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Member News
Member News
23
Apr
Economic substance doctrine affirmed; integrated M&A plans face heightened risk.
What the Tenth Circuit’s Liberty Global decision means for M&A tax planning
On April 21, 2026, the U.S. Court of Appeals for the Tenth Circuit affirmed the government’s economic substance win in Liberty Global, Inc. v. United States, No. 23-1410. The court held that section 7701(o) applies even when a transaction mechanically complies with the Internal Revenue Code (Code), and that common mergers and acquisitions (M&A) building blocks (i.e., section 351...
23
Apr
The consumer goods industry is running out of room to hide behind price. By late 2025, category volumes were slipping into decline even as retail sales stayed positive—a clear sign that topline gains are still all price, not product. With inflation pressures intensifying again from rising energy and shipping costs, pricing alone won’t cut it. The next wave of growth will have to come from something harder: winning back consumers through innovation, sharper portfolios, and flawless execution.
Why pricing is...
22
Apr
It started as merely trying out artificial intelligence (AI) tools. Now, more and more employers (and their employees) are relying on AI for their everyday operations, including drafting emails and summaries, screening and ranking applicants, managing employee performance, and answering routine questions. This expanded role has changed AI from a casual acquaintance into a new “co-worker” that can influence employment decisions, outcomes, and experiences. Employers are reviewing AI tools, assessing risks and deciding which tools are authorized in...
21
Apr
In this week’s Roar: Air cargo rates up, electronic tariff refund Phase 1, new emergency surcharges, the state of the global maritime system, and how AI is handling operational bottlenecks.
Since mid-March, air cargo rates are up 10% as the war in Iran has squeezed capacity, pushed up oil prices, and disrupted flights across the Middle East. Jet fuel costs have nearly doubled, resulting in new surcharges on many routes. For shipments where time is of the essence, there are now frequent delays averaging...
20
Apr
Today, April 20, 2026, marks a significant milestone for importers seeking to recover duties paid under the International Emergency Economic Powers Act (IEEPA).
U.S. Customs and Border Protection (CBP) has officially launched the Consolidated Administration and Processing of Entries (CAPE) Phase 1 functionality within CBP’s digital system for processing imports and exports—the Automated Commercial Environment (ACE).
Following the invalidation of certain IEEPA-based tariffs, CAPE serves as the primary administrative mechanism for securing refunds. However, CAPE is not a “blanket” refund process. CBP...
17
Apr
Fake mandatory verification appointments, fake examining attorney phone calls, and fraudulent USPTO emails.
There have been reports of law firms receiving a wave of fraudulent emails impersonating the U.S. Patent and Trademark Office (USPTO). These emails target trademark applicants with urgent demands for a “mandatory verification appointment” phone call with a fake examining attorney. They look convincing because scammers pull real application data (serial numbers, owner names, attorney addresses) from the USPTO’s publicly available Trademark Status and Document Retrieval (TSDR)...
17
Apr
On April 13, 2026, the Small Business Innovation and Economic Security Act (the Act) was signed into law, reauthorizing the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs through September 30, 2031. First and foremost, this ends the six-month program pause in new awards. But it also introduces several important changes aimed at improving the effectiveness of the SBIR program and at strengthening national security. Some of the key provisions are detailed here.
Strategic Breakthrough Awards:...
15
Apr
Let’s Be Honest About the Hype
I’ll be honest: I considered not writing this piece. Any recruiter who goes on record questioning AI right now risks sounding like someone who didn’t see the internet coming. That’s not where I’m coming from. I use technology every day. I’m always looking for ways to work smarter. But after thirty-plus years in recruiting — placing professionals in financial services, compliance, legal, and real estate — I’ve got some observations I think are worth...
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