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- Tax Partner Howard Barnet Discusses Proposal Increasing New York City Taxes On Hedge Fund Managers
Tax Partner Howard Barnet Discusses Proposal Increasing New York City Taxes On Hedge Fund Managers
Tax partner Howard J. Barnet, Jr. was quoted in the January 12, 2012 Hedge Fund Law Report article “Proposed New York City Audit Position Can Increase the Amount of Unincorporated Business Tax Paid by New York Hedge Fund Managers.” The article examined a new Proposed Audit Position to be considered by the New York City Department of Finance. Under the proposal, in examining the expenses of hedge funds, the Department of Finance would effectively reallocate many expenses currently claimed by the investment manager to the general partner. The effect would be to increase the operating profits of (New York City-based) investment managers, in turn increasing the amount of New York City Unincorporated Business Tax they would be required to pay. Mr. Barnet commented on the history and scope of the proposal, and offered his view that although the proposal itself would probably not cause hedge fund managers to relocate, its implementation could.
On November 1, Carter Ledyard client CooperSurgical, Inc. completed its previously announced purchase of the assets and global rights and business of the PARAGARD® Intrauterine Device (IUD) product from Teva…
On behalf of its client, Suffolk County, Carter Ledyard successfully defeated an application by certain oceanfront property owners on Fire Island to preliminarily enjoin the County from acquiring easements on their…
Carter Ledyard partner, Steven Paul McSloy, spoke on Federal Indian law and policy at the California Tribal College’s Certificate Program in Tribal Leadership & Governance at Yocha Dehe Wintun Nation in Brooks,…
Ignites quoted Carter Ledyard Counsel Valentino Vasi on the potential effect new guidelines for reporting cybersecurity breaches to investors will have on public companies.
Carter Ledyard & Milburn LLP is pleased to announce that Ahsaki Benion has joined the firm as a Counsel in our Tax Exempt Organizations practice.
Carter Ledyard hosted a roundtable discussion and networking reception on October 26, 2017 focused on cybersecurity issues within the financial services industry.
On January 16, 2016, after years of intense negotiations and numerous interim agreements, the United States, the United Kingdom, Germany, France, Russia and China (the five permanent members of the United Nations Security…
CL&M client Global SC Finance SRL completed a refinancing of an existing series of asset backed notes involving an extension of the maturity and increase in the aggregate principal amount.
Carter Ledyard helped one of its merchant cash advance clients prevail in a litigation in which a merchant sought to vacate a judgment entered against it by our client based on an affidavit of confession of judgment.
Forty-four Carter Ledyard & Milburn LLP attorneys were selected for inclusion in the 2017 Super Lawyers® - New York Metro. Super Lawyers® recognizes top lawyers via a patented multiphase selection process involving…
New York State has taken another important step forward on promoting off-shore wind energy development.
Ten basic considerations for carrying out environmental due diligence
Client Advisory written by Christine Fazio and Julie Weisman, August 22, 2017
Carter Ledyard & Milburn LLP is pleased to announce that Charles G. Berry joined the firm as a partner in its Litigation Department. Mr. Berry represents US and foreign banks and businesses, and has achieved many trial,…