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Tax Reform Restitution

Robins Kaplan LLP

Financial Daily Dose 4.23.2021 | Top Story: Unanimous Supreme Court Strips FTC of Most Restitution Powers

Robins Kaplan LLP on

A unanimous SCOTUS ruling this week curbs the FTC’s “longtime practice of seeking to recover ill-gotten gains from companies and individuals who cheat or mislead consumers,” with the justices finding that the 1973 law that...more

Holland & Knight LLP

Tax Changes Impacting Government Enforcement: Comments Due November 13, 2018

Holland & Knight LLP on

As described in a blog post on March 13, 2018, Section 13306 Tax Cuts and Jobs Act, P.L. 115-97 (Dec. 22, 2017) revises the longstanding rule on the deductibility as a business expense (or lack thereof) of "any fine or...more

K&L Gates LLP

Another Kind of Tax Cut: Tax Reform Slashes Deductions for Settlements Paid to Government Agencies for Violations and...

K&L Gates LLP on

Tax Reform Slashes Deductions for Settlements Paid to Government Agencies for Violations and Investigations - IRS Requests Comments by May 18 - Businesses making payments to governments and governmental entities on or after...more

Foley & Lardner LLP

IRS Issues Transitional Guidance Regarding the New "Restitution" Tax Deduction That Affects False Claimes Act and Other Government...

Foley & Lardner LLP on

Effective immediately, a settlement agreement or a judgment with the government must set forth the specific amount of restitution, remediation of property, or monies paid to come into compliance with any law violated, for...more

Jones Day

New Tax Bill Will Rewrite Rules for Deducting Disgorgement Payments to SEC

Jones Day on

U.S. tax reform will mean new rules for deducting fines, penalties, and other amounts, including disgorgement, paid to the Securities and Exchange Commission ("SEC"). Currently, Internal Revenue Code section 162(f)...more

Proskauer Rose LLP

UK Tax Round Up - November 2017

Proskauer Rose LLP on

UK Tax News and Developments - The OTS publishes its report "Value added tax: routes to simplification" - On 7 November, the Office of Tax Simplification (OTS) published its first report on VAT, which included a range...more

Winstead PC

West Wing Revolving Door and Retirement Plan Ideas Floating in D.C.

Winstead PC on

I started writing this when Scaramucci was communications director, but before I could finish it the revolving door at the West Wing had swung again and he was out. In addition to his statements made to the press, which do...more

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