Joan C. Arnold
Under current law, payors of U.S. source interest, services fees,
royalties, and dividends are obligated to withhold 30 percent tax
(unless exempt or reduced by treaties) pursuant to Section 1441 1
and report them on...
By Steven D. Bortnick and Timothy J. Leska , Attorneys, Pepper Hamilton LLP
In March 2009, Sen. Carl Levin (D-Mich.) introduced the Stop Tax Haven Abuse Act (S. 506) (the 2009 Act) to "stop tax cheats" and target "off-shore tax abuses...
On March 18, 2010, President Obama signed into law H.R. 2847, the
Incentives to Restore Employment Act (HIRE). HIRE targets job creation
providing tax incentives, such as business credits to companies for
Laura D. Warren
On July 14, 2011 the IRS and Treasury issued Notice 2011-53, which
(i) describes a timeline for the implementation of the information
reporting and withholding requirements provided in the recently enacted
H.R. 2847, the Hiring Incentives to Restore Employment Act
(HIRE), was signed into law on March 18. This law contains provisions
previously included in proposed legislation in the Foreign Account Tax
Compliance Act of 2009 (H.R. 3933, S. 1934), known...
By Carol Tello , Michael Miles ,
Pauls , Robb
Chase and Dwaune
Dupree On July 14, 2011, Treasury and the Internal Revenue Service (IRS) released Notice 2011-53 (the Notice), which provides transition rules for implementation of the Foreign...