Daily Tax Report

23 hours ago | news.bloombergtax.com | Giulia Morpurgo

’s agreed to defer interest payments amid broader debt negotiations with its creditors, according to a company statement. The Italian manufacturer of motorcycle jackets and protective gear for mountain biking and skiing will postpone the coupon payment scheduled for June 30 on its €285 million ($334 million) private bonds, Dainese said on Friday. and funded Carlyle’s acquisition of the company in 2022 with the notes, as previously reported by Bloomberg.

1 day ago | news.bloombergtax.com | Giulia Morpurgo |Priscila Azevedo Rocha

UK utility is running out of time to strike a deal with creditors over a critical equity injection from owner that would save it from a ratings downgrade. While negotiations and the parties are aligned on key terms of an agreement, sticking points remain, according to people familiar with the matter. Crucially, some debt holders want more clarity from Macquarie on how, when and under what conditions the money will come in, the people said, asking not to be identified discussing confidential talks.

1 day ago | news.bloombergtax.com | Michael Kapoor

The Dutch accounting regulator said Friday that it is taking steps to prevent future exam cheating scandals similar to those that have now embroiled all of the Big Four’s Netherlands affiliates. The Dutch Authority for the Financial Markets has required the Netherlands branches of , , and to do internal investigations into the root causes of a scandal that involved hundreds of staff, including partners, cheating on internal exams over the five years from 2018 to 2022.

1 day ago | news.bloombergtax.com | Eric Heisig

The Michigan Supreme Court said it wouldn’t again review a years-old case against two right-wing operatives behind robocalls to Black Detroiters urging them not to vote by mail in the 2020 presidential election. The 6-1 order leaves in place a Michigan Court of Appeals ruling from last December, which said the actions of Jacob Wohl and Jack Burkman could constitute the crime of voter intimidation, even after the state’s high court curbed ways that prosecutors could use the law at issue.

1 day ago | news.bloombergtax.com | Roy Strom

A federal judge on Thursday granted WilmerHale’s request to expand his order nullifying a presidential directive targeting the firm to explicitly cover the entire US government. The amended order ends a back-and-forth between the law firm and the government over what federal agencies were impacted by the May 27 order that ruled Donald Trump’s executive order, which had revoked federal security clearances for its lawyers, was unconstitutional.