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Focus on Regulation

Tag Archives: Taxes

New Treasury Notice Squeezes the Juice From Some Corporate Inversions – How Are You Impacted by the New Rules?

In response to a record number of pending “inversion” transactions and the perceived potential loss of tax revenue, the U.S. Treasury Department, on September 22, 2014, issued Notice 2014-52, announcing and detailing to-be-issued regulations intended to (i) make it more difficult to accomplish an inversion, and (ii) reduce the perceived tax advantages of doing so with respect to the untaxed earnings of foreign subsidiaries.

Update on “Fiscal Cliff” Talks

President Obama and congressional Republican leaders continue to negotiate in an effort to pass legislation by year-end that would defer the “fiscal cliff” of higher tax rates and spending cuts scheduled to occur beginning January 1, 2013. To date, these negotiations have produced little if any progress.  President Barack Obama remains insistent that any deal

Update on “Fiscal Cliff” Negotiations

Congressional leaders and the White House are currently working to come up with solutions to the fiscal train wreck set to take place at the end of this year.  Democrats and Republicans are looking at options to develop a “grand bargain” — including raising taxes and cutting spending.   If the “grand bargain” fails once again

Congress Takes First Steps Toward Tax Reform

U.S. businesses and foreign multinationals with U.S. tax obligations should be on alert that the elements of a major U.S. tax reform legislative package are already being developed within the U.S. Congress, the Obama Administration, and in interest groups and think tanks in Washington. The final make-up of this tax reform package — to be

U.S. tax reform: elements of reform already being developed by Congress

U.S. businesses and foreign multinationals with U.S. tax obligations should be on alert that the elements of a major U.S. tax reform legislative package are already in development within the U.S. Congress, the Obama Administration, and in interest groups and think tanks in Washington. The make-up of this tax reform package – to be debated