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Nos. 60-101 April 1 -- May 29, 2009 A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
ACCOUNTING
Audit processes and issues, CAQ issues new guide, 87:G6 (5/8/09)
Audit quality
Audit confirmations, PCAOB to revisit standard, 67:G6 (4/10/09); scandals, technology spur PCAOB to mull revisions to confirmation standard, 70:G7 (4/15/09)
PCAOB advisors provide input for guidance, 63:G7 (4/6/09) Convergence, U.S. use of IFRS
See U.S. adoption of IFRS, this heading
See DERIVATIVES
Fair-value measurement
Bank regulator Basel Comm. issues new guidelines for financial instruments, 71:I3 (4/16/09)
Banking and insurance groups again criticize fair value, OTTI accounting in letter to lawmakers, 92:G3 (5/15/09) Capital Markets Regulation Comm. urges FASB, IASB to review, improve standard, 99:G5 (5/27/09) Chamber of Commerce seeks PCAOB guidance on FAS 157 following FASB changes, Council of Inst. Investors calls for better enforcement, 70:G1 (4/15/09) Crucial valuation processes for bank rescues still undecided, BNA Analysis & Perspective, 74:J1 (4/21/09) EU finance ministers want IASB to adopt recent FASB rule changes, 63:I3 (4/6/09); tension between EU and IASB flares with rejection of immediate changes after FASB revisions, 79:I4 (4/28/09); finance ministers delay response until June meeting, 85:I4 (5/6/09); pressure on IASB continues, 88:I1 (5/11/09); EU wrestles with commitment to IFRS, retreat to EU accounting regime, 99:I1 (5/27/09) FASB approves staff guidance on fair value, impairment effective for second quarter, 62:GG1 (4/3/09); FASB issues final staff positions on mark-to-market accounting, impairments, 67:GG1 (4/10/09); mainly praise for guidance, continued doubts, criticism of OTTI changes, 67:GG2 (4/10/09); FASB eyes third-quarter release on enhanced disclosures of fair value, 77:G2 (4/24/09); Chrm. Herz defends board's process in issuing guidance, 82:G2 (5/1/09); FASB to delay release of rules as board tests beefed-up disclosures, 100:G4 (5/28/09) Goldman's Blankfein says more companies should have used fair value, 65:G3 (4/8/09) Hedge, private equity fund investments, FASB exploring possible fair value guidance, 84:G4 (5/5/09); FASB to issue draft guidance by May 22, focus on pension funds and university endowments, 86:G3 (5/7/09) House Financial Services Comm. hearing on fair value sought by Bachus (R-Ala.), 84:G3 (5/5/09) IASB agrees draft on fair value exposure will include disclosures on U.S. standards, 77:I2 (4/24/09); IASB declines to amend IFRS to match FASB changes on OTTIs, fair value, 78:I3 (4/27/09); IASB releases draft standard for public comment, 101:I1 (5/29/09) Investor advocates, security analysts slam FASB on fair value, impairment proposals, 61:G6 (4/2/09) PCAOB staff issues auditor practice alert in wake of FASB fair value, OTTI guidance, 76:G6 (4/23/09)
Advisory group's debate reveals conflicting issues, scale of task for FASB, IASB, 75:I1 (4/22/09); IASB, FASB advisers urge political restraint on accounting changes, 81:I1 (4/30/09); FCAG co-Chrm. Goldschmid says pressure on IASB threatens global standards project, 100:I3 (5/28/09)
AICPA endorses key legislative ideas to reform financial regulatory system, 79:G5 (4/28/09) Bank regulators should accommodate provisioning for bad times, Grant Thornton suggests, 89:G11 (5/12/09) G-20 leaders agree to pursue range of reforms, 62:I2 (4/3/09); IASB committed to progress on G-20 plan, 65:I2 (4/8/09) Impairment of debt securities, FASB guidance
See DEBT
See Fair-value measurement, this heading
U.S. adoption of IFRS, support waning due to financial crisis, economy, BNA Analysis & Perspective, 62:J1 (4/3/09)
Credit risk, IASB will seek constituent views on staff research paper, 96:I1 (5/21/09)
Debt instruments
See DEBT
Discounted cash-flows, IASB members debate practicalities, application of model, 85:I2 (5/6/09) Fair-market alternative, FASB, IASB could release proposals by late 2009, 60:G5 (4/1/09); IASB members debate practicalities, application of discounted cash-flows model, 85:I2 (5/6/09); FASB mulls current value method, 86:G1 (5/7/09) Mark-to-market rules
See Fair-value measurement, this heading
Securitization issues
See Securitization and consolidation, this heading
Consolidated statements, FASB to clarify Statement 160 provisions on partial sale, deconsolidation, 81:G2 (4/30/09)
Interactive data
IASCF seeks comments on XBRL handbook, 63:I3 (4/6/09)
SEC sets seminar on preparing financials in XBRL, 96:G6 (5/21/09) Management commentary, IASB approves giving normal due process to proposal, 79:I3 (4/28/09) Preparers voice concerns about presentation proposals, 61:I2 (4/2/09) Subsequent events, FASB issues new standard FAS 165, 101:G2 (5/29/09)
American Home Mortgage Investment executives charged by SEC with engaging in accounting fraud and making false and misleading statements to hide company's deteriorating financial condition (S.D.N.Y.), 80:EE11 (4/29/09)
Apogee Tech, 2 officers settle SEC earnings inflation charges (D. Mass.), 95:K4 (5/20/09) Audit firm liability
See Professional liability, this heading
Friedman's jewelry store chain former CEO sentenced to 12 years in prison for his alleged role in accounting fraud scheme (E.D.N.Y.), 81:EE15 (4/30/09) General Re's former CFO sentenced for role in manipulating AIG's financial statements (D. Conn.), 62:K2 (4/3/09); former senior executive sentenced, 82:K2 (5/1/09) National Century former executives given lengthy prison terms (S.D. Ohio), 60:K1 (4/1/09) Going concern, PCAOB urged by advisors to wait for FASB on more guidance, 63:G7 (4/6/09) Governments, GASB guidance
Deloitte & Touche and KPMG Canada unit, PCAOB finds significant deficiencies, 75:G5 (4/22/09)
Ernst & Young, PCAOB identifies deficiencies in annual inspection, 99:G2 (5/27/09) Foreign firms
PCAOB releases list of registered firms in foreign jurisdictions for 2009 inspections, 65:G2 (4/8/09)
SEC seeks comment on PCAOB proposal to delay some foreign inspections, 80:G3 (4/29/09); Acting Chief Accountant Kroeker discusses issues, 83:G4 (5/4/09)
Acquisition costs, liabilities, FASB continues deliberations, 94:G3 (5/19/09)
Cash flows, FASB works on guidance, 62:G3 (4/3/09) International standards
Cash equivalents, IFRIC declines to develop guidance, 88:I4 (5/11/09)
Chemical safety, IFRIC declines to develop guidance on REACH scheme's compliance costs, 87:I2 (5/8/09) Discontinued operations, IASB asks staff to consult REITs, others on disclosures, 79:I3 (4/28/09) Financial instruments, derecognition
See Financial instruments, this heading
Free online access, IASB announces for financial reporting standards' core text, 74:I3 (4/21/09) Income tax reporting
See Uncertain tax positions, this heading
Mergers, IFRIC rejects constituent requests for guidance, 88:I3 (5/11/09) Share-based payments, IASB tells project staff to publish amendment, 78:I4 (4/27/09) Venture capital consolidations, fair value guidance requests turned down by IFRIC, 87:I2 (5/8/09)
See INVENTORIES
Nonprofit mergers and acquisitions, FASB issue new standard, 98:G5 (5/26/09) Off-balance-sheet activities
See Securitizations and consolidations, this heading
See PENSIONS
Client tax evasion, accounting firm partner indicted for assisting (D.N.J.), 61:K4 (4/2/09)
CPA's discharge did not violate whistleblower protections of Sarbanes-Oxley Act (U.S., rev den), 74:K1 (4/21/09) Swiss bank tax scheme, Fla. accountant first to face charges based on information provided by UBS (S.D. Fla.), 62:K1 (4/3/09); text of complaint, 62:TaxCore (4/3/09)
Investor's suit against auditors of failed real estate firm remanded to state court (S.D. Fla.), 86:K2 (5/7/09)
New Century sues KPMG for $1B, citing bad audits, KPMG disputes allegations (Cal. Super. Ct.) (S.D.N.Y.), 61:K1 (4/2/09) Tax advice on stock redemption, PwC's motion for summary judgment in malpractice case denied (N.Y. Sup. Ct.), 96:K1 (5/21/09); decision text, 96:TaxCore (5/21/09)
See Audit quality, this heading
FASB hammers out more issues for exposure draft, 61:G1 (4/2/09)
IASB proposal, PwC practitioners examine initial recognition differences, Viewpoint, 99:J1 (5/27/09)
See RUSSIA
Securitizations and consolidations
Bank regulators, FASB collaborating on off-balance sheet guidance, Chrm. Herz says, 96:G1 (5/21/09)
FASB tackles disclosures, other topics, 62:G8 (4/3/09); FASB makes progress on more issues in pending VIEs consolidations effort, 66:G4 (4/9/09); FASB to issue final rules by June, 71:G2 (4/16/09); FASB moves to final drafting of amended rules on off-balance-sheet activities, 94:G4 (5/19/09) IASB to hold June roundtables on consolidations, derecognition, 75:I2 (4/22/09); IASB adopts 2-stage strategy to complete consolidations project, 95:I3 (5/20/09) SEC Acting Chief Accountant discusses prominent accounting issues, 83:G4 (5/4/09)
See TAX SHELTERS
IASB proposes new standard to provide more clarity, consistent reporting of income taxes, 60:I3 (4/1/09)
Nonpublic entities, Deloitte official discusses deferral, 60:G11 (4/1/09) Passthrough and exempt entities, FASB expects to issue GAAP on FIN 48 by June, 71:G2 (4/16/09); FASB seeks comments on key issues, 94:G1 (5/19/09) PwC panelists say IASB proposal to require complex calculations, 75:I3 (4/22/09); PwC compares proposal with current guidance in IAS 12 and FAS 109, Viewpoint, 93:J1 (5/18/09); tax basis, proposed changes, questions to consider, Viewpoint, 96:J1 (5/21/09); initial recognition differences, Viewpoint, 99:J1 (5/27/09)
Am. Enterprise Inst. says companies should decide on transition from GAAP to IFRS, 86:I2 (5/7/09)
Comment letters provide few clues on ultimate SEC decision on IFRS use, 67:I2 (4/10/09); SEC disappointed with low response, 82:G2 (5/1/09); commenters address details of IFRS adoption, support weak, 85:J1 (5/6/09); commenters address details of IFRS adoption, support weak, BNA Analysis & Perspective, 85:J1 (5/6/09) Congress unlikely to allow foreign body as sole U.S. accounting standard setter, FASB consultant says, 60:G9 (4/1/09) Credit crisis might have put IFRS on back burner, SEC's Erhardt says, 83:G2 (5/4/09) European Union requires report on IFRS roadmaps, 88:I1 (5/11/09) Income tax accounting issues, PwC articles
See Uncertain tax positions, this heading
Professionals admit they need knowledge or expertise with IFRS, AICPA survey, 93:I2 (5/18/09) S&P conference, panelists seek SEC date for mandate, others urge caution, 93:G3 (5/18/09) Support waning due to financial crisis, economy, BNA Analysis & Perspective, 62:J1 (4/3/09)
See Securitizations and consolidations, this heading
FAF moves to cut costs as sources of funding hit by financial crisis, 98:G1 (5/26/09)
FASB-IASB crisis advisory group
See ACCOUNTING, subheading: Financial crisis
IASB, Brazilian bank regulator de Oliveira Gomes to serve 5-year term, 82:I1 (5/1/09) IASCF
Budget surplus expected in 2009, long-term funding of IASB uncertain, 73:I1 (4/20/09)
Interpretations panel, trustees announce new IFRIC member, 3 continuing appointments, 85:I2 (5/6/09) Monitoring board, EU Comm'r McCreevy reveals plan to consult European Parliament on trustee selection, 61:I3 (4/2/09); European Union approves funding for IASCF, EFRAG, and PIOB, 88:I1 (5/11/09) U.S. analysts appointed to IASCF board, 97:I3 (5/22/09)
IRS reports on APA applications, completed agreements in 2008, 60:G6 (4/1/09); IRS Ann., 60:TaxCore (4/1/09); FY2009 1st quarter report, 60:TaxCore (4/1/09); IRS completed 20 APAs in quarter ending March 31, 85:G6 (5/6/09); FY2009 2nd quarter report, 85:TaxCore (5/6/09)
Cal. SBOE rules in-state employee's solicitation of print advertising sales creates nexus for Va. media firm, 81:H1 (4/30/09)
Direct mail, SSUTA panel recommends revised definition, 82:H4 (5/1/09); governing board makes breakthrough in direct mail issues, 91:H2 (5/14/09) Mailed ad coupons could be taxed as periodicals (Wash. Ct. App.), 86:K1 (5/7/09); decision text, 86:TaxCore (5/7/09) Social networking Web site, N.Y. tax dep't issues opinion on revenue allocation, 77:H3 (4/24/09)
Supplemental war spending bill of $83.4B will be last one Obama admin. will request, White House spokesman Gibbs says, 67:A5 (4/10/09)
See also specific countries
Economic growth for sub-Saharan African countries expected to be just 1.5 percent in 2009, IMF says, 78:EE6 (4/27/09) Export competitiveness of many sub-Saharan African industries significantly undermined by poor infrastructure conditions in land transport, maritime transport, and electricity sectors, ITC report, 90:A3 (5/13/09) Textiles and apparel
Competitiveness potential assessed by ITC, 94:A2 (5/19/09)
Cotton, African growers say they are still suffering from impact of subsidies from U.S. and other rich countries, 77:A7 (4/24/09)
Animal feed, FDA seeks to delay deadline restricting use of cattle, 65:A8 (4/8/09)
Biofuels Climate change, UN Food and Agriculture Org. calls for more input from farmers in negotiations on successor to Kyoto Protocol, 63:A9 (4/6/09) Cotton, African growers say they are still suffering from impact of subsidies from U.S. and other rich countries, despite U.S. claims that U.S. cotton production has dropped substantially in recent years, 77:A7 (4/24/09) Country-of-origin labeling on certain meat and produce, Canada proceeding with previously suspended complaint filed with WTO challenging U.S. regulation requiring, 80:A14 (4/29/09); Canadian government requests further WTO consultations with U.S., 87:A6 (5/8/09) Cuba, U.S. trade bill G-8 ministers meeting
See G-8
See BIOTECHNOLOGY
Meat and poultry
See MEAT AND POULTRY
See PESTICIDES
Subsidy program deadline extended, allowing farmers more time to choose between 2 different options, Sec'y Vilsack says, 60:A7 (4/1/09)
Civil rights assistant secretary, Senate approves nomination of Leonard, 63:A4 (4/6/09)
Deputy secretary, Senate approves nomination of Merrigan, 63:A4 (4/6/09) Environment and climate senior adviser, Sec'y Vilsack appoints Environmental Defense Fund vice president Bonnie, 73:A11 (4/20/09) Farm and foreign agricultural services undersecretary, Senate approves nomination of Miller, 63:A4 (4/6/09)
Airline industry endorses initiatives to cut emissions through better air traffic management, 61:A8 (4/2/09)
Coal processing plants, EPA calls for further reductions in particulate matter, and adds standards for sulfur dioxide, nitrogen oxides, and carbon monoxide, 98:A1 (5/26/09) Electric utilities
See UTILITIES
FY2010 budget, state and local air regulators seek 20 percent increase in federal funding for grant programs, 80:A8 (4/29/09) Greenhouse gas emissions
See CLIMATE CHANGE
Mobile sources, EPA develops vehicle emissions simulation software for state plans and inventories, 74:A16 (4/21/09) New source review
Bush admin. decision to deny prior petitions for reconsideration, EPA to reconsider portions of 3 different rules under Clean Air Act, 79:A18 (4/28/09)
Colo. ordered by EPA to provide more information about its issuance of emissions permit to cement plant near Lyons, 90:A8 (5/13/09) DuPont and Lucite Intl. agree to pay $2M and to shutter sulfuric acid manufacturing unit at W. Va. facility to resolve Clean Air Act violations (S.D.W.Va.), 74:A12 (4/21/09) Electric utilities
See UTILITIES
Nonroad construction equipment, EPA has failed to enforce Clean Air Act provisions that exempt state regulation, American Road Builders and Transportation Ass'n says (D.C. Cir.), 78:A24 (4/27/09) Nonroad engines imported from China by Powertrain, Wood Sales, and Tool Mart without obtaining necessary certificate of conformity, DOJ and EPA allege (D.D.C.), 101:A2 (5/29/09) Oil and gas facilities
See OIL AND GAS
Exceptional event violations, EPA sets June 18 deadline for states to report data, 94:A18 (5/19/09)
Mich., 8 counties now meet national 8-hour air-quality standard, EPA says, 74:A21 (4/21/09)
See CLIMATE CHANGE
EPA analysis of health and welfare impacts of exposure did not adequately explore pollutant's impact on climate change, agency's science advisers say, 87:A1 (5/8/09)
Fine particles, counties and industries call EPA designations on nonattainment flawed (D.C. Cir.), 64:A16 (4/7/09) Nonmetallic minerals new or modified processing operations, EPA announces final rule that will tighten limits on particulate emissions, 75:A2 (4/22/09) Transportation projects, EPA proposing new tests to determine conformity with revised air quality standards, detailing when hot spot analyses needed, 92:A22 (5/15/09) Shipping Sulfur dioxide, EPA extends comment period for draft risk and exposure report, 96:A9 (5/21/09)
Airport and Airway Trust Fund, Rangel (D-NY) sets hearing on financial status, 82:G8 (5/1/09); JCT background report, 84:TaxCore (5/5/09)
Antitrust
Cargo price fixing, Cargolux Airlines, Nippon Cargo Airlines, and Asiana Airlines agree to plead guilty and pay $214M, 69:A4 (4/14/09); Martinair Holland executive sentenced to prison for his participation in conspiracy to fix prices (D.D.C.), 81:A16 (4/30/09); Asiana to pay $50M fine for fixing prices (D.D.C.), 87:A9 (5/8/09)
European Union regulator launches 2 separate competition investigations into current and future cooperation agreements between U.S. and EU airlines, 74:A4 (4/21/09) British revenue agency updates guidance on air passenger duty, 93:I3 (5/18/09) Crash of Colgan Air flight near Buffalo, N.Y., Senate Commerce Comm. asks DOT IG to examine whether inadequate pilot training and fatigue played role, 95:A35 (5/20/09) Cuba, U.S. flights Emissions, industry endorses initiatives to cut through air traffic management, 61:A8 (4/2/09) Fuel tax hike Hanger not included in aircraft equipment storage exemption (Tex. App.), 74:K2 (4/21/09); decision text, 74:TaxCore (4/21/09) Ill., deal to privatize Chicago's Midway Airport collapses over recession-linked problems, 75:A9 (4/22/09) Pinnacle Airlines agrees to pay $3M to settle income tax issues, SEC filing, 63:G5 (4/6/09) Taxes, 6-month extension
Add-back tax statute does not violate Commerce Clause (U.S., rev den), 79:K1 (4/28/09)
Limited liability companies, LLC members doing business in Ala. not personally liable for nonincome taxes owed, ALJ rules, 91:H4 (5/14/09) Storms and flooding, IRS offers tax relief, 89:G13 (5/12/09); news release, 89:TaxCore (5/12/09)
Ethics case against Stevens (R-Alaska) dismissed, Atty. Gen. Holder cites misconduct by federal prosecutors, 61:A2 (4/2/09); motion granted to dismiss, investigation ordered into conduct of DOJ attorneys (D.D.C.), 65:A1 (4/8/09)
Oil spills, Alaska and federal officials file separate civil complaints against BP Exploration in connection with 2 events on Prudhoe Bay in 2006 (D. Alaska) (Alaska Super. Ct.), 61:A12 (4/2/09) Valdez tax on large vessels docking, Supreme Ct. justices focus on Constitution's tonnage clause (U.S., oral arg), 61:K3 (4/2/09)
Electronic tax payments, TTB outlines EFT procedure, 73:G4 (4/20/09)
Health care reform, tax increase among funding options Senate Finance Chrm. Baucus (D-Mont) presents, 94:GG1 (5/19/09) Ind. statute requires consumers who want direct shipments of wine from any winery, whether in or out of state, to visit that winery (U.S., rev den), 94:A4 (5/19/09) India's import taxes, EU broadens WTO complaint against Indian state taxes, 88:I2 (5/11/09) TTB forms
See TAX FORMS
See also EXPATRIATES
Comprehensive immigration overhaul in 2009, Obama remains committed to starting, aide says, 67:A16 (4/10/09); major overhaul, including path to legalization for undocumented workers, would enhance economic recovery efforts and yield other benefits, speakers say, 69:A18 (4/14/09); AFL-CIO and Change to Win labor federations unveil joint plan to push for comprehensive bill, 70:A19 (4/15/09); no clear consensus exists about how to handle future flow of guestworkers or possible pathway to citizenship for illegal workers, speakers tell Senate Judiciary panel, 82:A34 (5/1/09); DHS Sec'y Napolitano says priorities include enforcing immigration laws in tough, smart and effective manner, and improving E-Verify system, 86:A23 (5/7/09) E-Verify program
Contractor rule postponed by federal government until June 30, 72:A23 (4/17/09)
FY2010 budget, Obama admin. requests $55.1B for DHS, including $112M for E-Verify program, 87:B9 (5/8/09) Mandatory national employee verification process to eventually replace E-Verify H-1B visa program
Cap not yet met for FY2010, with fewer applicants than previous years, DHS Citizenship and Immigration Services says, 66:A29 (4/9/09); number of H-1B guestworkers admitted to U.S. during FY2008 declined by 11 percent, DHS figures show, 69:A18 (4/14/09)
Fraud and abuse prevention
Entries jumped to 173,103 in FY2008, up 85,787 from prior year, DHS statistics show, 69:A18 (4/14/09)
Final rule suspended for 9 months so DOL can re-evaluate, 101:A26 (5/29/09) Recruitment rules, DOL to extend employer transition period for compliance, 71:A24 (4/16/09) Hiring illegal immigrants, DHS issues new enforcement guidelines changing focus to more on criminal prosecution of businesses and less on workplace raids to pick up undocumented workers, 82:A32 (5/1/09) Identity theft, to convict person of aggravated ID theft, federal prosecutors must show that defendant knew that means of identification belonged to another person (U.S., rvs and rem), 84:A23 (5/5/09) Payroll taxes urged for businesses using H-2B visas, Economic Policy Inst., 72:G5 (4/17/09) Statistics on foreign persons' U.S. income available, 75:G8 (4/22/09) Taxpayer ID numbers, more controls needed to ensure proper use, TIGTA also recommends legislation to clarify eligibility for refundable child credits, 72:G1 (4/17/09) Visa application, tax returns not reliable basis for determining employer's ability to hire (7th Cir.), 75:K1 (4/22/09); decision text, 75:TaxCore (4/22/09) Worksite enforcement efforts to be focused on unscrupulous employers rather than on immigrant workers, DHS assistant secretary for Immigration and Customs Enforcement (ICE) nominee Morton tells Senate panel, 76:A39 (4/23/09)
Biofuels
Biodiesel certified under ASTM D6751, IRS extends time for claims through Sept., 63:G2 (4/6/09); Notice 2009-34, 63:TaxCore (4/6/09)
Ethanol
See Ethanol, this heading
Proposed standard, groups ask Obama admin. to release without delay with analysis of emissions resulting from land-use changes from biofuels production, 60:A21 (4/1/09); Carper (D-Del) urges speed on rule to reduce industry uncertainty, 61:A30 (4/2/09); Dems warn land-use changes resulting from biofuels production must be considered, 65:A15 (4/8/09) Renewable fuels, which biofuels qualify under Energy Independence and Security Act, OMB approves EPA proposed rule, 82:A19 (5/1/09); EPA to announce proposed rule, 84:A19 (5/5/09); EPA proposes rule to determine which biofuels qualify under renewable fuels standard, 85:AA1 (5/6/09); House Agriculture Comm. Chrm. Peterson (D-Minn) opposes proposal, vows to withhold support for climate change bill, 86:A28 (5/7/09) UN report says large-scale commercial production of biofuels will have major impact on forests, 66:A23 (4/9/09) Coke, coke gas credit
See OIL AND GAS
Ethanol
Cal. adoption of low-carbon fuel standard will make it difficult to sell grain-based ethanol in state, Renewable Fuels Ass'n president says, 83:A11 (5/4/09)
Content of motor fuels, EPA seeks comment on petition by producers to increase, 72:A13 (4/17/09); EPA says gasoline containing 10 percent ethanol should remain available to serve older vehicles, 89:A23 (5/12/09) Greenhouse gas emissions, ethanol industry criticizes EPA before House Agriculture Comm. for analysis showing that use of corn ethanol yields small, if any, reduction, 97:A13 (5/22/09) Md. adopts new rules for cellulosic ethanol technology tax credit, 72:H2 (4/17/09) Obama says he supports advanced biofuels, but that corn ethanol must remain viable, 101:A17 (5/29/09) Repealing requirement for EPA to analyze carbon dioxide emissions arising indirectly from ethanol production
See MOTOR VEHICLES
Va. producers' credit, tax commissioner clarifies eligibility for production of biodiesel, green diesel fuel, 66:H1 (4/9/09)
Corporations, instructions to Form 4626 changed to reflect ARRA, 69:G2 (4/14/09)
Indexing AMT
See NATIVE AMERICANS
Banking sector
Executive pay limits
See INTERNET
Build America Bond program
See BONDS, TAXABLE
Buy America provisions
Broadband infrastructure, provisions could prove problematic, BNA Special Report, 97:C1 (5/22/09)
Canadian Ambassador to U.S. Wilson says provisions run contrary to pledges of avoiding protectionism, 90:A14 (5/13/09); Canadian Minister of Industry Clement to raise concerns in meetings with U.S. lawmakers and admin. officials, 96:A16 (5/21/09) Interim rules implementing published by DOD, GSA, and NASA, 60:A23 (4/1/09); OMB to issue interim final guidance, 65:A6 (4/8/09); OMB issues guidance, 76:A5 (4/23/09) Water projects, EPA waives provision to allow for refinancing of debt, 64:A16 (4/7/09) Cancellation of debt income
See DEBT
Civil works projects, Army Corps to release list of several thousand that will be funded from $4.6B allotment, 79:A21 (4/28/09); majority of funding going to new projects, Army Corps official says, 81:A23 (4/30/09) COBRA coverage
See HEALTH INSURANCE
Customs and Border Protection Bureau to use $720M to modernize land port of entry facilities, 68:A15 (4/13/09) Energy credits
See RENEWABLE ENERGY
See ENERGY
Environmental reviews for stimulus projects, White House Council on Environmental Quality issues guidelines on how federal agencies can speed up, 84:A19 (5/5/09) Federal agencies making progress in announcing programs and obligating funds, OMB official says, 62:EE5 (4/3/09) Financial Management Service, initial payments flowing, Treasury says, 94:EE9 (5/19/09) Flood control rehabilitation projects in 11 states, USDA to distribute $45M, Sec'y Vilsack says, 64:A15 (4/7/09) Fraud and misuse of funds
DOJ Antitrust Division announces initiative to help government agencies insulate procurement, grant, and program funding processes from collusion and fraud, 90:A9 (5/13/09)
EPA OIG to work with states and local governments to prevent, 75:A8 (4/22/09) Hazardous waste site cleanup
Leaking underground storage tanks (LUST), EPA to distribute $197M for cleanup, 66:A24 (4/9/09); states and territories must submit quarterly performance reports under EPA plan, 97:A11 (5/22/09)
Natl. Institute of Environmental Health Sciences offering stimulus funding to train workers, 71:A25 (4/16/09)
Community health centers, Sec'y Sebelius releases $81.7M to aid, 101:A15 (5/29/09)
Comparative effectiveness research, federal panel hears public comments on how HHS should spend $400M, 71:A11 (4/16/09) Infections (HAIs), $50M provided for state activities to reduce, CDC says, 61:A19 (4/2/09) Information Technology Policy Comm., GAO announces appointment of 13 members to advisory body created by ARRA, 63:A7 (4/6/09); IT funds may entice criminals, cybersecurity representatives say, 77:A15 (4/24/09); CMS to propose rules financial incentives for adoption of electronic health records, 82:A4 (5/1/09); states need strategic plan to take advantage of $19B financial incentives, speakers say, 82:A7 (5/1/09); replacing paper medical records depends heavily on large Medicare and Medicaid payment incentives, 82:A10 (5/1/09); stimulus program expands federal role in HIT implementation push, attorney says, 92:A16 (5/15/09); timetable for HIT adoption may need adjustment, coordinator Blumenthal says, 93:A9 (5/18/09); Office of Natl. Coordinator for HIT and CMS release implementation plans, indicate statutory mandate challenges, 94:A19 (5/19/09) HHS OIG takes on new responsibilities in overseeing how well federal government spends $137B that Congress devoted to health care programs, 80:A4 (4/29/09) High-speed rail
See RAILROADS
See HOUSING
Interior Sec'y Salazar approves $140M to fund 308 projects that fall under jurisdiction of U.S. Geological Survey, 68:A3 (4/13/09) Invasive species management projects, more than $38M to be used, Agriculture Sec'y Vilsack says, 94:A12 (5/19/09) Jobs created or retained as result of receipt of stimulus funds
Construction, Oberstar (D-Minn) says report to show creation of 100,000 new jobs, 96:A8 (5/21/09)
Green jobs training, Labor Sec'y Solis announces $500M, 99:A19 (5/27/09) White House Council of Economic Advisers issues guidelines for estimating and reporting, 89:EE9 (5/12/09) Making Work Pay credit
See EMPLOYMENT TAXES
See MEDICAID
NOL carrybacks, broader relief
See CORPORATE TAXES
Small business provisions
See SMALL BUSINESSES
State and local use of funds, OMB to issue updated guidance to clarify, 77:A4 (4/24/09) Superfund cleanups, EPA announces release of $600M, 71:A22 (4/16/09); Natl. Institute of Environmental Health Sciences offering funding for jobs researching ways to clean up sites, 71:A25 (4/16/09) Tax provisions, Senate Finance Comm. posts summary, 96:G6 (5/21/09); text, 96:TaxCore (5/21/09) Trade adjustment assistance program, Commerce Dep't Economic Development Admin. proposes rules to bring into compliance with ARRA, 84:A23 (5/5/09) Transportation and other infrastructure projects costing less than expected, Obama says, 69:A1 (4/14/09); report says government needs to rethink and improve how it funds and plans projects, 74:A8 (4/21/09); DOT's competitive grant program expected to focus on ports and intermodal projects, Sec'y LaHood says, 81:A7 (4/30/09); Cal. breaks ground on first ARRA-funded project to resurface I-80 near San Francisco, 83:A8 (5/4/09); first contract awarded for construction of $8.7B Hudson River rail tunnel, 93:A3 (5/18/09); competitive grant program to emphasize project's long-term benefits and job creation, advance filing says, 93:A9 (5/18/09); states receiving more than $1B account for more than half of newly created or sustained infrastructure jobs, report finds, 98:A17 (5/26/09); first 6 road projects awarded contracts in Ariz. produce cost savings of $3M, state DOT says, 98:A19 (5/26/09) Unemployment programs
House panel hearing witnesses say provisions will help workers who need it most, 77:EE17 (4/24/09); total of 389,294 workers in 13 states eligible for extended benefits if states pass laws to adopt provision, speakers say, 82:EE1 (5/1/09)
Tax exclusion of benefits
Drinking water systems to receive $2B, but most of that money not going to large metropolitan systems under regulations for state revolving funds, 74:A22 (4/21/09)
EPA Adm'r Jackson outlines progress and challenges in distributing funds, 81:A24 (4/30/09) USDA to award $85M to state and local governments, 72:A12 (4/17/09)
U.S. signs agreement to promote and diversify trade and investment, 95:A9 (5/20/09)
Chinese issues
See CHINA
Continuing Dumping and Subsidy Offset Act (Byrd Amendment), EU to reduce amount of retaliatory duties applied to U.S. imports stemming from WTO dispute, 74:A2 (4/21/09); EU reduces by half U.S. imports targeted for duties, 82:A1 (5/1/09) Indian issues
See INDIA
Polyethylene retail carrier bags from Vietnam, Commerce Dep't initiates countervailing duty probe, 75:A6 (4/22/09); ITC advances AD/CVD cases, 93:A8 (5/18/09) Shrimp alliance in U.S. criticizes CBP's termination of enhanced bonding requirements on imports covered by antidumping or countervailing duty orders, 62:A9 (4/3/09) WTO issues
Airlines
Competitive consequences of monopolization and aggressive conduct by dominant firms, Asst. Atty. Gen. Varney says Bush admin. report no longer represents policy of federal government, 89:A11 (5/12/09) Computer industry Drugs and pharmaceuticals, American Antitrust Institute urges FTC to examine potential effects of mergers of Pfizer-Wyeth and Merck-Schering-Plough on innovation, 69:A4 (4/14/09) Enforcement, current economic crisis does not warrant reduction, Deputy Asst. Atty. Gen. Shapiro says, 94:EE9 (5/19/09) Government contracts Insurance, Conn. Atty. Gen. Blumenthal and Marsh & McLennan resolve their dispute over alleged collusion in steering business to certain insurers that caused increases in insurance rates (Conn. Super. Ct.), 86:A7 (5/7/09) Newspaper industry representatives plead with congressional panel to pass legislation giving it additional exemption from antitrust laws and expedited merger reviews at DOJ, 75:A12 (4/22/09) Rail common carriers application Retail merchandise prices for consumers, House Judiciary panel probes impact of Leegin case, 80:A24 (4/29/09); Senate Judiciary panel considers retail prices and potential legislation, 95:A31 (5/20/09) Software
See SOFTWARE
Defaulting on external debts, including bonds, 2 class actions in shareholder litigation certified against government (S.D.N.Y.), 62:EE7 (4/3/09)
Exporters' refund requests, most originate in transactions that used tax havens, tax official says, 66:I3 (4/9/09) Home appliances and consumer electronics, tax increase proposed, 79:I5 (4/28/09) Tax evasion and capital flight, rulings ban stocks, bonds related to nations lacking tax treaties, 92:I4 (5/15/09)
Copper mining expansion on federal lands as part of land swap
Stimulus funds, first 6 road projects awarded contracts in state produce cost savings of $3M, state DOT says, 98:A19 (5/26/09) Tax amnesty program announced from May through June, 68:H2 (4/13/09) Wetlands, development of planned community of 60,000 west of Phoenix blocked to allow for additional study of adverse impacts (9th Cir.), 81:A21 (4/30/09) Withholding rate, legislature sends governor bill to decouple from federal tax law, 63:H1 (4/6/09); bill signed, prevents revenue loss, 69:H1 (4/14/09)
Energy used in manufacturing, sales tax reduction enacted, 60:H2 (4/1/09)
Historic rehabilitation, tax credit against corporate income, insurance taxes enacted, 70:H2 (4/15/09) Mississippi River delta, legislation expands, makes changes to state's geotourism tax credit, 61:H2 (4/2/09) Motion pictures and digital productions, legislation creates tax credit, 86:H2 (5/7/09) Storms and flooding in Apr., IRS provides tax relief, 82:G1 (5/1/09); news release, 82:TaxCore (5/1/09); counties in disaster area, correction, 84:G6 (5/5/09)
See also specific countries
APEC forum, USTR Kirk and Japanese Trade Minister Nikai agree to work closely together to strengthen regional integration and promote economic recovery, 84:A7 (5/5/09) Economic outlook, IMF economist warns recovery not assured, momentum very weak, 60:EE16 (4/1/09); growth to slow sharply to 1.3 percent in 2009, with modest recovery in 2010, IMF predicts, 85:EE3 (5/6/09) Trans-Pacific Partnership agreement, USTR Kirk to meet with New Zealand Trade Minister Groser to discuss, 89:A13 (5/12/09); Kirk says TPP would be baseline for U.S. negotiations in region, 95:A17 (5/20/09)
Attorney-client privilege
Alleged breach by attorney to receive compensation from IRS, discovery requests allowed (S.D. Tex.), 88:K1 (5/11/09); decision text, 88:TaxCore (5/11/09)
Auditor requests that do not conform with ABA's policy, benefit attorneys run risk of violating attorney-client or work-product privilege when commenting, panelists say, 100:EE8 (5/28/09) Broadcom ruling on privilege serves as warning to attorneys and prosecutors, observers say (C.D. Cal.), 70:K2 (4/15/09) Textron's in-house counsel, amicus brief supports work-products rights (1st Cir.), 78:K5 (4/27/09); U.S. Chamber, Ass'n of Corporate Counsel brief, 78:TaxCore (4/27/09) N.Y., revised ethics code for lawyers adopted by state courts system raises number of issues for corporate counsel in conducting in-house investigations, attorneys say, 88:A15 (5/11/09) South Korea brings legal services market in line with global standards, country will recognize foreign legal consultants, 72:A7 (4/17/09) Tex. limit on attorneys' fees in tax appraisal challenges upheld (Tex. App.), 90:K1 (5/13/09); decision text, 90:TaxCore (5/13/09)
See TAX AUDITS
Beef treated with growth-promoting hormones, Australia seeks urgent talks with EU to ensure that agreement with U.S. does not disadvantage Australian producers, 96:A8 (5/21/09)
Budget provides $16.9B for infrastructure projects to aid economy, 91:EE5 (5/14/09); changes to several tax breaks introduced, and deduction for small businesses increased, 91:I2 (5/14/09) Climate change, plans for cap-and-trade scheme uncertain as opposition alliance urges delay, 99:A6 (5/27/09) Consolidated groups, draft tax bill released, 81:I1 (4/30/09)
European Comm'n challenges law requiring Austrian fiscal representative, 93:I3 (5/18/09)
See MOTOR VEHICLES
Special economic zones, parliament passes bill with tax exemptions, 70:I1 (4/15/09)
Swine flu concerns, Agriculture Ministry bans imports of all meat products from North and South America, 80:A2 (4/29/09) Value-added tax, Azerbaijan adopts VAT exemption, outlines planned reduction in tax on corporate profits, 85:I1 (5/6/09) WTO accession, State Customs Comm. considers plan to replace current multilayer system of custom tariffs by 3-layer system, 66:A5 (4/9/09); Azerbaijan says multilateral talks planned for June, 93:A3 (5/18/09) Contact the Webmaster at webmaster@bna.com Copyright © The Bureau of National Affairs, Inc. All Rights Reserved. |