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When Trump’s sweeping tax bill was signed into law on July 4, it notably excluded any changes to the tax treatment of third-party litigation funders.
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New York City Mayor Eric Adams has enacted a new law that reduces the mandatory auto liability insurance coverage for for-hire vehicles.
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The United States and the Group of Seven nations have reached an agreement to back a proposal that would exempt U.S. companies from certain elements of an existing global tax framework, according to a statement released by the G7 on Saturday.
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Lloyd’s has issued a statement commending the decision to remove Section 899 from the Republican reconciliation bill—a provision that, if enacted, could have imposed significant additional taxes on the U.S. income of businesses domiciled outside the country.
When Trump’s sweeping tax bill was signed into law on July 4, it notably excluded any changes to the tax treatment of third-party litigation funders.
