n 1987 Congress amended the tax law to provide that a personal service corporation (PSC) is not eligible for graduated corporate tax rates. Pursuant to IRC section 11(b)(2), PSCs pay tax at the flat ...

ection 1221 of the tax code broadly defines a capital asset. Over time the courts have attempted to narrow that definition and eliminate confusion. Recently a Third Circuit Court of Appeals ruling ...

While the U.S. focuses on sourcing critical minerals, China maintains overwhelming control of the refining and magnet production process. U.S. refining capacity and supply chain independence are still ...

China currently dominates global refining for critical minerals essential to modern economies — including lithium, cobalt, nickel, natural graphite, and rare earth elements — making it the primary ...