The spotlight may be on the US 2024 presidential election, but tax executives can’t afford to take their eyes off 2025 and beyond. That’s when federal and global tax policies will come to a head. Key individual provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 expire, and changing TCJA international provisions could result in US corporate tax increases even as other countries are moving to collect higher corporate taxes. Now is the time to evaluate how...

On April 7, House Energy & Commerce Committee Chair Cathy McMorris Rodgers (R-WA) and Senate Commerce Committee Chair Maria Cantwell (D-WA) announced a bipartisan, bicameral draft of comprehensive data privacy legislation, the American Privacy Rights Act (APRA). The APRA represents a significant compromise and, according to Rodgers and Cantwell, “strikes a meaningful balance on issues that are critical to moving comprehensive data privacy legislation through Congress,” such as preemption of state laws and a consumer private right of action. Applicability Covered entities subject...

On 12 March 2024, the European Parliament approved the proposed Cyber Resilience Act (Proposal for a regulation on horizontal cybersecurity requirements for products with digital elements; "CRA"). The CRA now has to be formally adopted by the European Council in order to come into law. This is expected in April 2024. The CRA is aimed at improving the cybersecurity of products with digital elements, such as doorbells, smart home devices and Wi-Fi routers, sold on the EU market. It introduces...

Artificial intelligence (AI) has become increasingly important in the enterprise, thanks in part to the rise of generative AI (GenAI). While not a new technology or concept, AI (including machine learning) holds tremendous promise to transform various business functions and activities worldwide — from accounting and finance to cybersecurity, customer experience and more. In boardrooms and C-suite offices everywhere, AI is inspiring conversations on reimagining how the business operates. Realizing AI’s opportunities, measuring and managing both benefits and risk, becomes...

The European Central Bank is optimistic about inflation hitting its 2% target, strengthening arguments for lowering record-high borrowing costs, as indicated in its recent meeting summary that was reported by Reuters. Despite maintaining rates in March, officials hinted at a possible June rate cut, given progress in managing inflation and moderating wage growth. Although there's confidence in reaching the inflation goal, the bank remains cautious, opting to wait for more data before making rate decisions. Upcoming meetings may solidify plans for...

In this podcast, Meagan Dziura, a member of Ogletree Deakins’ Immigration Practice Group, covers alternatives for employees not selected in the H-1B lottery, given the stagnant number of USCIS selections made for H-1B visas despite an increased demand over the past few years. Meagan discusses potential options for visa applications, including specialty occupation and treaty visas, such as the H-1B1 and E-3 visas, as well as the TN professional and O-1 extraordinary ability visas. Meagan also explores opportunities for...

The European Commission has launched an in-depth investigation into a public procurement procedure to examine potential market distortions of foreign subsidies. This is the first in-depth investigation under the Foreign Subsidies Regulation (FSR) which came into effect on 12 July 2023. The Commission will assess whether foreign subsidies allowed CRRC Qingdao Sifang Locomotive Co Ltd (CCRC), a Chinese state-owned train manufacturer, to submit an unduly advantageous offer in reply to a tender for electric trains in Bulgaria. The Foreign Subsidies Regulation The...