Tuesday, September 2, 2014

BNA INSIGHTS: Industry Effects of the President’s FY 2011 Business Tax Proposals

April 30, 2010 in Daily Tax Report · Leave a Comment 

The president’s fiscal year 2011 budget proposes $443 billion of tax increases on businesses over 2010-20, with a number of proposals aimed at increasing taxes on specific industries…

Foreign Accounting Tax Compliance Act’s 2013 Effective Date Due to Consideration of Foreign Law, JCT Staffer Says

April 30, 2010 in Daily Tax Report · Leave a Comment 

The application of foreign law was a consideration when drafting the Foreign Accounting Tax Compliance Act, which contains a reasonable period of time for compliance on the part of…

IRS, Treasury Working on Consolidated Groups Guidance Under Net Operating Loss Carryback

April 30, 2010 in Daily Tax Report · Leave a Comment 

The Internal Revenue Service and Treasury Department soon will issue guidance to address issues for consolidated groups raised by the recently enacted five-year net operating loss carryback…

BNA INSIGHTS: The Rise of False Patent Marking Suits

A recent Federal Circuit decision has exponentially raised the potential recoveries in false patent marking actions. Because anyone can bring this type of lawsuit, aggressive plaintiffs have…

BNA INSIGHTS: The Amazing Grace Period: An Analysis of the Proposed Grace Period Under the New Patent Reform Bill and Its Relationship to an International-Type Grace Period

U.S. patent law currently differs from the law of many other countries because of the combination of our grace period and our first-to-invent system. If, as proposed under the pending patent…

BNA INSIGHTS: All Sides Claim Victory in Tiffany v. eBay: Second Circuit Holds Sale of Faux Tiffany Goods Is Not Contributory Trademark Infringement

In a carefully crafted opinion, the Second Circuit held on April 1, that eBay Inc. did not engage in contributory trademark infringement where it had only “general knowledge” that…

Department of Justice Expands IP Enforcement Teams, Adding New U.S. Attorneys, FBI Agents

Acting Deputy Attorney General Gary G. Grindler announced April 26 the establishment of 15 new assistant U.S. attorney positions and 20 FBI special agent posts dedicated to combating domestic and…

IRS International Enforcement Extends to Many Cases Where No Tax Due, Practitioner Cautions

April 29, 2010 in Daily Tax Report · Leave a Comment 

Taxpayers should be aware that the Internal Revenue Service’s intense focus on international tax compliance applies in many cases where tax is not due, a Sullivan & Worcester practitioner said April 28…

FASB Orders Final Staff Drafting of Financial Instruments Proposal

April 29, 2010 in Daily Tax Report · Leave a Comment 

The Financial Accounting Standards Board directed its staff April 28 to proceed on final drafting of its closely watched proposal on financial instruments, as the panel aims for a mid-May release of the planned rules…

Lawmakers Ponder Senate Budget Resolution for Clues on Dividend Tax Rates

April 29, 2010 in Daily Tax Report · Leave a Comment 

The Senate Budget Committee-approved budget resolution does not make room for dividends tax rates to continue to be tied to capital gains rates after 2010, raising questions among some lawmakers about…

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