News

Recently, New York became the 16th state in the United States to legalize recreational marijuana.

New York’s Fiscal Year 2022 budget increases taxes on corporations and high earners and provides relief to pandemic-hit industries. Temporary increases to tax rates on corporations, individuals, and tax credits for pandemic-hit industries....

After months of suspenseful back-and-forth, the New York state legislature and Governor Andrew Cuomo have finally agreed upon legislation legalizing mobile sports betting throughout the state.

Our International Tax Group analyzes the report on the IRS’s Advance Pricing and Mutual Agreement Program and identifies important insights and trends for advance pricing agreements....
By: Alston & Bird

Will Unanimous Supremes Stem the TCPA Tide?

On March 29, 2021, Tennessee Governor Bill Lee signed legislation creating a new sales and use tax exemption and a new franchise and excise tax (F&E) credit for “qualified productions.”  H.B. 141, 112th Gen. Assemb., ch. 70 (Tenn.

On March 31, the Supreme Court heard oral argument in NCAA v. Alston, the closely-watched case that will determine whether certain NCAA rules, limiting compensation provided by colleges and universities to student-athletes, violate the antitrust laws.

Two more state governors, those of Maine and North Dakota, have signed bills into law that adopt the National Association of Insurance Commissioners (NAIC) data security model law (Model Law). Maine and North Dakota join several other states that have already passed similar laws....

As part of its efforts to protect an estimated $9.3 trillion in retirement plan assets from increasing “internal and external cybersecurity threats,” the Department of Labor (DOL) has issued its first guidance ever concerning cybersecurity and retirement plans.

Cartel activity is now a criminal offence. The best time to review your company’s arrangements, and policies as to how you interact, with competitors is now! A review will help ensure that you and your company are not charged with a criminal offence....

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