California Reduces State Tax Penalty on Non-Compliant Section 409A Payments

California Law AB 1173

On October 4, 2013, California’s Governor Brown signed into law AB 1173, a bill which reduces the California tax penalty on non-compliant Section 409A payments from 20% to 5% for tax years beginning on or after January 1, 2013.

Section 409A of the Internal Revenue Code covers deferred compensation arrangements …

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Intellectual Property, International Structuring and the Double Irish Tax Sandwich

Twitter’s upcoming IPO has brought increased attention to the company and its international tax affairs. Twitter’s SEC filings have brought to light a number of Irish and Dutch subsidiaries, so it appears the company may follow Apple and Google’s lead in adopting a Double Irish Tax Sandwich structure, also known as a “Double Irish,” and …

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The JOBS Act, Securities Implementation, General Solicitation, and Crowdfunding Rules

With the recent release of another new set of proposed rules by the SEC, now is perhaps a good time to step back and look at where we are with regards to implementation of the JOBS Act.

The JOBS Act was signed into law in April 2012; however, large parts of the JOBS Act required …

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Pitch Competitions, Securities Regulation and SEC Laws

Issuers who conduct presentations at pitch fairs and venture capital fairs face significant uncertainty regarding SEC compliance with the rules on general solicitation. The SEC recently released new rules that permit general solicitation; however, there are onerous filing requirements that many issuers will want to avoid. This is especially applicable to those who conduct presentations …

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