
Melanie Cohen
Editor at Bloomberg Tax
Editor at @tax, proud steward at @GuildatBIG. Formerly @ICI, @WSJBankruptcy. Fan of: running, yoga, coffee, cocktails, K-dramas. Can I pet your dog?
Articles
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1 week ago |
news.bloombergtax.com | Melanie Cohen
The biggest thing that lawyers do not understand is that no one wants to hire them. People like buying new cars, swimming in the Pacific Ocean, or hiking the Sierra Nevadas. But no one wakes up in the morning excited to call a lawyer—it’s an expense, a burden, and it induces anxiety. What people do want, however, is to solve a problem. They want their problems to end. They want to resolve disputes and to end the chaos in their lives. If they could solve that without a lawyer, they would.
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1 week ago |
news.bloomberglaw.com | Melanie Cohen
Republicans’ plan to quadruple the federal government’s state and local tax deduction cap to $40,000 could lessen the federal tax benefits in states that have adopted passthrough entity taxes. This in turn may prompt state lawmakers, who adopted PTET regimes to circumvent the existing $10,000 cap, to reevaluate their effectiveness and future viability.
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1 week ago |
news.bloomberglaw.com | Melanie Cohen
Not all intangible assets are equal, and their economic values change based on industry. This is why there needs to be better disclosures of when intangibles such as intellectual property and brand reputation are acquired in research and development—and more detailed disclosures on associated risks. The issue has prompted the Financial Accounting Standard Board to invite comment through May 30 as it decides whether to add a project on intangibles to its technical agenda.
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1 week ago |
news.bloombergtax.com | Melanie Cohen
President Donald Trump has made dismantling diversity, equity, and inclusion programs central to his political comeback, claiming they’re discriminatory and erode meritocracy. But his attacks ignore both the historical and ongoing reality of discrimination in the US workplace—especially for Black workers—and the broad public support for racial justice. Contrary to conservative talking points, DEI and racial equity programs aren’t fringe causes; they’re mainstream.
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1 week ago |
news.bloombergtax.com | Melanie Cohen
President Donald Trump’s recent memorandum directing executive branch agencies to repeal “unlawful regulations” by using the Administrative Procedure Act’s “good cause” exception likely will cause more legal trouble than the exception is worth. The exception permits agencies to forgo the notice-and-comment procedures required by the APA to repeal regulations.
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RT @tax: Opinion: Cybersecurity attorney Jean-Marc Appolon says a deal for US Immigration and Customs Enforcement to share immigrants' data…

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