SALT & Pepper
In the Matter of Product of Conagra Foods Ingredient Co., New Mexico Administrative Hearing Office, Dkt. No. 17-39, September 15, 2017
October 02, 2017
Authored by: Marilyn Wethekam and Fred Marcus
In: State & Local Tax (SALT)The New Mexico Office of Administrative Hearings granted Conagra Foods’ Motion for Summary Judgment concluding the interest earned on notes was properly characterized as non-business income.
Read MoreEffectiveness of Foreign Remedies to Obtaining Internet Information and Enjoining Illegal Conduct
August 04, 2017
Authored by: Eric (Rick) Rein
In:
International Asset RecoveryThe Internet has become the common form of commerce. As such, illegal activity has migrated there. The Internet is frequently used to engage in illegal activity cloaked in anonymity. Claimants have few if any direct means of enforcing their rights and court orders against the offenders. The power to make orders against Internet companies is essential to preserving the effectiveness of law online. Obtaining a remedy is often the practical solution to enforcing rights. Moreover, illegal online conduct crosses multiple jurisdictions often time simultaneously. As courts with personal jurisdiction have the power to adjudicate claims, it is essential that remedies have extraterritorial effect so to make it easier and less expensive for proceedings having to be brought in every country where the illegality occurs and the internet company operates.
Read MoreIllinois Appellate Court Issues Decision on Temporary Storage Exemption
August 04, 2017
Authored by: David Hughes and Samantha Breslow
In: State & Local Tax (SALT)On June 28, 2017, the Illinois Appellate Court in Shared Imaging, LLC v. Hamer, 2017 IL App (1st) 152817, P1 (Ill. App. Ct. 1st Dist. June 28, 2017) reversed the Circuit Court’s decision and held that Shared Imaging, LLC (the “Taxpayer”) is entitled to a depreciation deduction on the selling price of units of equipment that occurred prior to their return to Illinois, a credit for taxes paid to other states for the periods before the units were returned to Illinois, and abatement of penalties on those units of equipment that were acquired outside of Illinois but returned to Illinois after the initial storage.
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