COVID-19: Latest Tax Law Developments

Since our last alert, Congress has passed the CARES Act stimulus legislation, and the Internal Revenue Service (“IRS”) has released further guidance on tax deadline postponements, issued a nationwide evacuation notice, and announced dramatic changes to its enforcement practices for the next several months. This alert summarizes the following key federal tax developments:

CARES Act tax provisions for employers, including deferred employment taxes; wage credits for employers experiencing a COVID-19-related closure; and special rules […]

By |April 7th, 2020|

Article 63 And Withholding Tax On Foreign Funds: Another Step On The Road To Refund

Köln-Aktienfonds Deka> (“KA Deka”) is an investment fund constituted under German law. It is a UCITS within the meaning of Directives 85/611 and 2009/65, open-ended, listed on the stock exchange, without legal personality and exempt from tax on profits in Germany. It makes investments on behalf of individuals.

During the financial years 2002/2003 to 2007/2008, KA Deka received dividends distributed by Dutch companies, in which it held shares. Those dividends were subject, in accordance with […]

By |April 3rd, 2020|

Canada Passes COVID-19 Economic Response Plan Into Law – Our Tax Take

Last week Canada enacted Bill C-13 An Act respecting certain measures in response to COVID-19 (the “Bill”). This Bill contained many of the measures that were previously announced in the March 18 COVID-19 Economic Response Plan. You can read our March 18 blog for our views on the previous announcement.

The Bill contains many aspects aimed at helping Canadians overcome the COVID-19 situation. As we are tax geeks, we are going to limit and focus our comments on the income […]

By |March 31st, 2020|