Saturday, May 23, 2015

Obama Victory Resurrects Climate Issue, but Carbon Tax Likely to Face Uphill Battle

November 12, 2012 in World Climate Change Report · Leave a Comment 

President Obama’s re-election and unexpected gains by Democrats in the Senate have environmental groups gearing up on several fronts to push for more U.S. action on climate change, including a possible resurrection of a proposal to tax the carbon content of fuel…

BNA INSIGHTS: The Perilous Sanctions Regime: Understanding ING Bank’s $619 Million Settlement with the Office of Foreign Assets Control

November 6, 2012 in Banking Report · Leave a Comment 

ING Bank had agreed to pay $619 million to resolve its civil and criminal liability in connection with conduct that potentially violated a host of sanctions regulations promulgated pursuant to the Trading with the Enemy Act and the International Emergency Economic Powers Act as well as New York state laws…

IRS Coordinates Due Diligence Timelines for Requirements Related to Foreign Account Tax Compliance Act

November 6, 2012 in Banking Report · Leave a Comment 

The IRS announced Oct. 24 it would significantly reduce the administrative burden of completing due diligence requirements for U.S. withholding agents and foreign financial institutions under the FATCA, by aligning the time frames placed on withholding agents to identify the U.S. accounts to be reported to IRS…