Last week, the Internal Revenue Service released the long-awaited final regulations governing the deductibility of fines and similar penalties paid to governmental entities (and certain nongovernmental regulatory entities) under tax code Section 162(f). The regulations also address the corresponding information reporting requirements imposed on governmental entities pursuant to Section 6050X.

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Hersh Verma
Hersh Verma
Senior Associate
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hersh.verma@nortonrosefulbright.com
T: +1 713 651 5186

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A doctor in a whitecoat holding a tablet in a hospital hallway

Publication

An update on Alberta’s Bill 26: Health Statutes Amendment Act

Alberta’s Bill 26 seeks to continue the government’s restructuring of healthcare in Alberta and introduces prohibitions on the treatment of minors for gender dysphoria.

Canada | December 18, 2024

Healthcare

Publication

No whistleblower protections for employee’s false allegations against employer

A recent arbitral decision reminds employers that an employee’s baseless allegations of misconduct are not protected as “whistleblower” activity and do not need to be tolerated.

Canada | December 18, 2024

Employment and labor
construction

Publication

Ontario updates ODACC construction adjudication rules

The rules governing Ontario’s statutory adjudication process for construction disputes are changing.

Canada | December 18, 2024

Litigation and disputes
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