By Beverlee Silva
, Sarah Babcock
, Trudy Caraballo
In this era of economic globalization, American companies are increasingly looking to overseas markets for manufacturing and export opportunities.
By Michelle Henkel
In response to a claimed need to allocate IRS resources to significant issues and improve audit efficiency, the IRS issued Announcement 2010-9 in January 2010, setting forth a new initiative that would require certain business taxpayers to disclose uncertain tax positions (UTP) on a new schedule that would be filed with their federal income tax returns.
By Victoria Lockard
, Anna Sumner
The United States Supreme Court has issued its latest opinion addressing the excessiveness of punitive damages in the case of "Exxon Shipping Company v. Baker".
By Jack Cummings
, Sam Kaywood
LTR 200737019 involves a corporate inversion and what happens to "hook stock." The ruling did not use that term, but it is sometimes used to refer to the stock in the former subsidiary that the former parent retains when it becomes a subsidiary of its former subsidiary.