Daily Tax Report Index-Summary

ACCOUNTING

– Audit processes and issues, CAQ issues new guide, 87:G–6 (5/8/09)
– Audit quality

– – Audit confirmations, PCAOB to revisit standard, 67:G–6 (4/10/09); scandals, technology spur PCAOB to mull revisions to audit confirmation standard, 70:G–7 (4/15/09)
– – PCAOB advisors provide input for guidance, 63:G–7 (4/6/09)

– Boards and advisory groups

See ACCOUNTING BOARDS

– Business combinations

See MERGERS AND ACQUISITIONS

– Cap Gemini stock, Ernst & Young cases

See CAPITAL GAINS AND LOSSES

– Conceptual framework, FASB drafts guidance on objective and qualitative characteristics of reporting, 63:G–1 (4/6/09); IASB agrees to comment period on reporting entity document, 97:I–1 (5/22/09)
– Convergence, U.S. use of IFRS

See U.S. adoption of IFRS, this heading

– Derivatives

See DERIVATIVES

– Emissions trading, FASB to revisit measurement issues, 66:G–2 (4/9/09)
– Fair-value measurement

– – Bank regulator Basel Comm. issues new guidelines for financial instruments, 71:I–3 (4/16/09)
– – Banking and insurance groups again criticize fair value, OTTI accounting in letter to lawmakers, 92:G–3 (5/15/09)
– – Capital Markets Regulation Comm. urges FASB, IASB to review, improve standard, 99:G–5 (5/27/09)
– – Chamber of Commerce seeks PCAOB guidance on FAS 157 following FASB changes, Council of Inst. Investors calls for better enforcement, 70:G–1 (4/15/09)
– – Crucial valuation processes for bank rescues still undecided, BNA Analysis & Perspective, 74:J–1 (4/21/09)
– – EU finance ministers want IASB to adopt recent FASB rule changes, 63:I–3 (4/6/09); tension between EU and IASB flares with rejection of immediate changes after FASB revisions, 79:I–4 (4/28/09); finance ministers delay response until June meeting, 85:I–4 (5/6/09); pressure on IASB continues, 88:I–1 (5/11/09); EU wrestles with commitment to IFRS, retreat to EU accounting regime, 99:I–1 (5/27/09)
– – FASB approves staff guidance on fair value, impairment effective for second quarter, 62:GG–1 (4/3/09); FASB issues final staff positions on mark-to-market accounting, impairments, 67:GG–1 (4/10/09); mainly praise for guidance, continued doubts, criticism of OTTI changes, 67:GG–2 (4/10/09); FASB eyes third-quarter release on enhanced disclosures of fair value, 77:G–2 (4/24/09); Chrm. Herz defends board's process in issuing guidance, 82:G–2 (5/1/09); FASB to delay release of rules as board tests beefed-up disclosures, 100:G–4 (5/28/09)
– – Goldman's Blankfein says more companies should have used fair value, 65:G–3 (4/8/09)
– – Hedge, private equity fund investments, FASB exploring possible fair value guidance, 84:G–4 (5/5/09); FASB to issue draft guidance by May 22, focus on pension funds and university endowments, 86:G–3 (5/7/09)
– – House Financial Services Comm. hearing on fair value, Bachus (R-Ala.) seeks, 84:G–3 (5/5/09)
– – IASB agrees draft on fair value exposure will include disclosures on U.S. standards, 77:I–2 (4/24/09); IASB declines to amend IFRS to match FASB changes on OTTIs, fair value, 78:I–3 (4/27/09); IASB releases draft standard for public comment, 101:I–1 (5/29/09)
– – Investor advocates, security analysts slam FASB on fair value, impairment proposals, 61:G–6 (4/2/09)
– – PCAOB staff issues auditor “practice alert” in wake of FASB fair value, OTTI guidance, 76:G–6 (4/23/09)

– Financial crisis

– – Advisory group's debate reveals conflicting issues, scale of task for FASB, IASB, 75:I–1 (4/22/09); IASB, FASB advisers urge political restraint on accounting changes, 81:I–1 (4/30/09); FCAG co-Chrm. Goldschmid says pressure on IASB threatens global standards project, 100:I–3 (5/28/09)
– – AICPA endorses key legislative ideas to reform financial regulatory system, 79:G–5 (4/28/09)
– – Bank regulators should accommodate provisioning for bad times, Grant Thornton suggests, 89:G–11 (5/12/09)
– – G-20 leaders agree to pursue range of reforms, 62:I–2 (4/3/09); IASB committed to progress on G-20 plan, 65:I–2 (4/8/09)
– – Impairment of debt securities, FASB guidance

See DEBT

– – Mark-to-market rules

See Fair-value measurement, this heading

– – Short-term fixes for risk derailing wider review, IASB Chrm. Tweedie warns, 74:I–3 (4/21/09)
– – U.S. adoption of IFRS, support waning due to financial crisis, economy, BNA Analysis & Perspective, 62:J–1 (4/3/09)

– Financial instruments

– – Credit risk, IASB will seek constituent views on staff research paper, 96:I–1 (5/21/09)
– – Debt instruments

See DEBT

– – Derecognition model, IASB proffers changes as response to market turmoil, global crisis, 60:I–1 (4/1/09); IASB confirms plans to replace IAS 39 within 6 months, 65:I–2 (4/8/09); IASB publishes annual standard changes, 72:I–2 (4/17/09); minority approach would bring greater derecognition, IASB staff say, 100:I–5 (5/28/09)
– – Fair-market alternative, FASB, IASB could release proposals by late 2009, 60:G–5 (4/1/09); IASB members debate practicalities, application of discounted cash-flows model, 85:I–2 (5/6/09); FASB mulls “current value” method, 86:G–1 (5/7/09)
– – Mark-to-market rules

See Fair-value measurement, this heading

– – Political pressure on standards setters, FCAG co-Chrm. Goldschmid, FASB Chrm. Herz, and IASB Chrm. Tweedie discuss impacts, 100:I–3 (5/28/09)
– – Securitization issues

See Securitization and consolidation, this heading

– – “Significant or prolonged” impairments, IFRIC to pursue enhanced due process on agenda decision, 88:I–3 (5/11/09)

– Financial statements

– – Consolidated statements, FASB to clarify Statement 160 provisions on partial sale, deconsolidation, 81:G–2 (4/30/09)
– – Interactive data

– – – IASCF seeks comments on XBRL handbook, 63:I–3 (4/6/09)
– – – SEC sets seminar on preparing financials in XBRL, 96:G–6 (5/21/09)

– – Interim reporting, IASB to shore up interim disclosure rules under quick-fix annual amendment process, 97:I–1 (5/22/09)
– – Management commentary, IASB approves giving normal due process to proposal, 79:I–3 (4/28/09)
– – Preparers voice concerns about presentation proposals, 61:I–2 (4/2/09)
– – Subsequent events, FASB issues new standard FAS 165, 101:G–2 (5/29/09)

– Fraud

– – Apogee Tech, 2 officers settle SEC earnings inflation charges (D. Mass.), 95:K–4 (5/20/09)
– – Audit firm liability

See Professional liability, this heading

– – Backdated stock options

See STOCK OPTION BACKDATING

– – Cardinal Health former executives settle SEC charges of scheme to inflate revenue (S.D.N.Y.), 100:K–2 (5/28/09)
– – General Re's former CFO sentenced for role in manipulating AIG's financial statements (D. Conn.), 62:K–2 (4/3/09); former senior executive sentenced, 82:K–2 (5/1/09)
– – National Century former executives given lengthy prison terms (S.D. Ohio), 60:K–1 (4/1/09)

– GAAP codification likely effective July 1, FASB technical director says, 83:G–5 (5/4/09); codification flies under profession's radar, BNA Analysis & Perspective, 94:J–1 (5/19/09)
– Going concern, PCAOB urged by advisors to wait for FASB on more guidance, 63:G–7 (4/6/09)
– Governments, GASB guidance

See STATE AND LOCAL GOVERNMENT

– Inspections of audit firms

– – Deloitte & Touche and KPMG Canada unit, PCAOB finds significant deficiencies, 75:G–5 (4/22/09)
– – Ernst & Young, PCAOB identifies deficiencies in annual inspection, 99:G–2 (5/27/09)
– – Foreign firms

– – – PCAOB releases list of registered firms it plans to inspect this year, 65:G–2 (4/8/09)
– – – SEC seeks comment on PCAOB proposal to delay some foreign inspections, 80:G–3 (4/29/09); Acting Chief Accountant Kroeker discusses issues, 83:G–4 (5/4/09)

– – McGladrey & Pullen and Crowe Horwath, PCAOB finds audit deficiencies at 2 top-10 firms, 87:G–3 (5/8/09)

– Insurance contracts

– – Acquisition costs, liabilities, FASB continues deliberations, 94:G–3 (5/19/09)
– – Cash flows, FASB works on guidance, 62:G–3 (4/3/09)

– Internal controls, CAQ to hold Webcast for auditors, 100:G–6 (5/28/09)
– International standards

– – Cash equivalents, IFRIC declines to develop guidance, 88:I–4 (5/11/09)
– – Chemical safety, IFRIC declines to develop guidance on REACH scheme's compliance costs, 87:I–2 (5/8/09)
– – Discontinued operations, IASB asks staff to consult REITs, others on disclosures, 79:I–3 (4/28/09)
– – Financial instruments, derecognition

See Financial instruments, this heading

– – First-time adoption, IASB clears staff to begin balloting on IFRS 1 extractive industries amendment, 77:I–2 (4/24/09)
– – Free online access, IASB announces for financial reporting standards' core text, 74:I–3 (4/21/09)
– – Income tax reporting

See Uncertain tax positions, this heading

– – Joint ventures, IASB refines proposals after constituent input, 96:I–2 (5/21/09)
– – Mergers, IFRIC rejects constituent requests for guidance, 88:I–3 (5/11/09)
– – Share-based payments, IASB tells project staff to publish amendment, 78:I–4 (4/27/09)
– – Venture capital consolidations, fair value guidance requests turned down by IFRIC, 87:I–2 (5/8/09)

– Inventories

See INVENTORIES

– Leases, FASB discusses right-of-use model, 94:G–3 (5/19/09)
– Nonprofit mergers and acquisitions, FASB issue new standard, 98:G–5 (5/26/09)
– Off-balance-sheet activities

See Securitizations and consolidations, this heading

– Pension plans

See PENSIONS

– Professional conduct

– – Client tax evasion, accounting firm partner indicted for assisting (D.N.J.), 61:K–4 (4/2/09)
– – CPA's discharge did not violate whistleblower protections of Sarbanes-Oxley Act (U.S., rev den), 74:K–1 (4/21/09)
– – Swiss bank tax scheme, Fla. accountant first to face charges based on information provided by UBS (S.D. Fla.), 62:K–1 (4/3/09); text of complaint, 62:TaxCore (4/3/09)

– Professional liability

– – Investor's suit against auditors of failed real estate firm remanded to state court (S.D. Fla.), 86:K–2 (5/7/09)
– – New Century sues KPMG for $1B, citing bad audits, KPMG disputes allegations (Cal. Super. Ct.)(S.D.N.Y.), 61:K–1 (4/2/09)
– – Tax advice on stock redemption, PwC's motion for summary judgment in malpractice case denied (N.Y. Sup. Ct.), 96:K–1 (5/21/09); decision text, 96:TaxCore (5/21/09)

– Quality of audits

See Audit quality, this heading

– Revenue recognition

– – FASB hammers out more issues for exposure draft, 61:G–1 (4/2/09)
– – IASB proposal, PwC practitioners examine initial recognition differences, Viewpoint, 99:J–1 (5/27/09)

– Russian tax cases against audit firms

See RUSSIA

– Securities, IASB votes to temporarily halt earnings per share project, 76:I–2 (4/23/09)
– Securitizations and consolidations

– – Bank regulators, FASB collaborating on off-balance sheet guidance, Chrm. Herz says, 96:G–1 (5/21/09)
– – FASB tackles disclosures, other topics, 62:G–8 (4/3/09); FASB makes progress on more issues in pending VIEs consolidations effort, 66:G–4 (4/9/09); FASB to issue final rules by June, 71:G–2 (4/16/09); FASB moves to final drafting of amended rules on off-balance-sheet activities, 94:G–4 (5/19/09)
– – IASB to hold June roundtables on consolidations, derecognition, 75:I–2 (4/22/09); IASB adopts 2-stage strategy to complete consolidations project, 95:I–3 (5/20/09)
– – SEC Acting Chief Accountant discusses prominent accounting issues, 83:G–4 (5/4/09)

– Tax shelter litigation

See TAX SHELTERS

– Uncertain tax positions

– – IASB proposes new standard to provide more clarity, consistent reporting of income taxes, 60:I–3 (4/1/09)
– – Nonpublic entities, Deloitte official discusses deferral, 60:G–11 (4/1/09)
– – Passthrough and exempt entities, FASB expects to issue GAAP on FIN 48 by June, 71:G–2 (4/16/09); FASB seeks comments on key issues, 94:G–1 (5/19/09)
– – PwC panelists say IASB proposal to require complex calculations, 75:I–3 (4/22/09); PwC compares proposal with current guidance in IAS 12 and FAS 109, Viewpoint, 93:J–1 (5/18/09); tax basis, proposed changes, questions to consider, Viewpoint, 96:J–1 (5/21/09); initial recognition differences, Viewpoint, 99:J–1 (5/27/09)

– U.S. adoption of IFRS

– – Am. Enterprise Inst. says companies should decide on transition from GAAP to IFRS, 86:I–2 (5/7/09)
– – Comment letters provide few clues on ultimate SEC decision on IFRS use, 67:I–2 (4/10/09); SEC disappointed with low response, 82:G–2 (5/1/09); commenters address details of IFRS adoption, support weak, BNA Analysis & Perspective, 85:J–1 (5/6/09)
– – Congress unlikely to allow foreign body as sole U.S. accounting standard setter, FASB consultant says, 60:G–9 (4/1/09)
– – Credit crisis might have put IFRS on back burner, SEC's Erhardt says, 83:G–2 (5/4/09)
– – European Union requires report on IFRS “roadmaps,” 88:I–1 (5/11/09)
– – Income tax accounting issues, PwC articles

See Uncertain tax positions, this heading

– – IRS readiness for IFRS conversion should be key milestone, TEI urges SEC to consider postponement, 76:G–3 (4/23/09)
– – Professionals admit they need knowledge or expertise with IFRS, AICPA survey, 93:I–2 (5/18/09)
– – S&P conference, panelists seek SEC date for mandate, others urge caution, 93:G–3 (5/18/09)
– – Support waning due to financial crisis, economy, BNA Analysis & Perspective, 62:J–1 (4/3/09)

– Variable interest entities

See Securitizations and consolidations, this heading

ACCOUNTING BOARDS

– FAF moves to cut costs as sources of funding hit by financial crisis, 98:G–1 (5/26/09)
– FASB-IASB crisis advisory group

See ACCOUNTING, subheading: Financial crisis

– GASB members, Sundstrom to join, FAF trustees announce, 97:G–11 (5/22/09)
– IASB, Brazilian bank regulator de Oliveira Gomes to serve 5-year term, 82:I–1 (5/1/09)
– IASCF

– – Budget surplus expected in 2009, long-term funding of IASB uncertain, 73:I–1 (4/20/09)
– – Interpretations panel, trustees announce new IFRIC member, 3 continuing appointments, 85:I–2 (5/6/09)
– – Monitoring board, EU Comm'r McCreevy reveals plan to “consult” European Parliament on trustee selection, 61:I–3 (4/2/09); European Union approves funding for IASCF, EFRAG, and PIOB, 88:I–1 (5/11/09)
– – U.S. analysts appointed to IASCF board, 97:I–3 (5/22/09)

– PCAOB

See PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD (PCAOB)

– Security protocol, FASB to require visitor preregistration, tightens security following hostile letters, 84:G–2 (5/5/09)

ADVANCE PRICING AGREEMENTS (APAs)

– IRS reports on APA applications, completed agreements in 2008, 60:G–6 (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:G–6 (5/6/09); FY2009 2nd quarter report, 85:TaxCore (5/6/09)

ADVERTISING

– Cal. SBOE rules in-state employee's solicitation of print advertising sales creates nexus for Va. media firm, 81:H–1 (4/30/09)
– Direct mail, SSUTA panel recommends revised definition, 82:H–4 (5/1/09); governing board makes breakthrough in direct mail issues, 91:H–2 (5/14/09)
– Mailed ad coupons could be taxed as periodicals (Wash. Ct. App.), 86:K–1 (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:H–3 (4/24/09)

AGRICULTURE

– Biofuels

See ALTERNATIVE FUELS

– Chemicals security credit, OMB asked to review new tax credit form, 79:G–6 (4/28/09)
– Cuba, U.S. trade bill

See LEGISLATION, FEDERAL, S 1089

AIR TRANSPORTATION

– Airport and Airway Trust Fund, Rangel (D-NY) sets hearing on financial status, 82:G–8 (5/1/09); JCT background report, 84:TaxCore (5/5/09)
– British revenue agency updates guidance on air passenger duty, 93:I–3 (5/18/09)
– Cuba, U.S. flights

See LEGISLATION, FEDERAL, S 1089

– Fuel tax hike

See LEGISLATION, FEDERAL, HR 915

– Hanger not included in aircraft equipment storage exemption (Tex. App.), 74:K–2 (4/21/09); decision text, 74:TaxCore (4/21/09)
– Pinnacle Airlines agrees to pay $3M to settle income tax issues, SEC filing, 63:G–5 (4/6/09)
– Taxes, 6-month extension

See LEGISLATION, FEDERAL, HR 1512*

ALABAMA

– “Add-back” tax statute does not violate Commerce Clause (U.S., rev den), 79:K–1 (4/28/09)
– Limited liability companies, LLC members doing business in Ala. not personally liable for nonincome taxes owed, ALJ rules, 91:H–4 (5/14/09)
– Storms and flooding, IRS offers tax relief, 89:G–13 (5/12/09); news release, 89:TaxCore (5/12/09)

ALASKA

– Valdez tax on large vessels docking, Supreme Ct. justices focus on Constitution's tonnage clause (U.S., oral arg), 61:K–3 (4/2/09)

ALCOHOLIC BEVERAGE INDUSTRY

– Electronic tax payments, TTB outlines EFT procedure, 73:G–4 (4/20/09)
– Health care reform, tax increase among funding options Senate Finance Chrm. Baucus (D-Mont) presents, 94:GG–1 (5/19/09)
– India's import taxes, EU broadens WTO complaint against Indian state taxes, 88:I–2 (5/11/09)
– TTB forms

See TAX FORMS

ALIENS

See also EXPATRIATES
– Payroll taxes urged for businesses using H-2B visas, Economic Policy Inst., 72:G–5 (4/17/09)
– Statistics on foreign persons' U.S. income available, 75:G–8 (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:G–1 (4/17/09)
– Visa application, tax returns not reliable basis for determining employer's ability to hire (7th Cir.), 75:K–1 (4/22/09); decision text, 75:TaxCore (4/22/09)

ALTERNATIVE FUELS

– Biodiesel certified under ASTM D6751, IRS extends time for claims through Sept., 63:G–2 (4/6/09); Notice 2009-34, 63:TaxCore (4/6/09)
– “Black liquor,” Baucus (D-Mont) pledges to end tax credit for paper companies, 77:G–4 (4/24/09); administration's budget request proposes repeal of loophole, 89:GG–1 (5/12/09); U.S. trading partners urge Congress to close tax loophole, 97:G–6 (5/22/09); letter to congressional tax leaders from EU, Brazil, Canada, and Chile, 97:TaxCore (5/22/09)
– Coke, coke gas credit

See OIL AND GAS

– Credit extension, Dorgan (D-ND) and Voinovich (D-Ohio) unveil bill, 61:G–10 (4/2/09); further action, see LEGISLATION, FEDERAL, S 774
– Md. adopts new rules for cellulosic ethanol technology tax credit, 72:H–2 (4/17/09)
– Natural gas vehicles

See MOTOR VEHICLES

– Va. producers' credit, tax commissioner clarifies eligibility for production of biodiesel, green diesel fuel, 66:H–1 (4/9/09)

ALTERNATIVE MINIMUM TAX (AMT)

– Corporations, instructions to Form 4626 changed to reflect ARRA, 69:G–2 (4/14/09)
– Indexing AMT

See LEGISLATION, FEDERAL, S 722

– Relief, budget resolutions

See LEGISLATION, FEDERAL, HConRes 85, SConRes 13

– 2008, 2009 tax years, IRS outlines changes online, 85:G–2 (5/6/09); report corrected, 87:G–6 (5/8/09); IRS notice, 87:TaxCore (5/8/09)

AMERICAN INDIANS

See NATIVE AMERICANS

AMERICAN RECOVERY AND REINVESTMENT ACT (ARRA)

– Banking sector

– – Executive pay limits

See EXECUTIVE COMPENSATION

– – Tax provisions in ARRA specific to financial institutions, Viewpoint, 64:J–1 (4/7/09)

– Build America Bond program

See BONDS, TAXABLE

– Business elections and credits, IRS offers guidance online, 83:G–1 (5/4/09)
– Cancellation of debt income

See DEBT

– Cash assistance, tax credits, government launches recovery Web site to show where ARRA funds go, 94:G–1 (5/19/09)
– COBRA coverage

See HEALTH INSURANCE

– Energy credits

See RENEWABLE ENERGY

– Housing credit changes

See HOUSING

– Making Work Pay credit

See EMPLOYMENT TAXES

– NOL carrybacks, broader relief

See CORPORATE TAXES

– Small business provisions

See SMALL BUSINESSES

– Tax provisions, Senate Finance Comm. posts summary, 96:G–6 (5/21/09); text, 96:TaxCore (5/21/09)
– UI benefits, tax exclusion

See UNEMPLOYMENT INSURANCE

ARGENTINA

– Exporters' refund requests, most originate in transactions that used tax havens, tax official says, 66:I–3 (4/9/09)
– Home appliances and consumer electronics, tax increase proposed, 79:I–5 (4/28/09)
– Tax evasion and capital flight, rulings ban stocks, bonds related to nations lacking tax treaties, 92:I–4 (5/15/09)

ARIZONA

– Scholarship contributions, court erred in dismissing Establishment Clause challenge to tax credit (9th Cir.), 75:K–1 (4/22/09); decision text, 75:TaxCore (4/22/09)
– Tax amnesty program announced from May through June, 68:H–2 (4/13/09)
– Withholding rate, legislature sends governor bill to decouple from federal tax law, 63:H–1 (4/6/09); bill signed, prevents revenue loss, 69:H–1 (4/14/09)

ARKANSAS

– Energy used in manufacturing, sales tax reduction enacted, 60:H–2 (4/1/09)
– Historic rehabilitation, tax credit against corporate income, insurance taxes enacted, 70:H–2 (4/15/09)
– Mississippi River delta, legislation expands, makes changes to state's geotourism tax credit, 61:H–2 (4/2/09)
– Motion pictures and digital productions, legislation creates tax credit, 86:H–2 (5/7/09)
– Storms and flooding in Apr., IRS provides tax relief, 82:G–1 (5/1/09); news release, 82:TaxCore (5/1/09); counties in disaster area, correction, 84:G–6 (5/5/09)

ARMED SERVICES

– Differential pay from employers subject to income withholding, but not FICA and FUTA, 72:G–1 (4/17/09); IRS Rev. Rul. 2009-11, 72:TaxCore (4/17/09)
– Home buyers' credit, extension

See LEGISLATION, FEDERAL, HR 2562

– Income tax exclusion

See LEGISLATION, FEDERAL, HR 1624

ATTORNEYS

– Attorney-client privilege

– – Alleged breach by attorney to receive compensation from IRS, discovery requests allowed (S.D. Tex.), 88:K–1 (5/11/09); decision text, 88:TaxCore (5/11/09)
– – Broadcom ruling on privilege serves as warning to attorneys and prosecutors, observers say (C.D. Cal.), 70:K–2 (4/15/09)
– – Textron's in-house counsel, amicus brief supports work-products rights (1st Cir.), 78:K–5 (4/27/09); U.S. Chamber, Ass'n of Corporate Counsel brief, 78:TaxCore (4/27/09)

– Employee legal service plans

See LEGISLATION, FEDERAL, HR 1423, S 825

– Tex. limit on attorneys' fees in tax appraisal challenges upheld (Tex. App.), 90:K–1 (5/13/09); decision text, 90:TaxCore (5/13/09)

AUDITS, IRS

See TAX AUDITS

AUSTRALIA

– Budget introduces changes to several tax breaks, boosts deduction for small businesses, 91:I–2 (5/14/09)
– Consolidated groups, draft tax bill released, 81:I–1 (4/30/09)

AUSTRIA

– European Comm'n challenges law requiring Austrian “fiscal representative,” 93:I–3 (5/18/09)

AUTOMOBILES

See MOTOR VEHICLES

AZERBAIJAN

– Special economic zones, parliament passes bill with tax exemptions, 70:I–1 (4/15/09)
– Value-added tax, Azerbaijan adopts VAT exemption, outlines planned reduction in tax on corporate profits, 85:I–1 (5/6/09)