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Increase On Sales Tax Needed, Schwarzenegger Announces, by Glen Shapiro, LawAndTax-News.com, New York07/08/2008
Governor of California, Arnold Schwarzenegger has announced this week that he wants to see the introduction of a temporary penny sales tax increase in order to boost the state's ailing finances. [
FULL
STORY ]
SEC Proposes Guidance For Fund Boards On Portfolio Securities, Use Of Soft Dollars, by Mike Godfrey, for LawAndTax-News.com, Washington06/08/2008
The Securities and Exchange Commission (SEC) voted unanimously on Friday to provide guidance to the boards of directors at investment companies about their investor protection responsibilities in overseeing investment advisers who trade fund portfolio securities and use so-called “soft dollars.” [
FULL
STORY ]
Senate Tax Probe To Trigger New Offshore Crackdown, Warns Law Firm, by Mike Godfrey, Tax-News.com, Washington06/08/2008
BakerPlatt, the UK-based law firm, has predicted that the current investigation by the United States Senate into offshore banking and tax compliance will likely lead to a more 'onerous and rigorous environment' for financial institutions around the world. [
FULL
STORY ]
US Treasury Publishes Economic Update, by Mike Godfrey, for LawAndTax-News.com, Washington06/08/2008
The United States Treasury Department on Friday published an economic update. [
FULL
STORY ]
Tax Advocacy Group Applauds McCain's Anti-Tax Stance, by Mike Godfrey, Tax-News.com, Washington06/08/2008
Americans for Tax Reform (ATR), the low tax pressure group, has applauded presumptive Republican presidential nominee Sen. John McCain for his repeated promises to protect taxpayers by opposing any future tax increases. [
FULL
STORY ]
SEC Advisory Committee Makes Recommendations To Improve Financial Reporting, by Mike Godfrey, for LawAndTax-News.com, Washington05/08/2008
Securities and Exchange Commission (SEC) Chairman Christopher Cox received on Monday the final report of an SEC advisory committee containing 25 recommendations to make financial information more useful and understandable to investors. [
FULL
STORY ]
Statement From USTR Spokesman Regarding Anti-Counterfeiting Trade Agreement, by Glen Shapiro, LawAndTax-News.com, New York05/08/2008
USTR spokesman, Scott Elmore, has spoken out this week to comment on further developments in the continuation of the Anti-Counterfeiting Trade Agreement (ACTA).
[
FULL
STORY ]
SEC Announces Insider Trading Charges Against Former CEO Of Enron Energy Services, by Mike Godfrey, for LawAndTax-News.com, Washington05/08/2008
The US Securities and Exchange Commission announced on Wednesday that it has charged Lou L. Pai, the former chairman and chief executive officer of Enron Energy Services (EES), a division of Enron Corp., with illegally selling hundreds of thousands of shares of Enron stock, on the basis of material nonpublic information. [
FULL
STORY ]
SEC Orders E*Trade Brokerage Firms To Comply With Anti-Money Laundering Rule, by Glen Shapiro, LawAndTax-News.com, New York04/08/2008
The SEC on Thursday charged E*Trade Clearing LLC and E*Trade Securities LLC over failures to comply with an anti-money laundering rule that requires broker-dealers to verify the identities of their customers and document their procedures for doing so. [
FULL
STORY ]
Senators Propose Oil Speculation Tax, by Leroy Baker, Tax-News.com, New York04/08/2008
In an effort to reduce excessive speculative trading in oil and other commodities, US Senators Ron Wyden (D-Ore., pictured) and Chuck Grassley (R-Iowa), have proposed legislation that would end lucrative tax breaks that speculators enjoy by taxing all the profits they earn on the oil commodities market at the same rate as ordinary income. [
FULL
STORY ]
Baucus Calls For Healthcare Tax Reform, by Mike Godfrey, Tax-News.com, Washington04/08/2008
Senate Finance Committee Chairman Max Baucus (D - Mont.) has called for an overhaul of the US tax code with regards the way it treats the provision of healthcare, arguing that current rules give the wealthy an unfair tax deduction. [
FULL
STORY ]
Guidance Provided For Disclosures On Corporate Websites, by Mike Godfrey, for LawAndTax-News.com, Washington04/08/2008
The Securities and Exchange Commission (SEC) voted unanimously on Thursday to provide new guidance to public companies about how to comply with the securities laws while developing their websites to serve as an effective means for disseminating important information to investors. [
FULL
STORY ]
SEC Extends Order Limiting Naked Short Selling , by Glen Shapiro, LawAndTax-News.com, New York01/08/2008
The Securities and Exchange Commission (SEC) announced on Wednesday that they have extended an order issued on 15th July to enhance investor protections against naked short selling in the securities of financial institutions to which the Federal Reserve has granted temporary access to liquidity facilities on an emergency basis. [
FULL
STORY ]
US Manufacturers Welcome Senate IP Bill, by Glen Shapiro, LawAndTax-News.com, New York01/08/2008
National Association of Manufacturers President John Engler last week commended Senators Patrick Leahy (D-VT), Arlen Specter (R-PA), Evan Bayh (D-IN) and George Voinovich (R-OH) for introducing the Enforcement of Intellectual Property Rights Act of 2008. [
FULL
STORY ]
Rangel Welcomes Bush's Signature On Housing Tax Package, by Leroy Baker, Tax-News.com, New York01/08/2008
Ways and Means Committee Chairman Charles Rangel (D-NY, pictured) has hailed Tuesday`s signing into law of a package of housing market-boosting tax incentives, saying that it will go a long way in addressing the shortage of affordable housing options across the United States. [
FULL
STORY ]
Schwab Comments Before WTO Trade Negotiations Committee, by Glen Shapiro, LawAndTax-News.com, New York01/08/2008
US Ambassador, Susan C. Schwab, spoke out on Thursday before the WTO Trade Negotiations Committee in response to the failure by international trade ministers to agree at the recent world trade talks in Geneva. [
FULL
STORY ]
IRS Releases Updated Drafts Of Corporate And Partnership Tax Forms, by Glen Shapiro, LawAndTax-News.com, New York01/08/2008
The Internal Revenue Service has released for public comment draft revisions to Form 1065, US Return of Partnership Income, Form 1120, US Corporation Income Tax Return, and certain related schedules. [
FULL
STORY ]
New IP Legislation Introduced In The Senate, by Glen Shapiro, LawAndTax-News.com, New York31/07/2008
New intellectual property legislation was introduced in the US Congress last week by Senate Judiciary Committee Chairman Patrick Leahy (D-Vt) and Ranking Member Arlen Specter (R-Pa). [
FULL
STORY ]
USPTO Deputy Director To Leave Agency, by Mike Godfrey, for LawAndTax-News.com, Washington31/07/2008
Margaret Peterlin, Deputy Under Secretary of Commerce for Intellectual Property and deputy director of the United States Patent and Trademark Office, has announced that she will be leaving the USPTO in August, and plans to pursue employment opportunities in the private sector. [
FULL
STORY ]
WTO Talks End Without Agreement, by Ulrika Lomas, Tax-News.com, Brussels31/07/2008
WTO Director-General Pascal Lamy announced on Tuesday that ministers attending trade talks in Geneva had failed in their efforts to agree on blueprint agreements in agriculture and industrial products. [
FULL
STORY ]
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