Author: North America Tax Practice

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We are pleased to enclose the December issue of Tax News and Developments, a publication of Baker McKenzie's North America Tax Practice Group. This month's edition features developments in tax reform, private letter ruling requests, Panama Papers committee report, along with updates in state and local tax.

In this Issue


  • Congress to Vote on Historic Tax Bill this Week
  • Heightened Scrutiny in Future Ruling Requests in an Already Uncertain Tax World
  • EU Parliaments Panama Papers Committee Issues Report and Accuses EU Member States of Being Part of the Problem
  • The Unintended Consequences of Taxing the Digital Economy
  • Tax Court Rejects IRS Attempt to Extend "At Issue" Privilege Waiver to Post-Return Materials and Communication
  • Failure to Use Proration Method Does Not Always Violate Normalization Rule
  • Transfers of Foreign Goodwill and Going Concern Value: Treasury Considers a Limited Active Trade or Business Exception
  • Treasury is in Danger of Becoming the "Lucy" of Tax Regulations: Yet Again, Treasury Delays Implementation of Documentation Rules Under Section 385
  • CRA Position on Equity Compensation
  • Has the Soda Tax Lost its Pop?
  • Massachusetts Promulgates Controversial Remote Vendor Nexus Regulation; Virginia E-Commerce Retailer Files Suit Protesting Constitutional Overreach
  • Join Baker McKenzie and Tax Executives Institute in Dallas for Firm's 40th Annual North America Tax Conference

The intent of this newsletter is to concentrate on current tax items that are likely to be of interest to clients and friends of our Firm. Please feel free to pass along a copy to any of your colleagues who might also find it of interest.

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