LexisNexis® Legal Newsroom
Year-End Legislation Extends Key Provisions for Businesses, Provides 100 Percent Expensing for Certain Assets and Enacts New Foreign Procurement Excise Tax

By Robert A. Clary II , David G. Noren, James A. Riedy PC and Rachel E. Aaronson As part of legislation enacted at the end of 2010, the U.S. Congress extended several beneficial tax provisions for businesses, including the research credit, active financing exception under Subpart F and look-through rule...

Obama's Rate Cut: How Low Can You Go?

President Obama's newly released 'framework' for corporate tax reform envisions a significant rate cut for U.S. firms. You can read the details at the President's Framework for Business Tax Reform . His basic idea is to lower the statutory rate from 35% to 28%. He's vague on the details...

Obama's Corporate Minimum Tax

President Obama has given us his framework for corporate tax reform . There's much talk about his proposed minimum tax on offshore profits. The framework is thin on details, but we're able to provide the following preview of how the tax might operate. The minimum tax would take the form of...

They Don’t Call It Country and Western Anymore

ABC Studios is going to do a television series called Nashville . The show will, appropriately, be about the country music scene. Nashville is the home of country music. In fact, the city calls itself "music city." It is the home of the Country Music Hall of Fame, the Grand Ole Opry, and the...