Category Archives: Tax Law

Responding to the NYT’s Stock Buybacks Analysis

A recent New York Times editorial examines the latest data on stock buybacks as evidence that the Tax Cuts and Jobs Act’s corporate tax rate cut isn’t working as intended. Instead of increasing business investment and boosting wages, they argue, the law has only helped the wealthy via an increase in stock buybacks in recent quarters. It’s worth remembering that the increase in stock buybacks isn’t surprising nor a sign that the TCJA won’t increase domestic investment. The immediate reduction in the corporate income tax rate will deliver higher returns to business owners on investments that have already been made. There is no reason why companies wouldn’t choose to return these higher-than-expected returns to shareholders. However, the lower rate will also provide a higher return on new investments. To the extent that the TCJA makes new investments viable, we’ll see an increase in the capital stock, higher productivity growth, and higher….. To continue reading this legal news please click Read full information...

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The GDPR’s Version of Algorithmic Accountability

Lilian Edwards and Michael Veale, Slave to the Algorithm? Why a ‘Right to an Explanation’ is Probably Not the Remedy You are Looking For, 16 Duke L. & Tech. Rev. 18 (2017), available at SSRN. Margot Kaminski Scholarship on whether and how to regulate algorithmic decision-making has been proliferating. It addresses how to prevent, or at least mitigate, error, bias and discrimination, and unfairness in algorithmic decisions with significant impacts on individuals. In the United States, this conversation largely takes place in a policy vacuum. There is no federal agency for algorithms. There is no algorithmic due process—no notice and opportunity to be heard—not for government decisions, nor for private companies’. There are—as of yet—no required algorithmic impact assessments (though there are some transparency requirements for government use). All we have is a tentative piece of proposed legislation, the FUTURE of AI….. To continue reading this legal news please click Read full information...

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Nine Einhorn Harris Attorneys Named to 2019 Edition of The Best Lawyers in America©

  (Denville, NJ – August 15, 2018) – Einhorn, Harris, Ascher, Barbarito and Frost PC is pleased to announce that nine attorneys have been recognized in The Best Lawyers in America© 2019 as Lawyers of the Year in their respective practice areas. The 25th Edition of The Best Lawyers in America© published today, is known as the most reliable, unbiased source of legal referrals. Lawyers on the Best Lawyers in America list are reviewed by their peers on the basis of professional expertise, and undergo an authentication process to ensure that they are in good standing and currently practicing.   The nine attorneys from Einhorn Harris included in The Best Lawyers in America© 2019 are: Patricia M. Barbarito (Family Law) Gary R. Botwinick (Closely Held Companies and Family Businesses Law; Trusts and Estates) Jhanice V. Domingo, (Family Law) Bonnie C. Frost (Family Law, Family Law Mediation) Stephen P. Haller (Family….. To continue reading this legal news please click Read full information...

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What Is the Real Value of $100 in Your State?

This map shows the real value of $100 in each state. Prices for the same goods are often much cheaper in states like Missouri or Ohio than they are in states like New York or California. As a result, the same amount of cash can buy you comparatively more in a low-price state than in a high-price state. The U.S. Bureau of Economic Analysis has been measuring this phenomenon for three years now; it recently published its data for prices in 2016. Using this data, we have adjusted the value of $100 to show how much it buys you in each state. Stay Informed on Tax Policy in Your State Select StateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth….. To continue reading this legal news please click Read full information...

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