Delaware Court Finds It Has Jurisdiction over Singapore-based Manager of Delaware LLCs

The Delaware Chancery Court determined Feb. 26 that it has personal jurisdiction over a Singapore -based manager of Delaware limited liability companies under Section…

Madoff Investors Sue Securities Investor Protection Corp.

Investors who held brokerage accounts at Bernard L. Madoff Investment Securities LLC, and who have been denied relief by the trustee assessing claims in the case, Feb. 24 sued to…

Business Organizations Urge Congress to Reject Obama International Tax Proposals

More than 280 businesses and trade associations organized as the Promote America’s Competitive Edge Coalition urged Congress to reject international tax proposals in…

IRS Completed 63 Advance Pricing Agreements, Received 127 Requests in 2009

The Internal Revenue Service completed 63 advance pricing agreements and received 127 APA applications during the 2009 calendar year, APA Program…

IRS Strongly Disagrees with Tax Court Ruling in Container Corp. Foreign Income Case, Weighs Next Steps

The Internal Revenue Service strongly disagrees with the U.S. Tax Court’s recent ruling in Container Corp. v. Commissioner that guaranty fees paid by a U.S. subsidiary to…

ANALYSIS: Next Steps for Recipients of Qualifying Advanced Energy Project Credit Allocation

Katherine Breaks, John Gimigliano, and Deborah Karet of KPMG LLP’s Washington National Tax practice discuss the $2.3 billion in qualifying advanced energy project tax credit allocations for…

EPA Says Energy Costs, Economic Lag Led to Decline in Carbon Emissions for 2008

Greenhouse gas emissions decreased by 2.9 percent in 2008 compared to the previous year, but are 13.6 percent higher than 1990 levels, the Environmental Protection Agency said March…

Office of Management and Budget Completes Review of Proposals for Greenhouse Gas Emissions Reporting in Three Sectors

The White House Office of Management and Budget has completed review of draft proposed rules that would apply greenhouse gas reporting requirements to three industrial sectors or…

Senators Concerned over Regulatory Barriers to Offshore, Onshore Renewable Energy

Senators vented their concerns March 9 about federal bureaucratic roadblocks to renewable energy as they examined the fiscal year 2011 budget request for the Interior…