Leaders of Three West Coast States, British Columbia Agree to Cooperate on Initiatives for Climate Change, Clean Energy

Leaders of three Western states and the premier of British Columbia on Feb. 12 signed on to a series of actions aimed at combating climate change, fostering clean energy development, and…

Obama Administration Requests More Funding for NOAA Research on Climate Change

The Obama administration is proposing a fiscal year 2011 budget of $5.55 billion for the National Oceanic and Atmospheric Administration, an increase of about $800 million from the…

More Lawsuits Filed over EPA Finding That Greenhouse Gas Emissions Endanger Health

As the period closed for challenging the Environmental Protection Agency finding that greenhouse gas emissions endanger public health and welfare, more lawsuits were filed Feb. 16 in…

Senate Democrats Remove Clean Energy Provisions from Job Creation Bill, for Now

Senate leadership excluded clean energy provisions from Senate jobs legislation because of concerns that the measures lacked…

Guaranty Fee Payments by U.S. Subsidiary to Mexican Corporation Analogous to Payments for Service, Tax Court Says

The U.S. Tax Court ruled in a Feb. 17 opinion that guaranty fees paid by a U.S. subsidiary to a Mexican corporation are analogous to payments for a service and are not…

Senators Wyden, Gregg Preparing to Introduce Comprehensive Tax Reform Legislation

Sen. Ron Wyden (D-Ore.), a member of the Senate Finance Committee, and Sen. Judd Gregg (R-N.H.) will introduce a comprehensive…

Tech, Drug Companies Face More Taxes if Obama’s Proposed Income Shifting Limits Adopted

President Obama’s budget proposal to tax “excess returns” associated with transfers of intangible assets to offshore affiliates is likely to result in larger tax bills for the high-tech and…

ANALYSIS: The Wells Fargo Case and Economic Substance: Revisiting the Blueprint for Taxpayer Success

Nancy Bowen of Fulbright & Jaworski LLP follows up on an earlier Viewpoint article she co-authored that analyzed two recent taxpayer victories on economic substance: Consolidated Edison Co. v. United States and…