SAN ANTONIO EXPRESS – AUGUST 31, 2018 Scuttling free trade with Canada would have a disproportionate impact on Texas. Texas is the nation’s top exporter and has a trade surplus with Canada. Texas exports about $22.8 billion of goods annually to Canada, its second-largest trade partner. The elimination of a free trade agreement with Canada…
We are pleased to announce that Doug McCullough will be moderating a panel at the Canada-Texas Chamber of Commerce NAFTA Symposium on May 22nd. The Symposium will discuss the ongoing NAFTA renegotiations and their impact on Texas, Canada and Mexico. If this interests you, register here.
Do you have an OFAC compliance program for your international trade activities? In an increasingly globalized economy, business transactions proliferate in a myriad of international trajectories. When doing business overseas, you must not only be aware of the Foreign Corrupt Practices Act (FCPA), you must also take note of the Office of Foreign Assets Control…
L’une des premières questions que se pose un entrepreneur désireux de lancer une activité aux Etats-Unis, et notamment au Texas, repose sur la forme de société qu’il devrait former sur place. Très populaire, la “Limited Liability Company” (ci-après “LLC”), structure hybride entre la société et l’association, devrait alors immédiatement attirer son attention. Responsabilité limitée et…
Foreign investors in U.S. real estate as well as sellers of domestic real estate to foreign investors should be aware of changes in the FIRPTA (Foreign Investment Real Property Tax Act) brought on by a new amendment signed into law called PATH (Protecting Americans from Tax Hikes Act of 2015). On December 18, 2015, the…
Transatlantic Trade and Investment Partnership (TTIP) Between US and EU: The EU Proposal on Setting Up a Permanent International Investment Court The US is about to resume its negotiations with the EU on the ambitious trade and investment Agreement called “Transatlantic Trade and Investment Partnership”. Once in effect, the TTIP should significantly expand trade and…
Generally, US law makes it simple for foreign companies and individual investors to acquire US assets and invest in US companies. However, the President of the United States has the authority to block or unwind foreign acquisitions of sensitive US assets on the grounds of national security. Voluntary CFIUS National Security Reviews Parties to a…
With the maturation and slowdown of China’s economy, we have seen an influx of Chinese buyers on the hunt for foreign targets, especially here in the U.S. and Texas. As of Q4 2015, California and Texas lead the rest of the U.S. in direct Chinese acquisitions and investments, with Texas as the leader of transactions…
As we enter into the new year, McCullough Sudan is pleased to launch of its new blog: “Corporate Development Strategies” (www.corp-dev.com). This blog will examine the legal, business and tax aspects of corporate development including mergers, acquisitions, joint ventures, expanding into new foreign and domestic markets, and the development and commercialization of technologies. We will…
According to New York Times’s Dealbook, Johnson Controls has agreed to merge with Tyco to redomicile from the United States to Ireland and thereby reduce its global tax bill. Corporate inversions have been in the IRS’s cross-hairs for some time. Recently, in November 2015, Treasury announced new rules intended to make corporate inversions more difficult.…
