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New Developments in State Sales and Use Taxes on Aircraft and Key Sales and Use Tax Planning Tools
U.S. Imposes Additional Sanctions on North Korea
Surface Transportation Board Update
GKG Law’s Rich Bar Speaks at the 2017 Association TRENDS’ Learnapalooza
Richard Bar, Principal in GKG Law's Trade & Professional Associations Practice, will be a guest speaker at the 2017 Association Trends Learnapalooza Conference to be held on October 3-5, 2017 at the Hilton Crystal City in Arlington, Virginia. For information about this event, please contact Rich Bar at 202-342-6787 or rbar@gkglaw.com or click here.
GKG Law Associate Oliver Krischik Quoted in New York Times Article "For Mexico’s Marquez, Treasury Sanctions Carry Broad Consequences"
This August 10, 2017 New York Times article quotes GKG Law's Oliver Krischik in connection with his analysis of the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designation of Rafael Márquez, the captain of the Mexican national soccer team.
By Kevin Draper
Rafael Márquez’s life just became a lot more difficult.
On Wednesday, the United States Treasury Department accused Márquez, the captain of Mexico’s national soccer team, and several businesses connected to him of acting as fronts and holding assets for a major drug trafficking organization. The designation — Márquez was placed on the Office of Foreign Assets Control’s (OFAC) list of so-called Specially Designated Nationals — had immediate effects on Marquez personally, among them the freezing of his assets in the United States and a general prohibition on Americans’ having dealings with him.
But according to several lawyers with experience in similar cases, the sanctions also could have a wide-ranging effect on Márquez’s Mexican club team, Atlas; the Mexican soccer federation; marketing partners and sponsors for both organizations; and even FIFA and the United States Soccer Federation, which are working with Mexico’s federation on a bid to be a host of the 2026 World Cup with Canada.
In theory, given the potential consequences for doing business with Márquez, his continued presence on the list could even prevent him from playing for his club, or his country, again.
…
Even more mundane services, such as if Márquez has a life or health insurance policy with an American company, could be affected, because any payments to him in American dollars will pass through American banks where, by law, they must be frozen.
“Generally, for my clients, even if they are foreign companies, the recommendation is to cut all ties with S.D.N.s,” said Oliver Krischik, a lawyer at GKG Law who focuses on OFAC sanctions. “You’d be surprised by how entangled financial transactions are at banks.”
The full article may be read here.
It’s All About Safety
Importing Used Business Aircraft: How to Deal with Commonly Encountered Issues. (Part 2 of 3)
In a reversal of traditional selling patterns, business aircraft that had been exported from the US are being imported and registered with the FAA. Keith Swirsky describes what such transactions entail.
Importing Used Business Aircraft: How to Deal with Commonly Encountered Issues. (Part 2 of 3)
Importing Used Business Aircraft: How to Deal with Commonly Encountered Issues. (Part 3 of 3)
In a reversal of traditional selling patterns, business aircraft that had been exported from the US are being imported and registered with the FAA. Keith Swirsky describes what such transactions entail.
Importing Used Business Aircraft: How to Deal with Commonly Encountered Issues. (Part 3 of 3)
Enjoining the IRS – Using Litigation to Stop a Revocation
For many tax-exempt organizations and the practitioners who represent them, the prospect oflitigating a tax issue against the IRS is poss.ibly the scariest thing in the world. Tax litigation is therefore often viewed as a tactic to be used only when all hope is lost Basically, most organizations and many tax lldvisors will not seriously consider the prospect of engaging in litigation over an organization's tax-exemptstatus until the IRS has already revoked the organization's exempt status and dissolution has become inevitable. This is the worst time to engage in tax litigation.
Read more here.