European Data Protection Board Adopts Two Opinions on Draft UK Adequacy Decisions
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Edward McNicholas Presents at Cybersecurity Docket Incident Response Forum Masterclass
Tax Controversy Coronavirus Thought Leadership
In response to the Coronavirus (COVID-19), the tax controversy group has put together a chart detailing tax controversy-related developments as they arise. Please refer to the following list of recent tax and tax controversy-related alerts and original articles for additional insight and guidance. For a comprehensive list of related thought leadership, please refer to the COVID-19 landing page.
Tax Controversy Coronavirus Developments: Court, Federal and State-by-State Updates (Last Updated February 4, 2021)
American Jobs Plan …
Anderson v. Intel—A Test Case Regarding the Prudence of Adding Alternative Investments to Defined Contribution Plan Menus
In this third episode in a series of Ropes & Gray podcasts addressing emerging issues for fiduciaries of 401(k) and 403(b) plans to consider as part of their litigation risk management strategy, litigation & enforcement partner Amy Roy and benefits consultant Aneisha Worrell discuss some key takeaways from Anderson v. Intel Corp. Investment Policy Committee, the first case to date to address the prudence question under ERISA of including private equity and hedge fund investments…
Trump Must Face an Investigation in New York About His Taxes, According to Lawyer
Following a ruling by the U.S. Supreme Court, former President Donald Trump will have to face an investigation in New York. María González Calvet, litigation & enforcement partner and former United States federal prosecutor, details the scope of this decision in which Trump, as a U.S. citizen, must provide his tax returns to New York state prosecutors. Trump has for years waged a fierce legal battle through his attorneys to avoid scrutiny of his financial…
Upcoming & Noteworthy Tax Controversy Events
President Biden’s Tax Plan: Beyond the First 100 Days. Elizabeth Smith and tax partner David Saltzman will participate in a Boston Bar Association (BBA) webinar titled “President Biden’s Tax Plan: Beyond the First 100 Days” on May 19, 2021. The webinar will discuss the substantive aspects of the tax changes in the Rescue Plan, proposed tax changes that we are likely to see enacted in both parts of the Recovery Plan, and the various…
PTAB Masters One Week Away!
Proposed Washington Privacy Act Gets a Different Set of Teeth with Private Right of Action for Injunctive Relief
Connecticut Provides 2020 Tax Relief for Telecommuting Employees
Connecticut has passed a bill that provides tax relief for 2020 only for employees working remotely who would have potentially had their wages taxed by two states (H.B. 6516) The bill provides particular relief to Connecticut residents who are required to pay income taxes for the 2020 tax year to other states that use some version of the “convenience of the employer” rule, for example, providing relief to Connecticut residents who telecommuted to…
American Jobs Plan & Made in America Tax Plan—Summary of Certain Key Tax Components
On Wednesday March 31, 2021, President Joseph R. Biden announced the American Jobs Plan and Made in America Tax Plan, designed to provide dramatic improvements to U.S. infrastructure writ large. The American Jobs Plan will focus on physical infrastructure, climate change, domestic manufacturing, research and development (R&D), and home health care services. The plan proposes funding the initiatives from measures including (i) increasing the corporate tax rate from 21% to 28%, (ii) creating a 15%…