Reed Smith


Guiding your path to legal knowledge

Filter by...



  • Jan
  • Feb
  • Mar
  • Apr
  • May
  • Jun
  • Jul
  • Aug
  • Sep
  • Oct
  • Nov
  • Dec
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • 2024
  • 2025
  • 2026
  • 2027
  • 2028
  • 2029
  • 2030


“Federal Transition Tax Unconstitutional,” Argues Taxpayer in Ninth Circuit

Thursday, May 27, 2021
2:00 – 3:00 p.m. EST
In March, a taxpayer filed a brief with the Ninth Circuit Court of Appeals in which it argued that the transition tax that resulted from the income inclusion required under Internal Revenue Code Section 965 (“§ 965”) is unconstitutional because the tax is not imposed on the taxpayer’s own income, as required by the 16th Amendment. If the taxpayer in the Ninth Circuit case wins, then what? Would actual cash dividends of earnings previously included under §965 lose their status as previously taxed income and become taxable? What are the state-tax implications? Regardless of how the case is ultimately decided, there are state-tax refund opportunities related to § 965 that will expire this year for most taxpayers. Join us on May 27 as we explore:v The status of the federal litigation challenging § 965 State refund opportunities related to § 965, including: Excluding § 965 income from the state tax base (even in states that don’t purport to allow a full exclusion or dividend-received deduction) Restoring NOLs diminished by the § 965 income inclusion in NY, NJ, and FL. California includes 25% of any cash repatriation of earnings previously included in income under § 965 in the tax base. Can you include the sales of the dividend paying subsidiary that produced the earnings in your apportionment?

Biden, Brexit, a return to the JCPOA? Surely not more due diligence and compliance!: A transatlantic

Thursday 20 May 2021
12:00 - 1:00 p.m. BST
You are invited to join Reed Smith’s international sanctions team as they update listeners on recent developments to the U.S., EU and UK sanctions regimes and how these developments impact the shipping industry. The industry has taken regulator guidance to heart in the last 12 months and we look at how compliance has evolved, and where we are going. We will also consider topics such as the United States’ potential return to the JCPOA and what that might mean for Iran trading, the coordinated approach to sanctions on China and China’s response, the new sanctions on Myanmar and whether we expect more to follow, as well as an update on the duplicitous practices we are seeing within the shipping community and the implications on trade.


Chicago Virtual CLE Week

May 17-21, 2021
10:00 AM - 11:00 AM CT
Reed Smith is pleased to present a virtual CLE week, covering hot litigation, regulatory and transactional topics of interest to our clients. Please join us during the week of May 17-21 for the sessions of your choice.


Article 17 of the Copyright Directive (safe harbour reform) – One month to go!

Friday 7 May 2021
2:00 - 3:00 p.m. BST
With just one month remaining before the deadline of 7 June 2021 for the transposition of the Digital Single Market Directive 2019/790 by the 27 Member States of the EU, we will review and summarize the impact of a number of important publications and announcements regarding the controversial reform of the copyright ‘safe harbour’, expected between now and 7 June.  Our seminar will focus on the practical impact of the text on platforms, users, rightsholders and even regulators, and address:  * the Article 17 Guidelines published by the European Commission;  * the judgment of the CJEU in the case brought by Poland regarding Article 17;  * a whistle-stop tour of the different transposition drafts;  * the degree of differing national implementation which EU law (and the CJEU) can really sustain; and  * the influence of the text on other copyright laws including UK law.  Must platforms become the guardians of their users’ freedom of expression? Will copyright exceptions undergo an accelerated process of EU harmonisation as a result of the text? What is the new statutory right being discussed in Germany? Will Member States fall out over their interpretation of the text? Please join us for responses to these questions and more on 7 May. CLE Information: This program is presumptively approved for 1.0 CLE credit in California, Connecticut, Illinois, New Jersey, New York, Pennsylvania, Texas and West Virginia. Applications for CLE credit will be filed in Delaware, Florida, Ohio, and Virginia. Attendees who are licensed in other jurisdictions will receive a uniform certificate of attendance but Reed Smith only provides credit for the states listed. Please allow 4-6 weeks after the program to receive a certificate of attendance.


Combined Reporting Faceoff: New York vs. New Jersey

5 May 2021
2:00 PM EDT - 3:00 PM EDT
Effective in 2015, New York adopted mandatory combined reporting. New Jersey followed suit not long after, requiring taxpayers to file combined returns beginning with the 2019 tax year. In some ways, the respective New York and New Jersey approaches are quite similar. But there are also key differences. In this webinar, lawyers from Reed Smith’s State Tax Team will summarize those similarities and differences in the ultimate faceoff of Northeastern taxing jurisdictions. In particular, the speakers will highlight taxpayer-friendly provisions and potential refund opportunities in each state. Neither state has adopted final combined reporting regulations, so the speakers will address not only the relevant tax codes, but also each revenue department’s informal policies. CLE/CPE credit will be offered at no charge. Topics will include: Group elections and composition Net operating losses Credits Sourcing of service receipts Special apportionment and equitable relief Partnerships This program is a special-edition crossover combining the following Reed Smith state tax webinar series: New York State (and Local Tax) of Mind, our bi-monthly webinar series covering up-to-date issues and events as they unfold. Past episodes have addressed various corporate income, sales and use, property, and personal income tax issues, as well as policy and administrative changes within the Department of Taxation and Finance. Past episodes can be viewed on demand. New Jersey Tax Reform, our webinar series covering New Jersey’s adoption of combined reporting and market sourcing. Past episodes can be viewed on demand.


The Reed Smith SALT Room: Potential PITFAlls of Taxing Digital Advertising Services

Tuesday 6 April 2021
2:00 p.m. - 3:00 p.m. EST
In this recurring webinar series, attorneys in Reed Smith’s national State and local Tax practice will address state specific, regional, and mulita-jurisdictional issues and opportunities across all tax types. Installments will be structured not only based on geographic regions, but will be industry and topic specific. Be sure to tune into The Reed Smith SALT Room for regularly scheduled updates and useful analysis as to how they may impact your business specifically. The landscape of state and local tax is complex, and always changing, and The Reed Smith SALT Room is here to keep you informed. The COVID-19 pandemic has driven many changes in the world as we know it. Our reliance on all things digital has magnified. As state governments experience substantial revenue shortfalls, the introduction of major tax proposals targeting the digital economy may come as no surprise. Please join us as we discuss: * The Internet Tax Freedom Act (ITFA) and potential implications of states’ increased interest in and efforts to tax digital advertising services * Maryland’s first-in-the nation Digital Advertising Gross Revenues Tax * Tax proposals in states, including New York, Massachusetts, Connecticut, and Washington State

Beware of the U.S. Treasury Offset Program: Case Study – District of Columbia

30 March 2021
2:00 - 2:30 p.m. EST
Many states and the District of Columbia have reciprocal agreements with the U.S. Department of the Treasury enabling them to collect state tax liabilities by offsetting federal non-tax payments due to taxpayers from various Federal agencies. Federal law requires the states to follow certain basic procedures before initiating an offset, such as verifying that the debt is truly due and outstanding, and providing the taxpayer with notice and an opportunity to appeal.


IPT Delaware Valley Local Luncheon Group Tax Technology Webinar: Two-Part Series Part Two: Tax Tec

March 24, 2021
1:00 – 2:30 p.m. EST
In part one of this series, we discussed the ways in which the taxability of technology is evolving. Now, in part two, Mark Rems (Principal, State & Local Tax, KPMG) and Dan Campbell (Manager, Indirect Tax & Licensing, Urban Outfitters) will cover the latest trends in Tax Technology and what they are seeing companies do to enhance automation and improve overall tax compliance. We will also discuss some of the latest legislative developments that are driving change and what the impacts are to your organization. Specific topics will include: * What is the lifecycle of indirect tax compliance and where does technology and process improvement fit in? * Examples of technology and process improvements that we see in Tax Departments and the ROI * How Urban Outfitters has embraced technology and process improvement and where they are in their journey for Tax Optimization * Discussion of upcoming legislative changes that will drive the need for automation in your department

Navigating Contract Performance Issues During a Pandemic

Friday 19 March 2021
1:00 p.m. - 2:00 p.m. EST
The COVID-19 crisis has significantly affected contract relationships the world over during the past year. Government-mandated lockdowns, travel restrictions, and various commercial shutdown orders have all challenged the ability of businesses to comply with contract obligations created prior to the outbreak of the virus. With case counts remaining stubbornly high, those challenges are continuing to strain suppliers and service providers alike. Please join us for an interactive program exploring the contract defenses that have been most relevant during the pandemic and recent natural disasters (e.g., the winter storms in Texas and western wild fires). We will summarize the requirements necessary to establish the defenses of force majeure, impossibility/impracticability, and discharge by supervening frustration of purpose in light of the pandemic. We will also discuss several recent decisions construing those defenses in the context of COVID-19, offer practical suggestions to maximize your protections, and answer your questions.


Handling the unforeseen under yacht charters and yacht construction contracts

Thursday 18 March 2021
12:00 pm GMT - 1:00 pm GMT
We will be discussing the following topics: * A reminder of the operation of force majeure and frustration * The impact of force majeure and frustration on yacht charters * The impact of force majeure in yacht building contracts * The prevention principle as relevant to yacht construction

The Environmental, Social and Governance (ESG) Revolution in Funds Finance

Thursday 18 March 2021
4:00 p.m. GMT - 5:00 p.m. GMT
You're invited to our panel discussion that will focus on structuring ESG facilities in funds finance. We will also be joined on the panel by ISS who are ESG specialists and perform the role of ESG Agents on funds finance transactions. Our goal is to move forward the thinking and innovation in relation to ESG in funds finance and to suggest how these facilities can be better structured. We will have attendees from leading banks, funds and other financial institutions and there will be opportunities for interactive discussion.

New York State (and Local Tax) of Mind: NY Sales and Use Tax Audit Issues and Opportunities, and an

Wednesday, March 17, 2021
2:00 - 2:30 pm EST
You are invited to attend the next installment of our series, New York State (and Local Tax) of Mind. Home to two of the most aggressive tax departments in the country, New York has a state and local tax climate that is constantly changing. This recurring series will cover up-to-date issues and events as they unfold. The series will discuss corporate income, sales and use, property, and personal income tax issues, as well as policy and administrative changes within the Department, and how they may impact your business. Our New York team will provide insight on refund opportunities, challenges to Department policies, and other unique strategies to help resolve tax controversies. This edition of New York State (and local Tax) of Mind will feature a discussion of current sales and use tax audit issues and refund opportunities and an update on taxes affecting companies selling digital goods and services.

Due to the COVID-19 pandemic, we at Reed Smith have postponed all upcoming in-person events.

As with many global organizations, we are generally following the guidance of the US Centers for Disease Control and Prevention; however, we are also monitoring guidance at the state level in the US as well as guidance issued by other public health authorities as it applies to our offices. Where there is any ambiguity, we are erring on the side of caution.

We look forward to hosting you again in person in the future. In the meantime, please visit our webinars page for a full listing of our virtual events.