Daily Report for Executives Index-Summary

VENEZUELA

– McDonald's restaurants closed by tax agency, 198:I–1 (10/14/08)

VIETNAM

– Catfish, federal jury finds 2 Va. men guilty of conspiring to mislabel to avoid federal import tariffs (C.D. Cal.), 211:A–20 (10/31/08)
– Innerspring units from South Africa and Vietnam dumped in U.S., Commerce Dep't determines, 200:A–5 (10/16/08); ITC finds that U.S. industry materially injured by imports, paving way for imposition of duties, 227:A–4 (11/25/08)
– Senate Finance Comm. Chrm. Baucus (D-Mont) urges opening of market to U.S. beef exports from cattle over 30 months in age, and compliance with labor rights criteria to allow U.S. to grant trade preferences, 244:A–4 (12/19/08)
– Textiles, Commerce Dep't discovers no dumping in final review, 226:A–27 (11/24/08)

VIEWPOINT

– Attorneys, employee classification determinations in cases involving “of counsel” lawyers, Viewpoint, 246:J–1 (12/23/08)
– Capital gains

See CAPITAL GAINS AND LOSSES

– Corporate reorganizations

– – Bank of America's Merrill Lynch acquisition intended to qualify as reorganization, Viewpoint, 192:J–1 (10/3/08); DOJ closes review, allowing merger plan to go forward, 201:A–25 (10/17/08)
– – Outbound reorganizations, IRS offers long-awaited guidance, 199:J–1 (10/15/08)
– – Transfer pricing, OECD's draft report addresses business restructuring issues, 210:J–1 (10/30/08)

– Damage awards

– – Qualified settlement funds, 10 things I love about QSFs, 231:J–1 (12/2/08)
– – Top 10 tax developments impacting litigation recoveries, 214:J–1 (11/5/08)

– Executive compensation, restrictions enacted in Emergency Economic Stabilization Act, 196:J–1 (10/9/08); new rules prohibit deferral of compensation paid to U.S. managers by offshore hedge funds, 198:J–1 (10/14/08); §457 impacts compensation of offshore fund managers, 243:J–1 (12/18/08)
– Foreign base company services, modernization required for treatment of performance guarantees under pending IRS regulations, 245:J–1 (12/22/08)
– Inventory exception, who is entitled to relief from tax overpayments?, 248:J–1 (12/29/08)
– IRS interest computations have high error rates, reviews offer low risk/high reward opportunities for companies, 209:J–1 (10/29/08)
– Loss corporations

– – Capital contributions can affect usage of net operating losses, 213:J–1 (11/4/08)
– – HR 7300 premised on “separation of powers,” 242:J–1 (12/17/08)

– Northern Mariana Islands, immigration law inadvertently resolved employment tax limbo, 224:J–1 (11/20/08)
– Offshore accounts, IRS proposal would tighten qualified intermediary requirements, 230:J–1 (12/1/08)
– State taxes, litigation and leading issues for 2008, MTA Chrm. Frankel reviews, 212:J–1 (11/3/08)
– Stock losses, opportunity still exists in applying wash sale rules to short sales, 220:J–1 (11/14/08)
– Stock options

– – Determining what qualifies as “option” often critical, 249:J–1 (12/30/08)
– – Wash sales, options can cause confusion when applying rules, 218:J–1 (11/12/08)

VIRGINIA

– Apportionment, Assembly panel backs single sales factor for firms that pay well, 226:H–1 (11/24/08)
– Broadcasting computer equipment and services exempt from tax, 194:H–1 (10/7/08)
– Budget shortfall, governor urges lawmakers to boost tobacco taxes, end retailer discount, halve conservation credit, 243:H–1 (12/18/08)
– Delivery activities may create corporate income tax nexus, tax dep't advises, 193:H–1 (10/6/08)
– Legislation, bills prefiled on driving-related taxes, medical volunteers, sales tax exemptions, 250:H–1 (12/31/08)
– Oil and gas, Minerals Management Service takes first step in what will be lengthy and unpredictable process for conducting lease sale off coast, 219:A–23 (11/13/08)
– Spam, Va. law too broad, misapplied prevailing overbreadth doctrine, and should be reevaluated, state Atty. Gen. McDonnell says (U.S., rev sought), 239:A–11 (12/12/08)
– Tex. revised franchise tax not income-based tax subject to addback, revenue dep't finds, 194:H–1 (10/7/08)
– Web-based educational services, tax dep't rules on licensing, 214:H–2 (11/5/08)