On April 14, the Department of Labor (DOL) outlined a range of practices for combatting the growing threat of cybercrime to ERISA-covered retirement plans. This first-ever cybersecurity guidance issued by the DOL’s Employee Benefits Security Administration (EBSA) casts a wide net, addressing key issues affecting plan sponsors, fiduciaries, record keepers, as well as plan participants […]
Read moreThe U.S. Department of Justice (DOJ) recently challenged the applicability of the “transaction value” for customs purposes under the First Sale Rule (FSR) to imports from China in its April 29, 2021 rebuttal filing in the Imperia Trading, Inc. v United States matter. The case involves the use of the transaction value for FSR claims […]
Read more
The Biden Administration’s American Families Plan and other tax proposals may complicate the tax landscape for high-income earners. Many of the proposals target taxpayers earning more than $400,000 per year. The American Families Plan proposals include: Increasing the top marginal income tax rate to 39.6% for households making over $400,000; Taxing long-term capital gains at […]
Read more