Taxes

Within days after the Supreme Court’s decision in Alston last June, the NCAA issued an “interim policy statement,” suspending rules that had restricted the compensation a student athlete might receive not only directly from her school, but also from third parties, for the commercial use of her “name, image, and likeness” (NIL). While the “interim”
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George Harrison’s 80th birthday was February 25 of this year, and in preparing for a live webinar with his first wife, Pattie Boyd, I have been struck by the following lessons that can be learned from his life and experience. I will be discussing these points and other aspects of personal and professional achievement and
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In the immediate aftermath of the NCAA pretty much throwing in the towel two years ago on trying to regulate the circumstances under which student athletes might be paid for use of their publicity rights — “name, image, and likeness” —, there was a flood of so-called “collective” activity in what might be called the
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When the NCAA issued its “interim” policy statement in June 2021 suspending rules that had prevented college athletes from monetizing their rights of publicity – and despite the fact that the “interim” statement and more recent supplemental guidance both emphasized that “pay-for-play and improper recruitment” incentives were still prohibited – it was perhaps inevitable that
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Watching the explosion of activity in the name, image, and likeness “collective” space, one might easily forget that neither the 2015 decision of the 9th Circuit federal appeals court in O’Bannon nor the 2021 decision of the Supreme Court in Alston, affirming another decision of the 9th Circuit, had anything to do with third party
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What should happen to hundreds of millions of dollars in unclaimed money? That’s what was at stake in Delaware v. Pennsylvania and Wisconsin. Today, the Supreme Court ruled against Delaware, holding that unclaimed MoneyGram checks should be returned to the states where they were issued. Background MoneyGram Payments Systems is one of the world’s largest
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Last year, the US resident population increased by 0.4%, or 1,256,003, to 333,287,557, according to the Census Bureau’s population estimates. The growth was felt most acutely in the South, the fastest-growing and the largest-gaining region, with totals rising 1.1%. Some states—like South Carolina—are increasingly wary of what that means and are considering steps to address
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Like it or not, we face a hard fiscal truth. Uncle Sam, like the rest of us, has a budget constraint. Economists call it the government’s intertemporal budget constraint (IBC). It’s as fundamental an equation in economics as the conservation of energy is in physics. It’s also called the No Ponzi-Scheme Condition. It rules out
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The 2023 tax-return season is unlike others in recent memory for employees who have equity compensation, whether stock options, restricted stock units, employee stock purchase plans, and/or and company shares. The impact of the down and volatile markets of 2022 can complicate your tax return. Another increasingly common issue for tax reporting involves interstate employee
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Robert Goulder of Tax Notes and Jefferson VanderWolk of Squire Patton Boggs (US) discuss the problems with the OECD’s pillar 2 UTPR, formerly known as the undertaxed profits or undertaxed payments rule. This transcript has been edited for length and clarity. Robert Goulder: Welcome to the latest edition of In the Pages, I’m Bob Goulder,
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In Japan, young people are drinking much less than previous generations. This should be a good thing, right? From a health perspective it is, but from a revenue perspective, not so much. It turns out that the teetotalism has caused a steep decline in the country’s liquor tax revenue, to the concern of Japan’s National
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