Case Comments | Suffolk Law Review

Securities Law—Eighth Circuit Rejects Knowledge Requirement in Assessing Civil Liability for Corporate Executives Who Deceive Auditors—SEC v. Das, 723 F.3d 943 (8th Cir. 2013)

Jun 1, 2014 | Archives, Case Comments, Number 3, Print Edition, Volume 47

When the United States Congress passed the Foreign Corrupt Practices Act (FCPA) in 1977, its chief concern was deterring off-the-books bribes of foreign officials by domestic corporations. The FCPA authorized the Securities and Exchange Commission (SEC) to issue new...

Tax Law—U.K. Windfall Tax Constitutes U.S. Income Tax Under I.R.C. § 901(b)(1)—PPL Corp. v. Commissioner, 133 S. Ct. 1897 (2013)

Jun 1, 2014 | Archives, Case Comments, Number 3, Print Edition, Volume 47

The U.S. tax code allows citizens and domestic corporations to credit foreign taxes paid against U.S. taxes owed. A foreign tax paid by a U.S. citizen or a domestic corporation may be creditable against domestic taxes when such tax is considered a levy on income....