Worldwide Interest Apportionment and Sales Tax, published in Bloomberg Tax & Accounting2021-03-01T21:47:47+00:00
03.01.2021 // NEWS, Publications
Worldwide Interest Apportionment and Sales Tax, published in Bloomberg Tax & Accounting

In an article published on February 14, 2021, Ciaran Connelly is highlighted in a feature article regarding Bloomberg’s expert analysis on current issues in tax practice and policy. In the article, Connelly addresses the SEC’s enforcement action against Ripple, and he discusses the implications and liabilities surrounding digital currencies similar to bitcoin. The legal precedence is rapidly changing, and blockchain companies should be careful while the regulatory landscape evolves.

 

“The SEC’s enforcement action against Ripple and its principals illustrates the factors used to determine if a digital asset is a security,” writes Bloomberg. “Blockchain companies should tread carefully until the U.S. regulatory landscape for crypto tokens is reformed,” warns Connelly.

To read the article in full, click here.

 

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Ball Janik LLP was founded in 1982 with six lawyers and a four-person support staff in Portland, Oregon. Since our firm’s inception, we have expanded our capabilities, our professionals, and geographic footprint. What started as a firm focused in real property and land use (known then as Ball Janik & Novack), has grown to include the insights of a team of 30-plus attorneys, with a combined six centuries of experience, and capabilities including Real Estate and Land Use, Construction Defect, Commercial Litigation, Insurance Recovery, Construction and Design, Employment, Finance and Corporate, Public Agencies and Schools, and Community Associations. With offices in Florida and Oregon, our regional growth has earned us a national reputation for upholding the rights of our clients.

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Ciaran P. A. Connelly
Portland, Oregon