In a recent case, the Applicant argued that section 14(1)(a) of the Children First Act (2015 Act) does not require that mandatory reporting to the Child and Family Agency, Tusla, is necessary where information is received from an adult regarding an incident which allegedly took place when they were a child. It was argued that the obligation to report retrospective abuse should be confined to situations where there is clear information about the person(s) who is subject of the...

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The levying of tax penalties stood in a recent federal appeals court decision on whether a private foundation was a foreign trust subject to such penalties. In the Rost v. U.S., the U.S. Court of Appeals for the Fifth Circuit upheld tax penalties against U.S. citizen John Rebold, who failed to report his personal-use Liechtenstein “Stiftung” (a non-charitable private foundation) as a foreign trust. The decedent Rebold formed the Enelre Foundation in 2005 for the general support and education of him...

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Key Takeaways Midterm elections rarely dictate a clear shift in the fiscal policy landscape, and the 2022 elections are no different. Fiscal policy has been expansionary during the recent period of unified political leadership. A divided government would likely thwart major legislative agendas from either side of the aisle. The health of the U.S. economy will be far more pivotal for commercial real estate over the next couple of years. The Federal Reserve has a bigger say in its...

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With the help of our members, this thought-leadership series explores the acceleration of “digitalization” due to COVID-19 on both sides of the Atlantic, and across various industries. Today, we present Tim Roberts, Managing Director & UK Country Co-Head at ALIXPARTNERS, and based in London. He will address: “VR = Virtual Risks? Understanding the risks - and opportunities - in the metaverse”. Many people are trying to get their heads around the metaverse and figure out whether it will be life-changing,...

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The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) on Oct. 28 announced $5 billion in New Markets Tax Credit (NMTC) awards with the goal of economically revitalizing low-income communities across the country. Particular outcomes the CDFI Fund hopes to achieve with this round of awards include job creation associated with investments in manufacturing, retail, and technology, as well as greater access to housing and public facilities such as health, education, and childcare for low-income...

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