11/21/2008 BNA Software
Rangel Says Health Care, Tax Reform to Dominate Committee Agenda
House Ways and Means Committee Chairman Charles Rangel (D-N.Y.) said Nov. 20 that he envisions the tax-writing panel dual-tracking health care legislation and a plan to overhaul the tax system that includes repeal of the alternative minimum tax.
11/20/2008 BNA Software
Assurances Sought on Penalties for Golden Parachutes in Revised Bailout
Senate Finance Committee members Nov. 19 wrote Treasury Secretary Henry Paulson seeking assurances that his revised plan for doling out $700 billion in financial bailout funds still will utilize the tax provisions Congress intended to keep companies from offering golden parachutes to their executives.
11/19/2008 BNA Software
Baucus to Offer More Tax Benefits as Part of Stimulus Bill
Senate Finance Committee Chairman Max Baucus (D-Mont.) told reporters Nov. 18 that he intends to offer several additional tax benefits to the stimulus package currently under consideration, including an extension of a bonus depreciation provision intended to encourage businesses to make new investments.
11/18/2008 BNA Software
SEC Issues Proposed Road Map for Mandatory IFRS U.S. Adoption of IFRS
The Securities and Exchange Commission Nov. 14 formally issued its proposed road map that could lead to mandatory adoption by U.S. domestic financial report filers of international financial reporting standards beginning as early as 2014 for the largest financial report filers.
11/17/2008 BNA Software
Grassley Asks Treasury IG to Investigate Issuance of Notice on Losses
Senate Finance Committee ranking Republican Charles Grassley (R-Iowa) Nov. 14 asked Treasury Inspector General Eric Thorson to investigate Treasury's issuance of Notice 2008-83, guidance that responded to the financial crisis by lifting restrictions on the ability of banks to use losses after an acquisition under tax code Section 382.
