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Litigation Daily

In Upholding $100M Tax Shelter Fraud Verdict, KY High Court Sends a Message

And when Kentucky's court of last resort reinstated a $100 million verdict against Chicago-based Grant Thornton, the nation's sixth-largest accounting firm, it was more as a deterrent against future misconduct than out of sympathy for the plaintiffs.
5 minute read

Law.com

In $100M Tax Shelter Fraud Verdict, No Need for Court to Take Pity on Plaintiffs

And when Kentucky's court of last resort reinstated a $100 million verdict against Chicago-based Grant Thornton, the nation's sixth-largest accounting firm, it was more as a deterrent against future misconduct than out of sympathy for the plaintiffs.
5 minute read

Daily Report Online

A New Deal: The Business Income Tax Deduction Under the TCJA

A short-and-sweet explanation of the not-so-short-and-sweet new law: Any taxpayer that owns an interest in a pass-through entity may qualify for up to a 20 percent income tax deduction on the income of that business.
5 minute read

The American Lawyer

Big Law's Trojan Horse: Are the Big Four Preparing an Invasion?

Law firms partner with the Big Four to serve their clients, but the accountants pose an existential threat. What will happen if—or when—they turn competitive?
20 minute read

International Edition

Big Four's Deloitte to Launch 25-Lawyer Hong Kong Law Firm

Big Four rivals PwC and EY expanded their legal offerings in the city earlier this year, while KPMG is preparing to launch its own Hong Kong law practice next month.
3 minute read

International Edition

Big Four's Deloitte Launches Law Practice in Singapore

Tax specialist Lian Chuan Yeoh's Sabara Law has joined Deloitte's global legal network as the accounting giants continue their global expansion of law offerings.
2 minute read

Daily Business Review

Opportunity Zone Rules Provide Rare Tax Benefits for Investors

The 2017 U.S. Tax Reform introduced the Opportunity Zone provisions as an incentive for taxpayer investment in low-income neighborhoods and combined the benefits of both tax deferral and tax elimination.
6 minute read

The Recorder

Los Angeles Tax Partner's Move to Mayer Brown Signals Big Four's Limitations

Michael Lebowitz moved from White & Case to PwC in 2016 because of the accounting giant's vast resources. But the firm's auditing business was an obstacle to servicing some of his clients.
4 minute read

The Legal Intelligencer

Less Is More for SEC Disclosure Effectiveness Changes

On Oct. 4, the Securities and Exchange Commission (the SEC) published final rules adopting amendments to certain disclosure requirements that have become redundant, overlapping or outdated in light of other SEC disclosure requirements.
8 minute read

Daily Business Review

Swiss Banker Gets 10 Years for Venezuela Graft Case

Matthias Krull is cooperating with prosecutors, and the judge in Monday's hearing said his sentence could be reduced.
4 minute read

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