1

Globalization has diminished the barriers encountered by multinational businesses.

2

On December 15, 2017, the members of the US Congress responsible for reconciling the tax reform packages passed by the US House of Representatives and the US Senate filed their conference report.

3

On November 2, Kevin Brady (R-TX), Chairman of the US House of Representatives' Ways and Means Committee, released the Tax Cuts and Jobs Act, a comprehensive tax reform proposal...

4

On September 27, 2017, the Trump administration and Republican leaders in Congress released their "Unified Framework for Fixing our Broken Tax Code."

5

Voting has begun in the 2016 US presidential election, but the major party candidates continue to add details to their respective tax proposals, and experts have kept up by refining their analyses of the plans.

6

The PATH Act is the culmination of the year-long effort to address a package of expired tax provisions.

7

President Obama is expected to sign bill extending tax provisions that expired at end of 2013.

8

Continuing its implementation of the Foreign Account Tax Compliance Act, the US Treasury Department recently released a package of proposed and temporary regulations.

9

On December 30, 2013, the US Treasury Department (the "IRS") published a package of proposed, temporary, and final regulations relating to Passive Foreign Investment Companies ("PFICs") and their shareholders.

10

Dozens of tax provisions will expire, leaving affected individuals and companies wondering about timing and likelihood of extension.

11

On December 31, 2012, a host of tax and spending provisions were scheduled to expire. On January 2, 2013, substantial cuts to defense programs and to domestic discretionary spending also were scheduled to commence.

12

In today's economic environment, it is no secret that many states face significant budget shortfalls. In response to these circumstances, certain state treasury departments have begun to propose new income tax assessments based on transfer pricing studies that they have "outsourced" to third-party audit firms, often on contingent-fee terms.

13

On Monday, February 13, 2011, US President Barack Obama released the Administration's proposed budget for the October 1, 2011 - September 30, 2012 fiscal year (the "President's FY 2013 Budget").

14

On December 23, 2012, both the US House of Representatives and the US Senate approved H.R. 3765, the "Temporary Payroll Tax Cut Continuation Act of 2011."

15

On November 3, 2011, the US Treasury Department published new proposed regulations that would modify the current US tax rules that apply to US investments by foreign governments, sovereign wealth funds, and other foreign government-controlled investment entities.

16

Usually, when the Chairman of the Ways and Means Committee of the US House of Representatives releases a legislative proposal, one expects immediate legislative action on that proposal.

17

On July 13, 2011, the IRS and Treasury Department issued final regulations that limit a U.S. person’s ability to take a foreign tax credit when a "structured passive investment arrangement" is involved.

18

On March 18, 2010, President Obama signed the Hiring Incentives to Restore Employment Act of 2010. That Act imposed new reporting and withholding tax obligations on direct and indirect payments made by U.S. persons to foreign persons.