EPA Withdraws Direct Final Rule That Made Technical Changes in Reporting Requirements

The Environmental Protection Agency April 29 withdrew a direct final rule making technical changes to greenhouse gas emissions reporting requirements (75 Fed. Reg. 22,699)…

Latest Energy Star Standard Requiring Greater Television Efficiency Goes into Effect

A new energy efficiency level for televisions sporting the Energy Star label went into effect May 1, meaning that to earn the label, televisions must be 40 percent more efficient than conventional models…

Opponents of California’s Climate Law Claim Sufficient Signatures to Force Vote

The coalition behind a proposed ballot initiative seeking to block California’s climate change law, A.B. 32, said May 3 it has collected the signatures of more than 800,000 registered voters, nearly…

EPA Seeks to Require Four More Sectors to Report Their Greenhouse Gas Emissions

Facilities in four industrial sectors would be required to report greenhouse gas emissions under a draft final rule that the Environmental Protection Agency sent April 30 to the White House Office of Management and Budget for interagency…

BNA INSIGHTS: Crafting Corporate Social Media Policies: Striking the Right Balance Between Marketing Boon and Company Liability

Companies have grown savvy over the last years to the possible threats of employee internet communications, and employee computer use policies governing e-mail, web browsing, and other activities are commonplace…

Guidance on Definitions, Scope, Carveouts Initial Focus under New Foreign Account Tax Compliance Act, IRS Official Says

Guidance on broad new requirements that foreign financial institutions report accounts with U.S.-owned assets to U.S. tax authorities is likely to focus first on carveouts and…

National Association for Business Economics Sets up Transfer Pricing Roundtable; Initial Teleconference Scheduled for June 24

The National Association for Business Economics has established the NABE Transfer Pricing Roundtable networking group to provide…

Recent IRS Moves on Uncertain Tax Positions, Foreign Bank Reporting Seen Having Transfer Pricing Implications

Recent actions by the Internal Revenue Service on uncertain tax positions and by Congress on reporting and disclosure requirements for foreign banks have implications for transfer pricing, KPMG LLP practitioners…

Bank Regulators Release Guidance on Risks Posed by Correspondent Bank Relationships

Federal financial regulators April 30 released interagency guidance on risks posed by correspondent relationships…

FDIC Chair Bair Urges Changes to Derivatives Language as Senate Moves to Debate, Amend Dodd Bill

Federal Deposit Insurance Corporation Chairman Sheila Bair May 3 urged the Senate to remove language from financial regulatory reform legislation (S. 3217) that would force banks and bank holding…

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