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Excise Tax Tax Liability Corporate Taxes

Proskauer - Tax Talks

One Big Beautiful Bill: Update on Provisions for Nonprofits

Proskauer - Tax Talks on

On May 22, 2025, the House of Representatives passed the One Big Beautiful Bill Act (H.R. 1, hereafter the “Revised House Bill”). The Revised House Draft Bill contains certain changes to the original bill that was released...more

DLA Piper

House Passes Sweeping Tax Bill: Top Points for the Investment Funds Industry

DLA Piper on

On May 22, 2025, the House of Representatives passed a tax bill with some limited amendments (House Tax Bill). The House Tax Bill will now head to the Senate, where additional amendments could be made. Below, we outline five...more

Proskauer - Tax Talks

The One Big Beautiful Bill: Relevant Provisions for Nonprofits

Proskauer - Tax Talks on

On May 12, 2025, the House Ways and Committee released an updated text of draft tax legislation (the “House Draft Bill”)...more

Woodruff Sawyer

1% Excise Tax, SPACs, and Independent Director Personal Liability: The Rock and the Hard Place

Woodruff Sawyer on

Being stuck between the choice of either disappointing investors or facing potential personal liability is the very definition of being caught between a rock and a hard place. Tax liability insurance can take you to a more...more

Stikeman Elliott LLP

GST/HST Elections: Why Being Late Is Not Always Fashionable (Cont’d)

Stikeman Elliott LLP on

On December 6, 2021, the Federal Court of Appeal (“FCA”) affirmed the Federal Court’s decision in Denso Manufacturing Canada Inc. v. Canada (National Revenue), which had dismissed the taxpayers’ application for judicial...more

Seyfarth Shaw LLP

Understanding And Planning For The Excise Tax On Executive Compensation Paid By Tax-Exempt Employers

Seyfarth Shaw LLP on

In the past decade or so, the competition for executive talent in the tax-exempt sector of the United States economy has increased. Executives seldom begin and end their careers with the same organization and there is...more

Baker Donelson

Spotlight on Tennessee: Forced Franchise/Excise Tax Variance Upheld by Supreme Court

Baker Donelson on

On March 23, 2016, the Tennessee Supreme Court issued its much-awaited decision in the case of Vodafone Americas Holdings, Inc. et al. vs. Tennessee Commissioner of Revenue....more

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