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Sri Lanka Supreme Court rules government officials breached public trust in management of the economy

JURIST

The bench ruled by a majority of 4-1, saying that the respondents were responsible for Sri Lanka’s economic crisis between 2019-2022. The court emphasized that the authorities should have been aware of and taken measures to address issues that negatively impacted the economy instead of exacerbating them.

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The QSBS 5-Year Holding Period and Section 83(b): the Founder’s Perspective

Strictly Business

As discussed in our recent QSBS overview , qualified small business stock (“QSBS”) can offer significant tax benefits for founders, advisors, and investors. That basically means, as a general rule, our Recipient recognizes income and pays taxes on the value of the stock as it vests. So what does Section 83(b) have to do with QSBS?

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Tax Prep for Law Firms: Year-End Tips

Rocket Matter

7 tips for law firms to get ready for taxes Grab a holiday cookie and turn off your email notifications. Make a start on your year-end tax preparation with these seven steps. Make a start on your year-end tax preparation with these seven steps. One too many “Season’s Greetings” emails.

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Former South Africa president says successor has ‘committed treason’

JURIST

Ramaphosa’s scandals began in June after ex-national spy and intelligence chief Arthur Fraser filed a police complaint alleging that robbers broke into Ramaphosa’s Phala Phala farm in northeastern South Africa, where they found $4 million in cash hidden in furniture.

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South Africa president cleared of wrongdoing in preliminary corruption report

JURIST

Instead, the President was a victim of a crime that he duly reported to the relevant authorities.” Robbers found $4 million in cash hidden in furniture. Ramaphosa was accused of concealing the money from tax authorities and hiding the robbery from the police.

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Luxembourg: Tax Authorities' FAQ On DAC6 - ELVINGER HOSS PRUSSEN, société anonyme

Mondaq

On 4 May 2022, the Luxembourg tax authorities published a Frequently Asked Questions ("FAQ") on the mandatory disclosure rules introduced in Luxembourg law on 25 March 2020.

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Voters in two US states approve recreational marijuana ballot measures, three state measures fail

JURIST

Maryland Question 4, on the ballot as a constitutional amendment, was approved by a vote of 65.54 The Maryland Constitution will now authorize individuals over 21 to use and possess marijuana. Maryland and Missouri approved the measures while Arkansas, North Dakota and South Dakota did not. percent to 34.46

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