SALT & Pepper

  • December 2015 Credits & Incentives Update

    This post continues a monthly series outlining updates in state tax credits and incentives; included here are legislative, gubernatorial and case law updates. While tax credits and incentives have their fair share of critics, they are a reality in today's competitive business environment in which states compete with each other for jobs and investment. Regardless of the criticisms, state tax credits and incentives benefit many kinds of entities in a number of different ways.
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  • Asset Protection Devices in the British Virgin Islands That Creditors Need to Understand

    There are approximately 800,000 companies registered in the British Virgin Islands (“BVI”). BVI entities are used as vehicles for investing in Hong Kong, Singapore and mainland China where anywhere from 40-50% of BVI entities are used.
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  • Two Recent Announcements Regarding the False Claims Act

    1. DOJ False Claims Act Statistics for FY 2015 On December 3, 2015, the Department of Justice ("DOJ") released its annual update on the FY 2015 numbers regarding False Claims Act filings and recoveries during this past year ( DOJ Stats FY2015). In the fiscal year ending September 30, 2015, the DOJ received in excess of $3.5 billion from settlements and judgments in civil cases alleging fraud and false claims against the government. This is the fourth consecutive year that the total recoveries have exceeded $3.5 billion from cases filed under the False Claims Act.
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About HMB Law

Welcome to HMB's SALT & Pepper blog. As the title suggests, this blog tracks important and emerging issues, trends and developments that affect our clients not only in State and Local Tax (SALT) but also in other disciplines and industries. This blog is designed to be a helpful resource. We hope our readers will find it practical, insightful and valuable.


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