Daily Tax Report Index-Summary

OFFSHORE HAVENS

– Bank secrecy

– – Foreign bank, trust, corporate disclosures

See LEGISLATION, FEDERAL, HR 3933, S 1934

– – Liechtenstein prince defends financial privacy in growing climate of tax transparency, 201:I–8 (10/21/09)
– – Swiss bank litigation

See SWITZERLAND

– Brazil begins tax haven crackdown, 191:I–3 (10/6/09)
– Expatriate U.S. firms

See INVERSION TRANSACTIONS

– French measures for fighting tax evasion

See FRANCE

– Isle of Man sends IMF report on compliance to U.S. Treasury, 190:I–3 (10/5/09)
– Jersey sends IMF evaluation on compliance to U.S. Treasury, 195:I–2 (10/13/09); correction, 197:I–2 (10/15/09)
– Tax information exchange agreements

– – Guernsey notes Australia accord in letter to U.S. Treasury, 196:I–4 (10/14/09); correction, 197:I–2 (10/15/09)
– – Liechtenstein's TIEAs

See LIECHTENSTEIN

– U.S. efforts against tax evasion

– – DOJ crackdown, report corrected, 189:G–11 (10/2/09); senators urge DOJ to ensure funding sufficient, 195:G–4 (10/13/09)
– – Foreign multinationals, limitation on treaty benefits

See LEGISLATION, FEDERAL, HR 3962

– – IRS official cites gains in effort to combat tax evasion, discusses Treasury's FY2010 proposals, 197:G–15 (10/15/09); IRS seen pursuing international tax evasion for foreseeable future, 207:G–2 (10/29/09)

– Voluntary disclosures

– – Deadline nears, 10 things to consider, Viewpoint, 188:J–1 (10/1/09); IRS reminds taxpayers of Oct. 15 deadlines, 189:G–10 (10/2/09); news release, 189:TaxCore (10/2/09); filers can still submit documents, 205:G–3 (10/27/09)
– – Estate and gift tax issues emerging under IRS disclosure program, 205:G–1 (10/27/09)
– – FBAR reporting

See INFORMATION REPORTING

– – IRS posts information in 6 foreign languages, 188:G–13 (10/1/09)
– – Over 7,500 applied for amnesty, IRS Comm'r says criminal investigations to expand, 197:GG–1 (10/15/09)
– – States take variety of approaches in wake of federal disclosure program, BNA Analysis & Perspective, 194:J–1 (10/9/09)
– – Threat of criminal prosecution of UBS clients makes disclosure program success, conference participants say, 201:G–7 (10/21/09)
– – UK tax agency launches web portal for disclosures of offshore income and assets, 190:I–2 (10/5/09)

OHIO

– Budget deficit, governor proposes delay of personal income tax rollback after court rules against video lottery terminals, 189:H–1 (10/2/09)
– Commercial activity tax, CAT return filings urged to avoid penalties, 205:H–1 (10/27/09)
– Job training, applicant entitled to tax credit despite incomplete application, Ohio Bd. of Tax Appeals rules, 197:H–1 (10/15/09)
– Natural gas tax scheme, suppliers' appeal 6th Cir. decision (U.S., rev sought), 190:K–1 (10/5/09)

OIL AND GAS

– Ohio's natural gas tax scheme, suppliers appeal 6th Cir. decision (U.S., rev sought), 190:K–1 (10/5/09)
– Okla. tax on gas held in storage, Supreme Ct. seeks briefs (U.S.), 191:K–2 (10/6/09)
– Tax increases opposed, 205:G–9 (10/27/09); industry unions, API letter to Congress, 205:TaxCore (10/27/09)

OKLAHOMA

– Electric vehicles, Tax Comm'n rescinds emergency rule barring tax break for street-legal golf carts, 193:H–1 (10/8/09)
– Intangible property, ad valorem exemption limited by state constitution (Okla.), 188:K–1 (10/1/09); Southwestern Bell Telephone ruling, 188:TaxCore (10/1/09)
– Natural gas held in storage, briefs sought on application of property tax (U.S.), 191:K–2 (10/6/09)
– Telecommunications ancillary services, Okla. issues sourcing rule, 205:H–2 (10/27/09)

OREGON

– Ballot referendums on tax hikes, legislative report notes impact on larger firms, 192:H–1 (10/7/09); tax hike measures will be on Jan. ballot, 195:H–1 (10/13/09); reports say business tax burden would rise if measures 66, 67 adopted, 199:H–2 (10/19/09)
– Interest rate proposal would drop rate in Jan. for refunds, delinquencies, 196:H–1 (10/14/09)
– Portland franchise fees, Tax Injunction Act deprives district court of jurisdiction (U.S., rev sought), 190:K–1 (10/5/09)
– Property taxes to increase despite decline in property values, 198:H–1 (10/16/09)