Legal News

House & Senate Pass Economic Stimulus Bill
The House (380-34) and Senate (81-16) yesterday voted to send the economic stimulus bill (H.R. 5140) to President Bush for his signature. Statutory Language Senate Finance Committee Press Release Senate Finance Committee Staff Summary Joint Commiitee on Taxation Technical Explanation...

Joint Committee on Taxation Report on Possible Areas of Tax Reform
The staff of the Joint Committee on Taxation has prepared a document entitled Taxation of Wealth Transfers Within a Family: A Discussion of Selected Areas for Possible Reform. This report was scheduled for a public hearing before the Senate Committee...

House to Mark Up Energy and Tax Extenders Act
The House Ways & Means Committee will mark up The Energy and Tax Extenders Act of 2008 today: Press Release Summary of Bill Legislative Text Joint Committee on Taxation Explanation Joint Committee on Taxation Revenue Estimate Update: Updated Joint Committee...

Economic Stimulus Package
In light of the current economic turmoil, it's worth looking at a collection of links discussing the pros and cons of tax rebates as part of a proposed economic stimulus package. Also check out the Joint Committee on Taxation's document titled Overview of Past Tax Legislation Providing Fiscal Stimulus and Issues in Designing and Delivering a Cash Rebate to Individuals (JCX-4-08)...

Joint Tax Committee to Rethink Tax Expenditure Analysis
Edward Kleinbard, Chief of Staff of the Joint Committee on Taxation, announced yesterday at the Chicago-Kent College of Law Federal Tax Institute that, in response to criticism, the Joint Tax Committee will be Rethinking Tax Expenditures: In the forty years...

Joint Economic Committee Releases Two Tax Reports
The Joint Economic Committee yesterday released two tax reports: Press release: U.S. Senator Charles E. Schumer, Chairman of the Joint Economic Committee (JEC), released a state-by-state analysis revealing that free e-filing would save taxpayers and the federal government billions of...

Foreign Investment and National Security Act of 2007
Strengthens examination requirements of the Committee on Foreign Investment in the United States

The S Corporation
Avoiding double taxation

Emergency Economic Stabilization Act of 2008
Bailout Bill HR124

Flint Energy Services Ltd.
$12.2 million settlement reached in taxation dispute.

Bayer CropScience AG
alleging farmers suffered economic losses after Bayer's biotech Liberty Link rice was released into the food supply and countries banned US rice.

Developer Investment
Raffaello Follieri agrees to $12 million joint venture settlement.

Joint Venture
Gallaher Group agrees to pay Reynolds American $387 million contract dispute settlement.