Introduction

On 29 June, 2009, HM Revenue & Customs (“HMRC”) in the UK published a draft code of practice for the banking sector (the “Code”). This was expected, following the 2009 Budget.

The stated aim of the Code is to “change behaviours and attitudes towards tax avoidance in the ...   MORE>>

December 22, 2008

"When I am President, any governor who's willing to promote clean energy will have a partner in the White House. Any company that's willing to invest in clean energy will have an ally in Washington. And any nation that's willing to join the cause of combating climate change will...   MORE>>

The Friday, October 10, 2008, edition of The State newspaper (Columbia, South Carolina) carried an article about the possible Wells Fargo-Wachovia merger. The article stated the merger could cause “major job cuts.” In an economic downturn such as the current one, employees are going to suffer ...   MORE>>

Employers must act by the end of the year to bring their deferred compensation plans and arrangements into compliance with Section 409A of the Internal Revenue Code of 1986, as amended, Inclusion in Gross Income of Deferred Compensation Under Nonqualified Deferred Compensation Plans (“Section 409A...   MORE>>

In the case of Florida Dept. of Revenue v. Piccadilly Cafeterias, Inc.,[1] the United States Supreme Court ruled that the exemption from the payment of stamp taxes or similar taxes on transfers of property of a Chapter 11 debtor’s estate, contained in section 1146(a) of the Bankruptcy Code,[2] doe...   MORE>>