The U.S. Tax Court just published a decision addressing the first of 200 cases involving individual taxpayers that invested in a tax shelter scheme involving lenses intended for concentrated solar projects: Preston and Elizabeth Olsen v. Commissioner of Internal Revenue.
The opinion is effectively a case study in how not to structure an investment in solar equipment, particularly an investment by an individual.
Read the article in its entirety written by David Burton.
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On 16 April 2024, the Hon Tanya Plibersek MP, the Minister for the Environment and Water (the Minister) announced progress on the package of reforms to the Environment Protection and Biodiversity Conservation Act 1999 (Cth) (EPBC Act).
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The DOJ Criminal Division’s Pilot Program on Voluntary Self-Disclosure for Individuals aims to encourage individuals with potential criminal exposure to voluntarily disclose corporate criminal conduct in exchange for discretionary grants of immunity.
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