POPULARITY
On episode 018 of Mountain State Views, host Steven Allen Adams talks with Senate Finance Committee Chairman Eric Tarr, R-Putnam, over Zoom. The two talk about Amendment 2 and Gov. Jim Justice's opposition to the constitutional amendment, Justice's plan to rebate the tangible personal property taxes paid by West Virginians on vehicles through state personal income tax filings versus the Senate Republican plan to eliminate that and other tangible personal property taxes, and the possibility of additional Republican pick-ups in the state Senate.
The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: Biden Administration releases FY2023 Budget with new international tax proposals – Congress passes omnibus appropriations bill with no tax title – Senate Finance Committee Chairman supports tax sanctions for Russia, Belarus – Final FTC regulations will be revisited to address BEPS 2.0 Pillar Two rules – Proposed PTEP regulations coming second half of 2022 – Senate Foreign Relations Committee reports out proposed US-Chile tax treaty – OECD releases Commentary and illustrative examples on Pillar Two Model Rules.
The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US Congress fails to pass infrastructure and budget reconciliation legislation -- House Ways & Means Committee reports out reconciliation bill with major international tax proposals -- Senate Finance Committee Chairman releases partnership tax proposals -- Final foreign tax credit regulations will include jurisdictional nexus requirement -- IRS allows taxpayer to reverse GILTI "gap period" transaction through late CTB election -- IRS articulates five-factor test in determining income inclusion of reimbursement payments -- IRS issues final regulations on treatment of QIP and provides guidance on foreign tax credits -- IRS seeing more billion-dollar MAP cases -- IRS lists jurisdictions with US information exchange agreements that allow reporting certain deposit interest -- G7 Finance Ministers make progress on BEPS 2.0 issues in lead-up to October 2021 meetings.
A review of the week's major US international tax-related news. In this edition: US House Ways and Means Committee begins budget reconciliation markup – Treasury pushes for 21 percent minimum corporate tax on foreign earnings – Senate Finance Committee Chairman releases draft partnership tax legislation – Treasury official offers update on coming final foreign tax credit regulations – IRS releases 2021–2022 Priority Guidance Plan – IRS allows taxpayer to reverse "gap period" transaction through late CTB election.
The Ernst & Young ITTS Washington Dispatch brings you a monthly review of US international tax-related developments. In this edition: US infrastructure legislation, FY 2022 budget resolution move forward – Senate Finance Committee Chairman, members release international tax discussion draft – Finance Committee Chairman introduces bill to amend tax treatment of financial derivative transactions – Senate-passed infrastructure bill would impose information-reporting requirements on sales of cryptocurrency, other digital assets – IRS extends to 1 January 2023 date for W/H on certain transfers, distributions related to PTP interests – US, Germany agree on exchange of CbC reports – IRS financial services campaign will not target specific transactions – OECD releases 2021 peer review update of preferential tax regimes – OECD releases corporate tax statistics publication, including anonymized/aggregated CbC report stats.
A review of the week's major US international tax-related news. In this edition: US Senate passes $1.2 trillion infrastructure bill, $3.5 trillion budget resolution with reconciliation instructions – Senate Finance Committee Chairman releases financial derivatives overhaul proposal – IRS official says new financial entities campaign will be broad.
A review of the week's major US international tax-related news. In this edition: President Biden to address joint session of Congress; will pitch infrastructure and American Families Plan proposals – Senate Finance Committee Chairman reintroduces Clean Energy for America Act – UN tax committee approves new digital taxation article for UN Model Treaty.
Cannabis News Update February 12, 2021 Today in the world of cannabis: The Senate Finance Committee Chairman says that GOP senators have to “reconcile” their personal views on cannabis with that of the voters, Tilray agrees to a deal to begin offering medical cannabis products in the U.K., and a group of cannabis stocks are the latest to see Reddit-generated surges. The Morning Buzz presented by TRICHOMES brings you late-breaking news that tells you what's happening within the cannabis industry. Check in with the cannabis community at TRICHOMES.com
A chemical spill closes Route 2 near the Marshall-Wetzel County line, arrest made in Raleigh County for two people wanted in an Ohio murder from the weekend, Senate Finance Committee Chairman injured in weekend car wreck, final preparations being made for Regular Legislative Session which starts Wednesday. In sports, the Divisional Round of the NFL post season is set and WVU prepares to take on Oklahoma State. These stories and more in today's episode.
IRS and Treasury hold hearing on Proposed Section 385 debt/equity regulations – Senate Finance Committee Chairman’s corporate integration draft delayed -- IRS releases proposed Qualified Intermediary Agreement – IRC Section 385 cases in exam or litigation require coordination with IRS Associate Chief Counsel offices – IRS official lists international guidance slated for release before Obama Administration ends.
A review of the week's major US international tax-related news. In this edition:Direction of US House international tax reform draft uncertain – Senate Finance Committee Chairman calls for comprehensive tax reform to curb corporate inversions – Senate corporate integration proposal will be revenue neutral -- New US anti-inversion rules, debt equity regulations may not be finalized at same time.
Senate Finance Tax Reform Working Group issues international tax reform report – Senior House Ways and Means Committee members release “innovation box” discussion draft – Senate Finance Committee approves “tax extenders” bill – US, Vietnam sign first-ever tax treaty – Treasury to issue international guidance in coming months – OECD holds final public consultation on BEPS Actions 8-10 on transfer pricing – Senate Finance Committee Chairman outlines BEPS concerns.
A review of the week's major US international tax-related news. In this edition: Senate Finance Committee Chairman has concerns over Obama Administration’s international tax proposals – Finance Committee requesting tax ideas on tax reform; international hearing slated for 17 March -- IRS to begin scheduling pre-filing conferences for bilateral APAs with India – US opposes risk, recharacterization, and special measures draft under BEPS actions 8, 9, and 10, but consensus still possible.
A review of the week's major US international tax-related news. In this edition: Senate Finance Committee Chairman releases discussion draft on international tax reform -- US government reportedly has initialed 33 FATCA IGAs -- US, Vietnam to enter into tax treaty negotiations.
G8 summit calls for greater transparency with tax authorities -- OECD provides update on BEPS project -- House Ways and Means Committee hearing highlights MNCs’ use of tax havens -- Senate Finance Committee Chairman supports “clean” federal debt ceiling increase -- IRS expands automated Form 5471 penalty program to Form 5472 -- IRS retroactively applies Notice 2012-39 to outbound F reorganization -- US-Brazil TIEA is effective -- US, Japan sign FACTA “statement” -- UN launches Practical Manual on Transfer Pricing for Developing Countries
Guest: Nancy H. Nielsen, MD, PhD The second of two programs consisting of excerpts of a panel discussion examining the issues surrounding healthcare coverage for millions of uninsured Americans. The panel was presented by U.S. News and World Report's National Issues Briefing, in association with the American Medical Association. Panelists include Senator Max Baucus (D-MT), Senate Finance Committee Chairman; Mary R. Grealy, president of the Healthcare Leadership Council; and Paul H. Keckley, PhD, executive director of the Deloitte Center for Health Solutions. Brian Kelly, editor, U.S. News and World Report, moderates. The panel was introduced by Nancy H. Nielsen, MD, PhD, president of the American Medical Association. Given latest U.S. Census profiles of uninsured Americans, and the obstacles to retaining coverage, including evolving private sector and employee work patterns and gaps in existing health care plans, panelists debate possible solutions -- from group coverage to state and federal benefits plans -- as well as current and emerging solutions from within the Administration and Congress, the presidential candidates, and other experts. The panel was recorded on September 23, 2008, at the National Press Club in Washington, D.C.
Guest: Nancy H. Nielsen, MD, PhD The first of two programs consisting of excerpts of a panel discussion examining the issues surrounding healthcare coverage for millions of uninsured Americans. The panel was presented by U.S. News and World Report's National Issues Briefing, in association with the American Medical Association. Panelists include Senator Max Baucus (D-MT), Senate Finance Committee Chairman; Mary R. Grealy, president of the Healthcare Leadership Council; and Paul H. Keckley, PhD, executive director of the Deloitte Center for Health Solutions. Brian Kelly, editor, U.S. News and World Report, moderates. The panel was introduced by Nancy H. Nielsen, MD, PhD, president of the American Medical Association. Given latest U.S. Census profiles of uninsured Americans, and the obstacles to retaining coverage, including evolving private sector and employee work patterns and gaps in existing health care plans, panelists debate possible solutions -- from group coverage to state and federal benefits plans -- as well as current and emerging solutions from within the Administration and Congress, the presidential candidates, and other experts. The panel was recorded on September 23, 2008, at the National Press Club in Washington, D.C.