EPA Work Group Makes Initial Recommendations on Greenhouse Gas Emissions Controls

A stakeholder group formed by the Environmental Protection Agency presented initial recommendations Feb. 2 on how to…

Obama Says Senate May Have to Drop Cap-and-Trade, Focus on Energy Measures

Senate Democrats may have to consider taking up energy provisions separately from legislation to put mandatory caps on greenhouse gas emissions, President Obama said…

Hedge Funds Allege Porsche Engaged in Fraud to Take Control of Volkswagen

Several hedge funds Jan. 25 complained to the U.S. District Court for the Southern District of New York that Porsche Automobil…

SEC Examining Over 50 U.S., U.K. Firms over Management of CDOs, Other Structured Products

The Securities and Exchange Commission currently is conducting an examination sweep of more than 50 registrants…

New York Continues Arrests of Non-Filers of State Tax Returns

The New York State Department of Taxation and Finance Feb. 2 announced that 18 individuals across the state were arrested on…

Uncertain Tax Position Reporting Plan Seen Changing Disclosure Landscape

The Internal Revenue Service’s proposal to require taxpayers to report all their uncertain tax positions and associated dollar amounts…

ANALYSIS: New IRS Audit Guidelines Target Equity Swaps with Non-U.S. Counterparties

For more than 20 years, applicable Treasury regulations have provided that income from an equity swap, including dividend equivalent…