Tag Archives: Exemptions

Supreme Court Rejects Longstanding “Narrow Construction” Rule for FLSA Exemptions Continue Reading…

For more than 70 years, the Supreme Court has construed exemptions to the Fair Labor Standards Act (“FLSA”) narrowly. In A.H. Phillips, Inc. v. Walling, for example, the Court stated that “[t]o extend an exemption to other than those plainly … Continue reading

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How Agencies Should Use Waivers and Exemptions

Think of administrative agencies, and you often think of their efforts to enforce the law, such as environmental regulators fining polluters or financial regulators taking inside traders to court. In fact, agencies sometimes do just the opposite: They excuse parties … Continue reading

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How Initial Coin Offerings May Utilize Regulation D Exemptions

What follows is NOT investment or financial advice and is merely for informational purposes only. Please seek professional advice when making decisions regarding the issuance of securities. For the uninitiated, an Initial Coin Offering (ICO) is a method used by … Continue reading

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Trump plans to announce steel tariffs, but may allow exemptions for U.S allies after all

President Trump is expected as early as Thursday to sign off on his controversial plan to slap stiff tariffs on imported steel and aluminum, but in a surprise reversal the White House opened the door to exemptions for products from … Continue reading

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Updated Historical Federal Transfer Tax Rates, Exemptions, and Related Information Table

I have updated this table to include 2018 data based on inflation adjustments and changes in the 2017 Tax Act. The $11,180,000 exemption and exemption equivalent amounts for estate, gift and GST tax are not yet out, so estimates are … Continue reading

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