Software, U.S. Treasury, Cloud Computing

Treasury Department Issues Final and Proposed Rules on Cloud Transactions, Other Digital Content

Cooley LLP on 2/3/2025

On January 10, 2025, the US Department of the Treasury and IRS released final and proposed regulations that provide tax guidance for the digital economy....more

New Prohibitions on Providing SaaS Services to Russia

Lowenstein Sandler LLP on 8/5/2024

In line with Group of Seven (G7) efforts to disrupt the Russian military-industrial base’s reliance on foreign IT systems, in June 2024 the U.S. Department of Commerce and the Department of the Treasury jointly issued new...more

US imposes new sanctions and export controls against Russia

A&O Shearman on 6/25/2024

On June 12, 2024, the U.S. Department of Treasury (Treasury), U.S. Department of State (State), and U.S. Department of Commerce (Commerce) announced another round of sanctions and export controls targeting Russia. In this...more

Trade Matters - Lowenstein Sandler's Global Trade & National Security Newsletter - February 14, 2024

Lowenstein Sandler LLP on 2/15/2024

Teradyne, a Massachusetts-based supplier of semiconductor testing equipment, has reportedly pulled $1 billion of manufacturing equipment out of China in 2023 following export controls on advanced computing materials and...more

Treasury and the Service Propose Regulations on Cloud and Digital Content Transactions

Kramer Levin Naftalis & Frankel LLP on 10/7/2019

On Aug. 14, 2019, the Department of the Treasury (Treasury) and the Internal Revenue Service (the Service) published proposed regulations (the Proposed Regulations) regarding the classification of “cloud transactions” for...more

No longer up in the air? Cloud transaction regulations are released

Eversheds Sutherland (US) LLP on 8/24/2019

Long-awaited proposed regulations recently released by the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) address the classification of certain transactions involving digital content and the...more