Wednesday, August 27, 2014

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BNA INSIGHTS: Covered Asset Acquisition Proposal: Sanctioning International Double Taxation?

June 18, 2010 in Daily Tax Report · Leave a Comment 

Proposed legislation in the American Jobs and Closing Tax Loopholes Act of 2010 (H.R. 4213; hereinafter the “Bill”) would deny…

Carried Interest Tax Increase, S Corporation Curbs Softened in New Tax Extenders Proposal by Senate Finance Panel Chair Baucus

June 17, 2010 in Daily Tax Report · Leave a Comment 

Senate Finance Committee Chairman Max Baucus (D-Mont.) June 16 introduced a new substitute amendment (S. Amdt. 4369) to the tax extenders bill (H.R. 4213) that would…

House Passes Small Business Tax Cut, Defeats Attempt to Modify Health Law

June 16, 2010 in Daily Tax Report · Leave a Comment 

The House voted 247-170 on a largely partisan basis June 15 to pass a small business tax relief bill (H.R. 5486), whose offsets also will be used to pay for…

Senate Majority Leader Reid Seeks to Limit Debate, Pass Tax Extenders Legislation by Week’s End

June 15, 2010 in Daily Tax Report · Leave a Comment 

Senate Majority Leader Harry Reid (D-Nev.) filed a motion June 14 to invoke cloture on the tax extenders bill (H.R. 4213) in an effort to complete the…

IRS Unveils Major Guidance on Ownership Changes Under Section 382, Wins Praise

June 14, 2010 in Daily Tax Report · Leave a Comment 

The Internal Revenue Service June 11 unveiled major guidance on ownership changes under tax code Section 382 that practitioners said…

BNA INSIGHTS: President’s 2011 Budget Would Change the Landscape of U.S. Savings Policy

June 11, 2010 in Daily Tax Report · Leave a Comment 

Increasing savings and promoting retirement security are two long-standing goals of federal policy; an array of policies and programs exist to help households achieve those ends…

House Leaders Balk at Senate’s Proposed Changes to Tax Extenders Bill

June 10, 2010 in Daily Tax Report · Leave a Comment 

Key House Democrats expressed opposition June 9 to changes the Senate is considering for the tax extenders bill (H.R. 4213), including the decision to scale back the tax increase on…

Senate Finance Committee Amends House-Brokered Tax Extenders Bill to Soften Carried Interest Tax Increase

June 9, 2010 in Daily Tax Report · Leave a Comment 

The Senate began debate on an updated version of a tax extenders bill (H.R. 4213) June 8 that would scale back the tax increase on investment managers’ carried interest…

Top Dividends Tax Rate on Track to Jump to 68 Percent in 2011, Report Warns

June 8, 2010 in Daily Tax Report · Leave a Comment 

The top tax rate on dividends will rise to 68 percent in 2011 when combined with the effects of the expiration of the 2001 and 2003 tax cuts, the new health care surtax, and the…

Permanent Establishment Can Be Created Through Agency Relationship, IRS Official Says

June 7, 2010 in Daily Tax Report · Leave a Comment 

The activities of companies that send agents into other countries to do business can create a permanent establishment for tax purposes even if the presence of agents does not…

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