Electric vehicle tax credit rules create ‘chaos for consumers’; Eric Hill, automotive investment attorney at Rose Law Group, weighs in with shopping tip

By Lawrence Ulrich | The New York Times Designed to accelerate the shift to electric cars among other climate goals, the Inflation Reduction Act has in practice made buying such vehicles a lot more complicated. In August, the law ruled out the full tax credit of $7,500 for electric vehicles and plug-in hybrids assembled outside North America. That may make …

Shruti Gurudanti, Rose Law Group partner and director of corporate transactions, comments on the Silicon Valley Bank collapse

By Hanna Ziady | CNN London (CNN) — Silicon Valley Bank collapsed with astounding speed on Friday. Investors are now on edge about whether its demise could spark a broader banking meltdown. The US federal government has stepped in to guarantee customer deposits, but SVB’s downfall continues to reverberate across global financial markets. The government has also shut down Signature Bank, a regional bank that was teetering on the brink of collapse, and guaranteed its deposits. In a sign of how seriously officials are taking the SVB failure, …

Goldwater Institute accuses Phoenix of ‘property tax shell game’ in lawsuit over incentive deal; Jordan Rose, founder and president of Rose Law Group, says incentives are crucial tool for economic development

By Angela Gonzales | Phoenix Business Journal The Goldwater Institute sued the city of Phoenix this week, challenging the use of tax dollars to benefit the developer of a 26-story residential tower being built in downtown Phoenix. Hubbard Street Group and Cresset Real Estate Partners — both based in Chicago — are making their Phoenix debut with the development of this $87 million project …

[PODCAST] The Rose Report: Sports Betting

Arizona sports fans are cashing in on legalized sports betting for the first time. The state economy broke records with the highest ever sports betting debut. But not everyone is happy. Some homeowners say that legalized sports betting combined with big sporting events — like the NCAA Final Four, NBA playoffs and the upcoming NFL Super Bowl — end up attracting sports fans …

Rose Law Group Corporate Transactions Chair Shruti Gurudanti weighs in on new tax rule changes for payment apps like Venmo, PayPal

By Jeanne Sahadi | CNN Business If you’re among the millions of people who use payment apps like PayPal, Venmo, Square, and other third-party electronic payment networks, you could be affected by a tax reporting change that goes into effect in January. Payment app providers will have to start reporting to the IRS a user’s business transactions if, in aggregate, they total …

Why NFTs will become bigger than bitcoin; ‘sky’s the limit,’ says Rose Law Group Founder and President Jordan Rose who has been working with NFTs and digital assets

By Ryan Brown | CNBC “Shark Tank” investor Kevin O’Leary is a big believer in non-fungible tokens — he even thinks they have a shot at becoming bigger than bitcoin. O’Leary, the chairman of O’Shares Investment Advisers, said his belief in NFTs stems from the idea that can they prove ownership of real-world items, such as designer watches or flash cars, digitally …

Ethereum has a gas problem; Omar Abdallah, Rose Law Group attorney advising on Web 3.0 issues, explains

By Ashwin Rodrigues | Morning Brew In the world of cryptocurrency, and Web3 more broadly, imperfect metaphors abound. Ethereum is a “dark forest,” and the right-click button on a computer mouse is now a stand-in for an entire mindset. Add “gas” to the growing list. Gas fees don’t denote actual liquid fuel consumption or environmental impact, they’re more like a …

Jordan Rose, founder and president of Rose Law Group, comments on theft of gallery owner’s multimillion-dollar NFT collection

By Shanti Escalante-De Mattei | Art News “I have been hacked. All my apes gone. This just sold please help me,” wrote gallery owner Todd Kramer, of New York’s Ross + Kramer Gallery, in a since-deleted tweet posted on December 30. A phishing scam had drained his Ethereum wallet of 15 NFTs valued at a total of $2.2 million, including four apes from the “Bored …

Arizona aviation industry bringing in the big bucks

By Madelaine Braggs | Rose Law Group Reporter Arizona’s aviation industry, is proving to be a critical economic engine for the state, with an economic impact of over $121 billion. ADOT recently released the latest Aviation Study results with data from 2019, showing exactly how much revenue each airport brings to the table. TOP 10 Arizona Airports (By Earnings)  City Airport Name Jobs Earnings Phoenix Phoenix Sky Harbor International 303,699 $15,860,822,000 Tucson Tucson International …