SALT & Pepper
City of Chicago Department of Finance Changes the Terms of its Voluntary Disclosure Program
December 14, 2017
Authored by: Breen Schiller
In:
State & Local Tax (SALT)With no formal announcement it appears that the City of Chicago Department of Finance (“City”) has changed the terms of its voluntary disclosure program (“VDA Program”).
Read MoreFederal Courts Determine OTCs’ Service Fees not Subject to Hotel Occupancy Taxes
December 05, 2017
Authored by: Samantha Breslow and Breen Schiller
In: State & Local Tax (SALT)The federal courts just gift-wrapped a decision for taxpayers, right in time for the holidays. In late November, the U.S. Court of Appeals for both the Fifth and Seventh Circuits held that local hotel occupancy taxes do not apply to the service fees online travel companies (“OTCs”) charge for facilitating hotel reservations. These decisions signal not only relief for OTCs, but may have wider reaching implications for the applicability of other local taxes to service fees.
Read MoreSecond Circuit Explains Alleging a Domestic Injury in RICO Complaint for Extraterritorial Actions
November 06, 2017
Authored by: Eric (Rick) Rein
In:
International Asset RecoveryThe Second Circuit is the first court of appeals to consider the holding in the United States Supreme Court’s decision in RJR Nabisco Inc. v. European Community, 136 S. Ct. 2090 (2016), which said that Section 1964 (c) of RICO does not apply extraterritorially for injury to business or property and requires a domestic injury, not merely recovery for foreign injuries. The Supreme Court did not explain how to determine a domestic injury.
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