Category Archives: Business Organizations
U.S. Supreme Court Unanimously Upholds Creditability of UK Windfall Tax
In a rare unanimous decision with potentially far-reaching impact on taxpayers claiming foreign tax credits, the Supreme Court of the United States ruled that a “windfall tax” imposed by the United Kingdom was creditable under IRC Section 901. On May 20, 2013, in a rare unanimous decision with potentially far-reaching impact on taxpayers claiming foreign …
The Jobs Act: Improving Access to Capital Markets for Smaller Companies
On April 5, 2012, the Jumpstart Our Business Startups Act or “Jobs Act” was signed into law by President Obama with the stated purpose of increasing American job creation and economic growth by improving access to the public capital markets for emerging growth companies. Specifically, the Jobs Act: creates a new category of “emerging growth …
National Law Forum
