Eversheds Sutherland is a proud sponsor of the COST 2018 Sales Tax Conference and Audit Session on February 26 - March 1, 2018, in New Orleans, Louisiana. The Eversheds Sutherland SALT Team presents and details of their presentations are below:
"Can “Gross” Ever Be Removed From Gross Receipts Taxes?"Speaker: Maria Todorova
"Taking the Dash Out of M-PU: Best Practices to Report Products Simultaneously Used in Multiple States"Speaker: Todd Betor
Puerto Rico’s ailing power utility on Monday was authorized to accept a $300 million unsecured loan from the commonwealth to stave off an imminent blackout, after the utility’s creditors successfully fought off an earlier $1 billion secured ...read more
Subsidiaries of the Canadian National Railway Co. asked the U.S. Supreme Court on Friday to reverse a Seventh Circuit decision and conclude that $13.3 million in stock options given to their employees was not taxable income under a federal railroad law ...read more
The U.K. government appealed to the Supreme Court on Tuesday to resolve a number of issues it says need legal clarification in a long-running case brought by Prudential Assurance Ltd. over tax claimed to be unduly levied on cross-border portfolio investment ...read more
The U.S. Supreme Court on Tuesday rejected an investor’s appeal contesting the Internal Revenue Service’s disallowance of tax benefits being claimed from a tax shelter known as “BLIPS” that was promoted by KPMG. ...read more
The recent Tax Cuts and Jobs Act adopted a provision subjecting certain U.S. shareholders of controlled foreign corporations to tax on their global intangible low-taxed income, or GILTI. This is effectively a new worldwide minimum tax on the earnings ...read more
HSBC Holdings PLC could be hit with fines exceeding $1.5 billion from investigations around the world into allegations of tax evasion and money laundering at its Swiss private-banking subsidiary and other operations, according to the bank's annual ...read more
The Eversheds Sutherland SALT Team is always excited to see what kind of pets our clients and friends have. Our team features a different pet at the end of every month, and we want to feature YOURS! Featured pets will receive a fun prize from the SALT Team. The deadline for February submissions is Friday, February 23.
To submit your pet to be featured, visit the Eversheds Sutherland SALT Shaker App, click “Pet of the Month” in the drop-down, then click "Submit A Pet."
Don’t have the app? It is available for download in the Apple App Store, Google Play and the Amazon Appstore.
View previously-featured furry friends.
The creation of the base erosion and anti-abuse measure in the new U.S. tax law stemmed in part from frustration over the Organization for Economic Cooperation and Development’s “circumscribed” efforts against international tax avoidance ...read more
U.S. District Judge Reggie B. Walton found himself in a difficult position last month, caught between the obligation for a speedy government response to a Freedom of Information Act request and the strain federal agencies and courts are under as FOIA ...read more
The uncapped state and local tax deduction offered benefits even to Americans who did not itemize and claim it, according to an analysis from an expert at the Urban-Brookings Tax Policy Center. ...read more
U.S. tax changes will cause the Coca-Cola Co. to pay a one-time net charge of $3.6 billion during the quarter that ended Dec. 31, consisting of $4.6 billion in tax on deemed repatriated earnings offset by a deferred tax benefit of $1 billion, the company ...read more
The Louisiana Board of Commerce and Industry and the state Department of Economic Development asked a federal judge Friday to dismiss a putative class action lawsuit seeking to reverse a $1.4 billion tax break for a $6 billion liquefied natural gas plant ...read more
Arrangements between the Coca-Cola Co. and foreign licensees did not accurately reflect the value of the company's intangible property, allowing the beverage producer to avoid significant U.S. taxes, the IRS said in a pretrial memorandum filed Thursday ...read more
A Colorado-based marijuana company has urged the U.S. Supreme Court to hear its case against the Internal Revenue Service, alleging the agency lacks the authority to investigate criminal activity and saying a circuit split must be resolved on the scope ...read more
Caterpillar Inc. may owe the Internal Revenue Service $2.3 billion in taxes and penalties following the conclusion of field audits concerning its income tax returns and profits earned by its Swiss affiliate, according to the annual report the company ...read more
Britain’s top appellate court on Friday refused to allow Citibank NA to challenge a lower appeal court’s finding that HM Revenue and Customs did not have to prove the bank was dishonest when it alleged that the firm knew, or should have known ...read more
In this week's Taxation With Representation, Wyndham sold its European vacation rental business to Platinum Equity for $1.3 billion, LyondellBasell bought A. Schulman for $2.25 billion, Hoffman-La Roche proposed buying Flatiron Health for $1.9 billion ...read more
As taxpayers and employers alike grapple with the sweeping changes to federal tax law signed late last year, athletes, coaches and teams aren't immune from the money-saving — and cash-costing — effects of the reform. ...read more
Late last year, the Sedona Conference released the third edition of its principles addressing electronic document production, updated to account for innovations like Snapchat and Twitter. It may be necessary for these principles to be updated more often ...read more
Access to electricity in Puerto Rico may be in short-term peril after a New York federal judge on Thursday denied the territory’s insolvent power utility access to $1 billion in emergency financing offered by the island’s central government ...read more
A Second Circuit panel on Thursday upheld a New York state law forcing tax-exempt nonprofits to disclose their donors, nixing claims from conservative advocacy group Citizens United that the rule caused a “climate of fear” that could unconstitutionally ...read more
The Organization for Economic Cooperation and Development’s language for curbing international tax avoidance could be preventing countries from agreeing on bilateral safe harbors that would prescribe simple transfer pricing rules for multinational ...read more
The Trump administration’s deregulatory agenda may be marginally helped by the U.S. Department of the Treasury’s latest proposal to get rid of nearly 300 obsolete tax regulations, but Treasury’s exercise is more likely intended to help ...read more
Sen. Orrin Hatch, R-Utah, and Rep. Kevin Brady, R-Texas, the leaders of the U.S. Congress' tax writing committees, called on the IRS on Thursday to put in place new screening procedures after a report found the agency was still giving performance ...read more