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Estate, Inheritance, and Gift Taxes in Europe

Inheritance tax dates back to the Roman Empire, which collected 5 percent of inherited property in order to pay soldiers’ pensions. Today, the practice is widespread. The majority of European countries covered in today’s map currently levy estate, inheritance, or gift taxes. These countries are Belgium, Bulgaria, the Czech Republic, Denmark, Finland, France, Germany, Greece, […]

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Ginsburg “resting comfortably” after procedure at New York hospital

Amy Howe Independent Contractor and Reporter Posted Wed, July 29th, 2020 8:31 pm Posted Wed, July 29th, 2020 8:31 pm by Amy Howe Justice Ruth Bader Ginsburg underwent a “minimally invasive non-surgical procedure” on Wednesday at Memorial Sloan Kettering Cancer Center in New York to “revise a bile duct stent that was originally placed at […]

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Three-Fourths of New 2016 Investment Was Excluded from Improved Cost Recovery

Recent IRS data gives us insights into new capital expenditures made by both individuals and corporations in 2016. In total, the IRS estimates that individuals reported $347.1 billion in capital expenditures and corporations reported nearly $1 trillion of assets placed into service. An important takeaway from this data is that it sheds light on what […]

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“A scalpel rather than a bulldozer”: Severability is in the spotlight as the newest ACA challenge looms

Abbe R. Gluck is a professor of law and faculty director of the Solomon Center for Health Law and Policy at Yale Law School. What is the Supreme Court to do with the rest of a statute when it finds one provision unconstitutional? That is the question a long-out-of-the-limelight doctrine — the “severability doctrine” — […]

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Senate Republicans Introduce the HEALS Act for Coronavirus Pandemic Relief

On Monday, Senate Majority Leader Mitch McConnell (R-KY) announced the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, backed by Senate Republicans as their opening bid for “Phase 4” economic relief ahead of negotiations with Senate and House Democrats. Phase 4 relief is the anticipated follow-up legislation to the $2 trillion Coronavirus Aid, Relief, […]

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Event recap: 2020 Supreme Court Roundup Webinar with Casetext

Posted Mon, July 27th, 2020 10:04 am by Kalvis Golde Casetext and SCOTUSblog hosted a webinar on July 23 to debrief the blockbuster 2019-20 Supreme Court term. SCOTUSblog Publisher and Co-Founder Tom Goldstein and Goldstein & Russell Partner Sarah Harrington led the discussion, moderated by Casetext Chief Operating Officer Laura Safdie. The event was co-sponsored […]

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Justices decline to intervene in dispute over Nevada COVID-19 restrictions

Posted Fri, July 24th, 2020 10:55 pm by Amy Howe A divided Supreme Court on Friday night turned down a request by a Nevada church for permission to hold services on the same terms that other facilities in the state, including casinos, are allowed to hold gatherings during the COVID-19 pandemic. Chief Justice John Roberts […]

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Empirical SCOTUS: Justices’ separate opinions suggest high polarization outside the regular merits docket

Posted Fri, July 24th, 2020 5:35 pm by Adam Feldman Over the past five Supreme Court terms, the justices have issued 157 separate “opinions relating to orders.” These orders, which are issued without oral arguments and without full merits consideration, typically fall into three categories: denials of cert petitions, rulings on emergency requests for relief […]

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Revenue Gains in Asian and Pacific Countries Likely Offset by COVID-19

The Organisation for Economic Co-operation and Development (OECD) recently published a report on tax revenue statistics in selected Asian and Pacific countries, covering 21 tax jurisdictions. The report provides tax revenue data from 1990 to 2018 and includes a section on nontax revenue data for selected Asian and Pacific economies. Additionally, a special feature co-authored by the […]

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New York and New Jersey Consider Financial Transaction Taxes

Seeking new sources of funding, New York and New Jersey—two states at the heart of global financial markets—are considering financial transaction taxes. New Jersey’s A4402 would impose a 0.25 cent tax on every financial transaction processed in the state. In New York, some lawmakers have proposed a rate as high as 5 cents per share […]