Tag Archives: Substance

Economic Substance Requirements and Tax Haven Jurisdictions

Not receiving much attention are new economic substance requirements that have recently been enacted in several tax haven jurisdictions, including the Cayman Islands, Bermuda, and the British Virgin Islands. Tax planning structures often involve the use of corporations and other … Continue reading

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USCIS Issuing Policy Guidance to Clarify that Violation of Federal Controlled Substance Law, Including Marijuana, Remains a Conditional Bar to Establishing Good Moral Character for Naturalization

U.S. Citizenship and Immigration Services (USCIS) has issued policy guidance in the USCIS Policy Manual to clarify that violation of federal controlled substance law, including for marijuana, remains a conditional bar to establishing good moral character (GMC) for naturalization even … Continue reading

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How Substance Abuse Can Affect Divorce Proceedings

Substance abuse is one of the most common reasons why couples decide to divorce. With over 20 million Americans over the age of 12 suffering from addiction, substance abuse has become an epidemic throughout America. Individuals who suffer from drug … Continue reading

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Tenant’s New Defense to Hazardous Substance Liability

Buried in the omnibus spending bill signed earlier this year were amendments to the Superfund law that for the first time make clear that tenants can qualify as bona fide prospective purchasers, protected from cleanup costs from the presence of … Continue reading

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Intercompany Fee Arrangement Lacks Economic Substance

If the employees and owners of a profitable C corporation set up a related entity and lease the employee-owner’s services back to the C corporation, can the C corporation deduct the payments?  Taking it a step further, what if the … Continue reading

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