Tag Archives: GT Alert

Proposed Regulations for Qualified Foreign Pension Funds that are Exempt from U.S. Tax on Disposition of U.S. Real Property Interests

The Foreign Investment in Real Property Tax Act of 1980, as amended (FIRPTA), imposes tax on gain realized on disposition by nonresident alien individuals or foreign corporations (non-U.S. persons) of a U.S. real property interests (USRPI) by treating such gain as effectively connected with the conduct of a U.S. trade or business by such non-U.S. … Continue Reading

Illinois Senate Gaming Expansion

Introduction (by Joey T. Shabot) Israeli technology companies providing software, payment, and other solutions for the gaming industry are closely watching regulatory trends related to online gaming in different jurisdictions throughout the world. This legal update from our colleagues in Illinois may point to a trend in some U.S. states to permit online and mobile … Continue Reading

Latest U.S. Trade Restrictions Target Huawei

During the week of May 13, 2019, the Trump administration announced two new measures that have the potential to cut off certain foreign companies, particularly Chinese technology company Huawei Technologies Co., Ltd., from the U.S. technology and telecommunications market. These provisions follow legislation passed in 2018 prohibiting U.S. government agencies and contractors from using Huawei … Continue Reading

New DOJ Guidance: What Is Your Compliance Program Worth?

On April 30, 2019, to provide greater transparency into prosecution decisions, the U.S. Department of Justice (DOJ) published “The Evaluation of Corporate Compliance Programs,” an update to its February 2017 guidance on the same topic. The new guidance complements the principles previously described by DOJ’s Fraud Section that prosecutors should consider when “conducting an investigation … Continue Reading

30 Days to Meet New US-Specific Data Security Requirements

Israeli companies with e-commerce and other web activities reaching persons living in the United States should be aware of new Data Privacy legislation on the horizon regarding the personal information of Colorado residents.  By Sept. 1, formal data security and data disposal programs must be in place to be in compliance with the laws. Read … Continue Reading

Supreme Court Internet Sales Tax Case Will Require Many Companies to File State Corporate Income Tax Returns – Even If They Are Not Subject to Sales Tax

Although the sales tax collection obligation of online retailers was the focus of last month’s momentous U.S. Supreme Court case South Dakota v. Wayfair, it will also impact state corporate and income tax obligations. Companies may now be exposed to state income tax as a result of the Wayfair case and should examine their activities … Continue Reading
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