Topic
Transaction Costs
25 published works
Consumer Finance Monitor
This week’s podcast episode: Should written contracts be eliminated for small dollar transactions? A conversation with special guest David Hoffman, Professor and Deputy Dean, University of Pennsylvania Carey Law School
Professor Hoffman first explains his thesis that falling transaction costs has led to the proliferation of form contracts into areas where they little have social value, resulting in social harms…
TaxSlaw
The Transaction That Failed – Tax Treatment of Termination Fees
By Louis Vlahos
Deal Costs, Generally Every purchase and sale of a business, whether from the perspective of the seller or the buyer, is about economics, and few items will impact the economics…
Corporate & Securities Law Blog
DC Circuit Repudiates SEC Program for Testing Exchange Fee Structures
In New York Stock Exchange LLC v. Securities & Exch. Comm., 2020 WL 3248902 (D.C. Cir. June 16, 2020), the United States Court of Appeals for the District of Columbia…
PrawfsBlawg
Optimal Categorization
Main Thursday, May 21, 2020Optimal CategorizationPosted on behalf of Ronen Avraham as part of the Legal Discontinuities Online Symposium.Fennel’s excellent paper deals with the problem of “optimal categorization”. Using one…
Minding Your Business
For The First Circuit, Transaction Costs in Structured Settlements are Not Fraud
Liability insurers charge premiums in exchange for an agreement to cover certain claims against their policyholders. When settling a tort claim against a policyholder, the insurance company can pay a…
Corporate & Financial Weekly Digest
FINRA Working Paper Concludes High Broker-Affiliated ATS Order Routing is Associated with Lower Fill Rates, Higher Transaction Costs
By Michael T. Foley, Gregory A. Uffner, Leonard Licht
The Financial Industry Regulatory Authority’s Office of the Chief Economist has released a working paper (Study), maintaining that institutional orders routed by brokers that send a high percentage of such…
Government Contracts & Investigations Blog
Where is the Love? Exchanges Sue SEC Over Market Access Fee Pilot Program
By Sarah Aberg
Three prominent trading exchanges did not exactly show their government overseer the love this Valentine’s week. On February 14, 2019, the New York Stock Exchange (“NYSE”) filed a petition for…
Tax Law for the Closely Held Business
Tax Treatment of Success-Based Fees in M&A
By Lou Vlahos
Transaction Costs It is a basic principle of M&A taxation that the more a seller pays in taxes on the sale of its business, the lower will be the economic…
Tax Controversy 360
IRS Releases Practice Unit on Examining Transaction Costs
On July 18, 2018, the Internal Revenue Service (IRS) released a Practice Unit advising IRS agents on the framework to follow in analyzing the tax treatment of transaction costs incurred…
Corporate & Financial Weekly Digest
SEC Proposes Transaction Fee Pilot Program
On March 14, the Securities and Exchange Commission proposed new Rule 610T of Regulation National Market System (Reg NMS), which would create a Transaction Fee Pilot program for all NMS…