Daily Report for Executives Index-Summary

UAE

UKRAINE

– Corporate tax audits to continue, despite earlier decree, 193:I–1 (10/8/09)
– Derivatives trades, parliament declines to terminate VAT exemption, 197:I–1 (10/15/09)
– Foreign firms' liability for profit tax, guidance issued, 190:I–2 (10/5/09)
– Land tax matters, guidance issued, 196:I–3 (10/14/09); earlier guidance on land title registration procedures corrected, 207:I–1 (10/29/09)
– Tax invoice registration requirement annulled by government decree, 208:I–2 (10/30/09)
– Tobacco products, parliament approves tax increase, 204:I–1 (10/26/09)
– VAT invoices, refunds, and procedures, tax agency issues guidance, 200:I–1 (10/20/09)

UNEMPLOYMENT

See EMPLOYMENT AND UNEMPLOYMENT

UNEMPLOYMENT INSURANCE

– Benefits extension, funding

See LEGISLATION, FEDERAL, HR 3548

– Extension of benefits, Senate expected to consider alternative legislation week of Oct. 5, 190:EE–17 (10/5/09)
– Initial claims, DOL report, 189:EE–3 (10/2/09); 194:EE–1 (10/9/09); 198:EE–3 (10/16/09); 203:EE–1 (10/23/09); 208:EE–3 (10/30/09); text of data, 189:E–11 (10/2/09); 194:E–1 (10/9/09); 198:E–12 (10/16/09); 203:E–1 (10/23/09); 208:E–9 (10/30/09)
– Md. employers brace for automatic rate hike in 2010, 191:H–1 (10/6/09)
– Nev. advisory panel recommends no change in employer tax rate for 2010, 195:H–3 (10/13/09)

UNITED ARAB EMIRATES (UAE)

– Nuclear cooperation agreement expected to take effect week of Oct. 26, 203:A–1 (10/23/09)

UNITED KINGDOM (UK)

– Banking

– – Credit and recapitalization scheme, EC approves extension as meeting EU state-aid limitations, 196:EE–4 (10/14/09)
– – Housing loan guarantee plan extension approved by EC, 206:EE–2 (10/28/09)
– – Liquidity requirements, Financial Services Authority issues rules, 192:EE–10 (10/7/09)
– – Northern Rock restructuring plan with “good bank” and “bad bank,” and reduced market presence approved by EC, 207:EE–4 (10/29/09)
– – Splitting core aspects of banking from riskier elements called for by Bank of England governor, 202:EE–10 (10/22/09)

– Charitable donations, tax agency publishes draft proposal on credit restriction, 196:I–1 (10/14/09)
– Corporate tax rewrite, comments sought on amendments, 202:I–3 (10/22/09)
– Debt buyback, tax agency issues rules to head off abuse of relief concession, 203:I–3 (10/23/09)
– Domicile, HMRC warns telecommunications companies, internet providers over sham domicile moves, 191:I–2 (10/6/09)
– Foreign profits, comments sought on reporting requirements, 196:I–1 (10/14/09); tax agency releases further legislation in foreign profits tax review, 201:I–6 (10/21/09)
– Game machine Stacker, tax agency publishes draft proposal, 196:I–1 (10/14/09)
– Interest rate maintained at 0.5 percent, Bank of England continues $277B money printing plan, 195:EE–8 (10/13/09)
– Investment trusts, HMRC seeks comments on “securities” definition in draft rules, 193:I–2 (10/8/09)
– Offshore accounts

– – Disclosures, tax agency launches web portal for, 190:I–2 (10/5/09)
– – Investment funds, comments on tax guidance sought, 190:I–3 (10/5/09); tax agency sends rules to Parliament, 200:I–2 (10/20/09)

– Opera company tribunal win prompts HMRC policy change on production costs, 196:I–2 (10/14/09)
– Postal services, tax agency to reassess scope of VAT exemption, 200:I–3 (10/20/09)
– Residential services, ECJ ruling leaves UK VAT treatment unchanged, HMRC says, 208:I–4 (10/30/09)
– Securities transactions

– – ECJ ruling on stamp taxes leaves UK government rushing to plug loophole, 189:I–3 (10/2/09); HMRC clarifies application of stamp duty, SDRT, 204:I–2 (10/26/09)
– – Manufactured interest, UK sheds tax credit relief on certain payments, 204:I–2 (10/26/09)

– Service industry, tax agency issues guidance for employers on gratuities, minimum wage, 189:I–2 (10/2/09)
– Subsidiary losses, European Comm'n files proceeding to enforce Marks & Spencer cross-border relief ruling (ECJ), 194:I–1 (10/9/09)
– Tax avoidance, government announces measures to counter avoidance using sideways loss relief, 204:I–2 (10/26/09)
– Tax reform, HMRC responds to comments on investment trusts, income tax repeal, 191:I–2 (10/6/09)

UNIVERSITIES

See COLLEGES AND UNIVERSITIES

URUGUAY

– Liquor imports, EU drops WTO trade threat as Uruguay revamps tax, 191:I–3 (10/6/09)

U.S. POSSESSIONS

See specific territories

USDA

See AGRICULTURE DEPARTMENT (USDA)

USTR

See TRADE REPRESENTATIVE, U.S. (USTR)

UTAH

– Hazardous waste, Utah man gets 20-year prison term for dumping pollutants and assaulting officers (S.D. Fla.), 197:A–28 (10/15/09)
– Passthrough entities, withholding tax rules take effect, 199:H–2 (10/19/09)

UTILITIES

– Ark., EPA agrees to review power plant operating permit to settle lawsuit (D.D.C.), 192:A–27 (10/7/09)
– Build America Bond program

See BONDS, TAXABLE

– Coal combustion waste

– – American Electric Power's coal-ash impoundment in W. Va. needs further safety testing, EPA says, 208:A–24 (10/30/09)
– – Regulating coal ash as hazardous waste would cost states millions, survey indicates, 208:A–11 (10/30/09)
– – TVA power plant spill, part of Emory River in Tenn. to remain closed through Feb. 2010 for removal of ash, 195:A–9 (10/13/09); comment sought on restoration plan for several areas at spill site, 202:A–30 (10/22/09)
– – White House reviewing EPA proposal to regulate coal residue from power plants, 200:A–20 (10/20/09)

– Consolidated Edison's lease-in, lease-out activities, deductions upheld (Fed. Cl.), 203:K–2 (10/23/09); decision text, 203:TaxCore (10/23/09)
– Emissions

– – Appeal by environmental groups of decision that found proposed Ga. coal-fired power plant not required to limit carbon dioxide emissions denied (Ga.), 189:A–15 (10/2/09)
– – Mercury

– – – EPA to propose technology-based standards to control emissions from power plants (D.D.C.), 204:A–21 (10/26/09)
– – – Mich. Dep't of Environmental Quality issues final rules that require coal-fired power plants to take steps to limit emissions, 200:A–16 (10/20/09)

– – Sorbent injection systems have achieved average of 90 percent reductions in mercury emissions from coal-fired power plants, GAO report, 194:A–24 (10/9/09)

– Emissions trading, tax

See CLIMATE CHANGE

– Ky., EPA agrees to review power plant operating permit to settle lawsuit (D.D.C.), 192:A–27 (10/7/09)
– Nuclear industry incentives

See LEGISLATION, FEDERAL, S 1733

– Renewable source electricity

See RENEWABLE ENERGY

– Transmission grid

– – Cybersecurity

See LEGISLATION, FEDERAL, HR 2165, HR 2195

– – N.M. hub would be first to link 3 major electricity grids, 199:A–14 (10/19/09)
– – Obama announces $3.4B in funding to modernize system, 206:A–16 (10/28/09)
– – Siting new lines on federal lands, 9 federal agencies release agreement that federal officials say will reduce time for regulatory approvals, 207:A–9 (10/29/09)
– – Western states seek interstate process to better coordinate siting of transmission lines, 207:A–25 (10/29/09)

– Water pollution, Markey (D-Mass) seeks more information from EPA on issues related to power plant discharges, 199:A–22 (10/19/09)