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James McElligott, of McGuireWoods, LLP, on Group Health Plan Failures, Enforcement of Sponsor Employer Reporting Requirements, and the Related Excise Tax Regime

On this edition, James McElligott discusses employer obligations to report failures related to the group health plans they sponsor and related compliance awareness issues with excise tax implications. Mr. McElligott describes how plan failure reporting enforcement ranks as an IRS priority. He examines...

Excise Taxes: Sleeping Giant Getting Bigger

Will the advent of health care reform excise taxes change the excise tax landscape? Strong attention directed at the merits of health care reform could radically change the political implications of excise taxation as taxpayer burdens grow. Throughout most of American history, the majority of the...

Puerto Rico Enacts New Excise Tax That Impacts U.S. Companies

By Damon M. Lyon, David G. Noren , Lowell D. Yoder , Rachel E. Aaronson , Robert A. Clary II A temporary excise tax recently enacted in Puerto Rico will have a significant impact on U.S.-based multinational groups conducting, or considering conducting, manufacturing activities in Puerto Rico. ...

State Net Capitol Journal – Pennsylvania Budget Stalemate Continues

Budget & Taxes PA Budget Stalemate Continues Pennsylvania’s Republican-led House and Senate passed an $11-billion stopgap budget last month, seeking to end the state’s nearly three-month-long budget impasse. But as he did on June 30 to begin the budget stalemate, first-year, Democratic...