EB-5 VISA APPLICANTS NEED CAREFUL TAX PLANNING

The successful EB-5 visa program, created by the Immigration Act in 1990, has the potential to be a win win-win for investors, for US workers and for the US economy.  But foreign nationals looking to invest at least $500,000 in order to qualify for an accelerated  green card need to be prudent, says Alex Wang, partner in Marks Paneth’s Tax Group, in a new article published in The Metropolitan Corporate Counsel 

“Participation in the program comes with a price – having to manage a complex set of tax issues,” Alex states in the article.  And if these issues are not handled properly, the result could be disproportionate tax obligations and possibly compliance issues. 
Read Alex’s article to learn more.

 


How’s Mayor de Blasio treating the commercial property industry in New York City?  Not well, say real estate executives.  More than two-thirds think he’s only doing a “fair” or “poor” job and fewer than one in five (17%) think he’s done either an “excellent” or “good” job at supporting commercial property owners’ interests.  But most (72%) are optimistic that the de Blasio administration’s negotiations with developers have a good chance of re-establishing Midtown East as one of the city’s most vibrant commercial areas, according to the findings from the latest Gotham Commercial Real Estate Monitor, a survey from Marks Paneth of commercial real estate professionals in New York.

Read the Fall 2014 Gotham Commercial Real Estate Monitor results.

CONSULTING FIRM SPECIALIZING IN INTERNATIONAL TRADE LITIGATION JOINS MARKS PANETH LLP

ITR LLC Becomes Part of Marks Paneth’s Litigation Services Group and Extends Firm’s Footprint to Washington, DC

Marks Paneth LLP is pleased to announce that ITR LLC, a highly regarded Washington, DC, consulting firm specializing in international trade litigation, has joined the firm, effective October 1.  ITR, which has FY 2014 revenues of approximately $5 million, has 12 staff including partners and principals.  ITR’s overall big-data mining, big-data analysis and other forensic capabilities, as well as its track record providing expert analysis and technical skills to assist clients as disparate as the European Commission, the Ministry of Commerce for the People’s Republic of China and the Departamenta de Defesa Comercial in Brazil, will expand the services offered to our Litigation clients.

Marks Paneth Press Release