A seemingly small change to China=E2=80=99s value-added tax rates set to = go into effect next month may not be enough to give China an edge over the = U.S. in drawing new businesses, but it could encourage existing multination= al businesses to stay put.

=20

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Monday, April 23, 2018

TOP NEWS

=09=09=09=09=09=09=09=09=09=09

=09=09=09=09

Analysis

New VAT Rates May H= elp China Retain Multinational Firms

A seemingly small change to China’s value-added tax rates set t= o go into effect next month may not be enough to give China an edge over th= e U.S. in drawing new businesses, but it could encourage existing multinati= onal businesses to stay put. Read more »

=09=09=09=09 =09=09=09=09

TCJA Will Be Boon To Fo= reign Investors, CBO Estimates

Foreign investors stand to reap 43 percent of the economic benefits f= rom the federal tax overhaul's effects on federal tax law during the next 1= 1 years, according to a recent report from the Congressional Budget Office. Read more »

=09=09=09=09

Feature

Puerto Rico Sale= s Tax Bond Fight Sparks Muni Market Anxiety

Municipal bond investors are paying close attention to what happens i= n a pending court fight over the validity of bondholder liens on Puerto Ric= an sales tax, experts say, warning of widespread consequences should invest= ments thought to be bankruptcy-proof turn out otherwise. Read more »

=09=09=09=09 =09=09=09=09

Heiress Accused O= f Inheritance-Tax Dodge Gets Pretrial Win

A Manhattan federal judge on Thursday awarded pretrial relief to an a= rt consultant charged with dodging taxes on a $4 million inheritance, holdi= ng that statements made by her on tax returns, as well as her lawyer's stat= ements in a related fight over government demands for foreign bank records,= can't be used against her at trial. Read more »

=09=09=09=09 =09=09=09=09

Taxation With Repre= sentation: Freshfields, Thompson, Davis

In this week’s Taxation With Representation, Procter and Gamble= bought Merck KGaA’s consumer health business for $4.2 billion, Icahn= ’s Tropicana sold its real estate assets to Gaming and Leisure Proper= ties Inc. and merged its gaming and hotel operation with Eldorado Resorts I= nc. in a $1.85 million deal, and Shire sold its oncology business to Servie= r SAS for $2.4 billion. Read more »

FEDERAL

=09=09=09=09=09=09=09=09=09=09

=09=09=09=09 =09=09=09=09

Tax Critic Lame= nts Federal Code's Effect On Marijuana Market

A tax critic told a marijuana conference Friday that current tax laws= are unfairly hampering the legal marijuana industry by making cannabis dis= pensaries subject to a provision that disallows tax deductions for entities= involved in the trafficking of illegal products. Read more »

=09=09=09=09 =09=09=09=09

Senate Dems Press = For Info On Koch Ties To Trump Policies

Senate Democrats have demanded information from President Donald Trum= p and several federal agencies including the EPA and the U.S. Department of= Labor concerning the alleged “sweeping infiltration” of the cu= rrent administration by the Koch brothers and their affiliates, Sen. Sheldo= n Whitehouse, D-R.I., announced Friday. Read more »

STATE & LOCAL

=09=09=09=09=09=09=09=09=09=09

=09=09=09=09

Analysis

Politics Of Onlin= e Taxation Put Wayfair Case In High Court

The issue of how states may tax remote sellers — a policy conce= rn — arrived at the U.S. Supreme Court because the politics of gettin= g legislation through Congress have proved nearly impossible, experts say. Read more »

INTERNATIONAL

=09=09=09=09=09=09=09=09=09=09

=09=09=09=09 =09=09=09=09

OECD Says Malta R= eports Point To Need For Disclosure Rules

A recently launched journalism project that investigated corruption a= nd money laundering in Malta has produced findings that “underline= 221; the need for the Organization for Economic Cooperation and Development= ’s efforts to detect avoidance of its global benchmark for sharing ta= x information, the organization said Thursday. Read more »

=09=09=09=09 =09=09=09=09

Irish Official Sa= ys Tax Changes May Derail Europe Recovery

Dramatic changes to the international rules governing the taxation of= large multinational corporations could undermine Europe's economic recover= y, Ireland Finance Minister Paschal Donohoe recently said. Read more »

PEOPLE

=09=09=09=09=09=09=09=09=09=09

=09=09=09=09 =09=09=09=09

Morris Manning & Ma= rtin Launches Gov't Contracts Practice

Morris Manning & Martin LLP has launched a Washington, D.C.-based gov= ernment contracts practice group led by a former partner at Cohen Mohr LLP = and bolstered its D.C. office with another 10 attorneys working in five dif= ferent practice areas, the firm announced this week. Read more »

=09=09=09=09 =09=09=09=09

Lauded Trial Lawyer= Billy Martin Joins Barnes & Thornburg

Well-known in both the civil and criminal arenas, William “Bill= y” Martin has been named a partner at Barnes & Thornburg LLP’s = Washington, D.C., office, the firm announced Wednesday. Read more »

=09=09=09=09 =09=09=09=09

Health Hires: Goodwin, = Shook Hardy, Michael Best, Orrick

The latest firms to expand their life sciences and health care abilit= ies are Goodwin Procter LLP, Shook Hardy & Bacon LLP, Michael Best & Friedr= ich LLP, Orrick Herrington & Sutcliffe LLP, Harter Secrest & Emery LLP, Eve= rsheds Sutherland and Cole Schotz PC. Read more »

EXPERT ANALYSIS

=09=09=09=09=09=09=09=09=09= =09

=09=09=09=09 =09=09=09=09

Investing In US Rea= l Estate On A (Possibly) Tax-Free Basis

Under certain facts, some foreign investors can invest in a real esta= te investment trust on a completely tax-free basis, both with respect to di= stributions received from the REIT and with respect to the disposition of t= he REIT stock, say Galia Antebi and Neha Rastogi of Ruchelman PLLC.=20 Read more »

=09=09=09=09 =09=09=09=09

New Remedial Actions F= or Tax-Advantaged Bonds And P3s

Under an IRS revenue procedure issued on April 11, 2018, issuers of t= ax-advantaged bonds have new remedial actions available to them to cure unq= ualified uses that previously would result in loss of tax-advantaged status= . Attorneys at Nixon Peabody LLP explain the new procedures. Read more »

LEGAL INDUSTRY

=09=09=09=09=09=09=09=09=09=09

=09=09=09=09=09 =09=09=09=09=09

Dentons Under Scrutiny= After UK Maternity Leave Spat

The Solicitors Regulation Authority is looking into the conduct of s= ome Dentons UKMEA LLP human resources managers that came to light during a = gender discrimination dispute last year, a spokesperson for the U.K. legal = regulatory body confirmed on Friday. Read more »

=09=09=09=09=09

Analysis

Why More BigLaw Fir= ms May Start Ditching Annual Reviews

At least two global law firms are doing away with their annual assoc= iate reviews in favor of ongoing, associate-initiated performance evaluatio= ns, a new approach that may be the wave of the future for law firms. = Read more »

=09=09=09=09=09 =09=09=09=09=09

Federal Judge’= ;s Killer Executed After High Court Flurry

A man who killed an Eleventh Circuit judge and a black civil rights = lawyer in 1989 using mail bombs was executed Thursday night in Alabama, fol= lowing an eleventh-hour stay issued by the U.S. Supreme Court earlier in th= e day that was later vacated. Read more »

=09=09=09=09=09 =09=09=09=09=09

Alston & Bird Settles $35M Ga. = Malpractice Suit

A former confidant and employee of a widowed Coca-Cola executiveR= 17;s wife and Atlanta-based Alston & Bird LLP have agreed to end that w= oman's $35 million Georgia state malpractice suit in a settlement, the plai= ntiff’s lawyer said Friday. Read more »

=09=09=09=09=09 =09=09=09=09=09

DNC Sues Trump Camp= aign, Russia Over 2016 Election Hacks

The Democratic National Committee filed suit Friday in New York fede= ral court accusing the Russian government, the Trump campaign and WikiLeaks= of conspiring to hack the Democratic Party and doom Hillary Clinton’= s chances at the 2016 presidential election. Read more &raqu= o;

=09=09=09=09=09 =09=09=09=09=09

GC Cheat Sheet: The= Hottest Corporate News Of The Week

Taking the measure of President Trump's "Buy America, Hire America" = mandate after one year, the general counsel of FactSet weighs in on th= e European Union’s upcoming General Data Protection Regulation, = and a settlement between Uber and regulators could change the way companies= think about data breaches. These are some of the stories in corporate lega= l news you may have missed in the past week. Read more »=

=09=09=09=09=09

Podcast

Law360's Pro Say: The Mic= hael Cohen Saga, Explained

On the latest episode of Law360's Pro Say podcast, we dig in to some= intriguing aspects of the raid on the offices of President Trump's persona= l lawyer, including the impact on attorney-client privilege and Michael Coh= en's high-dollar BigLaw connection. Also this week, we discuss a big Suprem= e Court case that could have a huge impact on how online retailers pay sale= s tax and a case that could turn courtroom theater into actual Broadway the= ater. Read more »

=09=09=09=09=09 =09=09=09=09=09

In Case You Misse= d It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stori= es and expert analyses that generated the most buzz on Law360 last week. Read more »

JOBS
Search full listings or advertise your job opening=09=09=09

=09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09

Associate Attorney - Estate P= lanning Law Monzingo Legal Hartford, Connecticut	Associate Attorney= - Bankruptcy and Debt Restructuring Monzingo Legal Cedar Rapids, Iowa
Paralegal - Commercial Real E= state Transactions Monzingo Legal Miami, Florida	Partner - Estate Planning Law Monzingo Legal Naples, Florida
NJ TOP TEN LAW FIRM PARTNER Schoen Legal Search Short Hills, New York	NJ TOP TEN LAW FIRM PARTNER Schoen Legal Search Short Hills, New Jersey
Tax Attorney Chiesa Shahinian & Giantomasi PC West Orange, New Jersey

Listen to our new p= odcast here

LAW FIRMS

Curtis Mallet-Prevost

COMPANIES

American Bar Associ= ation

Chiltern Internatio= nal Inc.

Credit Suisse Group AG<= /a>

Cubist Pharmaceutic= als, Inc.

Deloitte Touche

Democratic Natio= nal Committee

Dow Chemical Co.

Eldorado Resorts Inc.=

Equifax Inc.

FactSet Research = Systems Inc.

Gaming and L= eisure Properties Inc.

Google Inc.

Grant Thornton LLP

H. Lundbeck A/S

Icahn Enterprises LP<= /p>

Johnson & Johnson

Jones Lang LaSalle Inc.=

Koch Industries Inc.

Kroll Bond Rating= Agency Inc.

Lucas Group

Major Lindsey & Afric= a

Merck & Co Inc.

Merck KGaA

Microsoft Corporation

Miller Buckfire & C= o. LLC

Moody's Corporation

Mylan NV

NASDAQ OMX Group Inc.=

NFL Enterprises LLC

National Baske= tball Association

PricewaterhouseCoopers<= /a>

Procter & Gamble Co.=

SAP AG

SuccessFactors, Inc.

Teva Ph= armaceutical Industries Limited

The Coca-Cola Company

The State Uni= versity of New York

Tropicana Entertai= nment Inc.

Twitter Inc.

Wayfair LLC

GOVERNMENT = AGENCIES

= Bureau of Citizenship and Immigration Services

Congressional Budge= t Office

Consumer F= inancial Protection Bureau

European Commission

European Union

Executive Off= ice of the President

Federal Bureau = of Investigation

Federal Trade Commissi= on

Food and Drug Admi= nistration

Internal Revenue Servi= ce

National Labor R= elations Board

Securities a= nd Exchange Commission

Solicitors Regu= lation Authority

U.S. Attorney's Offic= e

U.S. Department of = Justice

U.S. Department of Labo= r

U.S. Genera= l Services Administration

U.S. Supreme Court

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