Huawei, a Chinese technology company, has the world’s second largest smartphone brand. Its smartphone sales have surpassed Apple and is only behind Samsung.1 But Huawei is not only a smartphone manufacturer—it is a giant telecommunication company with business spreading across almost every corner of the industry, including smartphones, routers, cell towers, phone chips, etc. Huawei…
Month: May 2018
Revised Tax Treatment for Net Operating Losses and Potential Effects
When Congress passed the Tax Cuts and Jobs Act in late 2017, the Internal Revenue Code (“Code”) experienced a major adjustment. In addition to numerous, noteworthy changes in the Code, the treatment of “net operating losses” is now subject to different parameters. A net operating loss (“NOL”) is a loss taken by a business where…
One Constant in a Series of Changes: State Courts Retain Jurisdiction over Securities Act Claims after Cyan v. Beaver County
The Wall Street Crash of 1929 brought about significant financial market reform. One of those reforms still in effect today is the Securities Act of 1933 (“1933 Act” or “the Act”). The Act aims to force companies offering public securities to provide “full and fair disclosure” of pertinent information.1 To foster compliance, it also provides…
The Tax Cuts and the Jobs Act, What Has Changed?
The United States initiated its biggest overhaul of the federal income tax system–the first major reform in 30 years–when it passed Tax Cuts and Jobs Act (“TCJA”) on December 15, 2017.1 The TCJA included substantial changes to the taxation of both individuals and businesses across all industries in the United States.2 The bill, much like…
A Changing of the Guard at Wells Fargo—But What Has Changed?
In the wake of its consumer abuses, including the creation of millions of unauthorized accounts, Wells Fargo is desperately attempting to clean up its image and instate a series of protocols to avoid such issues in the future.1 Recently, the Federal Reserve (“Fed”) ordered the San Francisco-based bank to cap its growth and improve its…