Tax Law

Recent Posts

Pepper Hamilton LLP: Preparing Your Company for FATCA
Posted on 7 Mar 2011 by Pepper Hamilton LLP

By 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... Read More

Pepper Hamilton LLP Tax Update: Cut Unjustified Tax Loopholes Act Would Favor Foreign Fund Managers Over U.S. Managers
Posted on 9 Apr 2012 by Pepper Hamilton LLP

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... Read More

HIRE Act: FATCA Provisions Affect Rules Governing Foreign Trusts and Reporting Requirements
Posted on 20 Apr 2010 by Christensen, Kruse, Moore, Stone

On March 18, 2010, President Obama signed into law H.R. 2847, the Hiring Incentives to Restore Employment Act (HIRE). HIRE targets job creation by providing tax incentives, such as business credits to companies for newly hired employees. The... Read More

Pepper Hamilton LLP: Additional Time to Implement FATCA
Posted on 26 Jul 2011 by Pepper Hamilton LLP

By 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 Foreign Account... Read More

HIRE Act Focuses on Disclosure and Reporting by Foreign Financial Institutions
Posted on 23 Apr 2010 by Joan C. Arnold and Laura D. Warren

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... Read More

Sutherland Legal Alert: It’s Just a Phase: The “Phased Implementation” of FATCA Under Notice 2011-53
Posted on 20 Jul 2011 by Eversheds Sutherland LLP

By Carol Tello , Michael Miles , William 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... Read More