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UN Secretary General Visits WIPO, by Mike Godfrey, for LawAndTax-News.com, Washington20/11/2008
The World Intellectual Property Organization is a unique organization with an individual contribution to make in meeting the global challenges faced by the United Nations family, United Nations Secretary General Ban Ki Moon announced during his first ever visit to the Organization’s Geneva headquarters on November 18, 2008. [
FULL
STORY ]
G20 Urge Action On Doha And Tax Transparency, by Mike Godfrey, Tax-News.com, Washington20/11/2008
The G20 Summit in Washington which resulted in numerous pledges and a broad consensus on the need for international co-operation to minimise the impact the financial crisis, and lessen the repercussions of a looming global recession, has placed renewed pressure on World Trade Organisation agricultural negotiators to square their differences with alacrity, and hence save the Doha round of free trade talks. [
FULL
STORY ]
Malaysia-US Continue Negotiations Over FTA, by Mike Godfrey, for LawAndTax-News.com, Washington20/11/2008
Malaysia's Deputy Minister of International Trade and Industry, Datuk Jacob Dangau Sagan, has announced that Malaysia will continue Free Trade Agreement negotiations with the US. [
FULL
STORY ]
Google Settles With Book Publishers, by Glen Shapiro, LawAndTax-News.com, New York20/11/2008
Google recently reached an agreement with the Authors Guild and the Association
of American Publishers under which the firm will pay USD125m to resolve
outstanding legal actions against it in relation to its Google Book search service,
which offers full-text searching facilities to users. [
FULL
STORY ]
Hedge Fund Managers Anticipate Increased Costs And Regulation Under Obama, by Carla Johnson, Investors Offshore.com19/11/2008
Over 98% of senior hedge fund managers think that the new US Presidential Administration is likely to increase regulation of the hedge fund industry, according to a new report. [
FULL
STORY ]
Senator Seeks Inspector General Review Of Treasury's Bank Merger Move, by Mike Godfrey, Tax-News.com, Washington18/11/2008
United States Senator Chuck Grassley, ranking member of the Committee on Finance, has asked the Treasury Department inspector general to review the circumstances and any possible conflicts of interest involving the administrative move that gives a tax break to banks that acquire poorly performing banks. [
FULL
STORY ]
US Treasury To Implement Unlawful Internet Gambling Act, by Glen Shapiro, LawAndTax-News.com, New York18/11/2008
The United States Treasury Department and the Federal Reserve Board have announced the release of a joint final rule to implement the Unlawful Internet Gambling Enforcement Act of 2006, which effectively blocks access to the lucrative US internet gambling market for offshore operators. [
FULL
STORY ]
Florida's Marine Industry To Benefit From Amendment 6, by Mike Godfrey, for Tax-News.com, Washington17/11/2008
It is expected that changes to the taxation of property in Florida will greatly benefit the state's struggling marine industry. [
FULL
STORY ]
Hedge Fund Managers Face Congressional Grilling On Tax, by Mike Godfrey, Tax-News.com, Washington17/11/2008
With Barack Obama soon to be installed in the White House, and with the Democrats in control of Congress, hedge funds can expect a less-than-easy ride on the tax front in the coming years, as foreshadowed by a hearing in the House of Representatives on Thursday. [
FULL
STORY ]
IRS Announces Record E-File Figures, by Leroy Baker, Tax-News.com, New York14/11/2008
Individual taxpayers e-filed almost 90 million tax returns in the United States during 2008, an increase of more than 12% over the prior year, the Internal Revenue Service has announced. [
FULL
STORY ]
EU And US Discuss Trade Ahead Of Washington Summit, by Ulrika Lomas, Tax-News.com, Brussels13/11/2008
EU Trade Commissioner Catherine Ashton and US Trade Representative Susan Schwab met in Brussels on Tuesday to renew their commitment to the early conclusion of the Doha Round of world trade talks and discuss a number of bilateral trade issues. [
FULL
STORY ]
IRS Awards Grants To Free Tax Preparation Sites, by Leroy Baker, Tax-News.com, New York13/11/2008
The United States Internal Revenue Service has awarded almost USD8m in matching grants to support its Volunteer Income Tax Assistance program, which provides free tax preparation and filing for low income individuals. [
FULL
STORY ]
Swiss Government Fears Obama's Stance On Banking Secrecy, by Ulrika Lomas, Tax-News.com, Brussels12/11/2008
The anti-offshore stance of US President-elect, Barack Obama, coupled with the US need to increase revenue in order to finance the banking bailouts, and slow the current economic slide are likely to increase pressure from the United States on Swiss banking secrecy, it has been suggested this week. [
FULL
STORY ]
US Taxpayers Claim USD1.6bn In Fraudulent Refunds, by Leroy Baker, Tax-News.com, New York12/11/2008
The number of falsified tax returns, filed in an attempt to obtain fraudulent tax refunds, increased dramatically in the United States between 2006 and 2007, according to a new report from an independent Treasury oversight body. [
FULL
STORY ]
Software And Information Industry Association Lauds Enactment Of PRO IP Act 2008, by Mike Godfrey, for LawAndTax-News.com, Washington11/11/2008
The Software and Information Industry Association has given its support to the recent passing of the Prioritizing Resources and Organization for Intellectual Property Act of 2008. [
FULL
STORY ]
Pelosi Wants Tax Cuts In New Stimulus Plan, by Leroy Baker, Tax-News.com, New York11/11/2008
Rep. Nancy Pelosi (D - Calif.), the Speaker of the House of Representatives, wants Congress and the Bush administration to consider a new economic stimulus package as a prelude to wider economic revival legislation next year, which could contain tax cuts. [
FULL
STORY ]
US State Revenues Continue Downtrend, by Mike Godfrey, Tax-News.com, Washington11/11/2008
State tax collections across the country continued their downward trend during the third quarter of 2008, according to a preliminary report issued last week by the Rockefeller Institute of Government. [
FULL
STORY ]
Schwarzenegger Proposes Emergency Budget For California, by Mike Godfrey, Tax-News.com, New York11/11/2008
California Governor Arnold Schwarzenegger on Thursday called a special session of the legislature and announced a budgetary action plan, which includes his previous idea for a temporary increase in sales tax, as the state budget once again slips into crisis. [
FULL
STORY ]
Voters Reject US State Tax Proposals, by Mike Godfrey, Tax-News.com, Washington10/11/2008
US voters for the most part acted to reject state tax proposals presented on ballot forms during last Tuesday's presidential election. [
FULL
STORY ]
New MoneyTree Report Shows Venture Capital Rode The Waves In Q3, by Philip Morton, Investors Offshore.com10/11/2008
Figures recently released as part of the PwC/National Venture Capital Association MoneyTree Report have showed that despite the turmoil in the global financial markets, US venture capital investing remained within historical norms in the third quarter of 2008. [
FULL
STORY ]
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