United States: Michigan Court Of Claims Upholds Legislation Retroactively

The Michigan Court of Claims has upheld the validity of legislation that retroactively repeals the Michigan statutes adopting the Multistate Tax Compact effective January 1, 2008.1 On September 11, 2014, this legislation was enacted to prevent taxpayers from claiming Michigan Business Tax (MBT) refunds based on an election to use the Compact’s three-factor apportionment formula.2 This legislation was in response to the Michigan Supreme Court’s decision in International Business Machines Corp. v. Department of […]

By |January 26th, 2015|

Malta: Romania – Next From ex Eastern Bloc to Legalise Online Gaming

A new gambling legislation, the Government Emergency Ordinance (GEO 92/2014), is to enter into force in Romania on 13th February 2015, after the government approved amendments, right before the end of 2014, to the country’s main piece of legislation on gambling, Government Emergency Ordinance (GEO 77/2009). The amendments in the legislation seem like a revolution for the Romanian gambling industry, and more particularly, for online gaming. Following requests from the European Commission, as well […]

By |January 23rd, 2015|

Canada: Importers Stand To Benefit From The CBSA’s Reversal Of Problematic Policies On Downward Price Adjustments And Value For Duty Calculations

With the publication of Customs Notice 15-001 on January 19, 2015, the Canada Border Services Agency (the “CBSA”) has made some significant changes to its position on the treatment of downward price adjustments in value for duty calculations, including situations in which the downward price adjustment is caused by a transfer pricing agreement between related parties. As discussed below, the changes amount to a complete reversal of the CBSA’s prior published positions on downward […]

By |January 23rd, 2015|