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Pelosi Urges Permanent US Middle Class Tax Cuts 5/27/2012 The Democrat Party Leader in the United States House of Representatives, Nancy
Pelosi, has called on its Republican Speaker John Boehner to bring a permanent extension of the Bush individual income
tax cuts for those on middle incomes to the House floor immediately.
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Kirk Looks At Future Of US-EU Trade Relations 5/25/2012 After, earlier this month, the European Commissioner for Trade Karel De Gucht
had foreseen the possibility of a comprehensive free trade agreement between
the United States and the European Union in 2014, the US Trade Representative
Ron Kirk provided his view on US-EU trade policy during a recent speech in
London.
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IRS Plugs Small Businesses Tax Credits 5/25/2012 The United States Internal Revenue Service is encouraging small business
owners to check out two tax credits and a special relief programme that could
provide them with significant tax benefits during 2012.
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CBO Warns Of Recession Risks Of US 'Fiscal Cliff' 5/25/2012 The Congressional Budget Office has illustrated the difficult choices that
United States political leaders face in formulating the right fiscal policies
to counteract what has been called the largest tax increase in history, set to
take place on January 1, 2013.
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US Treasury Describes Its Anti-Money Laundering Options 5/25/2012 A fact sheet issued by the United States Treasury Department has explained how
Section 311 of the USA PATRIOT Act of 2001 provides the Treasury Secretary a range
of options that can be adapted to target specific money laundering and terrorist
financing risks.
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Accountants Urge IRS To Simplify Foreign Pension Reporting 5/24/2012 The New York State Society of Certified Public Accountants is calling on the US Internal Revenue Service to provide a simplified method of electing deferral of US taxation on Canadian pension plans, and is requesting additional guidance on the taxation of foreign retirement and pension plans due to consumer confusion over the filing procedures required by such programs.
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DIFC Promotes Advantages In US 5/24/2012 The Dubai International Financial Centre has concluded a road show to the United States, which, it is hoped, will lead to more US companies establishing a presence in the no-tax free zone.
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Boehner Backs Anti-Saverin 'Ex-PATRIOT' Bill 5/23/2012 In a television interview, the Speaker of the US House of Representatives John Boehner has surprisingly come out in favour of the bill introduced in
the Senate which is aimed against those who renounce their United States citizenship
to avoid paying taxes.
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Few US Small Businesses Claim Health Insurance Tax Credit 5/23/2012 The United States Government Accountability Office has released a study showing
that very few small businesses are taking advantage of the Small Employer Health
Insurance Tax Credit, which was included in President Barack Obama’s health
care legislation.
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IRS Further Expands Its 'Fresh Start' Initiative 5/23/2012 The United States Internal Revenue Service has announced another expansion
of its 'Fresh Start' initiative by offering more flexible terms under its
Offer in Compromise programme.
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GOP Pressurizes Democrats Over 'Fiscal Cliff' 5/22/2012 In a letter to the United States Senate Majority Leader, Harry Reid, 41 Republican Senators, led by Ranking Member of the Finance Committee
Orrin Hatch, and Republican Leader Mitch McConnell have
urged him to take immediate action to stop the largest tax increase in history,
set to take place on January 1, 2013.
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TPP Negotiations Make 'Better-Than-Expected' Progress 5/22/2012 The Office of the United States Trade Representative has confirmed that
the twelfth round of negotiations, held recently outside Dallas, Texas, on the
proposed extension to the Trans-Pacific Partnership, between Australia,
Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the US and Vietnam, made
better-than-expected progress.
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US Imposes Anti-Dumping Duties On Chinese Solar Cells 5/22/2012 Despite concerns that its decision may raise prices and harm the United States
alternative energy sector, the Department of Commerce has announced
a preliminary determination to impose antidumping duties on imports of crystalline
silicon photovoltaic cells, whether or not assembled into solar cells, from China.
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IRS Told To Improve FATCA Plans 5/21/2012 The United States Government Accountability Office has disclosed that, as
the implementation of the Foreign Account Tax Compliance Act should provide
the Internal Revenue Service with a substantial amount of new information,
Congress has asked for a review of how it plans to manage that information.
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Congress Studies IRS's Treatment Of Charities 5/21/2012 The Oversight Subcommittee of the House of Representatives Ways and Means
Committee has held a hearing on current issues related to United States tax-exempt
organizations, including the compliance initiatives of the Internal Revenue Service related, in particular, to recent efforts for tax-exempt organizations to
design and implement good governance standards.
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House Passes State Tax Simplification Bill 5/18/2012 The United States House of Representatives has passed, on a bipartisan basis with
a voice vote, a bill which would simplify tax reporting requirements for those
workers who are employed in multiple state jurisdictions.
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Boehner Warns Of Looming 'Fiscal Cliff' 5/18/2012 With the prospect of a further stand-off between the Democrat and Republican parties
later this year over the United States government statutory debt limit, House
of Representatives Speaker John Boehner has returned to his mantra
of spending cuts with no tax increases.
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US Senate Mulls Tax Reform For Tribes And Territories 5/18/2012 At a recent Senate hearing on the effect of possible tax reforms on Native Americans
and the United States territories - Puerto Rico, the US Virgin Islands, Guam,
American Samoa and the Northern Mariana Islands - Finance Committee Chairman Max Baucus pointed to the anomalies and complexities existing
in their current tax treatment.
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IRS Non-Resident Reporting Rule Questioned Again 5/16/2012 The Treasury Department’s failure to provide sufficient answers about Internal
Revenue Service regulations requiring United States banks to disclose interest
paid to non-resident aliens has prompted the House of Representatives’ Ways
and Means Oversight Subcommittee Chairman Charles Boustany to
request additional information.
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De Gucht Sees EU-US Trade Treaty In 2014 5/15/2012 In a speech on the future of transatlantic trade, to the recent AmCham Germany
Annual Membership Meeting in Hamburg, the European Commissioner for Trade Karel
De Gucht foresaw the possibility of a comprehensive free trade agreement between the United States and the European Union in 2014.
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Democrats Introduce In-Sourcing Bill Into US Congress 5/15/2012 Democrats in the Senate and House of Representatives have introduced into the
United States Congress the main tax measure out of President Barack Obama’s
recently-announced “To Do List”, to provide a tax credit for companies
over the cost of moving operations back to the country.
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Hong Kong Concerned At Operation Of US Volcker Rule 5/14/2012 Following is a question in the Legislative Council, the Secretary for Financial
Services and the Treasury, Professor K C Chan, confirmed that Hong Kong shares
the concerns raised by other financial markets, such as Canada, France, Germany,
Japan and the United Kingdom, over the extra-territorial reach and the implementation
of the United States’ Volcker Rule restrictions.
|
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Funds In Line For French Tax Refunds 5/14/2012 France is facing tax refund claims of EUR4bn (USD5bn) from savers and institutional investors after the European Court of Justice ruled in favour of investments funds from Belgium, Germany, Spain and the United States in a tax case - a ruling which could have ramifications for other European Union member states.
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IRS Whistleblower Programme Still Needs Improvement 5/14/2012 The whistleblower programme operated by the United States Internal Revenue Service has still not fully and adequately addressed internal problems that were
identified several years ago, according to a report issued by the Treasury Inspector
General for Tax Administration.
|
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USTR Urges Extension Of AGOA's Textile Provision 5/11/2012 The United States Trade Representative has confirmed that the Administration
is committed to boosting trade with African nations through the African Growth
and Opportunity Act and, in that respect, renewal of its Third-Country
Fabric provision is seen as crucial.
|
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Hearing Focusses On US Consumer Internet Privacy 5/10/2012 The Federal Trade Commission and the Department of Commerce have used their
testimonies before a hearing of the United States Senate Committee on Commerce,
Science and Transportation to describe the Administration’s efforts to protect
consumer privacy over the internet.
|
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Obama Presents Tax 'To Do List' To Congress 5/10/2012 President Barack Obama has used remarks at the State University of New York in
Albany to present a ‘To Do List’ of tax measures that, in his opinion,
the United States Congress should pass to increase employment and economic growth.
|
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US Congress Investigates Tax Fraud 5/10/2012 The House of Representatives Ways and Means Committee’s Oversight Subcommittee
Chairman Charles Boustany and its Social Security Subcommittee
Chairman Sam Johnson (pictured) have held a joint hearing on tax fraud involving
identity theft in the United States.
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US Lawmakers Question GSA 'Kickback' Policy 5/9/2012 The House of Representatives Ways and Means Subcommittee on Oversight Chairman,
Charles Boustany, has sent a letter to 15 departments and two agencies
across the United States government seeking information about the potential ‘abuse’
of the energy efficient commercial buildings deduction.
|
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EU, US Agree Common List Of 'Trusted Traders' 5/9/2012 The United States and the European Union have agreed to recognize one another's list of 'certified trusted traders', exposing these companies to faster, and less burdensome customs clearance procedures, to cut costs and introduce a more stable environment for cross-Atlantic trade.
|
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Offshore Merger And Acquisition Activity Rises 5/9/2012 A new report from Appleby shows that transaction values for mergers and acquisitions (M&A) in major offshore financial centers rose by 25% in the first quarter of 2012.
|
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Gibraltar Promotes E-Gaming Specialism In US 5/9/2012 The Gibraltar government has sought to improve relations and expand on business
opportunities with United States regulators, operators and businesses, with a delegation led by the Rock's
Minister with responsibility for gambling, Gilbert Licudi, to the GiGse Totally
Gaming conference in San Francisco.
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IRS Reviews Tax-Exempt Status Revocations 5/7/2012 Following a request from the United States Internal Revenue Service, the Treasury
Inspector General for Tax Administration reviewed its Exempt Organizations
function’s implementation of the provisions of the Pension Protection Act
of 2006 related to the automatic revocation of an organization’s tax-exempt
status.
|
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Report Shows Incentives For US Companies To Drop Health Cover 5/4/2012 In a new report prepared for the House of Representatives Ways and Means Committee,
data from United States Fortune 100 companies show that they could save significant
amounts under the new health care law by simply terminating health insurance for
their workers and putting those employees into taxpayer-funded health care exchanges.
|
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US Issues Annual IPR Country Report 5/3/2012 The Office of the United States Trade Representative has released its annual
‘Special 301 Report’ on the perceived adequacy and effectiveness of
US trading partners’ protection and enforcement of intellectual property
rights (IPR).
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IRS Seeks Applications For Tax Assistance Grants 5/3/2012 The United States Internal Revenue Service is now accepting applications
for the Tax Counselling for the Elderly and Volunteer Income Tax Assistance grant programmes, which will allow some organizations to apply for annual
funding for up to three years.
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Barbados Targets US Investors 5/2/2012 Barbados's Prime Minister Freundel Stuart has highlighted the advantages of doing
business in the territory for United States investors as the US Chamber of Commerce
prepares to launch an office in the country this year.
|
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US Business Pushes For US-Egypt FTA 5/2/2012 The United States-Egypt Business Council of the US Chamber of Commerce has held
meetings with senior members of Congress to push for commencement of negotiations on a US-Egypt free trade agreement.
|
 |
Nations Air Grievances At WTO Anti-Dumping Body 5/1/2012 The World Trade Organization's Committee on Anti-Dumping Practices held a meeting with WTO members recently to present feedback on 30 anti-dumping actions taken during 2011, and to hear nations' current trade policy concerns.
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US House Passes Cybersecurity Bill 5/1/2012 Despite the indication that it would be vetoed by President Obama if it were to
arrive on his desk, the United States House of Representatives has approved the
Cyber Intelligence Sharing and Protection Act, which would encourage companies
and the government to share information about cyber threats facing networks.
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Kirk Explains US Asia-Pacific Trade Policy 5/1/2012 In remarks at Singapore Management University, the United States Trade Representative
Ron Kirk described the Administration’s broad trade policy in the Asia-Pacific region
as using the Trans-Pacific Partnership to make further progress with its
trading partners around the Pacific Rim.
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UK, EU Talk 'Shadow Banking' Regulation 5/1/2012 At a conference on ‘shadow banking’ in Brussels, both Michel Barnier,
European Commissioner for Internal Market and Services, and Paul Tucker, the Bank
of England’s Deputy Governor for Financial Stability, have outlined their
views on policies for its better regulation.
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Philippines Wins More Time In Booze Tax Case 5/1/2012 The government of the Philippines has confirmed that it has concluded negotiations
with the United States and the European Union on the reasonable period of
time for it to comply with the World Trade Organization ruling that
the excise taxes it applies on imported distilled spirits are
discriminatory.
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Ireland, US In Talks Over FATCA 5/1/2012 Ireland and the United States are in talks to establish a common approach to the Foreign Account Tax Compliance Act, drawing on domestic and international tax legislation and treaties.
|
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Supreme Court Limits IRS In Tax Shelter Challenge 4/30/2012 The United States Supreme Court has rejected an attempt by the Internal Revenue
Service to use a longer six-year cut-off period under the statute of limitations,
rather than the usual three years, for its assessment of ‘Son of Boss’
tax shelter schemes.
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Geithner Finds Progress In US-China Trade Relations 4/30/2012 In remarks made to the Commonwealth Club of California in San Francisco, Timothy
Geithner, the US Treasury Secretary, reviewed the development of the trading and
economic relationship between the United States and China, and pronounced that
significant progress has been made.
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Congress Examines Tax-Advantaged Health Accounts 4/27/2012 On April 25, a US Congressional panel held a hearing focused on the limitations imposed
on the purchase of over-the-counter medication with tax-advantaged accounts,
such as health care flexible spending arrangements, health savings accounts and health reimbursement accounts.
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Volcker Rule Conformance Period Clarified 4/25/2012 The United States Federal Reserve Board has clarified that an entity covered
by the Volcker Rule section of the Dodd-Frank Wall Street Reform and Consumer Protection
Act has the full two-year period provided by the statute fully to conform its
activities and investments.
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USVI, Puerto Rico Look For Rum 'Cover Over' Extension 4/24/2012 Legislation has been introduced into both the United States Senate and the House
of Representatives to extend the 'cover over' of the excise tax on rum for Puerto
Rico and the US Virgin Islands.
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USPTO, UKIPO Issue Cooperation Progress Report 4/23/2012 A joint report published by the United Kingdom Intellectual Property Office and
the United States Patent and Trademark Office confirms that both offices
have been making efficient use of each other’s work, which has led to
an improvement in the quality of patents being granted.
|
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Captive Insurers Increasingly Staying Onshore 4/20/2012 Corporates are more likely to form new captive insurance entities in onshore
territories, such as in the United States and the European Union, and to opt for alternative captive structures, according to the findings of a new
report.
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IRS Consults On Public Sector Retirement Age Rules 4/23/2012 It has been announced that the United States Internal Revenue Service and
the Treasury Department anticipate issuing guidance relating to the applicability
of the normal retirement age rules to governmental plans.
|
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Bermuda Signs MLAT With The US 4/23/2012 Bermuda's Prime Minister Paula Cox has noted the recent conclusion of a new
Mutual Legal Assistance Treaty with the United States, which will significantly
boost cooperation between the nations, and aid the countries in more effectively
tackling financial crime.
|
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USITC Surprises With Two Rulings For Asian Exporters 4/23/2012 The United States International Trade Commission has surprised and caused
a certain amount of consternation within American industry, by ruling, twice on
the same day, that domestic manufacturers were not being harmed by imports from
their Asian competitors.
|
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US Congress Looks At Retirement Account Tax Reform 4/20/2012 The United States House of Representatives Ways and Means Committee has held a
hearing on possible modifications to tax-favoured retirement savings plans, including
employer-sponsored defined contribution plans and individual retirement accounts, which might be considered as part of comprehensive tax reform.
|
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US, Colombia FTA Effective In May 4/18/2012 The Presidents of the United States and Colombia announced at a joint
press conference in Cartagena that a landmark Free Trade Agreement between the two nations will become effective
on May 15, 2012, gradually exempting the vast majority of goods from bilateral trade taxes.
|
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IRS Issues Final Non-Resident Reporting Rule 4/18/2012 The Treasury Department has issued the final regulations on the reporting to the
Internal Revenue Service of interest paid to non-residents by United States
banks from January 1, 2013.
|
 |
US, Tunisia Hold Talks Under Bilateral TIFA 4/18/2012 A delegation from the Office of the United States Trade Representative has recently met with the Tunisian government, under the auspices of the US-Tunisia
Trade and Investment Framework Agreement Council, which was re-launched
late last year.
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Antigua Issues Plea To US On E-Gaming 4/18/2012 Prime Minister of Antigua and Barbuda, Baldwin Spencer, has met with US Trade Representative, Ron Kirk, to discuss Antigua and Barbuda’s internet gaming case against the United States.
|
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Obama's Buffett Tax Fails To Pass Through US Senate 4/18/2012 Despite pressure from President Barack Obama, the Democrat Party-led United States
Senate has been unable to advance his proposed ‘Buffett Rule’ tax
measure in the face of Republican Party opposition.
|
 |
Study Sresses Tax Contribution Of US Auto Industry 4/17/2012 A study from the Center for Automotive Research has highlighted the 'significant' contribution that the auto industry now provides to state and federal tax revenues, as
it makes a recovery from the recent economic recession.
|
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Study Points Out Differences In US State Sales Taxes 4/16/2012 The Tax Foundation has pointed out that sales taxes in the United States,
which are levied not only by state governments but also by city, county, Native
American and special district governments, can have a profound impact on the total
rate that consumers see at the check-out register.
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IRS Has Backlog In Offers Of Compromise 4/16/2012 The Treasury Inspector General for Tax Administration has found that efforts
by the United States Internal Revenue Service to promote the Offer in Compromise programme has increased the number of requested offers by 28% between 2007
and last year, but, at the same time, has created a backlog and delayed responses
to taxpayers.
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IRS Reminds Taxpayers Of College Tax Benefits 4/13/2012 The United States Internal Revenue Service has reminded parents and students,
looking to meet this year’s April 17 filing deadline, to check out several
college-related tax benefits before filing their 2011 tax returns.
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US Report Highlights Role of IP in Creating Jobs, Economic Growth 4/13/2012 The Commerce Department has released a comprehensive report, prepared by its Economics
and Statistics Administration and United States Patent and Trademark Office,
and entitled “Intellectual Property and the US Economy: Industries in Focus”,
which focuses on the impact of intellectual property on the American economy
and job creation.
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Future Bright For Panama: IMF 4/13/2012 The International Monetary Fund has published its Article IV report in respect
of Panama, noting that the country has exited the global downturn robustly, with
a well-capitalised banking system, but efforts should continue to build upon the
tax revenue base to reverse poor revenue performance witnessed last year.
|
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No Quick Fiscal Fix For Heavily-Indebted Nations 4/12/2012 The Organisation for Economic Cooperation and Development has published a new
study, warning of the extraordinary measures that are required to achieve fiscal
consolidation in many advanced nations, now also facing expenditure pressures
from ageing populations.
|
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Road Crash Deaths Increase On US Tax Filing Day 4/13/2012 A study, included in the current edition of the Journal of the American Medical
Association, has found that road crash fatalities in the United States increase
on the income tax deadline day laid down by the Internal Revenue Service.
|
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EU, US Adopt Commitment To Open FDI Regime 4/12/2012 Within the framework of the Transatlantic Economic Council, the European
Trade Commissioner Karel De Gucht has announced that the European Union and the United States have reaffirmed their commitment to a set of principles
for creating and maintaining an open, transparent and non-discriminatory international investment
regime.
|
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Business Calls For US-Brazil Trade Treaty 4/10/2012 On the occasion of Brazilian President Dilma Rousseff's visit to the United States
on April 9, the US Chamber of Commerce President and CEO Thomas Donohue
called on the two countries to begin discussions on a comprehensive Economic Partnership
Agreement.
|
 |
AICPA Reinforces IRS Tips for Last Minute US Tax Filers 4/11/2012 As the deadline for filing 2011 individual income tax returns approaches, the
American Institute of Certified Public Accountants has provided a list
of tips to help taxpayers with any last-minute uncertainties, while the United
States Internal Revenue Service has explained the means by which tax payments
can be made or delayed.
|
 |
Results Of Annual US Review Of Telecommunications Trade Agreements 4/10/2012 United States Trade Representative Ron Kirk has announced the results of
the 2012 annual review of the operation and effectiveness of telecommunications
trade agreements under Section 1377 of the Omnibus Trade and Competitiveness Act
of 1988.
|
 |
World Economic Forum Issues Global ICT Report 4/6/2012 The World Economic Forum, in collaboration with INSEAD, has issued the Global
Information Technology Report for 2012, which is said to be the most comprehensive
assessment of the preparedness of global economies to leverage the networked economy.
|
 |
Obama Signs JOBS Act For Small Businesses 4/9/2012 On April 5, after a rare example of bipartisan agreement in the United States
Congress, President Barack Obama was able to sign the Jumpstart Our Business Startups
(JOBS) Act, a bill to encourage startups and support small businesses without
the use of taxpayers’ money.
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WTO Members Pressure Argentina On Trade Policy 4/9/2012 At the Council for Trade in Goods meeting on March 30, 2012, fourteen World Trade Organisation members jointly
expressed their deepening concern about Argentina’s import-licensing measures, which were said to have significantly restricted trade flows.
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APEC Focuses On Trade And Investment 4/6/2012 The Asia-Pacific Economic Cooperation is moving ahead with cooperative
efforts to evaluate and identify initiatives to support freer, faster and more
beneficial trade in the region that will lead ultimately, it is hoped, to a Free
Trade Area of the Asia Pacific.
|
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US Announces New Challenge To EU In Airbus Case 4/6/2012 The Office of the United States Trade Representative has confirmed that it has requested the establishment of a World Trade Organization compliance panel to consider whether the European Union removed illegitimate subsidies to Airbus fully and in a timely manner.
|
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US Approves Final Rule On Shadow Banking 4/6/2012 The United States Financial Stability Oversight Council has issued its
final rule and interpretive guidance on the Federal Reserve Bank’s authority
to require supervision and regulation of nonbank financial companies.
|
|
IRS Advises Late Filers 4/6/2012 The United States Internal Revenue Service has reminded taxpayers that solutions
are available if they are unable to file their returns on time, and that they
can even request relief online.
|
 |
Obama Pushes For Buffett Tax 4/4/2012 President Barack Obama has reiterated his strong recommendation for Congress to
pass, in the near future, a 'Buffett tax' on the wealthiest United
States taxpayers, although he obviously knows that such a tax would be extremely
unlikely to obtain the approval of his Republican electoral opponents.
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US Congress Agrees Short-Term Highways Funding Fix 4/3/2012 On March 30, the day before funding for the infrastructural programmes of the
United States Federal Highway Trust Fund ran out on April 1, President
Barack Obama announced that he had signed into law the Surface Transportation
Extension Act of 2012, which provides a three-month extension until June 30, 2012.
|
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US Now Has OECD's Highest Corporate Tax Rate 4/3/2012 On April 1, the long-awaited day arrived when, following a marginal net corporate
tax reduction by Japan, it could be said that the United States has the highest
corporate tax rate amongst the countries in the Organization for Economic Co-operation and Development.
|
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Report Dissects Alderney's Role In Full Tilt Poker Case 3/30/2012 Alderney's Gambling Control Commission has welcomed the publication of an independent
report into decisions made in relation to
three companies which were licensed in Alderney to operate as Full Tilt
Poker.
|
 |
US Senate Examines Renewable Energy Tax Incentives 3/30/2012 The Subcommittee on Energy, Natural Resources and Infrastructure of the Senate
Committee on Finance has held a hearing on how the recent and pending expirations
of key tax incentives affect the deployment of renewable energy facilities and
energy efficiency measures in the United States.
|
 |
IRS Reorganizes Advance Pricing Procedures 3/29/2012 The United States Internal Revenue Service has announced organizational and administrative
changes and transitional procedures in connection with the creation of the Advance
Pricing and Mutual Agreement programme.
|
 |
US Senate Bill To Repeal 'Big Oil' Tax Breaks 3/29/2012 The Democrat-led United States Senate has voted to allow a debate on the Repeal
Big Oil Tax Subsidies Act, which would end certain tax breaks for the largest
oil companies, and use the tax saved to extend, for one year, expiring energy
tax provisions and reduce the country’s fiscal deficit.
|
 |
US Removes Argentina From GSP Programme 3/28/2012 In accordance with the Trade Act of 1974, President Barack Obama has
provided notification of his intent to suspend Argentina as a beneficiary developing
country under the United States Generalized System of Preferences programme.
|
 |
FTC Issues Final Report On US Data Privacy 3/27/2012 The Federal Trade Commission has issued its final report setting forth best
practices for businesses to protect the privacy of United States consumers and
give them greater control over the collection and use of their personal data.
|
 |
SEC Enhances Cooperation With EU, Cayman Islands 3/27/2012 The United States Securities and Exchange Commission has announced that
it has established two memoranda of understanding with the Cayman Islands
Monetary Authority and the European Securities and Markets Authority, as
part of its long-term strategy to improve the oversight of regulated entities
that operate across national borders.
|
 |
US, EU Issue Joint Statement On Data Privacy 3/22/2012 A joint statement, following a conference in which both European Commission Vice-President Viviane Reding and the United States Commerce Secretary John Bryson
participated, confirms the deepening trans-Atlantic dialogue on commercial data
privacy issues.
|
 |
Cantor Proposes US Small Business Tax Cut 3/23/2012 The United States House of Representatives Majority Leader Eric Cantor has introduced the Small Business Tax Cut Act of 2012, aimed at helping small
businesses to grow and to hire new workers.
|
 |
US Explains Anti-Dumping Investigative Process 3/23/2012 As the Department of Commerce is scheduled to release shortly a series
of determinations regarding antidumping duties, when a foreign company sells
a product in the United States at less than fair value, and countervailing duties to offset the benefits of foreign government subsidies, it has issued an
explanation of how its investigative process works in that regard.
|
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GOP Budget Provides US Tax Cuts 3/22/2012 The Republican Party’s 2013 budget, proposed by the House of Representatives
Budget Paul Ryan (R – Wisconsin), which reduces government spending to curb
its fiscal deficit and debt levels, also includes the framework for a revenue-neutral
reform of the United States tax code.
|
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US Taxpayer Makes USD25bn Profit From MBS Investments 3/21/2012 The United States Treasury has announced the completion of the orderly wind down
of its agency-guaranteed mortgage-backed securities portfolio, which it
acquired as part of its response to the financial crisis, at an overall profit
for taxpayers of USD25bn.
|
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US Tax-Exempt Groups Open To More Scrutiny 3/20/2012 The United States Internal Revenue Service has launched a new online search tool,
Exempt Organizations Select Check, to help users more easily find key information
about tax-exempt organizations, such as federal tax status and filings.
|
|
US Senate Mulls Trade Relations With Russia 3/20/2012 The United States Senate Finance Committee, chaired by Max Baucus (D – Montana), has held
a hearing to examine the implications of Russia’s accession to the World
Trade Organization.
|
|
GOP Further Pressures IRS On Donation Investigations 3/19/2012 Twelve Republican Senators have written to the United States Internal Revenue
Service further questioning the recent selective enforcement on tax-exempt
organizations, and urging that it prevents politics from playing a role in any
action it takes.
|
 |
US Senate Passes Highways Tax Bill 3/16/2012 On March 14, the United States Senate passed, on a bipartisan basis, a bill to
provide for an extension of highway-related taxes and the funding of infrastructural
spending by the Federal Highway Trust Fund, which included an anti-tax haven amendment.
|
 |
South Korea-US FTA Comes Into Effect 3/16/2012 The long-delayed South Korea-United States free trade agreement,
which was originally signed in 2007, entered into force on March 15, 2012.
|
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US Challenges Indian Poultry Imports Ban 3/16/2012 The United States government has initiated World Trade Organization proceedings against India's prohibition
of certain American agricultural exports, including poultry meat and chicken eggs,
which the nation says have been introduced contrary to international trade law.
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