The House of Representatives passed, and the President signed into law, H.R. 1586, the “FAA Air Transportation Modernization and Safety Improvement Act,” which curiously became the chosen vehicle for Congress and the Administration to provide assistance to states with budget shortfalls while paying for that assistance with changes in a number of international tax provisions. [...]
Posted tagged ‘congress’
International Tax Changes Take Flight
August 11, 2010Certain Uncertainty: Congress Juggles Tax Proposals
August 4, 2010By Jonathan Prokup Although death and taxes might, according to Benjamin Franklin, be the only certainties in this world, Congress is surely striving to add another – that is, the certainty of uncertainty. Congress, it seems, is committed to keeping taxpayers in as much doubt as possible for as long as possible about the status [...]
The Extenders Bill Is Dead. Long Live The Extenders?
June 29, 2010By Jonathan Prokup Now that the tax extenders legislation has died, what’s next? At least some of the provisions (e.g., the new tax regime for “carried interests”) are likely to find their way into future legislation. But what about the tax extenders themselves, such as the look-through rule of section 954(c)(6) and the section 41 [...]
Reps. Waxman and Stupak: Beware IRC Sec. 6103?
April 1, 2010By Jonathan Prokup President Obama’s health-care legislation is becoming more of a tax issue on a daily basis. In addition to the codification of economic substance (discussed here; see also yesterday’s TNT story featuring our own Phil Karter) contained in the reconciliation bill, the consequences of the legislation seem to be increasingly a matter of [...]
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Phil Karter
Jonathan Prokup
David Shakow
George Connelly, Jr.
Buck Buchanan
David Bernard
Dustin Covello
Heather Pesikoff
Hale Sheppard
dustincovello
