United States: Cook County Use Tax Litigation Update

Two significant developments have occurred with respect to the Cook County Non-Titled Personal Property Use Tax (“Use Tax”) and Reed Smith’s challenge to the Use Tax.

First, on behalf of the Chicagoland Chamber of Commerce and its members (the “Chamber”), Reed Smith filed an additional challenge to the Use Tax.

Second, Cook County (the “County”) amended the Use Tax Ordinance in response to Reed Smith’s initial lawsuit, decreasing the Use Tax rate to equal the corresponding […]

By |June 1st, 2013|

New Tax Treaties Between Mexico And Hong Kong And Qatar

In March 2013, two new income tax treaties signed by Mexico—with Hong Kong and with Qatar—were published in the Mexican Official Gazette. With these new tax treaties, Mexico will have a tax treaty network comprising 54 countries. Both tax treaties will become effective as of January 1, 2014.

While negotiating and executing both tax treaties, Mexico took advantage of the OECD Model Tax Convention on Income and on Capital, incorporating some features from the UN […]

By |May 26th, 2013|

USA: Government Claims Report That It Has Disqualified Many Previously Accepted Taxpayers Under OVDP Overstated

In the April 22nd edition of Tax Notes, it was reported that the number of taxpayers who were previously accepted in the IRS’ 2012 Offshore Voluntary Disclosure Program and now were notified that they were ineligible was relatively small and that taxpayers “should not be afraid to enter the program”. A recent posting on this blog announced  the Service’s initial notice that individuals and persons who were notified by disclosures made by certain banks to […]

By |May 14th, 2013|