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International Business Law Blog

Things you need to know about international business and tax law.

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Aug 30, 2021

Insider Tips: And That IS “Bull”

On Friday, July 9, 2021, the U.S. Securities and Exchange Commission (“SEC”) charged Apostolos Trovias, a Greek national, with selling (from 2016 until early in 2021) what he termed “insider trading tips,” including prerelease earnings reports, on the Dark Web. Trovias, according to the SEC Complaint, operated using the “pseudonymous avatar ‘The Bull’.”» Read More

Aug 16, 2021

U.S. Advisory Cautions Businesses Operating in Hong Kong About China’s Crackdown

On July 16, 2021, the Biden administration issued a Hong Kong Business Advisory highlighting changes in the political climate of China and Hong Kong. The advisory, titled “Risks and Considerations for Businesses Operating in Hong Kong,” was issued by the Treasury, StateCommerce, and Homeland Security Departments.» Read More

Aug 02, 2021

USCIS Issues EB-5 Policy: Loan Proceeds to Be Viewed as Cash Rather than Indebtedness

Noncitizens who seek an immigrant visa through the coveted Employment-Based Fifth Category (EB-5) program must meet minimum investment and job creation requirements. Such investments typically consist of capital contributions in the form of cash, equipment, inventory, and other tangible property. On July 22, United States Immigration and Citizenship Services (USCIS) issued a policy stating that loan proceeds will be viewed as cash rather than indebtedness.» Read More

Jul 12, 2021

Cross-Border Transactions and International Investment: Potential Impact of President Biden’s Capital Gains Tax Proposal

President Biden’s “American Families Plan” includes a proposal to impose ordinary personal income tax rates (which the plan proposes to increase to 39.6%) on long-term capital gains of individuals with taxable income of more than $1 million. Coupled with 3.8% net investment income tax, the plan, if enacted, could increase capital gains taxes on both inbound and outbound U.S.» Read More