Tax Law and International Tax Law

The Obama administration submitted a budget proposal on Feb. 13 with trillions of dollars in proposed tax changes. The tax platform in the budget proposal is largely an amalgamation of provisions from earlier legislative initiatives and previous budgets, but it does include several significant new proposals affecting high-income individuals and multinational taxpayers.

On February 14, 2011, the Obama Administration Fiscal Year 2012 Budget and the Department of the Treasury "General Explanations of the Administration’s FY2012 Revenue Proposals" (the "Budget") were released.

The fiscal 2012 state budget proposed by Governor Malloy includes a provision to increase the resident user fee (provider tax) for nursing homes.

We present to you the Summer 2025 edition of the Asia Tax Bulletin. It contains tax developments in Asia on a host of topics, such as Hong Kong's and Japan's tax legislation...

On June 16, 2025, the Senate Finance Committee released its version of a tax bill, containing new proposed Section 899 of the Internal Revenue Code (which is similar to a provision approved in the earlier House tax bill).

Among the myriad provisions of the budget bill that passed the U.S. House of Representatives last month, one that has recently gained increased prominence in recent weeks is proposed Section 899, increasingly referred to as the "revenge tax."

The corporate landscape is riddled with uncertainties: fluctuating interest rates, unpredictable tariffs, tax reform and the application of the "book minimum tax" (BMT). In effect since 2023, this tax could blindside...

Generally, when a qualified retirement plan sponsor issues a retirement benefit to a plan participant or beneficiary, there is an obligation to withhold income tax on the payment...

The U.S. Department of the Treasury and IRS recently proposed rules that would modify the timing of so-called "hot asset" reporting.

The Louisiana Department of Revenue (LDR) recently issued Louisiana Revenue Information Bulletin No. 25-022, 08/08/2025, announcing changes to the sales tax exemption for certain purchases made by construction contractors.

From bigger homestead exemptions to a potential $250,000 personal property exemption, the 89th Legislative Session introduced major changes that could reshape planning for developers, real estate professionals, and small businesses across the state.

The 2025 Iowa legislature enacted Senate File 657 to revamp some of the state's biggest tax incentives to attract and retain businesses.