Economic Substance Changes Would Have Biggest Impact on Firms in Three Circuits

Taxpayers operating in the regions covered by the Courts of Appeal of the Second, Fourth, and Eighth Circuits will be most affected by the health care law’s changes to the way the economic substance doctrine is applied to…

Administration Continues to Back Stand-Alone Use of International Tax Provisions, Senior Treasury Official Says

The administration continues to support the use of international tax proposals from its fiscal year 2011 budget as stand-alone provisions should Congress be inclined to do so, a senior Treasury…

Solving Deficit Without Undue Burdens on Middle Class Key Priority, Obama Says

It is important to solve the federal deficit without unduly burdening middle-class families, President Obama said in…

BNA INSIGHTS: Tax-Based Leasing, Tax Credits, and Economic Substance

Leasing has traditionally been a way for developers and other users of equipment to indirectly access tax credits and other government incentives for capital investment (such as accelerated depreciation) when…

California Agencies to Provide $40 Million in Loan Guarantees for Clean Energy Projects

The California Energy Commission and the State Treasurer’s Office signed an agreement April 20 to advance the development of alternative fuels and vehicles and create clean energy jobs through loan guarantees…

EPA Sends Final Version of Greenhouse Gas Tailoring Rule for Review by White House, Agencies

The Environmental Protection Agency April 20 sent a final version of the greenhouse gas tailoring rule to the White House Office of Management and Budget for interagency review. The tailoring rule would…

Department of Energy to Award $452 Million to Fund 25 Large-Scale Energy Efficiency Projects

The Department of Energy is awarding $452 million in stimulus funding for programs that aim to increase building energy efficiency on a scale that includes…