Your Offshore Voluntary Disclosure May Be Long Over but the IRS May Be Looking at Your Ongoing Tax Compliance
Railroad Operator Loses on Appeal Because It Failed to Properly Present Arguments
The Deafening Silence: Why People Generally Don’t Take Me On in the Marketplace of Ideas
No one owes it to me to take me on. But after a certain point, the silence becomes deafening. This past week I did a blog post entitled Many Judges Are Bad at Textual Interpretation. What Do We Do About It? The first half consists of my critique of textual interpretation offered in a recent […]
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FREE Webinar on China Cybersecurity Law
Register HERE today!
During the last decade, the Chinese government has rolled out an extensive cybersecurity system. This new system is not what a foreign investor would expect. This new system is cybersecurity with Chinese characteristics. The system is not intended to protect businesses and individuals. Its goal is the opposite; it is intended to protect the CCP and to ensure its hold on power.
The goal of the Chinese cybersecurity regime is to create…
National Security Meets Teenage Dance Battles: Trump Issues Executive Orders Impacting TikTok and WeChat Business in the U.S.
On August 6, 2020, Trump issued two separate executive orders that will severely restrict TikTok and WeChat’s business in the United States. For weeks, the media has reported on Trump’s desire to “ban” TikTok with speculation about the legal authority to do so. We break down the impact of the Orders below.…
Suzanne Durrell Interviewed by Corporate Crime Reporter
Whistleblower Law Collaborative Co-Founder and Managing Partner Suzanne Durrell was featured in the latest issue of Corporate Crime Reporter. Her interview covers her newly announced Taxpayers Against Fraud Education Fund national COVID-19 Anti-Fraud Task Force.
In the race to find a cure, the government is engaging in a public/private partnership with industry. Our bar is concerned that we are going to need a vast public/private partnership as well with whistleblowers and attorneys to keep…
Customs Announces Extension of Deadline to File Post Summary Correction
Customs has posted CSMS #43528998 (July 31, 2020) reminding the trade community that as per the modification to the Post Summary Correction (“PSC”) procedure announced in the Federal Register on August 14, 2019 (84 FR 40430), the deadline for filing a PSC has been extended in cases where an importer requests and is granted an extension of liquidation pursuant to 19 CFR 159.12. Under this modified procedure, after an importer is granted an extension of…
U.S. Moves to Ban TikTok and WeChat Apps Amid U.S.-China Tensions
On August 6, 2020, the White House issued two (2) Executive Orders (“EO”) banning the popular China-based social media app TikTok and the messaging and electronic payments app WeChat. Both orders are scheduled to take effect in 45 days (approximately September 21, 2020). While a U.S. ban on TikTok, owned by Beijing-based ByteDance Ltd., had been anticipated, especially after India banned the app earlier this year, the EO on Tencent Holding Ltd.’s (“Tencent”) WeChat…
PIPE Market Update
PIPE transactions continue to be a popular capital raising approach for companies. Through July 31, 2020, companies have raised over $47.2 billion in 779 PIPE transactions. Healthcare and life sciences companies raised almost $11 billion in PIPE transactions. Technology and industrials companies also raised significant amounts of capital, totaling $10.1 billion and $9.2 billion, respectively.
Below is a comparison of the number of PIPE transactions and offering proceeds raised in PIPE transactions from March-July, 2020,…
Crypto Payment Products Show Gains, Blockchain Initiatives Announced for COVID-19 Data, Regulators Consider Blockchain Issues, Ethereum Classic Suffers 51% Attack
In this issue:
• Announcements Provide Details on New Cryptocurrency Payment Products
• Blockchain Use in COVID-19 Data, Food, Beverage Bottles and Wine Supply Chains
• Regulators Consider Blockchain Issues in Tax, Banking, Securities and State Services
• DOJ Targets Hackers and Darknet Vendors, Ethereum Classic Suffers “51% Attack”
Announcements Provide Details on New Cryptocurrency Payment Products
By: Robert A. Musiala Jr.
According to recent reports, a major U.S. mobile payments firm has announced that…