Washington Legislature Adopts Measure Aligning State Greenhouse Gas Emissions Reporting Requirements with EPA Rules

The Washington Legislature March 8 adopted a bill (SSB 6373) that would align the state’s greenhouse gas emissions reporting requirements with the Environmental Protection Agency’s reporting…

California Opens New Credit Market to Help Utilities Meet Renewable Energy Standard

The California Public Utilities Commission March 11 created a credit market to make it easier for electricity generators and sellers to comply with the state’s ambitious renewable energy…

Senator Murkowski Delays Vote on Resolution to Block EPA from Regulating Greenhouse Gas Emissions

Sen. Lisa Murkowski (R-Alaska) will not bring her resolution to block the Environmental Protection Agency from regulating greenhouse gas emissions to the Senate floor before…

Government Cannot Impose 40 Percent Penalty for Participation in Son of BOSS Tax Shelter, Texas Judge Rules

A magistrate judge for the U.S. District Court for the Eastern District of Texas March 9 found that the government cannot impose a 40 percent penalty for…

ANALYSIS: Accounting Practitioners Support SEC Position on IFRS, But Worry About 2011 Deadline

Financial statement preparers, auditors, and users are pleased with the SEC’s decision to continue striving for adoption of international financial reporting standards, but…

U.S.-U.K. Treaty Does Not Exempt U.K. Foundation from U.S.-Source Dividends Tax

The Internal Revenue Service Office of Chief Counsel, in a chief counsel advice memorandum released March 12, said the U.S.-U.K. income tax treaty does not exempt a U.K.-based private foundation from…

ID Theft Prevention Firm LifeLock Agrees to Corrective Measures, $12 Million Fine with FTC

In order to end Federal Trade Commission enforcement action, identity theft prevention firm LifeLock Inc. agreed to take more stringent measures to safeguard…

ANALYSIS: Payment Card Industry Data Security Standard Trends 2010: Report on Qualified Security Assessor Insights, by Ponemon Institute

Ponemon Institute report on PCI DSS compliance focuses on the insights of certified auditors tasked with validating compliance at the largest merchants and service providers…

Supreme Court to Consider Background Checks Challenged by NASA Contract Employees

The U.S. Supreme Court March 8 agreed to consider whether the National Aeronautics and Space Administration violates the constitutional right to…

Bill to Prohibit Risky Trading at Federally Insured Banks Introduced in Senate

In an effort to revive the Obama administration’s controversial “Volcker rule,” five Democratic senators March 10 introduced a bill to stop certain financial…

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