IRS Issues Proposed Regulations for Tax on Nonprofit Executive Compensation

The Internal Revenue Service has issued proposed regulations describing the rules regarding the 21 percent excise tax on compensation over $1 million and excess parachute payments paid by tax-exempt organizations to certain covered employees. The proposed regulations affect certain tax-exempt organizations, government entities, and certain entities that are treated as related to those organizations.

Tax Relief May be Ahead for Market Participants Transitioning Away from LIBOR

Tax relief may be coming for issuers and holders of debt instruments and parties to derivatives and other financial contracts governed by LIBOR (the London Interbank Offered Rate). The IRS published new proposed regulations on October 9 to address tax concerns as parties have begun to modify financial instruments’ reference rates in anticipation of a

Temple Students Publish Studies of Business Law in China

The 10-Q has recently published several articles about doing business in China. Temple Law Professor Tarrant Mahony discussed the passage of a new foreign investment law in China. Temple Law Professor Mo Zhang discussed his forthcoming paper in the San Diego International Law Journal regarding the enforcement of foreign arbitral awards in China. Temple Law

China Passes Landmark New Foreign Investment Law

Professor Tarrant Mahony discusses the recent passage of the “Foreign Investment Law of the People’s Republic of China” (the “FIL”). The FIL consolidates many recent changes to China’s foreign investment regime, allows for the establishment of foreign investment projects without prior government approval, and addresses issues of intellectual property rights protection and forced technology transfer.