Code). (For a comprehensive analysis of the bill, see Holland &...more
Earlier this year, many low-income taxpayers were elated to learn about the possibility that tipped wages could receive federal income tax relief under the No Tax On Tips Act. Under President Trump’s “One, Big Beautiful...more
La Corte Constitucional de Colombia profirió una decisión unánime mediante la cual ordenó la devolución de la Ley 2381 de 2024, "Por medio de la cual se establece el Sistema de Protección Social Integral para la Vejez,...more
From minimum wage compliance to social insurance obligations, employers must navigate a complex legal framework in Japan when it comes to pay and benefits. This short guide sets out the essentials to help businesses stay...more
El artículo 21 de la Ley 2381 de 2024, inicialmente estableció que el contratante respondería por la cotización de aportes al Sistema General de Pensiones de sus contratistas en Colombia. No obstante, el Decreto 514 de 2025...more
Ensures ineligible aliens are not receiving funds from Social Security Act programs. Such measures shall include promulgating any necessary guidance or regulations regarding Social Security Act funds and, to the extent...more