Senate Passes U.S.$871 Billion Health Care Bill With New Taxes On Insurers, Families, Firms

The Senate Dec. 24 passed, 60-39, an $871 billion health care overhaul bill that would expand health care coverage to 94 percent of Americans in exchange for an array of…

IRS Extends Tax Relief For Controlled Foreign Corporations’ Loans To U.S. Operations

The Internal Revenue Service Dec. 28 extended, until the end of 2010, relief giving controlled foreign corporations a longer window to lend money to their U.S. operations tax-free under tax code Section 956…