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Understanding the Corporate Tax Obligations for Natural Persons Under UAE Law

LexBlog IP

Introduction: The Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses (Corporate Tax Law), establishes the legislative framework for imposing federal tax on corporations and business profits in the UAE. A person residing or conducting business in the UAE is considered a tax resident.

Law 52
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The Corporate Transparency Act (Part 2): Exemptions from the Reporting Requirements

LexBlog IP

On January 1, 2021, Congress enacted the Corporate Transparency Act (the “ CTA ”) as part of the Anti-Money Laundering Act of 2020 and its annual National Defense Authorization Act. Government Authorities This exemption includes any entity that (a) is established under the laws of the U.S.,

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“The Reasonable Robot” tackles AI’s impact on the economy, intellectual property rights, and more

IPilogue

To illustrate, consider how the law taxes activity by a person and a machine differently. The FDA authorized an autonomous AI system that provides point of care assessment for certain eye diseases. However, if the hospital or medical group can use the AI system instead of the human doctor, it does not have to pay any payroll taxes.

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Treasury Department Issues General License Authorizing Certain Transactions Related to Patents, Trademarks, and Copyrights

JD Supra Law

13, which authorized "U.S. Department of the Treasury issued General License No.

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ASCAP Agrees To Hand Artist's Royalties To IRS

IP Law 360

The American Society of Composers, Authors and Publishers agreed to pay royalties earned by a Grammy-nominated artist to the Internal Revenue Service in response to levies for his unpaid taxes, the U.S. government told a New York federal court Thursday.

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The Corporate Transparency Act (Part 2): Exemptions from the Reporting Requirements

LexBlog IP

On January 1, 2021, Congress enacted the Corporate Transparency Act (the “ CTA ”) as part of the Anti-Money Laundering Act of 2020 and its annual National Defense Authorization Act. Government Authorities This exemption includes any entity that (a) is established under the laws of the U.S.,

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Ex-Uber Exec Asks Court To Uphold His Tax-Free Settlement

IP Law 360

An ex-Uber Technologies executive who declared bankruptcy after admitting to stealing trade secrets from Google asked a California federal court to uphold a decision freeing his settlement with the companies from income taxes, saying the bankruptcy court had authority to determine his bottom-line liability.